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I could really get used to this. How about three in a row of nice volume to the upside. I know it won't happen every day, but I am enjoying it.
This stock is moving strong.
Hoooorah!
OK
I'm good.
I didn't want to jinx us like I did the last time. lol
Great day.
Quietly cheering here. : )
Unfortunately, no reflection on the price. Must have been pre-arranged trading or something.
Whoa. Did the volume just jump, or what?
OK. I guess I'm the only one who cares...but it is nice to see the buying back here again.
AH trade 20500 at $3.5712 at 16:02:57.
That's unusual.
It's not showing up on my time and sales report, I just happened to see it on my ticker.
Gold Resource Corporation Returns Additional High-Grade Surface Samples From Its Las Margaritas Property
Monday June 25, 6:00 am ET
DENVER, June 25 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News; FRANKFURT: GIH - News) announces continued high-grade rock chip surface samples, up to 3120 g/t silver (100.31 ounces/tonne Ag), from Las Margaritas in Oaxaca, Mexico where GRC has 100% interest in the property.
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Recent highlights from the Las Margaritas surface sampling program include samples of 3120 g/t Ag with 1.1 g/t Au, 907 g/t Ag with 0.5 g/t Au and 299 g/t Ag with 0.26 g/t Au.
William Reid, President of Gold Resource Corporation stated, "The recent surface sample of 3120 g/t Ag is very impressive. We continue to develop Las Margaritas drill targets and we look forward to being the first to drill this exciting and historical high-grade silver district".
Gold Resource Corporation has recently been given approval for exploration from the local Ejidos (agrarian community) for GRC's Las Margaritas and El Rey properties. GRC can now move forward with road and drill pad construction on the properties as warranted.
The Las Margaritas high-grade silver property comprises the four northwest kilometers of the important N 70 W structural corridor, which is an extension of GRC's El Aguila system. A historic 1905 Mexican Government authorized report titled The Mines of Mexico described the Las Margaritas mining district as, " ... the place in which has been found some of the richest ores in Mexico."
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company owns 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-KSB and Form SB-2 filed with the Securities and Exchange Commission.
Contacts:
Jason Reid, Corp. Development Andrew J. Barwicki
Gold Resource Corporation Investor Relations
303-320-7708 516-662-9461
--------------------------------------------------------------------------------
Source: Gold Resource Corporation
I like the continuation of volume here, and at higher prices.
I feel almost certain this will base above $4 soon.
Well, you were closer than I was. lol
Good day. Hopefully we will see a continuation for awhile here, and get that financing news soon.
Either way, I for one am gonna be here.
Have a nice vacation.
Nice volume. We may see $4+ today.
I think the float is just about bought up now. It wouldn't take much to see this go to $5+.
News dependent of course. If it goes up big on no news, then you know something is in the works.
Yes. Looking very solid right now.
This is probably going to be one of those stories where one day...poof!, the stock is up 100% over a couple of days, and everyone suddenly takes notice.
My little golden volcano, awaiting to erupt!
Wow. I am definitely going to hold my shares tight for a long while.
Thanks for your posts.
It would seem to me that the financing news should come pretty soon based on what I have read. If it is as favorable as you, and others suggest, I think that would do a lot to drive the price even higher over the near term, or whenever it happens.
Apparently you are not the only one adding right now. Pretty good volume so far.
Definitely looks like a lot of upside here. Multiples to be sure.
I didn't know that. Thanks. I am very excited about the future here.
lol. I am certainly no expert, but it looks to me like everywhere they drill, they are coming up gold, and silver.
I expect we will be looking for some financing news here before long.
This could be a $20+ stock in the next year or so if they don't dilute too much.
I thought it was clear:
"Other areas include drilling the intersection of the El Aire vein with our main N70W possible feeder structure where we have several new intersections over 4 to 7 meters with our best intercept at a shallow 9 meters of depth running a gold equivalent value of 27.99 g/t (or 0.90 oz/tonne AuEq*) over 1 meter (Hole 7023, 90 deg, at 9 meters, 1 meter of 1.30 g/t gold, 1130.00 g/t silver, 1.39% lead and 0.68% zinc). We are determining whether this area could be another open pit or reflects the surface expression of a vein system," continued Mr. Reid.
It looks really good to me.
