GORO Added at avg $6.65 Close 7.24. Took advantage of what I think was a Hothchild disposition, as the 90 day mark is nearly up since their last filing. I think its cheap for a quality producer paying over 5% divi for nearly the lowest cost producer of high grade silver and gold in a safe jurisdiction.
Im betting they are straightening out their operations problems and will increase their production and CF sharply next couple quarters even in this PM market.
They averaged 778 tonnes per day in 2012 while paying the divi. They are near 1000tpd now, and guiding to exit 2013 bet 1300 and 1500tpd capacity, as they finish adding the new processing upgrades and open up the mine to access more high grade material at a lower cost.
If they just get to the divy they were paying 6 mths ago, the yield on those 6.65 shares will be 11%.
Jul 12, 2013) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") announces today it has received a copy of a Form 144 filed with the U.S. Securities and Exchange Commission indicating the sale of 3.4 million shares of common restricted stock by its largest shareholder.
