Lupaka Gold announces commencement of trading on the Lima Stock Exchange
Lupaka Gold Corp. (“Lupaka Gold” or “the Company”) (TSX:LPK) (BVL: LPK) is pleased to announce its common shares are now listed for trading on the Lima Stock Exchange (Bolsa de Valores de Lima, or “BVL”) in Peru under the symbol “LPK”. Kallpa Securities acted as the Company’s sponsoring broker in the listing process and assisted in obtaining the necessary approvals for the listing.
“Lupaka’s listing on the BVL greatly increases our investor exposure in Peru. As a Peru focussed gold exploration company, it is important to have a market presence in the country, and to qualify for investment from certain Peruvian pension funds and institutions. This listing will provide us with the ability to increase our shareholder base throughout Peru and Latin America, and improve our local public visibility for business development opportunities.” said Eric Edwards President and CEO of Lupaka Gold.
The Company believes that the listing on the BVL will provide an opportunity for Peruvian and Latin American investors to participate in the growth of the Company as it continues to develop and advance its Peruvian projects.
Kallpa Securities is a full service Broker-Dealer based in Lima and through its Corporate Finance and Capital Markets team, provides exposure to the investment community within Peru, as well as being able to evaluate strategic merger and acquisition possibilities with the region.
Peru is among the world’s top producers of gold, silver, zinc, and copper and it has an extensive history of mining and investment in mining. The BVL is one of Latin America’s most important stock exchanges and mining companies constitute a significant component of its market. Additional information (in Spanish) about the BVL may be found atwww.bvl.com.pe.
About the Company
Lupaka Gold is a well-financed, Peru-focused gold explorer with geographic diversification and balance through its interests in asset-based resource projects spread across three regions of Peru.
Lupaka Gold’s flagship project is the Crucero Gold Project, its 5,500 hectare gold property located in southern Peru. The Company, based in Vancouver, Canada, is project operator and holds a 100% indirect interest in the Crucero Gold Project. Since commencing active exploration in April 2010, the Company has reported annual NI 43-101 compliant gold resource estimate increases for the Crucero Gold Project in the first quarter of 2011 and 2012 (see the Company’s most recent technical report on www.sedar.com).
As a result of the Company’s recent acquisition of Andean American, Lupaka Gold’s assets now include the 100% owned Invicta Gold Project (north Peru), which has near-term underground gold and poly-metallic development potential, and a strategic 17% stake in Southern Legacy Minerals Inc., owner of the AntaKori copper-gold deposit located in central Peru.
Does anyone else see gold going vertical? Maybe I am seeing the chart wrong.
In all honesty, unless you turn your monitor sideways, no. Not yet, IMHO. A budget deal will get done, the dollar will maintain itself for another few months. I think there’s too much fundamental pushback from mainstream markets, and technically, several serious resistance levels for a fast move. You did mean up, right? :-}
The current short-term trend could break-out to the upside for a number of reasons, including declining volume on the slow drop over the last few months. But it’s hard to see the general market pushing it up really fast, unless something ‘interesting’ happens.
Good interview on kitco:
http://www.kitco.com/KitcoNewsVideo/index.html?v=13-02-26_David_Harquail_1
This shows how to diversify amongst gold companies in a different way.
The CEO, Harquail, was obviously interviewed a few days ago and show the danger of linear extrapolation. His long term views based on fundamentals are obviously right.
We will see violent fluctuations in gold prices as the huge number of shorts attempt to maintain control over gold price.
It is my personal belief that the banksters will not succeed for ever.
The stock mentioned in the video, like all streamers, is my ides of being a bankster. I own stock in FNV, SLW, SAND, and most of the streaming/royalty companies.
(Harquail was mentored by Pierre Lassonde)
Another interesting post:
http://money.msn.com/bill-fleckenstein/post.aspx?post=f4d293dc-6add-4479-9d94-85d56dd7265d
But it won’t be smooth.
Governments WILL FIGHT to keep price of gold and silver contained.