Press Release Source: Gold Resource Corporation
Progress Update at Gold Resource Corporation's El Aguila Project; Continued El Aire High-Grade Vein Intercepts
Wednesday June 20, 6:00 am ET
DENVER, June 20 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) is moving forward on all fronts at its El Aguila Project in the southern state of Oaxaca, Mexico, targeting gold production mid-2008. Continued high-grade drill intercepts, acquisition of long lead time items, local approval of the new road to the El Aguila mill site, and design detail of the mill incorporating optimization of the flow sheet are only a few of the many actions keeping GRC on target as an emerging gold producer.
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William Reid, President of Gold Resource Corporation stated, "The El Aguila Project exploration continues to return exciting drill results underscoring our belief in a very robust, high-grade system. One of our focus areas is the El Aire vein system where we are following it both along strike and with depth. The vein width appears to vary between 1 and 4 meters and we recently intercepted our best value so far in this vein system with a gold equivalent 35.77 g/t (or 1.15 oz/tonne AuEq*) over 1 meter (Hole 7036, 72 deg, at 82 meters, 1 meter of 11.85 g/t gold, 315.00 g/t silver, 9.55% lead and 5.09% zinc). The actual gold value is impressive and at 80 meters, which is our deepest intercept yet, may indicate increasing gold values with depth. Drilling will continue to expand and define this high-grade vein system."
"Other areas include drilling the intersection of the El Aire vein with our main N70W possible feeder structure where we have several new intersections over 4 to 7 meters with our best intercept at a shallow 9 meters of depth running a gold equivalent value of 27.99 g/t (or 0.90 oz/tonne AuEq*) over 1 meter (Hole 7023, 90 deg, at 9 meters, 1 meter of 1.30 g/t gold, 1130.00 g/t silver, 1.39% lead and 0.68% zinc). We are determining whether this area could be another open pit or reflects the surface expression of a vein system," continued Mr. Reid.
"Another very exciting area is Andesite Hill, halfway between our El Aguila open pit deposit and the El Aire vein system, where original surface samples were up to 3,000 g/tonne silver. Our drilling has encountered significant structural preparation over 20 to 30 meter zones containing abundant upper-level pathfinder minerals. This vein area is being drilled to depth," stated Mr. Reid.
"As we have previously stated, based on our Scoping Study with estimated cash costs to produce an ounce of gold at +/- $100 per ounce, the capital payback for the El Aguila project is estimated at six months and therefore we feel comfortable placing this project into production with an initial three year life and that remains our focus," stated Mr. Reid. GRC is targeting 70,000 ounces of gold the first full year of operation, 90,000 ounces the second year and 100,000 ounces the third year of gold (or gold equivalent).
Gold Resource has recently purchased one of the longer lead time items with the acquisition of a used 1070hp Allis Chalmers ball mill which is now being reconditioned. This acquisition has enabled GRC to avoid the extended lead time necessary for purchasing a new ball mill. GRC is pleased it has also recently been given approval from the local Ejido (agrarian community) for GRC's construction of the new 4 kilometer project road which is now in the process of being put out to bid.
Recent metallurgical confirmation and optimization tests have been very positive which should result in several operating cost reductions. By applying a very simple pre-aeration step, cyanide consumption (generally the largest reagent cost) may be reduced by 2/3rds from the 1.6 kg/tonne used in our Scoping Study economics to 0.5 kg/tonne and the leach time reduced from 72 hours to 60 hours. These changes have been incorporated into the detailed mill design for significant cost savings.
Project permitting, detailed mill design, infrastructure and design/procurement of GRC's onsite housing and office facilities are among the many activities aggressively being pursued.
Mr. Reid concluded, "Gold Resource remains focused on its first three years of production. It is our belief that by attaining gold production and cash flow at the earliest possible date, we can build Gold Resource for the benefit of the shareholders with the least dilution possible. The El Aguila Project's upside potential is as exciting geologically as most any exploration play today while successful production will mitigate the downside risk inherent in exploration. Gold Resource Corporation is moving forward on all fronts as an emerging gold producer".
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company owns 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at http://www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-KSB and Form SB-2 filed with the Securities and Exchange Commission.
Contacts:
Jason Reid, Corp. Development Andrew J. Barwicki
Gold Resource Corporation Investor Relations
303-320-7708 516-662-9461
That's where I came up with 350-400 million OS. However, there really is no limit if they don't start bringing home the bacon.
That's why their cash flow positive announcement for this year is so important. They need to update us with a lot more than a $100k sale with Lowe's.
This is not going to run until investors have confidence that this is going to be earning millions.
Looks like he may be finished with last weeks dilution now. DOMS is completely off the ask now.
