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Gold Resource Corp Message Board

  • keepshorting keepshorting Apr 28, 2012 1:57 PM Flag

    folks - in my opinion, the reids are being deceptive

    1) they are using an artificially low number for gold to boost the aueq count. They used 1000 instead of 1650. In my opinion, this is fraud. They are banking on the fact that investors won't read the fine. It has worked in their favor.

    2) they are double counting the base metals. If the base metals are being used as cash credits towards production, then they cannot be counted as part of the aueq count. Once again, i believe thi is fraud.

    Bottomline: using current numbers, the true aurq count is below 900,000. Comparing goro to its peers, the market cap should be 200 million or lower.

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    • "they are using an artificially low number for gold to boost the aueq count. They used 1000 instead of 1650. In my opinion, this is fraud. They are banking on the fact that investors won't read the fine. It has worked in their favor."

      You are an utter and complete moron, Shorty. It always continues to amaze just how stupid you really are.

      The dollar figure for gold has NOTHING WHATSOEVER to do with the AuEq count. It is the gold/silver ratio which has everything to do with the count.

      So quoting gold at 1,000 mean nothing. It is gold at 1,000 and silver at 20 which means something. The gold/silver ratio used was 50:1, which is perfectly fine.

      We all realize you think the ratio is going to 100:1. But that is your fantasy world. Obviously, PAH believes a 50:1 ratio is more appropriate for reality.

      Gotta laugh!
      Amadeus

      • 2 Replies to amadeus4153
      • Funny how you are now an expert on the gold/silver ratio. It was never discussed on this board until i brought it up. Even using 50:1, that internal estimate shows less than 900aueq (using today's numbers and excluding base metals). In other words, the market cap of goro exceeds the after tax value of the metal in the ground. 10+ years of gambling in this sector and this is the first instance ever of this happening. It is an anamoly that will be corrected this year.

      • Amadeus,

        You are wrong, as usual. That aueq includes copper lead and zinc. Using 1000 gold moves the ratios in such a way to artificially boost aueq. Once again, u refuse to use ur brain.

    • Just another half truth from the short bus. They're also booking the silver @ $20 so the ratio remains roughly the same. Nice try though.

    • Then why aren't the institutionals dumping shares with the report, shyster???
      In my opinion keepshorting is being deceptive....again!

 
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