I’m glad governments will fight to keep gold and silver affordable for the general public. Best to all.
Too funny. Your post cracked me up .
Thanks Ann,
At these prices, it is hard not to buy more physical. Best to all.
Another interviews I had missed a couple of days ago:
http://bullmarketthinking.com/wp-content/uploads/2013/02/2222013mcewen.mp3
CFS,
What is your analysis currently for Franco-Nevada? Thank you.
Casey loves Franco Nevada and I concur. DT
It clearly has resistance around $50.35.
It is mostly a hold right now.
From past experience, and I have owned this share for a long time, if you look at a monthly (not daily) chart on stockcharts.com, it usually is a good time to buy when the price is below the 50 day moving average, and a good time to sell when the RSI is peaking (over 70), but keep the money in your account and re-buy after a drop. The RSI indicates better than distance from MAs for sell signals, the distance from MA(50day) works better for buyin. Have a look at stockcharts to see what I mean.
TA like I say does not give a buy right now, but hold, but I think that is because of dramatic drop in gold price recently. Hope that helps.
Fundamentally, I see no problems on the horizon, except I do expect violent oscillations in the Dow index as it trends upwards because of QE pumping. Ultimately I do expect Dow index to roughly equal gold price in about 5 years.
Yup Gold and Silver are rising from there Depressed Levels…But the stocks are not REACTING AT ALL…so gold and silver are going RIGHT BACK DOWN.
Why, Reo, do you believe share prices drive commodity/money prices ?
Please BACK up your statement with reason/explanation. Thank you.
CFS, it’s been often stated by some commentators that the PM stocks move prior to the bullion moves. I don’t know if that’s true but it’s something I’ve read on a few occasions.
What if the US dollar keeps rising because it is perceived to be the best of the worst, there are some people saying that will make it harder to pay back the debt because the money is worth more and deflation will follow which will be the only way to destroy the debt but deflation is much worse than hyperinflation as it destroys jobs. Any thoughts maybe we should be looking at how this played out in the 1930’s. DT
Howdy Reo, somebody noticed gold going vertical?
The stocks I own follow the PM prices to a “T”. I am looking for that elusive leverage stocks are supposed to have of physical. My gold shares have gone up since the incredible call of Mr.Moriarity. They have done nothing but go up since that day.
The smaller cap the company the more leverage, seems to be how it works.
You could be right it could get smashed yet again, we will see.
But if PM shares are not for you there are other markets, oil has been paying big dividends for awhile, I got an email about 1 on the american market paying 20%
I own gold to preserve wealth, thats it, some shares to give a little interest about and maybe there is such a thing as leverage. Silver is a diferent story.
Is it possible you are looking for somthing from gold that is not there?
I think, with the uncertainty of action from Israel on Iran , a bull spread on the Nymex might be more effective. E.g. But $120 calls and sell $150 calls simultaneously, for Dec 2015. But I’m not sure the time is right yet.
Meanwhile: The pain in Spain,
It does remain.
There is a crisis
because of falling prices.
But will it rock
the world market for stock?
Listen to the latest,
with breath that’s bated:
OK, so I can’t rhyme!
But try you see, this mpthree:
http://www.goldmoney.com/audio/2013-02-25-GMY-AM-E-103.mp3
CFS,
Good enough…ha…thanks for you help/insight with Franco, I will check out SC.
я покопался немного, нашел этот моментFour o’clock in the afternoon. Flies dead on the pmenaevt. Dogs wet mops in their kennels. Shadows herded under trees. Downtown stores shut up and locked. The lake shore empty. The lake full of thousands of people up to their necks in the warm but soothing water. перевод:Четыре часа дня. На мостовой — дохлые мухи. В конурах комьями влажной шерсти — взмокшие собаки. Под деревьями жмутся короткие тени. Магазины в городе закрылись, двери заперты. Берег озера опустел. Тысячи людей забрались по горло в воду — хоть она и теплая, а все таки легче Я бы, наверное, сказал, что в конурах мокрыми тряпками лежат собаки ..хотя с другой стороны собаки то не потеют!