925,000 bought at $.0088. Interesting.
Well, bids appear to be stacking, and someone is steadily buying at the ASK at $.0086.
May see a move back over $.01 soon.
Yes. It is up to management. So, if they are shooting us straight, there are going to be some very large orders coming in soon.
$3.7 million this year, and cash flow positive. I am ready and waiting.
Looks like it wants to go up this morning. Bid $.009 X $.0095.
I would love to see this bounce back over $.01 and stay there.
I would love it even more to see a big announcement and see this run over $.03.
Not holding my breath, but I am holding my shares.
The kicker to all of this is an announcement of some very large orders. If they get that, it would be a sea change, and could propel this stock solidly upwards.
However, I am not deluded as to what could happen here as the other posts here point out. The dilution going on is not a good thing, but is tolerable to some extent if they are using it wisely.
If they were serious with their revenue projects given just a short while ago, then I would expect some major announcements here soon. They will have to have them very soon to yield $3.7 million in revenue this fiscal year, and be cash flow positive.
So I am hopeful....but cautious. For them to make those kind of revenue projections, they are either complete BS, or they believe they have some major accounts (U.S. military?) that will generate millions annually and grow for years to come. I am inclined to believe the latter.
We shall see. I sort of think that they would wait to have their filings done before making any big announcements. So they announced their revenue projections in April, and here we are at the end of may. I think some big announcements are imminent.
I just think that at these prices, it's worth having a few chips on the table. If we get a big announcement, this could go to $.03+ very quickly. Flipping is a good strategy as well...but you might flip yourself out of some really big gains if you don't keep at least some core holdings.
If they are not BSing about 08, 09...then $.10+ is likely down the road if things pan out. The problem is, with all stocks, you just never can tell.
FWIW
The way I understand the CD, is that basically the company calls up the financier and requests money. The financier gives over the money, and gets the equivalent $ amount loaned for shares at a 25% discount.
What usually happens is that the financier, has the means through offshore hedge funds, to short the stock, to cover their bets either way.
Everyone knows about the dilution, and that it is likely to continue to 350-400 million shares OS. But the kicker is their revenue projections:
"Cyberlux estimates total consolidated revenue for the fiscal year 2007 is $3.7 million, for the fiscal year 2008 is $8.0 million, and for fiscal year 2009 is $14.0 million. The Company estimates that it will be cash flow positive when a $3.0 million per year revenue run rate is achieved."
If this is even close to true, it should mean the end of dilution here very soon, and I believe this can be a $.10+ stock with the right announcements.
This is a great time to add shares for the long term at sub-penny prices. That's what I am doing.
""Cyberlux is in a strong position to capitalize on the technology transition occurring in the lighting industry, given our present and future government business, our technology licensing and the general direction of the lighting industry in which we continue to forge a position of leadership. Publishing these estimates now can give investors a much clearer picture of our emerging company."
Note the reference to government business. With 75% energy savings alone, and the contracts they've already won, this is shaping up to see huge orders for their products from the military, and government agencies in general.
Don't forget to remember our troops, vets, and those who died to keep us free.
See ya'll next week. Remember to honor our vets and service people this weekend.
Yep. I will be heading out early myself. We'll get em next week. Unless something dramatically changes, this won't be doing anything much today.
Analyze. I appreciate your enthusiasm, but I don't think that sort of pumping helps anything.
It would take some serious news for this to be at $.12. I think we will get back to trading in the $.02-$.03 range soon, and see what develops from there.
I am actually expecting a stronger rally today than that in anticipation of next week.
I know it us unlikely because of the holiday weekend, but the e is gone, and I suspect next week will be very good for CYBL.
What makes this stock so interesting to me is the continuous expansion of sales through major nationwide stores, as well as National Guard, and the U.S. military.
It tells me clearly that they have a product that is legit, and the upside here is almost unlimited.
We are just at the starting gates now. Everything that has happened in the past has built to this point where I believe sales are really going to start ramping up. It is a good time to buy and hold for the long term.
Not a bad point t bone.
It won't matter if it does on such low volume. It's just one of those days.
Good news is that there doesn't seem to be any significant selling.
CYBLE one of the few green stocks out there today.
CYBLE is no longer listed on the delinquent list. E gone tomorrow looks like.
CYBLE will likely continue its run soon.
I think the E will be removed tomorrow. "In hearing process" according to the otcbb delinquency list. Yesterday it was listed as "pending", so it's under review now.