Meph,
The management of this company has gone south in the last 12 months. Why breakup a solid company in January 2021 to buy another mine in 11/2021? The new mine is not a mine. It is a bunch of land with no mining operations. It will take at least 18 months and $30 million to start an active mine. And what we find is very unknown.
After the company split, GORO brought in an all-Canadian team (I am not anti-Canadian just anti-STUPID). This team is definitely "WOKE". They deluded the stock with the mine purchase making the revenue numbers per share worse, they have not updated the gold resources in Mexico, they have not discussed COVID issues in Mexico for months (which may come out later as a "SUPRISE") and they buy land/mines in states that are not tax friendly.
If I needed a tax write off for 2021, they would be off my account. As it stands I just wait and hope the stock will not drop further until January 3, 2022.
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