Replies to post #29692 on Value Microcaps Junior Miners

[bbotcs]

checkmate28: GORO

Thanks for giving me your views. I bought GORO for a long-term hold. Had I been more thorough in my dd, I would have known about the lawsuit. Thanks for mentioning that disclaimer. I was wondering about it but see now why they would include it.

I like the fact that GORO is a low cost producer and pays a dividend. The PE is respectable and the float is fairly low for an established gold producer. Stocks have 52-week highs and lows. Buying at or near the low mitigates the risk of owning the stock. And as you say, we get paid to wait, which is always very nice.

I don't think gold will drop below $1500, at least not for more than a few weeks, if at all. China cannot buy enough of it.

Thanks again and regards.

bbotcs