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Gold Resource Corp Message Board

  • keepshorting keepshorting Feb 3, 2012 2:31 AM Flag

    i believe the internal estimates of AUEQ are inflated

    the Reid's have missed 100% of their original targets, here are a few:
    - getting permits later than projected
    - going into production later than projected
    - reducing 90,000 AUEQ count for 2011 to 60,000-70,000

    Since they have missed 100% of their original targets/deadlines, I think it is safe to assume that their own internal estimates of 1.5 million AUEQ is wrong. I believe it is very likely that it is much lower than that and that explains why they have refused to publish a 43-101. Remember folks, numbers dont lie...people do.

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    • "The only reason the Reid's are paying a dividend is so that they can raid the treasury before the entire operation implodes. How much of that dividend money is going into the Reid's pocket? Why do management have some of the highest compensation packages in the sector? "

      See nat, the drunk on the corner still babbles about fraud.

    • The div. helps the vauleation and so does the future earnings
      ---------------------------------------------------------
      The only reason the Reid's are paying a dividend is so that they can raid the treasury before the entire operation implodes. How much of that dividend money is going into the Reid's pocket? Why do management have some of the highest compensation packages in the sector?

    • <<While the company hasn't raised cash in awhile, it's quite possible that 4Q2011 free cash flow is less than the amount of dividends paid.>>

      That would be my guess, Natasha, unless they dramatically cut back on spending, not something you want to see from a company on an "aggressive growth trajectory" in the words of Mr. Jason Reid.

    • >>The div. helps the vauleation and so does the future earnings.<<

      How does a dividend help future earnings? Seriously, I don't understand this statement.

      With respect to the valuation, this was one of the problems early on. The company has paid out more cash as a dividend than it has generated from the business in terms of free cash flow for every quarter except 3Q2011. The stock has been valued according to a dividend yield instead of being valued according to the amount of free cash flow (and expected future free cash flow).

      This is why it was compared to a ponzi - because, in a ponzi, people get excited enough about the cash coming back to them that they ignore the fact that the cash coming back is being funded by the new cash being raised. While the company hasn't raised cash in awhile, it's quite possible that 4Q2011 free cash flow is less than the amount of dividends paid.

      >>You didn't comment on everything they did do and in a pretty short time.<<

      Look, it's great that they did so much in a pretty short time, but that doesn't many that the stock deserves this valuation.

    • "Neither he nor I claim that this is a ponzi scheme."

      You haven't but he has referenced it many times. The div. helps the vauleation and so does the future earnings. Thats what most companys go by. You didn't comment on everything they did do and in a pretty short time.

    • >>I'm sure the Reids can both read and write. I believe it would be respectful of them to use proper grammar in making posts, if for no other reason than one's own self respect.<<

      Are you claiming that sambrick is one of the Reids?

      >>The comma comes before "but" not after.<<

      Actually, it's inappropriate to use a comma before the "but" in that sentence since the phrase proceeding the "but" didn't have a subject in it.

      Maybe you should know grammar rules before you decide to correct sambrick's posts.

    • You are very young, I think. I abhor ignorance of language and grammar.

      The comma comes before "but" not after. It is interesting how such a grammatical error detracts from the message. But the ones who use "i" in lieu of "I" are really disrespectful to the English language. When I see "i" used as a personal pronoun, I don't even read the message, since the one posting probably doesn't know what he is talking about.

      I'm sure the Reids can both read and write. I believe it would be respectful of them to use proper grammar in making posts, if for no other reason than one's own self respect.

    • >>Little Natash often trouts out the "lottery" analogy. It's a really bad one for us long-time longs. <<

      The lottery analogy is perfectly appropriate when you claim that the stock price is evidence of your stock picking prowess. You are an idiot, amedaus. You merely happened to get lucky when you joined the GORO cult.

    • >>So when you say we got lucky and we listened to the drunk on the corner, I think your dead wrong. The Reids did a pretty darn good job. <<

      This doesn't mean that GORO deserves the valuation that it has now.

      >>there a ponze scheme because they sold some shares,<<

      Neither he nor I claim that this is a ponzi scheme. We merely tell you guys that the dividend isn't proof that this company deserves it's high valuation and that it's easy to pay high dividends when a company raises money by selling stock.

    • Yes, but the 43 101 is good a first step. GORO will also need to write a feasibility study to show they can commercially mine the reserves. That they are doing so presently holds no water with SEC.

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

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