Luca Mining Corp V.LUCA

video interview

[eric_a_su]

[diggin78]

   Don't you just love the part when he talks about Luca as if it's just some options trading vehicle where you can take some easy profits, knowing that you can always exercise those cheap warrants he's given you at a huge discount to recoup any lost upside from selling your shares?  As if to say, "It's just how we do business in the junior mining sector, folks.

[okgonow]

all I know at this point is that Luca is set to produce between  40 to 50 k oz of gold equivalent in H2 with an AISC of $1600 we are looking at an average of about $850 to $950 per oz clear in the bank at current POG  so that's $34 mill US to $47.5 mill US going into the bank by the end of the year 

[okgonow]

  with most producing miners having a multiple of 4-6x cash flow just on what we are expected to make in H2 is far higher then where we are trading right now. yes this BS money raise at $.45 was A kick in the teeth for us LTSH but the numbers don't lie or change the fact we are undervalued  if we would have been trading at real value between $.80 to $1 over the last Q the

[diggin78]

Luca is still my largest mining position, and will stay that way for quite a while, as long as Barnholden proves he can actually run a minig company, rather than managing its share price for short term gains. We'll see. I'm still hopeful (60%), yet frustrated (40%).

[go_for_broke]

I bought another 40k shares yesterday. Now we wait.......

[666999]

M&A at $1, is this a joke, drilling is not necessary, cheap shares for friends....is this how is company managed, I will not buy any more shares, as upside is limited, hope Im wrong, but drilling will bring no value, M&A same, if you invest 1 M $, and share price goes up 30%, then you are happy, especially if you work at company and get fat salary...

[diggin78]

Yeah, he's already talking about M & A! Someone needs to take the keys away from this kid before he runs the wagon into the ditch. He's too excited about those millions dancing around in his head to be focused on the day to day business required to make Luca successful. 

[okgonow]

  where did  he say drilling to expand resources is not necessary??? I think he said drilling to expand resources from current is most critical then getting permits to drill on rest of property's to expand resource and increasing mine life then increase capacity certainly at Taluetto to ramp up to 200k ounces per year. But totally agree on the money raising at $1 BS for M&

[okgonow]

And as far as his expertise in the financial world is concerned instead of his BS money raises at cheap prices he should get institutional investors interested at .$50 to $1 and have them buy on the open market  NO MORE GIFTS to his buddies!!!!!!!!