Luna Gold (OTCPK:LGCUF) has had a disappointing start to 2014. While the company released guidance indicating that it would keep production costs down and increase gold production, it announced a two day suspension of its operations in January in order to protect its workers and assets from obstructive protesters. It also announced the resignation of CEO John Blake.
In light of these events coinciding with weakness in the company's share price it occurred to me that Luna Gold could be presenting a solid contrarian opportunity. After all Luna Gold's management has big long term expansion plans for its flagship mine, Aurizona. It also has a track record for finding gold.
Nevertheless with a valuation of $128 million and...
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