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Andatee China Marine Fuel Services Corporation Message Board

barsolid77 15 posts  |  Last Activity: Jul 17, 2015 5:52 AM Member since: Feb 23, 2011
  • Reply to

    Quarterly production

    by beadhead_bully Jul 16, 2015 6:36 PM
    barsolid77 barsolid77 Jul 17, 2015 5:52 AM Flag

    Natasha, sorry but your answer is absurd. Of course production has a direct connection to revenue. Why attempt to increase hours, cap-ex, etc. in the midst of a major pricing depression in your commodity. Very good way to go bankrupt and I for one know this personally due to my decade long exposure to cyclical industries in ownership positions. A time to plant and a time to reap and a time to sit quietly and wait.

    Now the second part of your statement has some truth. It is definitely a good question as to whether or not to hold this posiiion. For me personally I have clearly stated that it is a contrary position and that I am waiting for mid 2016. Whether this is smart is very open to question, but then contrary positions are often uncomfortable for periods of time before they pan out, but still if you've been following me I have made it clear to any that Goro is definitely a risky speculative position and not for the faint of heart.

    As to your valuation of .90, well I just disagree with your quantitative analysis that gets you to such a low number. To my eye any pricing under 3.50 is now very cheap for Goro, but again at any price Goro is a speculative investment. Jmho

  • Reply to

    Quarterly production

    by beadhead_bully Jul 16, 2015 6:36 PM
    barsolid77 barsolid77 Jul 16, 2015 11:53 PM Flag

    With pricing, etc. the way it is right now, why would any reall adult want to take on this challenge. There is very little there with silver at 15. Most miners are doing very badly in case you missed it all.They are just holding the fort until things change and I for one do not believe that someone else would do all that much better and truthfully might do even worse. Just time to calm down and wait. Watching paint dry in the rain. And BTW, I've been very consistent for a couple of years so again the trauma seems unnecessary.

  • Reply to

    Quarterly production

    by beadhead_bully Jul 16, 2015 6:36 PM
    barsolid77 barsolid77 Jul 16, 2015 7:24 PM Flag

    Bead I am surprised by your dismay. That is about 1/3 of output of 20,000 ozeq which is pretty much what was expected. Disappointing absolutely, but not surprising and with gold at 1150 not 1200 and silver under 15 I am still amazed that anyone even bothers thinking about 200,000 ozeq anymore. The stock price was 20+ to support those outputs. We are now under 2.50. Completely different valuation here.

    Now whether Goro is sustainable at these very depressed prices is a good conversation to have, but continuing to flail a dead horse for ancient projections in a completely different pricing environment seems like trying to count angels on the head of a pin. A totally worthless intellectual exercise. As always I am looking for a possible precious metal price rally in 2016. Anyone expecting movement sooner is just wishing. Jmho

  • barsolid77 barsolid77 Jun 26, 2015 9:05 PM Flag

    I just re-read your post and realized that you were making fun of me for a positive trade. Again, I don['t remember that specific trade, but I do remember many others many positive and just for info, I would never make fun of someone about a positive trade. It just shows incredible arrogance, especially since you don't have any idea what I did differently with the money. Yes, Natasha and her Nflx trade is nonsense, but so what, you are nonsense tambien. On ignore. Waste of time

  • barsolid77 barsolid77 Jun 26, 2015 2:40 PM Flag

    I don't remember owning Nflx so it couldn't have been much of a position and I don't remember ever really commenting on it except to the extent of who cares, but then with age comes forgetfulness. If I made a good trade thanks for reminding me, Lol.
    I still don't see what difference Nflx makes in relation to Goro, but then it might just be my stupidity. glta

  • barsolid77 barsolid77 Jun 25, 2015 7:20 PM Flag

    Isn't this a Goro board. Why do we even care about Nflx? Waste of time for all concerned. Petty old women bickering about their cats. Lol

  • Reply to

    Be Ready!

    by cammiesimoes6706 May 19, 2015 10:10 AM
    barsolid77 barsolid77 May 19, 2015 8:16 PM Flag

    If I had a nickel for every time I get mentioned on this board. It almost makes me feel important. Lol, Very stupid people. Especially since nothing is ever said. And BTW, your spelling it wrong, but why would I expect otherwise, it's Barsolid for your information, Well at least I don't pee on myself daily as you claim. bye now

  • barsolid77 barsolid77 May 16, 2015 3:03 AM Flag

    None of your business

  • barsolid77 barsolid77 May 15, 2015 5:18 PM Flag

    What makes you think for a moment that I am not invested in other sectors? Remember, I don't even have half of my final position in PMs extablished at this time. Ygain, you guys are morons, and foolish children.. Profits in one area are balanced by sort term contrary losses in another sector if one needs the tax write offs. But that is way too much info for me to give to A-holes like you so bye.

  • barsolid77 barsolid77 May 14, 2015 10:41 PM Flag

    Your right for sure. I should have invested in ANV or one of the other juniors. My money would definitely be safe there. You're an idiot. Considering the disastrous silver prices over this quarter .09 is only slightly short of terrific, but then for Super Heroes like you I'm sure that you could probably earn $1.00 per share for this quarter without even breaking a sweat. Just wave your magic wand. This is stupid; tired of talking with morons, bye.

  • barsolid77 barsolid77 May 14, 2015 4:20 AM Flag

    Bead, thanks for an intelligent answer and you really won't raise my ire with intelligent, but let's be truthful here, IP and Engy are nasty and deceitful creatures who hide in the dark and yes I am finally tired of their insults lies.

