Lone Clone As to GORO you brought up a good point about the divy that I hadn't though about and that may be so.
I dont spend a lot of time on GORO as I think their a first class operation and going forward will do very well. Basically I think they pushed production, and held off some rehabbing and preparation of the mine as long as they could. They were gearing up for more production. There is only so much space down under to go in and out and their fore production was effected temporarily. Many companies in Mexico are dealing with water issues as well. I think their was a delay and they will be back on track simple as that. Guidance was crushed. They should have been more forthright and upfront with that info.
I think 99 out of 100 companies or investors would say for a company to start from scratch in 07 at $1 per share, to secure the properties, acquire the financing, put up 200k oz production for $35mil, pay a 3 - 4.4% divy, share price up as high as 3100% and currently up 1500% is quite remarkable.
Think about the divy, its obvious they are spending millions buying their own shares at a steady clip. Seems if trouble was that bad, they would not spend the money on the shares and save it for the divy?
I think it has created an opportunity and a value going forward
Just my opinion
Checkmate
