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Lundin Mining Corp T.LUN

Alternate Symbol(s):  LUNMF

Lundin Mining Corp. is a Canada-based diversified base metals mining company. The Company is engaged in metals mining with projects and operations in Argentina, Brazil, Chile, Portugal, Sweden and the United States primarily producing copper, zinc, gold and nickel. The Company’s operations include Candelaria, Caserones, Chapada, Eagle, Neves-Corvo, Josemaria and Zinkgruvan. Candelaria comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, which produce copper concentrates. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is an underground mine producing nickel and copper concentrates. Neves-Corvo is a mainly copper and zinc mine producing copper, zinc and lead concentrates. Josemaria is a large-scale copper-gold-silver project. Zinkgruvan is engaged in producing zinc, lead and copper concentrates.


TSX:LUN - Post by User

Bullboard Posts
Comment by cigarettemanon Jul 21, 2008 5:37pm
334 Views
Post# 15314407

RE: big increase in shorts

RE: big increase in shortsMy point is this, with the short position growing out of control the last 6 months, it is looking very dismal for lundin mining.  Your point is exactly my point, at what point will people care again.  The answer, maybe never.  Bankruptcys are growing out of control.  Hedge funds are pushing what little left of investments people have into share price depths that people are starting to run scared.  Shorters own the market, and who are the shorters, hedge funds and very wealthy individuals.  you talk of patience, yet with the share price spiralling downward, all that having patience has done for shareholders is more anxiety as you watch and wait while your portfolio continues to become more worthless.  No patience is not the answer.  The answer is getting on your MPs and company executives to start thinking like business people and actually do something. Have full disclosure of the hedge funds and shorters, naked shorters have killed many companies that would have otherwise employed many people.  How does this happen, by pushing share prices so low, they cant get any financing or they become to diluted for anyone to become interested in their concepts. Unless of course they like what is happening and couldn't care less.  Why do they possibly not care, because they are part of the minority crowd of the wealthy, and so called blips in the market are healthy they say.  Well let me tell u this, when the so called developed countries of the world start to see the type of civil unrest that occurs today in many of the so called undeveloped countries of the world, will the wealthy be happy then, when the oppressed and desperate people of the so called developed world start losing every thing they have, because of losing their jobs, homes, financial security and hope.  History shows that when people lose hope, massive civil unrest is what occurs next.  It is happening every where in the world right now, maybe not in the developed countries quite yet, but believe me, it is coming in a big way.  But one has to ask the hedge funds and wealthy minority, is this the type of world they want to live in.  Be careful what u ask for, u may just get it.
Bullboard Posts