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GORO
Jul 12, 2013 17:06:56 GMT -5
Post by PoorHomey on Jul 12, 2013 17:06:56 GMT -5
Gold Resources (GORO), responding to today's 15% shellacking amid heavy volume, says its largest shareholder, Hochschild Mining, sold 3.4M shares of common restricted stock. GORO believes the sale is near the maximum number of shares eligible for sale in the market for a 90-day period. If your single largest shareholder is dumping as much of your stock as they're allowed to by law, that doesn't exactly send a great message. The question is: Why are they dumping it in that fashion? If you're going to sell 3.4 million shares of something that's relatively thinly traded, wouldn't you want to sell it in pieces into any strength to get the most out of it? COLORADO SPRINGS, CO--(Marketwired - Jul 12, 2013) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") announces today it has received a copy of a Form 144 filed with the U.S. Securities and Exchange Commission indicating the sale of 3.4 million shares of common restricted stock by its largest shareholder. The Company has returned over $85 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. The Form 144 was filed by Hochschild Mining Holdings Ltd. and indicates a sale of approximately 3.4 million shares of the Company's common stock in accordance with the Rule 144 of the Securities Act of 1933, as amended. Generally, Rule 144 allows holders of restricted securities to sell shares in the market after a certain holding period and so long as the requirements of the rule are met. Certain shareholders, including those holding more than 10% of the Company's outstanding shares, are subject to further volume limitations which restrict the number shares that can be sold in the market every three months, which is the greater of 1% of the outstanding shares or the average weekly trading volume of the securities during the four-week period prior to the sale. Pursuant to these volume limitations provided by Rule 144, the Company believes Hochschild's sale of 3.4 million shares is near the maximum number of shares eligible for sale in the market for this 90 day period.
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GORO
Jul 12, 2013 17:39:42 GMT -5
Post by jacksrbtr on Jul 12, 2013 17:39:42 GMT -5
Hochschild is obviously betting that gold spot is going to $1000-1100/ounce. GORO and many other miners (majors included) will need to shutdown at that level.
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Post by PoorHomey on Jul 12, 2013 18:21:33 GMT -5
Hochschild is obviously betting that gold spot is going to $1000-1100/ounce. GORO and many other miners (majors included) will need to shutdown at that level. What were all these miners doing 6-7 years ago when Gold was ~$650/$700 an Oz? What happens if it goes back to $350-$400?
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GORO
Jul 12, 2013 18:44:23 GMT -5
Post by jacksrbtr on Jul 12, 2013 18:44:23 GMT -5
Hochschild is obviously betting that gold spot is going to $1000-1100/ounce. GORO and many other miners (majors included) will need to shutdown at that level. What were all these miners doing 6-7 years ago when Gold was ~$650/$700 an Oz? What happens if it goes back to $350-$400? They weren't developing mines with poor reserves in them. They all won't shutdown but many of their uneconomical mines at that price per ounce will. btw Continental's all-in cost is projected to be less than $600/oz...AND they have $155M in their war chest Continental may emerge out of all this as a mid-tier or even a major miner who knows.
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GORO
Jul 14, 2013 21:08:05 GMT -5
Post by novie08 on Jul 14, 2013 21:08:05 GMT -5
PH--You could look at the HUI and the XAU charts. ^HUI has not hit what would be a double bottom if it got to the 2005 low.
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GORO
Jul 16, 2013 9:02:13 GMT -5
Post by clinton on Jul 16, 2013 9:02:13 GMT -5
TradeIdeasQuant Jul. 16 at 10:01 AM $GORO New 52 Week Low - Crossed daily lows support.
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GORO
Sept 24, 2013 8:58:48 GMT -5
Post by clinton on Sept 24, 2013 8:58:48 GMT -5
LONG GORO at 6.53
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GORO
Sept 24, 2013 12:57:08 GMT -5
huh likes this
Post by clinton on Sept 24, 2013 12:57:08 GMT -5
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GORO
Sept 24, 2013 13:14:27 GMT -5
Post by clinton on Sept 24, 2013 13:14:27 GMT -5
I had 6.87 as my sell target but it looked like GLD was rolling over so I sold. then Im watch freestockcharts and it goes and changes the previous red candle to green on the 10 min chart.LOL. I got conned!
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GORO
Sept 24, 2013 14:29:36 GMT -5
Post by nats on Sept 24, 2013 14:29:36 GMT -5
I had 6.87 as my sell target but it looked like GLD was rolling over so I sold. then Im watch freestockcharts and it goes and changes the previous red candle to green on the 10 min chart.LOL. I got conned! Oh how they toy with us.
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GORO
Sept 24, 2013 15:06:25 GMT -5
huh and nats like this
Post by clinton on Sept 24, 2013 15:06:25 GMT -5
I had 6.87 as my sell target but it looked like GLD was rolling over so I sold. then Im watch freestockcharts and it goes and changes the previous red candle to green on the 10 min chart.LOL. I got conned! Oh how they toy with us. High today 6.86 the stock gods were looking out for me I guess
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Post by clinton on Oct 1, 2013 8:07:28 GMT -5
ouch 6.30 premarket 52 wk low
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GORO
Oct 1, 2013 9:12:16 GMT -5
Post by clinton on Oct 1, 2013 9:12:16 GMT -5
LONG GORO 6.35
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Post by clinton on Oct 1, 2013 9:23:10 GMT -5
double bottom, hope it works Attachments:
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GORO
Oct 1, 2013 9:43:50 GMT -5
Post by clinton on Oct 1, 2013 9:43:50 GMT -5
now 6.19 ouch
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GORO
Oct 1, 2013 14:37:09 GMT -5
Post by huh on Oct 1, 2013 14:37:09 GMT -5
Well, on the bright side...it's only about a penny from the bottom BB now. Perhaps a blow-off bottom day?
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GORO
Oct 1, 2013 14:40:26 GMT -5
huh likes this
Post by clinton on Oct 1, 2013 14:40:26 GMT -5
Well, on the bright side...it's only about a penny from the bottom BB now. Perhaps a blow-off bottom day? this is a low vol stock so Im used to the bots pushing it where they want it.
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Post by huh on Oct 1, 2013 15:38:32 GMT -5
LOL ClintonSPX Oct. 1 at 3:57 PM $GORO ok bears you can stop kicking goro in the balls its 4PM[/URL
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GORO
Oct 2, 2013 9:18:35 GMT -5
Post by clinton on Oct 2, 2013 9:18:35 GMT -5
huge sell order at 5.99 someone wants to hold this under 6
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GORO
Oct 2, 2013 9:31:18 GMT -5
Post by clinton on Oct 2, 2013 9:31:18 GMT -5
huge sell order at 5.99 someone wants to hold this under 6 they just yanked it watch it run now
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