    Moving on and responding to your comment I find the following to be mostly true;
    a) Many miners transfer miscellaneous PM outputs to a single number using this ratio process. I don't especially like it, but since Goro r3peatedly announces, TPD, and gold and silver outputs along with even base metal outputs and grades on a very regular and transparent basis I do find fault with Engy twisting facts to present management as in some fashion devious and manipulative.
    b) I agree that the gold/silver ratio that Goro has used over the last couple of years has often ended over-estimating the price of silver, considering that historically these present ratios are very unusually high (more normal is around 40-1 and many believe 16-1 is the long term real ratio number) and also that silver has consistently lost value over the last few year where it is now the same price as it was over 6 years ago and that is not corrected for inflation. 64-1 is quite a pessimistic prediction for Goro to propose. You may very well be right that even this 64-1 ratio will prove inadequate and the final number will be over 70 but it has got to be tough to sign on to that amount of devastating pricing in your industry when one is attempting to run a business. Also despite whatever the prediction might be for PR it is obvious that they are responding well to even worse pricing as shown once again by the adequate revenue and profit numbers from the first quarter. I could see the importance of your point if Goro had a huge debt as per ANV which led to bankruptcy if the silver/gold ratio exceeded their estimates, but jeez, these idiots are still even paying the dividend while reflating the cash position of the company Treasury.
    I mean what??

  • barsolid77 barsolid77 May 14, 2015 12:25 AM Flag

    BTW on March 19th the company specifically stated 35,000 oz gold and 3.2 million oz silver at a 68-1 ratio in 2014 and then a month later stated 80-90,000 ozgoldeq at a 64-1 ratio. The first quantity of gold/silver added up to around 83,000 ozgoldeq at a 68-1 ratio so what are the totals going to be for output of the same volume goldeq at 64-1 ratio. How much clearer can anyone be. Now whether they make these numbers, whether the grade levels stay steady, whether the cost stay low, etc. we can all guess about those, but making lying claims that management has not stated the goals clearly is just total BS. And yes, I don't believe that compensation at Goro is especially unreasonable considering the recent quarterly beat of earnings from .05 to .09 per share and the continuing dividend and drilling and development progress. You can have your opinions, but most of the mining companies and especially the juniors are either not producing or are losing money and many drastically, while Goro is just idling along expanding the plant/mill, and now replacing the money to treasury that they spent expanding the mill that everyone ranted was going to bankrupt them. And they are not even using the mill efficiently at this point. Just the new Dore initiative is paying for the supposedly inflated salaries and many managements would have been so busy struggling against low prices that this small improvement would have been impossible. AGain, Goro definitely has problem areas and questions, but you all are pathetic liars who hide behind your facelessness and worthlessness as human beings. No problem though, Lol, Jmho

  • barsolid77 barsolid77 May 14, 2015 12:07 AM Flag

    This post is completely disingenuous. They are saying clearly between 80-90,000 ozeq gold in 2015 at a silver to gold ratio of 64-1 and they also have stated repeatedly around 1000-1100 TPD for tonnes of material. Do the math. You end up with about 30,000 oz gold and 3.5 million oz silver plus base metals. Now how hard was that? Jeez, you would do better to get some basic math skills and stop sounding like a math moron. Especially someone with your nomenclature, but then when have you ever told the truth? Also Jason specifically announces the gold and silver outputs on every CC several times and the books clearly show the numbers on one of the first income statement pages. I have some serious doubts about Goro, but your nonsensically trivial fault finding is nothing short of pathetic. Jmho

  • barsolid77 barsolid77 May 13, 2015 12:47 AM Flag

    Natasha, as I stated above you sound like a gossipy old lady. The size of the compensation packages compared to the issues presented by weak PM prices are close to meaningless. Specifically, having to work in an industry where pricing and demand is causing such great difficulties on a daily basis has to be incredibly trying. Never being allowed to be optimistic and yet continuing to do ones best is a very hard row to hoe; not to mention how tough the mining business is even in good times.

    The fact that management is able to continue functioning profitably in this very bad environment should give them some right to be paid a decent wage. We could all argue about whether the compensation is exactly right, but what would be the point. Changing the compensation to your demands (and your demands are not even clear) in no way guarantees more profits or better cost cutting measures. I'm done with the BS. bye

  • barsolid77 barsolid77 May 12, 2015 6:38 PM Flag

    Bead, it may be because you are not following Goro anymore which I completely understand, but your comment about the 64-1 ratio versus 72-1 ratio is very close to completely meaningless (sorry). In order to transfer the gold silver output into either gold equivalent or silver equivalent a ratio must be used. What this ratio ends up being is completely out of the control of the company and depends completely on worldwide prices. The ratio predicted really has no real effect on production output or on any other real point of interest. It is just a way to combine information for simplicity of analysis. Just focus on the real gold and silver production numbers which BTW are steady to slightly improving and ignore the ratio corrections until year end. Obviously, since we produce more silver than gold a lower ratio is better. Over the last few years the falling silver prices have pushed this ratio from around 40 to over 70. This has hurt Goro. The fact that they are still profitable and are still steadily developing the resource base despite this is quite positive.
    Otherwise, I personally have no problem with the compensation that is being paid, with the caveat that I am assuming that the company is getting some value out of Bill's $180,000, though not much is being said. It is my understanding that he is involved with new acquisitions (Canamex and Radar, both of which I like), but further questions might be asked in this direction. Otherwise, this meaningless hen-pecking makes you all sound like little gossipy old prudish Victorian ladies whining about the supposed misbehavings of others.
    Silver prices have fallen to levels seen 6 years ago and yet Goro continues to be profitable, expand infrastructure, put money in the treasury, pay a dividend, continue exploring, make investment in completely new areas and most importantly follow through and maintain output grades and volumes while steadily lowering costs. Paint is drying, give it time. glta

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