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Gold Resource Corp Message Board

  • keepshorting keepshorting Feb 6, 2012 2:22 PM Flag

    still no 43-101

    been waiting 5 years for one. still no 43-101. i wonder why?

    look up mark twains famous quote about a mine and a liar. lmao!!!

    dont worry shareholders, we got the gold: trust us :) ...says the folks who double counted base metals, excluded royalties from cash costs, and missed 100% of their deadlines. lmao!!!!!

    they are going to use GORO as a case study in universities on how humans are blinded by greed. maybe they will use me as a guest speaker. love to do it.

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    • >>every company in the world guides expectations downward. <<

      So, should we simply expect GORO to lower all guidance that they provide??

      Strange statement.

    • <<Newsflash to Bengy: every company in the world guides expectations downward. You complain about high targets and misses, now you complain about lower targets.>>

      But responsible managements don't tell their shareholders that "we are pleased..." or "we are excited..." while they are dumping the lowered expectations on them.

      And that is the disingenuousness you should be focusing on, I think, Pearhedz.

      Not complaining. Rather bringing up for discussion, hoping that someone can offer solid substance that what I am bringing up is positive. To date, that has not happened, unfortunately, Pearhedz.

    • <<Not a rhetorical question. What do you do when facts change?>>

      I believe you mean "IF" the facts change, Pearhedz. The facts change all around us, everyday. In the business world, one can often use the past to determine in which direction the facts will change. And they will likely be changing negatively for this company.
      I wish I could say otherwise. If I CAN say otherwise, you will be the first person I say it to, okay?

      <<You are so obsessed with sticking it to everyone over ancient comments that it does seem like you do not adjust when facts change.>>

      Tell me what "facts" have changed in the past 6 weeks that should make me "adjust"?

      <<By something negative, I guess you mean metal prices. As has been said a million times, the metal prices are the metal prices and are mostly out of anyone's hands.>>

      Management has "made its own bed" by rpeorting production on a gold-equivalent basis. Prices should not affect units produced in the business world.

    • Newsflash to Bengy: every company in the world guides expectations downward. You complain about high targets and misses, now you complain about lower targets. Complain, complain, whine, complain. Why don't you just buy the stock and start making some money. Might reduce your need to complain incessantly and inconsistently.

    • By something negative, I guess you mean metal prices. As has been said a million times, the metal prices are the metal prices and are mostly out of anyone's hands.

      Not a rhetorical question. What do you do when facts change? You are so obsessed with sticking it to everyone over ancient comments that it does seem like you do not adjust when facts change.

      I said "they" not "I" so I don't really understand your final comment. It looks to me like another one of your lame efforts at a false attribution.

    • >>Maybe management feels that the gold/silver ratio is more likely to expand rather than contract. That is, as the ratio expands (moves higher than currently), fewer AuEq ounces will be produced.<<

      So, in other words, you're saying that maybe management is reading keepshorting's posts.

      Gotta Laugh!

    • <<You actually have no idea whatsoever why they changed their estimate for 2012. (And neither do I.) You are guessing. And your guesses are ALWAYS have a negative slant.>>

      Yes, that is a negative slant. Tell me a positive slant for a company dropping its production estimates.

      Yes, I AM guessing.
      I am guessing based on the fact that their stockpiles have depleted significantly over the past three reported quarters.
      I am guessing based on the dramtically rising unit costs to replenish the stockpiles in that time.
      I am guessing based on the rising unit costs to mill the ore in that time.
      I am guessing based their rising "cash costs" estimates for 2012.
      I am guessing based on their pullback in exploration expenditures last year (when they should be growing them).
      Costs are not revenues, you might say? They certainly are when a company has to balance its cash with its growth.

    • "Obviously they are seeing something in their business recently that has made them hedge downwards. They are signalling a negative to the Street, in my opinion."

      You are like Shorty, Engy. You see everything through "negative" colored glasses. You actually have no idea whatsoever why they changed their estimate for 2012. (And neither do I.) You are guessing. And your guesses are ALWAYS have a negative slant.

      Let me provide a different possibility for the change to 120k-140k instead. Maybe management feels that the gold/silver ratio is more likely to expand rather than contract. That is, as the ratio expands (moves higher than currently), fewer AuEq ounces will be produced.

      It could be the above, or it could be yet another reason. But at the end of the day, even if they only produce 120k ounces AuEq in 2012, that represents an increase of about 80% over 2011 levels.

      Now tell me whee the negative is in a mining company increasing production 80% year-over-year. I am sure you will come up with something. Again, you show that you care more for the trees than the overall forest.

      Amadeus

    • <<The hedge is perfectly understandable. How many ounces AuEq they ultimately produce within any given time span is not completely under their control. The production will fluctuate depending on the gold/silver ratio.>>

      <<You seemed to have "missed" my reply to your question. So I repeat it below.>>

      Sorry, Anadeus. It was not my intention to slight you or ignore you in any way. Thanks for the reminder.

      Using a range only makes sense when projecting future operations. That is why I could never understand why Mr. William Reid stated specifically that the company would produce a fixed 90k ounces (they did 66K) last year. Apparently that was his "M-O" all along.

      But management has chosen a range using 140K (the previous fixed number) as the high end of their range (120K-140K). Rather than 140K as the midpoint (say, a range of 130K-150K).

      Obviously they are seeing something in their business recently that has made them hedge downwards. They are signalling a negative to the Street, in my opinion.

      Hope this helps clarify my thinking on the subject. Thanks for the opportunity.

    • Engynear: <<Why the change, the hedge?>>

      You seemed to have "missed" my reply to your question. So I repeat it below.

      Engy,

      You are showing your ignorance of the industry once again. Not good for someone who has spent as much time as you have spent researching this stock. The hedge is perfectly understandable. How many ounces AuEq they ultimately produce within any given time span is not completely under their control. The production will fluctuate depending on the gold/silver ratio.

      Amadeus

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GORO
3.18+0.12(+3.92%)Dec 26 4:00 PMEST

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