tocamaltd, I was wondering the same here, "wondering why so much hate on this stock on the board"?
All the talk on this board about management lying to their shareholders to talking about fraud. I cannot find anything of this anywhere. So I am thinking it is just short seller chatter to drive this one down.
If anyone here can can share with proof of this please help us out here. If no proof can be given then this is the buying opportunity of the year.
I wish management would issue a press release of what is going on with their stock and announce a share repurchase at these ridiculously low prices. This one is being bear attached for some reason, I cannot figure out why. Anyone else know what is going on here???
"" All the talk on this board about management lying to their shareholders to talking about fraud. I cannot find anything of this anywhere. ""
Then you're obviously not looking - probably because you already bought the stock and now you're pretending that it never happened. Hilarious.
"" If anyone here can can share with proof of this please help us out here. If no proof can be given then this is the buying opportunity of the year. ""
Don't waste your time doing any research about this company. Simply rely on message board posters to provide you with all of your research and to perform off of your analyses for you. Please buy as much GORO stock as you can.
"" I wish management would issue a press release of what is going on with their stock ""
Why do you need a press release? Can't you read a stock chart?
"" and announce a share repurchase at these ridiculously low prices. ""
These aren't ridiculously low prices. The stock is still overvalued. And how many times do you need to be told that a share repurchase plan already exists? You were already lying on this message board all weekend definitively claiming that a share repurchase was going to be announced today. That is fraud that YOU committed. YOU are guilty of violating securities laws. It's not a surprise that misleading management teams don't bother you given your willingness to break the law.
"" This one is being bear attached for some reason ""
No, the short interest is 1 million shares less than its high. The stock is plummeting because more and more Long are dumping their stock - just like Hochschild.
This stock can go down if metal prices just stay on present level. In this case, dividend is not sustainable, must be discontinued and this can push stock price lower. It is the most immediate reason for possibly lower price here.
Also, it is questionable whether company makes money now. You could wait until earning statements to get clearer picture in this regard: precipitous drop in metal prices has created lot of uncertainty about miner earnings. So far, it looks that company doesn’t make money at the moment.
Regarding hate, it is mostly reaction to old time hyping, i.e. GORO promoters were too active and created enemies on their way.