/biz/ - Business & Finance

>>57316502
>>57316446

There’s talks of a gold fund that owned like 5% of all GVSR shares is distributing hard right now and it’s dragging down the price big time. This was like .70c last April and nothing fundamentally has changed with the company (besides hiring a new CFO) and obviously gold and silver themselves have held since then. This is like Trillion all over again, some fund liquidates and now existing shareholders are fucked. Here I thought dilution and nationalization were the only major things to dodge..

With that being said, there were some concerns with their El Cubo mine continue as they aren’t recovering as much material as was hoped. Material grade was lower than expected and recovery is low because there’s tons of waste trying to capture all of the mineralization in the vein. GSVR themselves maintain an uptick in production and recovery will be reflected in Q4 results next month, to go along with lower AISC on top of everything. Credit to @lexcon for this info