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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Metals & Mining Gold
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

Belo Sun Mining Corp > $8,420,787
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Comment by GoodMonkeyon Dec 08, 2022 10:14pm
86 Views
Post# 35160878

RE:RE:RE:RE:$8,420,787

RE:RE:RE:RE:$8,420,787institutions own millions of shares, there is no way they can sell now as there isn't enough demand to support this kind of volume.  They would have to find another firm who is willing to buy from them. 

If they were gonna sell at market price the share price would collapse to zero. So basically they are fuucked. 
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