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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 swimmingbudon Nov 07, 2011 7:17pm
386 Views
Post# 19216876

RE: RE: apparently downgraded by BofA...

RE: RE: apparently downgraded by BofA...We have already expected the downgrade across the board, not just LUN. The trading volume of LUN is so interesting since it hit the lowest at 3.17$ since Oct 4. The volume since the 3rd quarter financial report totals about 90 million shares and the volume since the lowest 3.17$ on Oct 4 totals 170 million shares, about 18% and 30% of the outstanding shares. Who bought it at this price level? someone must know something big we don't know and it is going to occur soon. otherwise, they can trade it in low volume to avoid the attention from the market. Hope it is all good thing brewing as the director mentioned in an interview about the option of selling the property. GLTA.
Bullboard Posts