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Title : Belo Sun (BSX.to) being stalked by CD Capital
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Belo Sun (BSX.to) being stalked by CD Capital

You may remember Belo Sun (BSX.to) as the disaster area company with the Volta Grande project in Brazil and an environmental burden so heavy and community opposition so fierce that even Agnico (AEM) gave up on it recently. So anyway, today was the second time this week that a news report from Brazil has floated past this desk to say that CD Capital is looking to buy the thing in some way, shape or form. 

For what it's worth, CD Capital runs a natural resources fund out of London and is headed up by one Carmel Daniele, an Oz who knows her Brazil (director of Brazil Potash) and her gold mining (she's a director of Lundin Gold). If she feels like joining the long list of people and companies who have flushed money down this particular drain then so be it*.

*Full disclosure: I had a spec trade this one about a year and a half ago, came out level on price (therefore lost a couple of dollars due to commish charges), have never been back. Not planning to again, either.

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