Gold Resource Corp (GORO)

[stock_peeker]

IMHO, Permit delays are not the concern of GORO mgt, because getting the site constructed and ready to go has taken longer than they expected. They have been deliberate and steady, but it has just taken longer than expected. Having the permit out there keeps the HEAT off of GORO mgt. Mgt prefers that their public stockholders are frustrated with the "slow, inefficient and untrustworthy Mexican gov't" rather than with GORO mgt.

Just think ... if the permit had been approved in the past, wouldn't there be lots of calls to GORO headquarters asking, "What is the latest and greatest reason for all the delays?"

Just my opinion, but I'd say they won't have a problem starting the operation AFTER the construction and equipment installations are complete, and I think the permit will precede GORO's being ready to go with the mill and heavy equipment.

It will take getting operations underway and a PR campaign to get stock price headed higher, but since the stock is so heavily owned by institutional and insiders, GORO's excellent management team will continue to be very deliberate with all their actions. I don't think Hothschild wants the stock price to take off too quickly, because they have the option to buy up to 40% of the company in the public market AFTER some particular point in time (I think they can start buying in public market in about 1.5 yrs if my memory serves me right).

I think this company has lots of good news and a much higher stock price ahead, but we public stockholders really have little control here.

'peeker