the company should consider a stock buy back and setting up a "DRIP" at a discount in share price for payment of dividends. This would put pressure on shorts and benefit shareholders.
Don't get me wrong, the minting of coins is not a bad idea, anything that takes physical off the market is a good idea.
I do not understand why minors hold a bunch of fiat in the bank instead of holding gold and silver. They should keep enough fiat on hand for operations, the rest should be held in real money...gold and silver.
Heard these lines many times before, you bashers need to get new material. 'epic collapse' 'case study in universities for years' The only thing missing is the comparison to Bre-X. You have to be kidding with the credit contraction argument, 'Helicopter Ben Bernanke ' is going to keep credit loose until the US economy recovers, which will be a minimum of two years. How long do you think an 80-1 ratio, if it even happens again, will be sustained? Its an anomaly at best. Very weak bashing.
the ratio goes up during credit contractions. it was just 35 several months ago and now it is 44. you want a 16 to 1 ratio? go back to the medieval times.
the bottomline is that GORO is a silver company pretending to be a gold company and you longs don't care. how does it feel to be fooled by management? now you and the other sheep will say "but I paid $4/share for this" and my response to that is: don't count your profits until you sell. the collapse in share price is going to be one for the record books. it will be used as a case study in universities to come.
because the major producers are not idiots. why put all their eggs in one basket? they have already a lot of gold in the ground, no need to leverage up and put the entire treasury in gold. GORO wants to do this because they have very little gold. They want to use the proceeds from their silver sales to give themselves exposure to gold. sad but true.