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Gold Resource Corporation (GORO)

NYSE American - NYSE American Delayed Price. Currency in USD
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1.9900-0.0700 (-3.40%)
At close: 1:00PM EST
1.9800 -0.01 (-0.50%)
After hours: 03:26PM EST
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  • J
    Joe
    Remember all GORO purchased .... $300,000,000 in Value for $24 Million in shares and all that goes on the GORO balance sheet this week! ... Stated another way GORO purchased $4.01 per share of Value for about 14.5 Million shares. If you add it all up as it hits the balance sheet is this formula...

    Value Purchased + Current Per share Price = Post closing Share Price

    Using numbers: $4.01 + $2.01 = $6.02 per share right after the announcement!

    So GORO to $4.65+++ per share from current $2.01 in a Fast and Furious way! You understand YET how it's all connected?

    Here is the timing of the closing... I think we will get the news around 12-1PM ET Today as I think that is 9-10AM in Colorado and where Aquila is based.

    Based on the following:
    GORO in CC call for 3rd quarter said that the Aquila closing would take place on November 23rd!

    I will hold him to that as GORO 100% controls all that remains in closing this deal. Aquila got the shareholders to vote yes and got the court approval! GORO if it wants can wave all other conditions and close the deal today... the date they stated in CC!

    "There are two or three conditions precedent to closing that we control. I'm not going to go into specific cycle, but they are well in hand. From a capital markets perspective, there will be a shareholders' meeting on the 17th of November, followed shortly thereafter by a court hearing, whereby with the benefit of a positive vote, the court will approve the plan of arrangement. Closing would then follow two or three days later, and we're currently planning on closing on the 23rd. So if you look at the risks associated with closing, number one, obviously, is going to be the shareholders' vote. We already have a preliminary order from the court, so we don't view that as being a significant risk element. And then we have these three conditions precedent, but all of which, based on progress to date, I'm very comfortable with. I think the likelihood of closing is very high."
  • I
    I Heard That Brother
    Next week, GORO will present at GORO's only, not for long analyst's mining conference in NY.

    Before 12-month price target: $5.50 + 170%

    After upside after adding Back Forty net present value?

    Biggest no brainer on the face of this earth.
    Bullish
  • M
    Mathew
    Well... I guess they ain’t enough volume. Either way I’m still holding long, sooner or later they will come out with news, and when they do it is my personal opinion that volume will be sure to rise. And so will the stock value per share. I’m still aiming for the $5 mark
    Bullish
  • K
    Kye
    Guys, this is the biggest position in my portfolio. I am newer to stocks and especially miner stocks, so let me know if I am naïve, too positive, or missing something here... In looking at this company, despite having a rough past year, it looks like overall we are very healthy. No debt, current ratio of 2.73, nearly $30mm in cash on hand, and decent cash flow and cash from ops to cover expenses and dividend. Which shows I believe we can whether a major downturn of gold price (no likely to happen) or a hiccup in production.

    Further, with the Aquila acquisition going on right now, steady production from Mexico mines, future growth plans (we will see what happens in Midwest US), rising inflation and potential shortages on the horizon. Add onto that a beaten down stock price. All the other healthy companies in the industry have already soared and maintaining a healthy stock price. And here we are, in a company that should be atop the mountain like the rest soon. It seems like we have very limited downside risk and are at the base of the mountain. I cant seem to find another company in a better position.

    I don't want to come across as a pumper, so let me know what you think?
  • I
    I Heard That Brother
    GORO's only, not for long analyst has a 12-month $5.50 price target. +146% upside.

    So your $10,000 GORO investment made today should really be worth $24,600 instantly or tomorrow, based on the operating cash flow generated from just one mine in Mexico and assuming....

    Gold averages $1,900. Silver $25. Copper $2.20. Lead $.75. Zinc $.85 for the next 12 months.

    Now it's time to plug in Back 40 into the cash flow generating model

    So starting in 2025, instead of one mine producing 22,500 ozs of gold, you now have 2 mines potentially producing 192,500 ozs or 8.6X more.

