This stock has weathered many other negative news with little or no damage. One thing that puzzles me is the fact the comp increased the divs during the qtr, likely knowing the lower production profile...I believe we are looking at a short term issue, and as such may be able to get more shares at a great price.
I think it will be short term as well...The question is how big will the sell off be...GORO has held up better in this negative environment for gold and gold stocks than probably 98% of the gold stocks out there...The underlying weakness across the sector makes me think the sell off could be substantial...It'll be a good buying opportunity for some that's for sure...This is probably the best run mining company out there..
>>the comp increased the divs during the qtr, likely knowing the lower production profile.<<
Here's what may have happened. The Reids may have realized that shareholders were all expecting a dividend boost back then. They probably wanted to avoid raising suspicions if they didn't raise the dividend, and they probably knew that they could buy themselves another 75 days before they would be forced to disclose the problems in order to try pulling a rabbit out of a hat. Maybe they were hoping for a Turkey deal or something in those 75 days, or maybe they were hoping that the street would be fooled by that preliminary 43-101 press release.