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GORO share selling by Hochschild

Posted by overton @ 11:37 on July 20, 2014  

According to Vickers insider selling; ¬†Hoch’s GORO share count went from just over 11 million last July down to the present 6 million.¬† Given that Hoch raised substantial money earlier for their other projects it looks like they don’t believe in any 200k ounces of gold production anytime soon coming from the GORO mine.

After upgrading the mill for increased tonnage it sure looks like the feed just isn’t there…….

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.