    Instead of one mine producing 1,492,000 ozs of silver, it's now 2 mines producing 2,606,970 ozs of silver or 1.7X more, just in time to sell more to EV

    Instead on one mine producing 2,272,000 lbs of copper, it's now 2 mines producing 14,772,000 lbs of copper or 6.5X more, just in time to sell more to EV

    Instead of one mine producing 14,445,000 lbs of lead, it's now 2 mines producing 105,545,000 lbs of lead or 7.3X more

    Instead of one mine producing 47,137,000 lbs of zinc, it's now 2 mines producing 167,317,000 lbs of zinc or 3.5X more

    Each and every year for 10 years in a row assuming gold averages $1,900. Silver $25. Copper $2.20. Lead $.75. Zinc $.85. Imagine starting in 2025, if these actual prices end up being much higher?

    Now that the Back 40 deal is done, GORO's only not for long analyst, now needs to plug in Back Forth and raise his $5.50 price target to something much, much more.

    If he waits, someone new may just come along and be 1st to raise the bar.
  • J
    Joe
    The pumpers want newbies to "be patient". Patient long enough for Insiders to get compensated another couple million dollars. Patient, guilible investors are lived by management.
  • J
    Joe
    Huge overnight UP rally to occur in Gold and Silver..... The GORO Launch to $4.65++++ per share begins Tuesday 11-23-2021 ...................... This Up move will be Fast and Furious!!!!!
    If you're smart ... you Buy before the close today!
  • M
    Mathew
    Hey guys, so after being in GORO for well more than 4 month already, and still happy holding long. I decided to share with you the other ticker symbols I believe in and am holding on to. Of course this is not recommendation to buy for I am not a financial advisor bot even close. But perhaps it would ensure you with new ideas to check into. So here are my current stocks I think will be rising in the near future: GORO / CASI / NBEV / PSFE / TCEHY
    Bullish
  • J
    Joe
    As I posted early this morning GORO can be Green Today!

    { GORO will be Up and Green Today, tomorrow and Friday!

    Have a Happy Thanksgiving all!

    $4.65++++ is where GORO is going soon in 2021!

    Buy and Hold GORO! }
  • T
    Think Tank
    Aquila acquisition should be finalized next week if all goes well. In four weeks we get another ex-div date. In three of the next four weeks we get key inflation reports! [PCE, CPI, PPI]. Lots of reasons to keep holding GORO for the near and extended future.
    Bullish
  • K
    Kye
    So I just checked the debt clock, gold SHOULD be $21k per oz compared to todays dollar and silver SHOULD be $3k per oz compared to the dollar. Obviously the central banks have used the paper market and other ways to suppress the gold price for decades. Because if gold and silver ran to those heights, people would have lost confidence in the dollar a long time ago. Its clear to see the Fed and Central banks are losing control of their fiat system and inflation is/will become more rampant to the point people will turn elsewhere to protect their wealth. I don't think we have ever seen this in our lifetime as usually the fed and CB's have had a way to gain the control back... I cant imagine gold jumping to $6, let alone $21K per oz. But if all the cards are shown due to lost control, couldn't that sort of be the case? I mean, just look at Bitcoin. No paper market, which to me has shown what gold could do without suppression.

    Thanks for your thoughts and discussion!
    Bullish
  • J
    Joe
    In addition to 1.1 million ounces of Gold... GORO to mine massive amounts of Zinc and Copper in USA! WOW!!! GORO gets 1.2 billion pounds of zinc on Back Forty with potential for 3 million ounces more of Gold on that property. GORO also gets 2 other exploration properties, Reef Gold Project located in Marathon County, Wisconsin a gold-copper property and Bend Project located in Taylor County, Wisconsin a volcanogenic massive sulfide occurrence containing copper and gold.

    From Aguilas 3rd Quarter report released this morning:
    "The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

    Aquila has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold."
  • O
    OBV
    TA Update #7
    7/1/21 to 11/17/21 total shares traded 76.4 million, highest trade 2.65 lowest 1.55, number of shares traded now exceed shares outstanding 75 million.
    9/1/21 to 11/17/21 total shares traded 38.6 million, lowest trade 1.55 highest trade 2.30 more then half the shares outstanding have already been traded.
    Quarterly Chart had the big selling climax signal made a historic closing price low 1.57 previous historic cl pr low 1.66,only time frame that made a historic cl pr low.