This reportvjust posted on Kitco.
Aurico is the fifth most shorted mining stock on the TSX right now. I don’t know why.
That’s interesting—-if I can remember they’re quite cash rich.
So now the fun & games really start, you can bet the Euro Elite are running about all over the place , with briefcases full of cash to buy politicians with bribes , & future jobs in banking.
They are only just about to begin, you ain’t see nothin’ yet.
Just wait till Germany stops bailing them out and interest rates go double digit.
The London riots and Spanish and Greek riots are going to have looked like peace rallies compared to what will happen on the streets.
There will come a time when Governments cannot find the money to pay social benefits.
omitted above
Not really has changed much for the PMs. Bernanke helped us a little again today. The PM bull market has hit a speed bump again but the recent price action is encouraging. If we bottom here (good odds we will) this year should see us still move wrenchingly higher into the fall and then things could improve from there. The Dow/gold ratio is reversing and hopefully we’ll close below the 200 week MA again in the next few weeks and if we stay there for awhile it should signal this bull is still in power. There’s been some technical damage but the weekly silver chart still is positive from a momentum standpoint. It’s lazily moving slightly down and if we start to move sideways it should start shouting to investors to start to take more positions.
Thanks Doc!
Marc, it’s always interesting to read KWNs but important to realize the truth of our situation is probably somewhere inbetween what is written there and the PM bears. I still get a kick out of reading KWNs since currency signs start to jump in your head—it’s fun reading and dreaming. By the way right now is a good time to buy the metal.
Sure Miles-Franklin is talking their “book”. But, more importantly – he is RIGHT: http://financialsurvivalnetwork.com/2013/02/what-are-the-basic-issues-facing-the-economy-the-dollar-and-gold/
Possible and highly intriguing scenario this author describes for SILVER:http://www.dailyreckoning.com.au/an-old-issue-of-playboy-and-a-ton-of-silver/2013/02/26/Hey, anything is possible in this day and age. ESPECIALLY, with the EAST coming alive more than ever!!!
If you cut the Hey, you’ll get a free issue of Playboy… I promise – not!
The first company to offer dividends in gold or silver
http://goldresourcecorp.com/gold-silver-dividends.php
Check out NOX.
Dan
Like I said…Right Back Down…Gold back under $1600 and Silver back below $29
18) WHAT HAS GONE SO HORRIBLY WRONG WITH GOLD MINING STOCKS ??
Several serious flaws and shortcomings to mining stocks exist. The big hedge funds short them heavily with Wall Street help like credit lines. Other hedge funds short the smaller mining stocks and go long the majors, a spread trade. The majors are working with Wall Street on hedged forward sale programs, a grand collusion. The Goldman Sachs GDX fund shorts the entire group, just to keep them suppressed. The brokerage house Canaccord is involved in naked shorting of mining stocks. After acting as partner to raise cash in a very large number of finance deals for Canadian junior mining firms, they keep selling shares with the collusion of the Alpha Group, far more than they own. The mining firms themselves are in deep trouble, with rising costs, a shortage of engineers, hostile foreign governments, and difficult projects. The mining firms are printing new shares in heavy dilution (like the USGovt on USDollars), which is inflation. Under pressure, the mining firms will soon begin to renege on their covenants, as some will be forced to sell their properties to the banks. Eventually the USGovt and other Western governments might force sale of mining companies for pathetic low prices under law in order to replenish their Gold reserves in the central banks. The recent extreme challenges for the mining firms relates to hostile labor unions and resource nationalism that prompts confiscations. Distress for mining firms will result in continually lower metal output, resulting in supply shortages which favor owners of physical metal, not the mining stocks. The global assault on paper wealth includes mining stocks. The Gold & Silver metal prices have vastly outperformed mining stocks since 2008,
– See more at: http://news.goldseek.com/GoldenJackass/1361998800.php#sthash.hL2fa7Ii.dpuf
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