Replies to post #16334 on Value Microcaps Junior Miners

[silver100]

Here is they key paragraph taken from Hochschild's website and their PR today:

Additionally, Hochschild has the right to increase its stake in Gold Resource Corporation ("GRC")from 24% to 40%, with the full support of the GRC board. GRC, which has a current market capitalisation in excess of $315 million, is a precious metals mining company with a number of 100% owned, high grade development projects in southern Mexico including the El Aguila project. This project is scheduled to begin production by the end of 2009 and the company expects to produce approximately 70,000 ounces of gold (4.2 million silver equivalent ounces)in its first full year of production. Hochschild is extremely confident about the long term potential of this investment. After the standstill period ends in February 2011, Hochschild can purchase additional shares in GRC without restriction.

[MontyHigh]

GORO.OB, How much does Hochschild (sp?) have?

I thought it was 24%. They still have a ways to go, I believe, til they get to 40%.

MontyHigh

[stock_peeker]

GORO: I thought they couldn't buy more than 40% on open market, but they MAY still be able to shares from another large shareholder OR at least partner with them to take control. We'll see how things shake out.

Not sure about this, but I think H'child has the right to buy additional shares (up to the 40% total) based on 30day avg price rather than acquire on open market.

'peeker