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Gold Resource Corp Message Board

amhunglo 10 posts  |  Last Activity: Apr 21, 2014 10:42 AM Member since: Nov 6, 2003
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  • amhunglo amhunglo Apr 21, 2014 10:42 AM Flag

    underground stock scamlerts: My doorman went broke because of this site. Warning

  • amhunglo amhunglo Apr 18, 2014 9:22 AM Flag

    My doorman went broke because of your site. Pass that along.

  • Reply to

    "Mexican Taxes for Dummies"

    by ipdaily69 Mar 31, 2014 1:52 PM
    amhunglo amhunglo Apr 1, 2014 10:18 AM Flag

    Continued
    One additional point. The Reids conveniently stopped reporting any specifics regarding the amount of open pit ore that was eventually combined with L'Arista ore. One could conclude the high yield milled during the early quarters of production from L'Arista was a result from premium open pit ores blended in and therefore the Reids interpretation of the 43-101 was purposely deceptive. Again, this theory was discussed and dismissed with the usual labels attached to any contrarian view of GRC. You were either a short or a naked short and therefore your opinions must be worthless and therefore censored or banned. Lord of the Flies type logic. Funny how seeming intelligent people revert to basic primordial behavior when threatened. A post grad psych student would have had a field day on that private board

  • Reply to

    "Mexican Taxes for Dummies"

    by ipdaily69 Mar 31, 2014 1:52 PM
    amhunglo amhunglo Apr 1, 2014 9:58 AM Flag

    Why did you exclude Jim and Nanette Reames from your list of GRC enablers. Immediately after the 43-101 report was released, a financial blogger whose name escapes me took out his calculator and dissected the resource numbers and the actual ounces attainable for sale were a fraction of the headline number the Reids wanted the market to see. Immediately his math was attacked by the usual suspects, Joe Nordgard and the Nose. I took a crack at the math as well and posted a step by step breakdown that mimicked the bloggers. The Reids 1.4 mill ounce resource, after removal of base metals, dilution, ratio rebalancing, and elimination of already mined product proved to be only half the headline number, 700k ounces. Of course the same self appointed GRC protectors lashed out at me for daring to question the "honorable" Reids. Then Jim and Nanette Reames did the calculations and concurred with both the blogger and myself. But as we know to well, the faithful GRC supporters, including Jim and Nanette Reames dismissed the new math and instead grasped onto one of the talking points the Reids purposely included into the report which was "actual mining has delivered a higher grams per tonne yield and therefore the entire envelop must be under reported". The faithful ran with this talking point and the rest is history. GRC price collapsed. Yield faltered. And after several years of mining, the 43-101 proved an accurate view of the defined resource, despite what the Reids wanted shareholders to believe. I sold out the day after I did these calculations. Investors like Barsolid jumped in, because in their minds lower price equals cheaper stock. Not here to say "I told you so" but it confounds me that anyone with basic math skills should have understood that day that the resource was a fraction the size compared to the story the Reids had perpetuated for years. You can lead the ignorant to the facts but you can't make them think.

  • Reply to

    Chart time

    by amhunglo Dec 13, 2013 5:09 AM
    amhunglo amhunglo Dec 14, 2013 12:09 AM Flag

    Are you really this ignorant. You blame price as the culprit of gold's recent woes but the impetus is not price, its demand. And despite all the nifty goldbug bloggers that insist there is a shortage of physical, the laws of demand scream a different sound. Keeping blaming JP Morgan for all your bad investments if that gets you through the night. Falling production and falling price...That is a very ugly combo that you will have difficulty explaining. For me the explanation is simple......the world moved on leaving only the bag holders. But you keep hanging in there believing IT WILL BE DIFFERENT THIS TIME........
    Now for your average cost misconception. Average production cost is relative only to the mines remaining open. As the higher costs mines shut down, average costs drop dramatically. Funny how mines survived at $600 gold just 6 years ago...but now $1250 is below cost...not for the survivors who muddled through the last 30 year drift
    ..the stuff people NEED to believe is always fascinating..

  • Reply to

    Chart time

    by amhunglo Dec 13, 2013 5:09 AM
    amhunglo amhunglo Dec 13, 2013 3:08 PM Flag

    Yet under those conditions, Au has dropped $700. And limited quantity?...Gold doesn't get consumed, the quantity is increasing every day. If gold is so limited, why are mines closing production? Are they short sighted? How long will recent gold investors decide to carry their losses plus the costs associated with it? Looks like a bubble, feels like a bubble...but this time it's different?

  • amhunglo by amhunglo Dec 13, 2013 5:09 AM Flag

    Since Yahoo doesn't allow links, let me walk you thru the steps to pull up a long term chart on gold.
    1) Go to Kitco site
    2) Click on "charts and data" at top
    3) In left column, click "historical charts:Gold"
    4) At very bottom, click 1975-2013 in "multi year" box, then "view charts"

    Now tell me why gold won't be settling back towards its historical norm?

  • So quiet. No one cares here and it appears Mega-promoter Jason Reid has nothing to report from down under. So let me get this straight. It will have taken GRC 365 days to retool the flotation circuits and bolt down a new ball mill. Gotta love this "world class" management team.
    And would someone help me understand how laying off 60-80 workers jibes with increasing mine/mill production 100%. Something stinks in Oaxaca and the lack of any material info from management speaks louder than words. Expect another shoe to drop IMHO.

  • amhunglo by amhunglo Oct 26, 2013 4:43 PM Flag

    Former long here who escaped GRC after the unimpressive resource report was finally published. From my experience, the Reids are carnival barkers who don't deserve the time of day let alone someone's capital. Invest with the Reids at your own risk. I still follow this debacle and I have to ask.....why does it take a year to install a ball mill and add a row of flotation units? Why did they sell equipment to boost the cash level? Why did the brain trust of this operation jump ship? Expect the worst when it comes to this team. There are better silver/zinc operations out there...if that's your thing.

  • Current metal prices are 5%-10% lower today than in Q2
    Ratio is 8% higher today than in Q2.
    The cash cost/ounce has skyrocketed 30% since last Quarter...from $515 to $645
    Treasury bullion has been reduced by $1.6 million....a 30% drop compared to the 14% drop in PM prices during Q2.
    Expectation: unless SORO mines and produces the highest grades at an increased rate...and PM prices drastically improve...Q3 will be ugly. And lets not forget the potential overhang of Hochschild liquidating another 3.4 million shares this quarter.
    At least the dupes will get 3 cents out of it....Go SORO

GORO
5.45-0.19(-3.37%)Jul 30 4:00 PMEDT

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