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Gold Resource Corp Message Board

  • money_driver money_driver Apr 18, 2013 10:43 AM Flag

    Basing your price on a dividend payout...

    ...has to be the dumbest way to invest in a junior mining company ever. Sure, nothing ever changes with a junior mining company. They always hit their estimated production marks, always do things on the up and up, etc. LMFAO. You have to be as dense as dark matter to think that a 6%, 8%, or 10% dividend payout makes it worth investing in this rotting pile of garbage.

    Great, with a 10% dividend you'll be paid out in 10 years, too bad the company only has 3 or 4 years worth of metals. LOL

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    • During SORO's first year of production, daddy's boy President Jason Reid constantly pointed out that stable PM producers that paid dividends yielded a 1% rate of return and he felt SORO must be judged based on yield....therefore SORO needed to be valued multiples higher than its stock price. Cult enthusiasts like Always Wrongadeus grasped onto the concept by claiming SORO therefore was a $50-$60 dollar stock.....of course they ignored more relevant issues like resource size and peer valuations. Even when you pointed out current valuation was higher than the value of proven metal in the ground, they covered their ears and regurgitated the Reid bullet points. Amazing.... seemingly educated people choose what they want to hear and ignore what interferes with a great story.
      Lesson learned....right Wrongy

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