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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 > NR - Retirement of John Blake, Appointment of new CEO
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Comment by mork10on Mar 28, 2014 7:44am
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Post# 22380052

RE:RE:RE:RE:NR - Retirement of John Blake, Appointment of new CEO

RE:RE:RE:RE:NR - Retirement of John Blake, Appointment of new CEOI agree with the "bloated" Board/HQ sitting confortably in Vancouver and no Brazil experience at the corporate level (a surprising disconnect) but who's to blame for that and the CEOs turnovers (3rd in 3-4 years? Isn't Luis Baertl calling the shots at the top? If he's not he should! They did miss their moment with all the mistakes at the beginning and now there is no way the sp is ever going back anywhere close to $4 unless the price of gold goes back up to the $1800 level. At current gold price they are not generating any positive cash flow which means that the phase II plant expansion to 200.000 or 300.000 oz/year will have to be financed with a huge share dillution or the sale of the Luna Greenfields concessions!! Anybody with a more positive insight and outlook please comment!  
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