I've heard excuses about everything from needing more exploration results (which is bullshit in any immediate sense, because it's production that is the primary driver of quarterly pricing. Responsible guidance can deal with "exploration woes" IF and when the time comes.
Then there's the Zinc circuit. Remember when the zinc circuit was the reason for the limp performance when zinc as well as gold silver, copper and lead were all hitting historic high prices?
I was told I had options. If I'm unhappy, I can always sell my GORO.
That, or I can vote to change management, which routinely gets approved by numbers far exceeding individual shareholder proportions.
I have another more likely scenario. GORO is gonna get sold.
I've seen this before. The share price is artificially suppressed for a period of 6 months or a year (depending on the terms of the deal).
They then make this big meat beating announcement about a 30 or 40% "premium" (oooow) to the average share price of the last 12 months, again depending on the terms of the deal.
Usually that "PREMIUM" is way less than it would gave been if they'd just left it to hell alone.
I have the feeling we are getting played for suckers
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