Gold Resource Corp (GORO)

[Neverhadawinner]

GORO2000

I agree the incorporation documents and state laws makes a hostile takeover of GORO very unlikely.

However, I do not feel GORO is at the top of the list of M&A prospects. It is my opinion GORO wants to become a mid tier gold producer (around 500,000 ounces per year) and then use M&A to grow the company.

The $75 million off the shelf stock sale has been established for future mine expansion in Nevada. The company really hurt themselves by financing most of the latest Mexico and Nevada projects using cash flow. Where we consider it a cost saving exercise (no debt or interest), the market saw it as a weakness that affected our cash on hand and our dividend payout policy.

The company has now seen the light and will finance future mine development using new capital. This in turn will create more private long term stockholders. With over 40% of the currently issued stock in institutional hands, there are not enough private long term investors to stop these wild 15-20 cent daily swings caused by day traders and short sellers. More daily volume created by a larger private long term investors base will decrease the "day trader/short seller environment."

Just my opinion