Gunnison Copper Corp V.GCU

Primary Symbol: T.GCU Alternate Symbol(s): GCUMF

Metals & Mining Industrial Metals & Minerals

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a copper development company. The Company operates in Cochise County, Arizona, and is focused on delivering pure copper cathode into the United States domestic supply chain. The Company’s projects include Gunnison Copper Project, the Johnson Camp Mine, and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits, in Cochise County, Arizona. The Strong and Harris copper-zinc-silver deposit is located just 1.3 miles (2.4 kilometers) north of Gunnison Copper’s Johnson Camp SX-EW facility. The Gunnison Project which incorporates a large open pit of predominantly copper oxide mineralization approximately two kilometers south of Johnson Camp Mine (JCM). The Project is a copper cathode and is designed to produce around 167 million pounds of copper cathode annually.

TSX:GCU - Post by User

Gunnison Copper Corp

Bullboard Posts

Comment by str8tgoodson Sep 30, 2010 7:35pm

252 Views

Post# 17514898

RE: RE: Pinetree Buys 1 Million GCU Shares

Actually Pinetree together with Pinetree associate Sheldon Inwentash sold approx. 700k GCU shares on the open market @ 45.4 cents and bought into GCU's PP financing @ 45 cents, so don't count that into the equation because the open market sells are replaced by their participation in the PP financing.

They then bought an extra 450k @ 70.2 cents, 450k @ 70.2 cents and 1.050 million @ 78 cents or 1.95 million shares at an average price of 74.4 cents, for a total of $1.45 million.

The question is, what makes GCU shares so enticing to Pinetree that they decided to invest an extra $1.45 million at a 65% premium to what they invested in the PP financing that just closed Sept. 23?

We shall soon find out. GLTA

Bullboard Posts

Canadian artificial intelligence ETFs