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Bullboard - Stock Discussion Forum
Lundin Gold Inc
T.LUG
Alternate Symbol(s):
LUGDF
Metals & Mining
Gold
Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km)...
long copper-gold metallogenic sub-province in the Cordillera del Condor region in southeastern Ecuador. The Company’s properties in Southeast Ecuador consists of over 28 metallic mineral concessions and three construction materials concessions covering an area of approximately 64,454 hectares. From this, Fruta del Norte is comprised of seven concessions covering an area of approximately 5,566 hectares and is located approximately 142 km east-northeast of the City of Loja in southeastern Ecuador. Fruta del Norte deposit is an intermediate sulphidation epithermal gold-silver deposit.
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Bullboard (TSX:LUG)
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(1574)
•••
Retiredgeo
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Comment by
Retiredgeo
on Dec 17, 2020 4:27pm
RE:RE:RE:RE:RE:SLUGGY
Reason 1 - It is in Equador and that scares a lot of would be investors. If this mine was in Canada LUG would be double where it is now. Reason 2 - it is a boring industrial stock with known
...more
(7)
•••
robnhood
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Comment by
robnhood
on Dec 17, 2020 2:46pm
RE:RE:RE:RE:SLUGGY
By watching the trading it appears that there is a big lack of buyers. Why, I have no idea, but as long as it languishes there will be less and less interest and more tired of waiting sellers.
QMET has 11 claims and 633 hectares Property in Ville-Marie, Quebec Hydrogen Camp
posted Nov 25, 2024 9:00am by
Q Precious & Battery Metals Corp.
-
|
The Company is pleased to discover that their Lorrain claims are now within the new and exciting exploration for hydrogen in the Ville-Marie, Lorrainville and Béarn region of Quebec. The region has undergone a claim staking rush following the ...read more
(71)
•••
Pete1986
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Comment by
Pete1986
on Dec 17, 2020 2:25pm
RE:RE:RE:SLUGGY
In February the share price was 12,7 CAD. Even at the beginning of the year it was at 8,6 CAD. So it doesn't matter what time you take, its not a good performance. The point here is, LUG turned
...more
(11)
•••
goldanalyst
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Comment by
goldanalyst
on Dec 17, 2020 2:23pm
RE:RE:RE:SLUGGY
May I draw draw your attention to the fact (despite your perfect timing on entry) that this stock was trading at $11.50 per share on Feb 28 2020. Soon to be a year. I have about 30 gold stocks .
...more
(1574)
•••
Retiredgeo
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Comment by
Retiredgeo
on Dec 17, 2020 1:45pm
RE:RE:SLUGGY
You are using a very narrow metric. Over the last 52 weeks LUG has gone from $7.74 to $11.50. That's a 48% gain for the year. For a boring industrial stock that isn't a bad
...more
(71)
•••
Pete1986
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Comment by
Pete1986
on Dec 17, 2020 10:50am
RE:SLUGGY
Yes, something is wrong with LUG. One of the worst performances in the sector...
(11)
•••
goldanalyst
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Post by
goldanalyst
on Dec 17, 2020 10:46am
SLUGGY
solid 7 cent gain today on +$30 US gold price increase :)
(7)
•••
robnhood
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Comment by
robnhood
on Dec 16, 2020 7:38pm
RE:RE:Sluggy LUG
In the end it appears that Anon was the seller. They sold 300,000 today. Made volume over 500,000. Looks like some decent buying showed up.
(7)
•••
robnhood
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Comment by
robnhood
on Dec 16, 2020 10:34am
RE:Sluggy LUG
I see a few other golds are soft today. Watching the LUG buys and sells it appears that very little is actually coming from sellers. Three or so firms that do lots of algo trading on it are
...more
(587)
•••
BSdetector2016
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Post by
BSdetector2016
on Dec 15, 2020 3:25pm
Sluggy LUG
It's just trading within its brain-dead range. Buy it at the 200d MA and you'll do fine. It tested it briefly today.
(1574)
•••
Retiredgeo
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Comment by
Retiredgeo
on Dec 15, 2020 2:27pm
RE:LUG the SLUG
I will guess end of the year rebalancing/tax loss selling by fund(s). There is no news on the nets. The fundamentals are all excellent. Gold is doing well. The funds flow out of gold
...more
(7)
•••
robnhood
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Comment by
robnhood
on Dec 15, 2020 2:15pm
RE:RE:LUG the SLUG
make that 4.5% so far. I did read somewhere that Rafael Correa has returned and is going to lead a worker's party in Ecuador. I can't see that having a negative effect on LUG since
...more
(71)
•••
Pete1986
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Comment by
Pete1986
on Dec 15, 2020 1:43pm
RE:LUG the SLUG
3,5% down on a good gold day? Something seems to be wrong...
(11)
•••
goldanalyst
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Post by
goldanalyst
on Dec 15, 2020 12:11pm
LUG the SLUG
she is slow....but they do say that the tortoise wins the race.....we will need the patience of Job to cash in on this one....hang tight we should have a decent 2021
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