they have 53,000,000 shares outstanding. even if they wanted to send everyone 1 gram of gold, that is equivalent to 1.7 million ounces of gold. they dont have anything near that amount in the ground. i estimate they have no more than 1 million ounces total and more likely it is closer to 500,000. you wont even get 1 gram of silver, it is impossible. the Reid's are marketers, not miners.
>>You are correct, in that in roder to pay a dividend in-kind, they will have to declare a permanent dividend, which means they will have to have a 43-101 in place. <<
Here's amedaus definitively claiming that the 43-101 will need to be in place prior to the dividend in-kind.
Wong again, amedaus!
>>No marketing ploy, but a very good plan to get rid of the shorts. You will not be able to pay for the dividend in-kind, so you will have to cover.<<
Here is amedaus definitely claiming that shorts will be forced to cover because they won't be able to provide the dividend in-kind.
This is it, amedaus. This is you definitively claiming that the shorts would be screwed by this. Admit it that you made this claim, or you're a liar.
Ha ha. Too funny.
Keepshorty is impossibly bad at simple math, and that is his problem. 1 gram of gold at $1,800 dollars per oz. is 1800/31.1 = $57.87 per gram. Even GORO is not going to give out $57 dollars dividend per share for the foreseeable future as Keepshorty claims. Bad at math.
Maybe it will be optional and only for those with say 10,000 shares or more. or maybe for some percentage of shares owned. it at least would be interesting for the shorts to have to cover the dividend for borrowed shares in hard gold/silver.
Oh man...that is cool,
keep shorting will have to buy us gold for dividends....that'll be pricey as gold goes in to the 2000's
you better stock up now KS while AU is below 1800...oops, too late
Hey KS did you short gold too?
Shorty, your math is really bad. You don't seem to know how the current dividends are being calculated and paid out. That's pretty lame for a basher and one who has invested his money against this company. Let me educate you a bit.
1 troy ounce is equal to approximately 31 grams. With gold currently at approximately 1,790 an ounce, 1 gram is worth approximately $57.74. So you are suggesting that GORO is looking to give each shareholder on record $57.74 per share dividend. Now, the reality is that they are currently giving each shareholder on record $0.04 per share dividend.
You are only off by just a tad!
Another way to look at the reality of the dividend is at $0.04 per share and 53,000,000 shares, that represents a dividend payment of $2,120,000 or about 1,184 ounces of gold, something I think we can all agree on is doable by management.
I realize you're real desperate here, old man, to make some kind of point against the stock. But do check your math beforehand.
BTW, this is why nobody believes anything you post. It's entertaining, but its not relevant.
more deception by amadeus. i was simply pointing out that the smallest unit they could pay out is 1 gram and that is impossible due to the 53 million shares. you are the one who cant do math, considering you didnt know that they used silver as a byproduct credit, didnt know that the dividend was being paid out of treasury and didnt know that a 80:1 ratio in gold/silver would destroy the AUEQ resource count.
The Reid's are marketers, not miners.
Please listen to the CC's and read the the news releases. GORO management stated that coins would be offer to shareholder of a given size.
The only way I could see it done, and I am just speculating, would be to give those with lesser stock a credit of AuEq oz and when they have enough the coin(s) are sent. The other idea would be to make both gold and silver coins and let shareholder have a choice.
Please read and listen to what is on the website before just writing. Here is the site, please catch up with what has been written and said.