OTCPK:LGCUD - Post by User
Comment by
Streicheron Jun 22, 2015 11:24am
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Post# 23855108
RE:another insider buy of 50,000 on 6/19
RE:another insider buy of 50,000 on 6/19Dream on. Leduc is already in the hole to the tune of $60k but he has his salary to compensate and no doubt a healthy stock option. Remember when Baertl was buying? People were saying the same thing. He must now be in a hole to the tune of +/- US$25M since most of his 17M shares were bought before the roll back.
Facts are clear. Luna plans to mine hard rock. That involves drilling, blasting and much more grinding capacity. Ie more capital and higher operating cost . They are trying to understand the model, presumably to assist in higher grade mining. Well, if they cant work it out by now by visually seeing what is happening in the pit, then no computer model is going to help much. No doubt, they have to consider increasing the tailings facility also. Hard rock mining probably means sulfide minerals start to appear, therefore acid drainage becomes a consideration as well as more pumping.
As for greenfield/brownfield potential, how long have we heard that?
This stock's best days have long gone.