GORO on BNN: Michael Smedley (British), chief portfolio manager, Morgan Meighen & Associates, certainly didn't help GORO go higher. He called it a pink sheet and quipped a bit much. Down to $8.01 now (down over $1 since 2 days ago), GORO is not having a good day.
Mikey referred to Hochschild's buyin, highgrade open pit, famous Reids in Denver who've sold about 5 mines already, owned in Canadian World Fund. Implied that he expects Hochschild to buy it out eventually (my interpretation).
He mentioned principal risks is that gold goes down.
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