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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Belo Sun Mining Corp. is a Canada-based mining company with a portfolio of gold-focused properties in Brazil. The Company is focused on the development of the Volta Grande Gold Project. The Volta Grande Gold Project covers over 2,400 hectares within the 'Tres Palmeiras' greenstone belt. The Volta Grande Gold Project is located in Para State, Brazil, approximately 60 km south-east of the city of Altamira. Altamira is a major regional center with a population of approximately 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The mineral resources on the Volta Grande Gold Project are subdivided in two areas: North Block and South Block. The North Block includes four zones; Ouro Verde, Junction, Grota Seca and Greia; the South Block is located approximately 10 km south.


TSX:BSX - Post by User

Bullboard Posts
Post by wwadehammeron Feb 20, 2016 8:28pm
86 Views
Post# 24578702

Not Much Volume

Not Much VolumeIs this nothing but rumors?  Volume hasn't been all that great.  Only a little over 500,000 shares on Friday.  Not many selling and no huge buys.  Ben's post on percentage of institutional investors shows things haven't changed.  Gold price has made a nice run and that accounts for some of the run-up but only a small portion of it.  Very hard to figure why the price has gone from 0.27 to .41 in the last few weeks.  Maybe someone knows something and is buying in small amouts trying to make some money, but if no news soon, look for a pull-back.
Bullboard Posts