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Gold Resource Corp Message Board

  • keepshorting keepshorting Apr 29, 2013 9:38 PM Flag

    from the private board

    "You have to have the right management team.

    And I'll give a quick example without mentioning the company. But there was a
    company that we had as a speculation some time ago, it's off the list now. And
    I liked everything about the company. I liked the location, I liked the asset,
    I liked the geologists: I liked everything. But the management team was weak
    and I knew it. And I went ahead and did it anyway. And it turned out that
    nothing changed: those rocks haven't changed, the location hasn't changed, the
    asset hasn't changed, in fact it's quite at a discount right now. But the
    management was weak. And because of weak management, that one vital ingredient,
    this company really it's gotten beat up more than maybe many other companies,
    and they're all pretty much beat up....

    That was something that I'll take the blame for. I got a lot of questions on
    that one."

    Anyone have any idea what company he could be talking about? :)

    If it's GORO, I think it's very positive for the stock, as it shows that a
    sophisticated investor thinks the asset is strong and it's trading at a
    substantial discount for a reason. Hopefully, new and better people are running
    the mine, in which case we may have a lot of room to run.

    Can anyone here confirm that GORO is off his recommended list?

    -- W

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    • The author was David Morgan. And he is being referred to as a sophisticated trader? Anyone who knows anything about this sector knows that David Morgan is one of the biggest weasels in the industry. He is nothing but a PAID PUMPER. LOL @ sophisticated trader. Cant stop laughing.

4.93+0.24(+5.12%)Oct 23 4:01 PMEDT

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