May

15

Taking profits on GORO.OB

May 15, 2007 | 2 Comments

This morning I decided to sell my entire holding of GORO.OB at $3.50. This was a move that was done simply to take profits after a nice run, and because I am seeing other attractive opportunities and need cash in order to take advantage. I believe that GORO probably has upside to the $4.00 mark, but it may take some news for the stock to get to those levels. Thus, I have decided to book a 12% […]

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Apr

11

New position in GORO.OB

April 11, 2007 | 5 Comments

This morning I decided to take a sizable new position Gold Resource Corp on the news that they had decided to go ahead with the development of their El Aguila mine in Mexico and that they anticipate production by mid 2008. The company noted that they expect to produce 70k ounces of gold in the first year, 90k in the second, and 100k in the third year. GORO did not mention their expected silver production, but given that […]

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