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Wednesday, May 11, 2011
Trading Halted for Lepanto Consolidated Mining Company
LEPANTO CONSOLIDATED MINING COMPANY ( LC OR THE CORPORATION )@ @LC, IN A LETTER RECEIVED BY THE EXCHANGE ON MAY 11, 2011 AT 9:19 A.M., STATED TH@AT: @ @ LEPANTO CONSOLIDATED MINING COMPANY INTENDS TO MAKE A MATERIAL DISCLOSURE WITHI@N THE NEXT TWO DAYS AND REQUESTS THAT TRADING OF ITS SHARES BE SUSPENDED IMMEDIA@TELY, TO BE RESUMED AFTER LEPANTO SHALL HAVE MADE THE DISCLOSURE. @@IN VIEW THEREOF, THE EXCHANGE WILL IMPLEMENT A TRADINGSUSPENSION ON LC SECURITI@ES EFFECTIVE TODAY, MAY 11, 2011.@@A COPY OF THE CORPORATION S DISCLOSURE WILL BE UPLOADED SHORTLY.@@FOR THE INFORMATION AND GUIDANCE OF THE INVESTING PUBLIC.
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Philippine stocks are cooked! You can't tell me that there was not some front running going on in the market with Lepanto!! Certain people know what is going on way before the average retail investor does otherwise you would not have seen the dramatic rise in the stock price the past few weeks. And now today they announce a suspension until there is a material announcement.
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