Bullboard - Stock Discussion Forum Luca Mining Corp V.LUCA

Alternate Symbol(s): LUCMF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:LUCA - Post Discussion

Luca Mining Corp > 2nd Mine Complete

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Post by Spikearoo1 on Jul 25, 2024 11:14am

2nd Mine Complete

Finally good to see some progress on LUCA getting the construction complete on the Thuehueto mine.
Now if we can start to see some real earnings and cash flow and a plan to grow that does not dilute existing shareholders that would be great.
Hope to see some updates over the next several weeks to see what the plan is. New CEO has a lot on his shoulders to prove to the market.
Also curious to hear what Rick Rule thinks of the new CEO too.

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Comment by 666999 on Jul 26, 2024 3:57am

Got reply from IR, company will start trading on TSX in near term, and maybe on NYSE in future, about diluttion the company will consider raising capital as and when we have high impact/high IRR use of proceeds. Management is keenly focused on dilution given insider ownership, I think it was said no PP in 24, I think that future earnings should be enough for any spendind, drilling etc ...more

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Comment by okgonow on Jul 26, 2024 6:26am

New cEO made a decent buy .....a good start even though I was hoping for a more production based background in our new hire.( Mike struthers type) drop to .55 a buying opertunity I have been adding in the .48-.49 lack of volume last week didn't help we need more eyes on this good news story!

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Luca Mining Corp