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Bullboard - Stock Discussion Forum 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... see more

OTCPK:LGCUD - Post Discussion

Luna Gold > Good spike with some volume ?
View:
Post by Tritoon on Mar 14, 2014 12:43pm

Good spike with some volume ?

Why the spike ? Someone read something ? Gold nicely up last couple of days, but this stock was not moving....so why now ?

thx
Comment by mork10 on Mar 14, 2014 1:11pm
the YE finantial results are due next week, somebody must be filtering information ahead of time (positive based on volume and spike). It's the most logical explanation.
Comment by mork10 on Mar 19, 2014 10:50am
I guess we'll find out tonight if there are some substancial positive news in the finantial results or wether this last spike in price and volumes was another typical "pump and dump" action or putting it more mildly "buy on rumors, sell on news".
Comment by mork10 on Mar 24, 2014 12:50pm
looks like it was a typical "buy on rumors, sell on news" reaction but it would be interesting to find out who was spreading the rumors ahead of time to figure out whether it was also a case of "pump and dump". in any case, this is typical of most mining junior companies and the only guys making any money these days are the directors and the top executives. To be fair, the ...more  
Luna Gold
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