Replies to post #17595 on Value Microcaps Junior Miners

[cartonet]

8.74 print om GDMN !!! somebody must have liked the results

[elijahofmalone]

Cl,

Do you know if Hochschild has the ability to take over GDMN? With both Goro and Lake Shore the stipulations were the same, Hochschild could only reach a specific percentage (40%) during the first two years. Then only after two years are they able to take over the company. So with GORO they have to wait until Feb. 2011 before they can fully take them over. I cannot find any information on the terms of the agreement between Hochschild and GDMN though. I was wondering if there was a similar clause included because I really do not want Hochschild to take them over at this time.

As for money, they raised 250 million (85 going to debt) a few months ago. The majority of that was specifically for increasing their holdings in the companies they already are part-owners. So they should have some, though not a great deal left (they have also been buying West Timmons Mining shares on the open market). Hope that helps clarify their cash position.

Ryan