They said it last Friday and the stock move higher. Well, if some is good, then more is better, so Euro Sun Mining, Inc. (TSX:ESM) repeated their press release from Friday on Monday morning.
Literally, it was the same PR only with the title prefaced with one new word and a piece of punctuation reading, "REPEAT:".
It worked. Shares of ESM, which had galloped ahead 27.8% on Friday to close at 92 cents, are up and running again Monday morning.
Shares gapped to open at 97 cents and sprinted as high as $1.25 before cooling back to $1.11 about 12:45 PM EDT, for gain on the day of 20.7%.
The stock has been catalyzed on a public meeting scheduled for June 19 from 11:00 - 14:00 local time hosted by Romania's National Agency for Mineral Resources to discuss the draft Government decision approving the mining license of the Company's Rovina Valley Project.
Euro Sun discovered and advanced the Rovina Valley gold and copper project from merely a prospecting permit to now an exploitation permit. The company is seeking to complete the formal approval process of a mining license for Rovina. The project is in west-central Romania, the area hosting the second biggest gold deposit in Europe.
Euro Sun has tested metal recovery rates from Rovina mineralization with success through utilization of a new, proprietary technology to recover gold and copper without using any cyanide that is common in the industry today.
