Gold Resource Corp (GORO)

[stock_peeker]

Hochschild control of GORO doesn't really hurt; only real point is that Hoch' gets the advantage over any other potential buyers by holding a controlling interest in GORO. Hoch' may just hang on and collect the dividends or they may just buy the majority stake whenever they are allowed to do so, then eventually do a buyout offer (once they control over 51%, any other potential buyers would not bother putting in an offer).

Hoch' has stated in past that by owning at least 40% of GORO, tax law allows them to take credit for their share of earnings on their own Hoch' quarterly earnings statements. They may stop at 40%.

Of course we don't know how much gold/silver GORO drilling will prove up in the next year, and we don't know when they will start with dividends. My guess would be that dividends begin in Q ended March2011, but that's just a guess.

Let's hope the GORO resource growth story can help GORO gain considerable attention and appreciation over the next year.

The Reids just simply do not strike me as operational guys, but rather they have a record of being successful mining business starters/builders/sellers and then taking their profits to the bank.