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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 strannickon Sep 02, 2012 12:10am
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Post# 20303558

RE: A few observations

RE: A few observations

I couldnt agree more with your last point. Luna is massively held by insiders v. institutions and others. If this clique doesnt sell, and it doesnt look like they will going by their insider buying at these levels and above, then it wont take much volume to move this. With their low cost, respectable and improving production levels, they are very suspectible to appreciation with a rising gold price, which I believe we are again in the openning innings of. With the isnders holding on, once the istitutions come sniffing around, we could be one of those junior producers Rick Rule is so fond of saying will explode.

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