    Two Time Frames made OBV Bottom Breakout
    1st Daily Chart OBV bottom breakout started 11/9/21,cl pr 2.03
    2nd Weekly Chart OBV bottom breakout started wk of 11/8/21,wk ended 11/12/21 cl pr 2.26
    Temporary pause in aggressive ask buyers started after wkly OBV breakout was made, price pause now in it's 3rd day,highest trade 2.30,lowest trade 2.18,closing pr today 2.24
    Daily Chart Price bottom breakout at 1.87 occurred on 10/28/21 cl pr 1.88,OBV bottom breakout occurred 8 day's later on 11/9/21 cl pr 2.03
    Weekly Chart Price bottom breakout at 1.87 occurred on 11/1/21 cl pr 1.93,OBV bottom breakout occurred the following wk 11/8/21 cl pr 2.26
    Two time frames OBV vol. has caught up technically to price,OBV signals aggressive ask buyers exhausted,expect some type of price consolidation to occur,it could brief a few day's or wks. to complete.
    GORO will continue to go UP.
    Bullish
  • J
    John
    Fed printing combined with Fed supervised bank suppression of metals prices has created a volcano like situation in the metals market, IMO.

    2022 is when I expect the volcano to erupt. We are going to see a gold/silver/copper bull that borders on hysteria as the prices of miners held down for years correct in short order.

    The more fiscal irresponsibility the Fed and friends display and the more they try to suppress the consequences of it, the worse the fall out will be.

    I think it's possible there will actually be a cypto market crash next year, as more and more people start cashing on on the huge profits they have made from this year's run - and I expect all of that money to flow into gold and silver, which will by then have a well established bull market which most of the crypto boys have missed as they rode their favorite coins down into the ground. FOMO will bring them all into the miners!
  • J
    Joe
    Of the votes cast at the Meeting, 98.884% were in favour of the Arrangement Resolution
    So it's official GORO just purchased $300 Million in Value for $24 Million that is they bought $4.01 per share in value... when added to todays share price of $2.26 + $4.01 = $6.27 per share! So $6.27 per share is what GORO's price should be Today!!!! Closing will be on or before November 23rd 2021!
  • M
    Mercer
    Gold Resource Corporation (NYSE:GORO) is a US based company operating in the gold industry to explore, develop, produce, and sell gold and silver in Mexico and the US. Ranking sixth on our list, the company is among the best gold stocks with dividends. It is based in Denver, Colorado.

    In April, H.C. Wainwright's Heiko Ihle reiterated a Buy rating on shares of Gold Resource Corporation (NYSE:GORO).

    Gold Resource Corporation's (NYSE:GORO) third-quarter earnings report showed an EPS of $0.02 and a revenue of $17.26 million, up 5.71% year over year.

    Looking at Insider Monkey's hedge fund data, we see that 13 hedge funds held stakes in Gold Resource Corporation (NYSE:GORO) in the second quarter of 2021, worth $13 million. In the previous quarter only six hedge funds held stakes in the company worth about $2.1 million.

    Like Medtronic plc (NYSE:MDT), McDonald's Corporation (NYSE:MCD), Johnson & Johnson (NYSE:JNJ), and AT&T Inc. (NYSE:T), Gold Resource Corporation (NYSE:GORO) is a dividend stock popular among hedge funds today.
  • M
    Mathew
    Hello to all my long friends, haven’t heard from joe the basher this entire month. I was however wandering did the state ever give a final approval for black forty reopening the mind or is it still all in the air with uncertainty???
  • J
    Joe
    Has to be the Lightest Volume Day of the year! .... Nobody interested in selling any shares of GORO!
    You know what I have been saying ... Fast and Furious to $_ . _ _++++
  • K
    Kye
    Hey guys, question with GORO settling the deal later in Nov. Even though everything points to upside, could this backfire with a decrease in share value due to dilution from the added shares? I am long and have a fat position here. But I am newer. Wanted to get your thoughts here. Thanks,
  • V
    Vikesbull
    If gold moves above 2k which many are predicting for late December then miners going to explode up. Could hit analyst target January if so
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