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Gold Resource Corp Message Board

  • What are good comps? I took a cursory look at SGR and LSG.

    SGR: $700m mc, 80k oz in 2011, $800 cash cost, no div
    LSG: $600m mc, 85k-100k oz in 2011, $1100 cash cost, no div

    The cash costs and shares outstanding are startling.

    GORO has significantly lower costs, is growing faster, pays a dividend, has promising exploration. Further support for a $1-1.5b mc.

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    • I don't know of any real comps. This is a pretty unique story. Hybrid explorer/producer. Positive cash flow. No 43-101, but clearly a decent resource. Dividend paying. Tight structure. No Debt.

    • Show them, scumbag.

    • >> if share structure was so unimportant, as you claim, then why is the earnings per share benchmark (EPS) considered by most investors to be the single most important metric to use when evaluating a stock?<<

      Did you call GORO and beg them to do the 30 for 1 reverse stock split yet - it will make their EPS soar!

    • >>Given 3 examples so far the correlation is 1.<<

      And I can cherry pick 3 examples where the correlation is -1, Scumbag.

    • Oh So Little Natash,

      You have been littering this board this past weekend with posts arguing against the importance of the incredibly tight share structure of GORO.

      You continue to point to stock splits as an example of why. This is a bogus and irrelevant comparison. Pretty much anyone here with half a brain understands that, so I don't need to explain any further on that topic.

      But as to the importance of a tight share structure, you are completely WRONG, little beach babe in stating that a tight share structure is not important.

      First of all, if share structure was so unimportant, as you claim, then why is the earnings per share benchmark (EPS) considered by most investors to be the single most important metric to use when evaluating a stock? EPS essentially provides a reading on the overall profitability of a company. And gee, guess what EPS is based on ..... you got it, number of shares in the company! (Did I say moron earlier?)

      Let's say GRC has 50 million shares. And their earnings are $25 million for the quarter. That means their EPS is $0.50. If another company XYZ had 100 million shares and $25 million earnings for the quarter, their EPS would be half of GRC's, hardly considered a good thing in the financial community. Why? That's because in an efficient market, a stock price would be based soley on 2 numbers, EPS and PE ratio. EPS is based on the share structure and PE is based on the EPS number.

      Bottom line, share structure matters. You can throw all the hissy-fits and post all the narcissistic and arrogant tantrums on here you wish. But you are WRONG that a tight share structure is unimportant. (Can't believe you are even trying to argue that.)

      Amadeus

    • Given 3 examples so far the correlation is 1. Scumbag.

    • >>You know that 400 million shares is the sign of major dilution and 53 million shares is a sign of limited dilution. <<

      No, this isn't true at all. I would bet that the correlation is zero.

    • >>My claim is that 400 million shares is typically the result of massive dilution<<

      This isn't true. 400 million shares can mean anything. A company can do accretive acquisitions - that wouldn't be dilutive at all.

      >>It is you who are backing away from the idea that dilution is unfavorable.<<

      Dilution should only be done if the capital can be invested to make even more money. Dilution should never be done to pay a dividend.

    • >>Notice how he avoids the inevitable upward trend of production <<

      It was me that was estimating that GORO would be more production during 3Q. Try again.

      >>When a company makes money they are successful. It is simple and cut and dried.<<

      That doesn't mean that they deserve a $1B market cap.

    • But that's not generally what happens, a-hole, and you know it. You know that 400 million shares is the sign of major dilution and 53 million shares is a sign of limited dilution. Scumbag, hypocrite, a-hole.

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GORO
3.60-0.3700(-9.32%)Nov 28 1:01 PMEST

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