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Lepanto Mining (LC/LCB) - Traders Lounge

Lepanto Mining Subsidiaries.

SHIPSIDE, INC.


Based in San Fernando, La Union, Shipside is a wholly-owned subsidiary of Lepanto organized in 1958 for the following purposes:
  • To engage in handling bulk materials, products and supplies;
  • To maintain and operate terminal facilities, terminal warehousing, terminal ways, terminal stations, terminal factory and show room facilities;
  • To engage in the operation, repair, maintenance and overhauling of trucks, heavy equipment and all types of motor vehicles;
  • To engage in the general lumber business and to operate sawmills;
  • To engage in the manufacture of hollow blocks, cement products, wooden cases, container boards and crates for the packing of commodities;
  • To engage in the business of exploration, development, processing and marketing of minerals either by acquisition, joint venture of operating agreements with the holders of existing mining rights;
  • To engage in the business of operating a restaurant/resort.
Shipside has a capital base of P100 million and a paid-up capital of P36.3 million. It can be reached at this web address: http://www.shipsideinc.com/

LEPANTO INVESTMENT AND DEVELOPMENT CORPORATION (LIDC)

LIDC was organized as a wholly-owned subsidiary in April 1969; it has an authorized capital stock of P50 million and a paid-up capital of P42 million. It is engaged in the insurance business. As Lepanto's investment arm, it owns 31% of Philippine Fire and Marine Insurance Corporation and 80% of Diamant Boart Philippines, Inc. The former is engaged in non-life insurance while the latter is engaged in the manufacture of industrial diamond tools for mining exploration, marble cutting and the construction business. Web address of Diamant Boart is http://www.diamantphil.com/.

DIAMOND DRILLING CORPORATION OF THE PHILIPPINES (DDCP)

DDCP was established in July 1971 as a wholly-owned subsidiary to handle Lepanto's diamond drilling requirements. DDCP has drilling contracts with several mining companies in the Philippines. It is capitalized at P20 million with a paid-up capital of 12 million.

FAR SOUTHEAST GOLD RESOURCES, INC. (FSGRI)

FSGRI was incorporated in July 1989 to engage in the mining business. FSGRI holds an MPSA over close to a thousand hectares of mineral land in Makayan, Benguet. Authorized capital stock of the Company is P1 billion with a paid-up capital of P435 million. Lepanto owns 60% of FSGRI's share capital.
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Comments

  • it is currently down since it broke the 1.21 this january.

    any idea what is going on with the mining and oil right now?
  • anu kaya nangyayari sa mining and oil ngayon? ang LC after mabreak yung 1.21, di na ulet makabangon for a week na.:(
  • tama ba? -- LC now sitting on support line and macd says sell! but that is the daily chart.

    Ducati, post the weekly chart of LC too. the macd's buy signal is still wide open.
  • From Boss Sugarol

    Mga 3 to 5 years pa ito siguro maging productive...
    Lipat muna kayo sa AT, productive na. Sayang ang opportunity to earn kung matulog ang pera dito.

    Hindi madali ang pagtayo ng infrastructure to make a mine productive. Usually takes 3 to 5 years, that is my observation here in Canada.

    Not necessarily mining ang lipatan, iyan lang ay suggestion lang po.

    what I mean is iba ang just producing from SIGNIFICANTLY PRODUCING.

    From Boss Mike

    If LC is only currently producing net income of 100m a year barya lang iyan as compared to its capitalization.

    In order to be considered significantly producing dapat multi billion ang income nito.

    Most people dont want to buy AT at current prices.. they want to buy it at 32 or much higher.. :lol:

    No more comments on LC. Hihihi...

    Obserbahan mo ang movement ng AT, if you are not convinced.
  • tama ba? -- LC now sitting on support line and macd says sell! but that is the daily chart.

    Ducati, post the weekly chart of LC too. the macd's buy signal is still wide open.

    LC - Weekly Chart

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    LCB - Weekly Chart

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  • LA #0039: Lepanto Consolidated additional listing

    The Exchange approved on February 29, 2008, the application of LEPANTO CONSOLIDATED MINING COMPANY (the Company) to list an additional 252,000,000 Class A common shares and 168,000,000 Class B common shares, or a total of 420,000,000 common shares, with a par value of P0.10 per share, to cover the Companys Stock Option Plan (Plan), at an exercise price equivalent to 80% of the average closing price of the Companys shares for ten (10) trading days immediately preceding the date of approval of the Grant by the Companys Board of Directors.

    Further, pursuant to the 1:7 stock rights offering of the Company to all stockholders of record as of March 25, 2008, an additional 36,000,000 Class A common shares and 24,000,000 Class B common shares, or a total of 60,000,000 common shares, with a par value of P0.10 per share, were approved for listing on February 29, 2008 to cover the Companys Plan. Further, pursuant to the 1:3.3 stock rights offering of the Company to all stockholders of record as of December 3, 2010, an additional 33,409,662 Class A common shares and 22,273,108 Class B common shares, or a total of 55,682,770 common shares, with a par value of P0.10 per share, were approved for listing on February 9, 2011 to cover the Companys Plan.

    This brings the number of shares approved for listing to cover the Companys Plan to 321,409,662 Class A common shares and 214,273,108 Class B common shares. In this connection, please be advised that an additional 1,536,828 Class A common shares and 1,024,555 Class B common shares have been availed of and fully paid under the Companys Plan. In view thereof, the listing of additional 1,536,828 Class A common shares and 1,024,555 Class B common shares availed of under the Companys Plan is set for Wednesday, January 30, 2013. This brings the number of common shares listed under the Companys Plan to a total of 293,495,309 Class A common shares and 195,663,349 Class B common shares.
  • LC Daily Charts

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  • LC Weekly Charts

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  • LC Monthly Charts

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  • LC is up by 1.74% today and it looks like LC is doing it slowly but surely to bounce from the 20SMA. At this time it is heading for the sky but may experience turbulence at around 1.20.

    Caveat!

    LC02042013.jpg
  • adding today's candlestick/bar, LC looks like forming a mini-rounding bottom with resistance at 1.20. if broken, yehey!

    P.D.: No LC here.
  • LC: Inverted Head and Shoulders
    Thursday, February 7, 2013


    Lepanto Consolidated Mining (PSE:LC) has rallied since bottoming at 0.90 last december and is now hovering near the 1.20 resistance. In our view, this confirms an inverted head and shoulders formation.

    The left and right shoulder are both round supports with a range of 1.10-1.15, while the head would be the round support at 0.90. We think that the 1.20 resistance is the neckline and a breakout of this level should have a target of 1.50. The distance of the head to the neckline is the basis of the breakout target. We rate LC a trading buy with an exit price of 1.50.

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  • Weekly Charts

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  • Save Points:
    Mining Law - No date yet.
    2016-2017 - Production date.

    FSE is the Ace Card of this stock by.
  • GF.

    -No edit?
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