Gold Resource Corp (GORO)

[Neverhadawinner]

To All,

Did anyone notice the nice sweet heart deal the current leadership of Fortitude Gold Corporation gave to a "private investor" for 500,000 shares of its (still unlisted) stock. I guess this helps explain why the stock has not been assigned or listed on any exchange.

Given GORO used $3.42 to establish a "fee value" for the stock and the stock dividend rate was 3.5 GORO shares for one Fortitude Gold share, I guess one dollar is a "fair" price.

However, the company has over $0.50 a share in cash given the $10 million GORO gave to Fortitude. The Mine properties, mine equipment (leach pads, ADR plant, stock plies) and Mine permits are only worth $0.50?

And the WEB site is only a place holder!

Something Smells here!!!!!!