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Gold Resource Corp Message Board

  • sambrichsanzo sambrichsanzo Dec 22, 2011 8:33 AM Flag

    Mr. Engy Spots a Goro Problem

    Well, his initial post was that he was new to Goro and had a few questions. Since thay time Engy has consistently slammed Goro Mgm't: Quotes "Mgm't proven to be unworthy- Mgm't Deception- Promotional Mgm't- Bill reid Obfusication-"

    engy's particular issues of concern, other then Mgm't have evolved as follows, from his second post till today: dividends not secure, Stock buybacks improper, 2011 90k ounce forecast, targeted cost of mining, false rain storm & mine flooding, 43-101 release date, cost of mill, mine gross profit, improper name of company, not reporting on a silver equivelent basis, small accounting firm, lack of Van Eck investment.
    Stay tuned...sure that Engy will provide us many more.

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    • Well, his initial post was that he was new to Goro and had a few questions. Since thay time Engy has consistently slammed Goro Mgm't: Quotes "Mgm't proven to be unworthy- Mgm't Deception- Promotional Mgm't- Bill reid Obfusication-"

      engy's particular issues of concern, other then Mgm't have evolved as follows, from his second post till today: dividends not secure, Stock buybacks improper, 2011 90k ounce forecast, targeted cost of mining, false rain storm & mine flooding, 43-101 release date, cost of mill, mine gross profit, improper name of company, not reporting on a silver equivelent basis, small accounting firm, lack of Van Eck investment.
      Stay tuned...sure that Engy will provide us many more.

    • >>Engy,

      Thee is hardly anything sincere about your posts. You know it and we all know it. So why do you continue to waste your time here?<<

      Says the man that's on here because he's desperate to protect his huge long position - which represents his family's entire net worth.

    • Engy has done a good job of reading the basher handbook. Yes, there is a basher handbook. You should read it to see how they do their job. I've had this guy on ignore for some time now. As soon as I identify someone as making up stories as they go along, I put them on ignore. You should try it sometime. It sure cleans up the board.

      I first bought this stock at around $3 and am now lapping up the dividends, and will continue to do so. I'm now awaiting the 6 cent per month dividend.

    • I wasn't comfortable investing in companies that had no intention of ever producing revenues and where my profit was totally dependent on market prices and investment climates for the company and their products.
      ---------------------------------------------------
      So how did a conservative investor like yourself get sucked into GORO? 1.2 BILLION for 500,000 ounces of actual gold? Keep in mind, those ounces are internal estimates too. Based on the Reid's history, those ounces are probably inflated by a factor of 2.

    • barsolid,

      What price would you like to get in at? I need a real number, not the best price possible BS.

    • Sorry typo, "so many others did not"

    • But I like that they are really digging up gold and silver. I wasn't comfortable investing in companies that had no intention of ever producing revenues and where my profit was totally dependent on market prices and investment climates for the company and their products.

      Yeah, Goro might be a little more expensive right now, but I do think that has much to do with the increased production. I watched what happened with RBY and IVN, etc. and it stinks. I don't think anyone is nearly as concerned about the missed deadlines as you are. I sort of wish they were. Just the fact that they moved to production when so many others do and did not seems to be the message that is being heard. I need an entry point, again sorry KS, but this crap isn't cutting it and I'm getting very worried about my lack of a position. This is not sarcasm.

    • Most other miners take the 10-year route, spend a huge amount of money getting a 43-101 in place, dilute the heck out of their stock, go out constantly for additional funding because of cost overruns
      -----------------------------------------------------------------
      No. Most other exploration companies take the 43-101 route because they want to sell the property instead of going into production. They realize that their expertise is in exploration, not mining. Look at the Reids, they have failed to meet every deadline in their mining venture. 100% of deadlines and targets have been missed.

    • "But I would love to get a group together ahead of time to discuss all of these issues. Would you be willing to do that?"

      No. Not interested.

      Amadeus

    • "In my investing, I try to avoid altogether managers who may crash my portfolio, debt or no debt."

      Just what, Engy, is going to cause the Reid's to crash this company. You wax and wane poeticaly with car and other allusions. But how about some real details as to how this company is going to crash.

      Do try to stay on point and be specific.

      Amadeus

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