Re: Absurd, bizarre call it what you like
in response to
by
posted on
Jul 23, 2011 08:03PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Isaiah,
First please reread my July 21 post below:
Example: Hochschild bought 27% of GORO a while back for $65MM to finance a mine without 43-101s, prefeasibilty study, or feasibility study. Nada, as far as all the crap we are going through, which is only in place to enhance bank financing and to allow depreciation expenses. All GORO had done was drill the you know what out of the property. The mine is operational, first production early this year. GORO intends to now catch up with the paperwork and studies to enable the favorable tax treatment. Oh, and by the way - during the same time Tyhee went from 80 cents to 15 cents, GORO went from $1.98 to $26.76.
Strike
Now please listen to the last John Doody interview on Financial Sense starting at minute 14 about the same topic. How else can a company with such a low share price get money for a mine without losing majority control? We need to make such an investment easier, not more difficult. That's what we just did. And BTW, the SP was 15 when the news hit, went to 16 at the end of the day, and fell to 15.5 the next day. It didn't drop a cent as a result of the news.
Strike