Bullboard - Stock Discussion Forum Lundin Gold Inc T.LUG

Alternate Symbol(s): LUGDF

Metals & Mining Gold

Lundin Gold Inc. is a Canada-based mining company. The Company owns the Fruta del Norte gold mine in southeast Ecuador and a large exploration land package that hosts the Fruta del Norte deposit at its northern edge. The deposit is hosted in the La Zarza concession, located in the 38 square kilometers (km2) Suarez Pull-Apart Basin. Fruta del Norte deposit is located within a 150 kilometers (km)... see more

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TSX:LUG - Post Discussion

Lundin Gold Inc > LUG down more than 15%

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Post by Pete1986 on Dec 13, 2022 1:08pm

LUG down more than 15%

While gold is up 2%. What the heck.

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Comment by Beabaggage on Dec 13, 2022 1:26pm

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 ...more

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Comment by Pete1986 on Dec 13, 2022 1:32pm

Analysts have no clue what they are talking about. They change their "price targets" after a share price had a move in a certain direction. So not worth listen to them. I have a major position in TXG. Up almost 100% and today again almost 10% up. Strange trading with LUG since gold price and gold stocks in gernal are all exploding.

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Lundin Gold Inc