Replies to post #34 on Gold Resource Corp (GORO)

[silver100]

Dilution is usually news I hate, but its good in this case in my opinion. They need the cash, and they were able to get more than the IPO price at $1.20 and got much more overall cash than originally intended.

Nice to hear abour a second drill rig too, hopefully they will be announcing some good results soon.

AND they are building a new road to the proposed mill site and new drill targets. Now why would you build a road to a project if you are not going to advance it? It seems the production decision is definately a go, but officially they have to wait for the feasibility study... which they now have the cash to do. The feasibility study will also bring in new investors as some are nervous to invest without one.

[TruthChecker]

Good.

They can raise funds. That's a good sign.

I love the idea that the stock was not registered.
We won't have to worry about the stock hitting the
market for awhile.

However, it might explain why we seem to have been
having problems over the last 3-4 weeks with constant
supply of stock. CanaccordAdams was probably shorting
the stock to raise funds for the PP people, with the
idea of buying back the stock at lower prices.

I'm happy with this. We will be in production next
year.