God, you all are a total waste of time, and no morons, I am NOT short Goro. I've been putting in a very long term long position for a couple of years, thank you very much..
Just not one of the basher or cheerleaders that rave constantly about useless stuff and pay no attention to the real developments of the company.
This is going to take time. Goro has neither the financial nor the organizational capacity to just explode, either production or grades., which would lead to exploding profits and dividends.
Having said this does not mean that Goro isn't going to achieve some if not most of their longer term goals and this would be due to a couple of items that they happen to be good at. 1) They seem to acquire mining areas that others overlook very cheaply and these areas are usually very easy mining locations so that their limited production and organizational abilities are not overtaxed. 2) These areas also seem to allow a developmental process that gives the company adequate cash flow though out the process so that they can maintain a very conservative financial structure in terms of stock placements and debt that thereby lessens the stress on the company, again not taxing the financial/productive capabilities of the company. 3) Goro does seem very committed to giving shareholders significant dividends whenever possible.
As I have been stating for years, accumulate under $3.50 and then be prepared to wait. Also re-investment of dividends while only around 3%, over time tends to slightly leverage this process. When ever we get a PM rally with gold over $1400 and silver over $20 then Goro will be a very profitable leveraged trade on this price rally. Until then, just let Jason and team development this company in their very tortoise-like fashion and have a drink and a nap. glta
Why do you even care. Let it alone already. It gets in the way of board communication just as it did when IP and others did it. give it a rest. TIA
If you are referring to me, I have never recommended buying and selling Goro. Always buying and holding for 10 years or so. But it still makes some sense to add to positions when pullbacks occur rather than to chase short term leg ups. Anyway, JMHO and glty
Prediction is always difficult, especially when about the future (Yogi, paraphrase), but I agree. A retest of 50dma at around the 2.90 mark and then some sideways. The real question is the next leg and that will take another leg for PMs well above 1300 for gold and 19 for silver. It does feel likely, but?? anyway, glty
No, goro is not oversold yet. 50dma is at $2.58 and rising. I'm expecting this move to find $2.80 or a nickel more before being significantly oversold. RSI still over 50. Hang on. more to come. and glta
Goro got to 3.20 a little too fast there. Probable pullback off the 50 day upcoming, but after that we will see. glta
No offense to anyone, but don't you guys ever grow up, maybe just a little. Nothing is happening, going to take a while, hang on and wait. Good luck to all, but please try to stop sounding like #$%$ old women. Thanks glta