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Luna Gold LGCUD

Metals & Mining Gold Industrial Metals & Minerals
Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The


OTCPK:LGCUD - Post by User

Luna Gold
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Comment by mork10on May 28, 2012 10:10am
257 Views
Post# 19952095

RE: RE: RE: RE: An insider purchased shares today

RE: RE: RE: RE: An insider purchased shares today

the fact that Luna´s major shareholder, Luis Baertl, has been buying shares on the open market for him and his family is always a very good sign, nobody is better suited then him (except the CEO) to recognize an undervalued asset and know the future value of the company!!

Let´s not forget as well that the company is cash-flow positive and will not need require external financing to meet its short term exploration and plant upgrades requirements. Read the following statement from its 1rt Q financials:   "The Company has adequate funds available to meet its working capital requirements, debt payments, and execute its planned capital upgrades and exploration activities in 2012".

In today´s envirnment that´s a mojor plus.

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