RE:LUG down more than 15% well it had run up big, the only news was a power outage in the country affecting some areas due to weather but that has been restored. Last week there was an article on Seeking Alpha claiming fully valued here but that was last week; most analysts have this around $C14 for value, the SA analyst Taylor Dart has it around 15.50.. probably just some profit taking and maybe also a fund is rebalancing.. you have to remember NCM owns 32% the Lundin's 27% so the actual float is not that great and volume would probably move this a lot.
Hopefullly that is all it is.
I did sell some trading shares last week but kept my core as I believe that in addition to FDN and the dividend, debt paydown, there could be more FDN's or strong resources in the leasehold that they are jointly exploring w NCM. Long both NCM and LUG. These are core long term positions for me as well as KRR. Bea