Ann: High-Grade Core Identified - Llahuin Copper , page-17

re: Ann: High-Grade Core Identified - Llahuin... Under the radar, IMO.

They raised $20m at 0.42 from memory in late 2010, and looking around a year ago you can see the tops around that level.

Tighly held/low volume (look at the proportion of soi in the buy/sell spread - 4 buyers and 4 sellers for around 215k). Looking at the volumes over 2012 it's pretty thin; a little bit around market shifting periods, end of FY etc, but 500-1000k vol on big days, so usually $1000s or $10000s of stock changing hands.

The May announcement got my attention - been nibbling a little bit recently whilst the market has been a fire sale.

As Dmagnus said, a CR needed some time (4Q12? They'll need at least another $4m I guess with $4m in bank for 2013), so it will be interesting to see what support is there later in the year (seems like an eternity away given the last 3 months).

A few higher straight Cu grades (0.5+%) would be encouraging, rather than 0.3% re the Cu Eq issue. As Crackpot said, not setting the world on fire yet. But around this EV the risk/reward looks promising; 20d WMA cross above 50d WMA might be on the cards, but has kissed a couple of times and fallen back in recent months, so who knows? It's a rollercoaster at the moment.

Maybe they'll hit graphite!!!

GLTA