Lundin Gold Inc T.LUG

This is geting ungly...

[Pete1986]

..it seems like the market doesn't trust this company anymore. One of the biggest underperformer. It seems like they get expropriated by the government.

 

[claritas]

You might want to take a look at the price of gold, instead of blaming the Company.  ALL gold stocks have been down over the past several weeks.  It takes patience and to stay disciplined.

[Pete1986]

Well, if you follow the company, you can see what is happening. And no, Lundin is the most underperformer in the sector.  There are some rumors that the government is taking over this mine. May that's the reason for the shakedown.

[Retiredgeo]

What is your source Pete1986? Shorters love to spread such rumors. Considering the capitol investment that is still required, the expertise required to mine and expand and the bad will created by such a takeover such rumors make no sense at all. The short position has been growing since Feb 15.  It is now over a million shares (double the January number).  Is LUG now under short

[Pete1986]

Would be great for government. They mine is build and they just take it and make much more money from it, instead just getting the royalties. Share price also indicates that something is going on, and it won't be positive for shareholders.  Shorting LUG is a good way to make money.

[RatPatrol]

This is Not getting ugly; this stock is GETTING CHEAP! 1) Mine and mill are running at design capacity. 2) Metal prices are high. 3) I believe the company is attractive to Newcrest. See my post here of March 19th. ONE BIG ISSUE is how this newly elected President (of Ecuador) will deal with his constituents: mining companies, workers, voters, etc. Is he going to follow the whims of Mr. Correa,

[robnhood]

As far as I know LUG did all of it's negotiating with the Correa government and Correa is no felon. A bunch of nonsense.