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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Bullboard Posts
Comment by RayTeeon Dec 09, 2016 12:58pm
239 Views
Post# 25577093

RE:RE:stock action

RE:RE:stock actionI dont know about that.

but I do think that lots of people are waiting for things to happen.  As it looks like things wont happen here for at least 2-3 months I think some people are parking their money elsewhere.

This especially applies to people who like short term investments. (and there are a lot of them out there)

as there is no action happening, the price of the stock is largely news driven.

you need high volumes for the daytraders to want to play the stock, so technical analysis isnt as reliable as you would like.

As such, interest has died down a bit and the share price has slipped.   

it has slipped more than I was expecting, but that happens sometimes.   It still wasnt a huge surprise.

long term I think things will be fine.  It looks like the right people will be elected (or re elected) in Romania, so it's just a matter of working the Bureaucracy.

I wouldnt be surprised if we have news in late Feb or Early march.

In the meantime, I'm also expecting a modified plan for the site with new PEA.   I dont know if it is realistic to expect that to come in the next couple of months, but I do think one is coming.

Bullboard Posts