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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 > ouch.
View:
Post by Nosleep on Oct 10, 2014 11:26am

ouch.

been watching this for a long long time. Nasty sell off today. Nasty all in cash costs i guess taking their toll. Not sure if this is a buying opp or not, think i'll watch from the sidelines for now. Market seems a bit worried about yesterday's NR, though volume is pretty low to bring it down this much, no bidding i suppose to keep it up. Hate to see this happen to anyone, good luck folks!



Nosleep
Comment by davgro on Oct 10, 2014 11:30am
I am sure some savy traders used yesterday's news release to trigger stop losses.  That could easily explain the rapid share price drop on low volume.
Luna Gold
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