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Bullboard - Stock Discussion Forum Gold Resource Corp GORO

Metals & Mining Gold
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. The Company is focused on its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. Its Back Forty Project has a polymetallic (gold, silver... see more

NYSEAM:GORO - Post Discussion

Gold Resource Corp > Can Somebody Please Explain...
View:
Post by invidious1 on Sep 20, 2021 5:26pm

Can Somebody Please Explain...

...why GORO spun off its profitable, operating Nevada mine less than a year ago, only to now propose to buy Aquia Resources, Inc., which has spent more than $100 million on a proposed Michigan mine that has no permits or project plan, just 20 years worth of drill holes?
Comment by invidious1 on Sep 20, 2021 5:28pm
Should be Aquila Resources; sorry for the typo.
Comment by invidious1 on Sep 20, 2021 5:43pm
Further to my question: GORO says Aquila is a good play because GORO’s stock value would increaseif it is re-rated “from a one-mine company to a two-mine company with jurisdictional diversification.” Isn't that exactly the position it was in before it spun off the Nevada operation?
Gold Resource Corp