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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a diversified Canadian mining company with two 100%-owned producing mines in Mexico. It produces gold, silver, zinc, copper and lead from these mines that each have considerable development and resource upside. Its operations include Tahuehueto and Campo Morado. Tahuehueto project is in the northwest portion of the state of Durango, about 250 kilometers (km) northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, notable for the Tayoltita silver and gold mine. Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. It produces copper-zinc-lead concentrates with precious metals credits.


TSXV:LUCA - Post by User

Comment by StanOson Dec 25, 2022 7:34pm
227 Views
Post# 35191725

RE:RE:RE:RE:NEW MANAGEMENT

RE:RE:RE:RE:NEW MANAGEMENT
Looking at the financial statements and MD&A, Candelaria went into playing dead mode hiding from reality. I do not buy it is a problem with the market, but rather what the company is offering the market something akin to roadkill rather than pushing a very possitive storey. Following the crash in 2008, the companies rebounded by fighting to show the world they had something to show worth investing in. Hiding durring a downturn simply gives oportunity for highly discounted takeover as the stockprice falls and there is nothing to keep the market interested.

This is why I am concerned with Altaley. Part-time C-suite occupants who are playing active managerial roles does not build my confidence. When a good company with great projects is facing opperational problems and the management team is populated by people who are not there 20% of the time, it is time to rethink what the company's future prossibilities are.

I think opperations needs a fresh shot of confident management, someone who has been successful recently and will take a FULL TIME active role.

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