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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Belo Sun Mining Corp. is a Canada-based development and mineral exploration mining company. The Company is advancing Brazil's undeveloped gold deposit at the Volta Grande Project in Para State. The Volta Grande Project is situated in the Tres Palmeiras greenstone belt in Para State, Brazil. Although the project's mining license covers 2400 hectares (24 square kilometers), the actual area dedicated to the mining operation is much smaller, encompassing only about 10 square kilometers. The Volta Grande Gold Project is accessible by both road and river. Altamira is a major regional center with a population of 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The Volta Grande Project's mineral resources are divided into two areas: the North Block and the South Block. The North Block comprises four zones: Ouro Verde, Junction, Grota Seca, and Greia. The South Block is situated approximately 10 kilometers to the south-east.


TSX:BSX - Post by User

Comment by GoodMonkeyon Dec 08, 2022 10:14pm
109 Views
Post# 35160878

RE:RE:RE:RE:$8,420,787

RE:RE:RE:RE:$8,420,787institutions own millions of shares, there is no way they can sell now as there isn't enough demand to support this kind of volume.  They would have to find another firm who is willing to buy from them. 

If they were gonna sell at market price the share price would collapse to zero. So basically they are fuucked. 
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