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Wednesday, November 04, 2009 11:19:14 AM
My understanding of what to expect near term:
GORO will get operations at the mill up and running thru floatation cells and truck the concentrate to ports first to get strong cash flow in a hurry. Optimization efforts should result in concentrate shipments before yearend. Achieving the positive cashflow ASAP reduces likelihood of further discounted stock sales to Hochschild.
Agitated leach process will come later (working with cyanide will take extensive training) so pouring their own gold dore will probably happen after the first of the year.
My understanding about further stock sales to Hochschild:
Hochschild currently owns 24% and they can buy on open market. If GORO decides they need more cash, then Hochschild will be given the right of first refusal to buy more shares at discount to 30day avg price.
'peeker
ps> Great company!!! Great investment!!! Low Risk!!!
Recent GORO News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 09:00:10 PM
- Gold Resource Corporation Reports Financial Results for the Second Quarter of 2024 • Business Wire • 08/06/2024 09:42:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:45:52 PM
- Gold Resource Corporation Announces Q2 2024 Conference Call • Business Wire • 07/30/2024 01:43:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/20/2024 03:07:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 07:21:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 07:19:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 07:16:38 PM
- Gold Resource Corporation Reports Financial Results for the First Quarter 2024 • Business Wire • 05/02/2024 11:00:00 PM
- Gold Resource Corporation Will Reschedule Release of Its First Quarter 2024 Results • Business Wire • 04/30/2024 12:16:00 AM
- Gold Resource Corporation Announces Preliminary First Quarter Production Results • Business Wire • 04/16/2024 01:02:00 AM
- Gold Resource Corporation Reports Results of Operations for the Year Ended December 31, 2023 • Business Wire • 03/13/2024 08:59:00 PM
- Gold Resource Corporation Announces Preliminary Fourth Quarter and Year-End Results • Business Wire • 01/30/2024 05:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 10:46:55 PM
- Gold Resource Corporation Reports High Grade Drill Results at the Don David Gold Mine • Business Wire • 12/11/2023 11:37:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 02:42:24 AM
- Gold Resource Corporation Reports Third Quarter Operational Results and Announces the Initiation of a Review to Evaluate Strategic Alternatives • Business Wire • 11/07/2023 02:22:00 AM
- Gold Resource Corporation Will Reschedule Release of Its Third Quarter 2023 Results • Business Wire • 11/03/2023 01:48:00 AM
- Gold Resource Corporation Reports the Filing of a SK1300 Initial Assessment for the Back Forty Project • Business Wire • 10/26/2023 10:31:00 PM
- Gold Resource Corporation Announces Q3 2023 Conference Call • Business Wire • 10/23/2023 07:35:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 10:01:30 AM
- Gold Resource Corporation Announces Preliminary Third Quarter Results • Business Wire • 10/16/2023 10:34:00 PM
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