Lumina Copper Corp LCPRF

RE: recent trading

[Helios]

Hi,

All you really have to do is read the previous posts between myself and The Dave.  LCC has over 8.7 billion pounds of copper and loads of gold and silver in the ground. They have a 43-101 to confirm all this. LCC management are smart and didn't start any drilling until this year when all commodity prices started to take off.

Just based on average commodity prices this stock should be around $3 or so. What is strange is that this stock took off on NO drill results which is unusual.

Their press release said that the drill program would last starting in May from 4-6 months which puts us to November. I believe that results have leaked out and buyers are buying.

There is no way a stock could move from $1 to $4.60 based on speculation and day time traders. There is not enough volume and plenty of other resource companies to go around.

Having said that, anytime at stock makes that kind of a move of course you are going to see profit taking. Huge profit taking for that matter. This stock needs to consolidate around here between $3.50 to $3.80 before moving higher.

We are all waiting for drill results and when announced and positive then we'll see a $5 plus share price. If the drill results are average then maybe a driftdown down to $2.50 based on valuation but my money is on good results and a buyout around $7-$9.

Good luck,
Helios