Jun. 22 at 2:13 PM
$GGAZF $GGAZF still has not disclosed, even after this supplemental disclosure
for this merger with
$GORO, that Gold Group Mining will lose its surface
rights to Sonoro Gold
$SMOFF for their Prieto mine in September 2028.
Looking at the supplemental disclosure, there is no mention of this
mention to this fact. Maybe with the Sanfisco mine that GGAZF recently
bought, they do not need the Prieto mine's gold production, but they
announced making surface infrastructure capital expenditures to increase
gold production there. So they lose that gold production in 2028, unless
they buy the surface rights ...or just abandon Prieto. Either way, as a
Gold Resource shareholder, it looks like there is a deliberate effort to
mislead GORO shareholders into approving the merger to bail out GGAZF
before they are forcced to do another capital raise. JMHO
