Replies to post #16359 on Value Microcaps Junior Miners

[silver100]

I don't know that GORO would do another PP with Hochschild. They should have enough cash and will be generating their own soon. No need to dilute anymore. Hochschild may not have a choice other than the open market. Although the Reids may help arrange some large blocks for them with funds that have to sell as GORO grows percentage wise over their maximum holding amount. Nice problem to have.

[basserdan]

<<<Do you expect GORO to do a PP with Hochschild, open market purchase, or both?>>>

Hi 'nsomniyak,
Expect? Guess is more like it. <g>
I would guess PP.

Here's a shocker.... at least to me! In yezzer's record romp to the $1040's, COMEX Gold open interest rose by a staggering 32,955 cts to 484,307 total, with over 26K of that jump coming in the December Contract.

Opens the possibility that if the majority of these new longs are playing for keeps and are committed to taking delivery, there is an outside, but increasing possibility of a COMEX default.

Can you say "fireworks" in December?