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thanks I have just over 10,000 shares which is my cut off point for holding any stock at this time. SO I have it on hold.
Appreciate the update.
Before drilling, was open in all directions!
Still is.
https://ih.advfn.com/stock-market/AMEX/gold-resource-GORO/stock-news/92025690/gold-resource-corporation-reports-continued-positi
You can't spin something off that is already publicly traded, especially if you only own 9%.
Goro is only losing money while they build access between ore bodies. They still have plenty of cash cushion to make it through the 1st Quarter and their ETA of completion has come down.
Watch as Governments turn on the printers again to solve 2008 problems!
thanks If it becomes profitable maybe GORO will spin it off like they did ftco
but GORO needs to get its earnings back to positive.
thanks If it becomes profitable maybe GORO will spin it off like they did ftco
but GORO needs to get its earnings back to positive.
It's Canadian.
https://investorshub.advfn.com/Maritime-Resources-Corp-MRTMF-31794
Goro already owns ~9% so it's worth keeping eyes on it.
Thanks does look intereestinhg
My problem is I can't find it on Schwab
Thanks does look intereestinhg
My problem is I can't find it on Schwab
thanks I always thought it was small by product. So they are a large Zinc miner
Yeah! It's a majority of what they mine!
Concentrate sales
Gold 7,949 13,850 18,571 28,391 oz.
Silver 6,609 5,146 13,182 11,231 oz.
Copper 2,749 2,708 5,743 6,805 ton.
Lead 2,782 3,768 5,747 7,595 ton.
Zinc 7,928 14,352 17,479 30,669 ton.
Look back at the drill results, some of them hits returned 25% by volume Zinc!
Hole No. 523021: Switchback Vein System
5.85 m with NSR value of $131/t @ 0.05 g/t Au, 99.16 g/t Ag, 0.38% Cu, 1.07% Pb, 4.35% Zn
Includes: 0.64 m with NSR value of $757/t @ 0.11 g/t Au, 539 g/t Ag, 1.75% Cu, 7.6% Pb, 26.8% Zn
I wasn't aware GORO had zink
$Zinc long term uptrend intact!
https://tradingeconomics.com/commodity/zinc
How to make a quantum tunnel with lead and copper!
https://arxiv.org/ftp/arxiv/papers/2307/2307.12037.pdf
July 6 the company commented on the surge in vol. almost every day since the vol has exceeded the avg. Is this company ripe for a take over? Has good assets earnngs dropped had been paying a div.
Probably make more buying the entire thing and then selling it in 10 years!
Upside risk warning!
https://ih.advfn.com/stock-market/AMEX/gold-resource-GORO/stock-news/91335738/gold-resource-corporation-provides-an-update-on-po
She be pregnant again!
No doubt about it. I've been swinging this puppy. A little here and a little there.
Green is green.
Cheers.
You can bank MORE trading it than collecting their .01 c divy
Might come in handy when GORO restarts their divi. Mabey sometime next year?
To enroll in a DRIP for a new position, log in to your account at schwab.com. Go to the Trade tab at the top. Then, select Stocks & ETFs. Below, you'll place an order.
thank you eom
thanks does look ,like they have moved throgh the PM veins and are entering some of zink
Increasing Zinc content with depth continues to be confirmed!
Might consider a name change to Zinc resource!
https://ih.advfn.com/stock-market/AMEX/gold-resource-GORO/stock-news/90369307/gold-resource-corporation-reports-positive-drill-r
Increasing Zinc content with depth continues to be confirmed!
Might consider a name change to Zinc resource!
https://ih.advfn.com/stock-market/AMEX/gold-resource-GORO/stock-news/90369307/gold-resource-corporation-reports-positive-drill-r
all the PM's should runup as the major markets are now in Bears.
like the Div was glad to get the spin off FTCO
Lowjack,
What I see is holding on to shares that are stuck in a trading range of $1,50 to $1.70 and a 4 cent annual dividend. I continue to look for spikes in GORO prices where I can off load this loser. I took the cash and moved it into better moving gold stocks like BTG and KGC which have better dividends.
Do you see the problem with selling shares near the lows?
To All who have TD Ameritrade accounts: WARNING
When Schwab takes over your TDA accounts, some, if not all, of your current DRIP stocks will NO LONGER BE DRIP accounts. GORO is one of those stocks. FTCO, BTG and KGC and others that I sure exist are affected. Schwab has no plans to change their position on these stocks.
is this finally going to catch up to it's peers(?)
Updates.
https://maritimeresourcescorp.com/news-releases/2022/maritime-commences-step-out-exploration-drill-program-at-hammerdown/
Need to get this share purchase disclosure discrepancy cleared up soon!
https://maritimeresourcescorp.com/news-releases/2022/maritime-announces-completion-of-3-700-000-non-brokered-private-placement/
pg 19
https://fintel.io/doc/sec-gold-resource-corp-1160791-10q-2022-november-01-19297-1445
Being one of lowest cost producers in the industry, they will incur less profit sharing expense if they make less money from the sale of Zinc, which is what really pays the bills around here!
If they were in trouble, I seriously doubt Allen would be making asset purchases! Also keep an eye on Peso exchange rate, I hear rumors of a devaluation coming.
BTG reported it sold over 200K+ ounces of gold at an average price of $1711. That should be about what GORO got for 9000 ounces. That would amount to a $15 million+ sales plus sales of silver, lead, zinc, and copper. All those metal prices are also way down too. Given GORO has many extra high expenses for employee profit share, much higher taxes and higher operating costs. I am worried the quarterly results will send this stock 10%+ lower. I have reduced my share exposure by 30% over the past weeks and may reduce more on another uptick. At a 2.5% annual dividend yield, the risk of further decline is too high.
Yes, they produce less when the price falls compared to when they produced more during high prices. I wonder if they purchased something with the price that low.
Look out below!!!!
GORO reported gold output at 8,042 ounces which is way below 1st and 2nd quarters. With the price of gold down over 20% this year. The financials will be interesting,
Here be the technical report for the Hammerdown Project.
https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00026876&issuerType=03&projectNo=03444165&docId=5290476
thanks eom
thanks I will put this on a watch list
I think it does.
https://investorshub.advfn.com/MRTMF-Maritime-Resources-Corp.-MRTMF-31794 If you need size, contact the company or email Rick Rule directly.
Part 1 of confirmation of original news article. Part 2 will be GORO confirmation which may not come until the transaction is approved by TSX. Lockup period is 4 months from transaction date of 09-22-22. So end of January. Need permits + additional good drill results. I'm thinking there is a target 2027 plan that is being executed. I've seen multiple moves in that geographic location. Keep your eyes on OR over then next few quarters.
https://maritimeresourcescorp.com/news-releases/2022/maritime-announces-completion-of-3-700-000-non-brokered-private-placement/
It's MRTMF on the Pink Sheets. Currently $0.0363.
Dino
I need it to trade on a US exchange