Sun, Dec 21, 2014, 5:44 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Gold Resource Corp Message Board

  • keepshorting keepshorting Apr 3, 2013 12:21 AM Flag

    gold, silver and base metal prices have been slaughtered

    everything across the board has been slaughtered. can't be good for GORO. $10/share is imminent.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Using the "payable metal sold" ounces from Q4, substitute today's PM prices into those numbers....and guess what . Revenue is reduced $4.5 million. Exactly the $$ amount SORO pays out on 3 months of dividends.
      Two points to consider. 1) According to SORO estimates, production will be flat in '13. 2) Management stated that a 39% payout ratio was to high......when Au was selling for an average of $1691 and Ag at $36 ( an Au/Ag ratio 0f 47/1). Today, Au is $1570 and Ag is $27 (a 58/1 ratio)
      Conclusion: the dividend, as it is currently constructed, is toast unless production gets ramped up significantly

 
GORO
3.17+0.21(+7.09%)Dec 19 4:01 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.