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Luna Gold LGCUD

Metals & Mining Gold Industrial Metals & Minerals
Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The


OTCPK:LGCUD - Post by User

Luna Gold > Good spike with some volume ?
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Comment by mork10on Mar 24, 2014 12:50pm
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Post# 22359557

RE:RE:RE:Good spike with some volume ?

RE:RE:RE:Good spike with some volume ?looks like it was a typical "buy on rumors, sell on news" reaction but it would be interesting to find out who was spreading the rumors ahead of time to figure out whether it was also a case of "pump and dump". in any case, this is typical of most mining junior companies and the only guys making any money these days are the directors and the top executives. To be fair, the price of gold of course has had a serious impact on the financial results and they are making strides in reducing their production costs. Have you noticed though that for  a while now there is no more reference to "Luna Greenfields"? I know they've stopped their exploration program there but I still find it odd since it was supposed to harbor such great potential for multi-million reserves.  
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