Projection: Should hit $10.70 by end of this week.
Haha, ok, well that's what it was a few minutes ago.
Have a call in to GORO HQ, but got the answering machine. I guess they are celebrating something.
Trying to find out what the story is on the mill ops, as they have been UNABLE TO MEET THEIR SCHEDULE GOALS very well over the last year.
Back in December, they said they hoped to produce concentrates by end of yr (if all went well, which it hasn't). They need to start pumping out some concentrate AND pouring gold to get the cashflow to pay all their new employees, contractors, cooks and bottlewashers. They also need the cashflow to keep Hochschild from buying more stock on the cheap.
Their always-optimistic outlook begins to look like idle spin after awhile.
ps> I agree it's nice to see GORO up on a down day. Maybe we'll hear news to explain why it's moving up in the next few days.
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