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Gold Resource Corp Message Board

ipdaily69 42 posts  |  Last Activity: Mar 28, 2015 3:35 PM Member since: Sep 15, 2011
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  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    ipdaily69 ipdaily69 Mar 28, 2015 3:35 PM Flag

    Many on this board have shared stock info with BarStupid.......but he refused to heed warnings regarding the Reids and their SORO manipulations for personal gain....like the most recent insider sale of the golf villa HQ. If stubborn BarDuped actually paid attention to our warnings, he might not have an 80% loss in SORO. Sounds like you and BarBroke owned another money loser in DC??........If Barry was in it......of course it was a loser.

  • Reply to

    Dividend-in-Kind.....yes, again!

    by engynear Mar 27, 2015 9:31 PM
    ipdaily69 ipdaily69 Mar 28, 2015 11:14 AM Flag

    ...continued
    3) GOLD Resource Corp ( the company name is their grandest deflection of all. As Jason slyly mentioned in this last CC, SORO is now essentially a base metal miner first and foremost....regardless of the hopeful name.)
    4) Gold Equivalent (from day one, the GOLD gimmick was in play....Pretending to be a gold company despite producing 100 times as many ounces of Ag vs. Au. Fanboys loved to be owners of a gold stock. It's prestigious......dupes like AlwaysWrongadeus would hit the cocktail circuit bragging about their pretend gold stock and their dividend in kind.................
    ..........And that's all SORO has ever been.....an imaginative story based on false pretense, exaggerations, and mistruths based on the gimmicks created and perpetuated by the most favored son whose single most important qualification to be CEO of SORO is his DNA.
    Can't wait for the next round of excuses....I love fiction.......Reid fiction

  • Reply to

    Dividend-in-Kind.....yes, again!

    by engynear Mar 27, 2015 9:31 PM
    ipdaily69 ipdaily69 Mar 28, 2015 11:03 AM Flag

    ...continued
    Jason's gimmicks....
    1) Gold and Silver dividends ( Engy calculated the current demand for dividends in kind {1% of dividend payouts} and the yearly costs to deploy this gimmick {$100,000}. I have to believe the reduction in monthly dividend from 6 cents to 1 cent has had the biggest impact on the popularity this gimmick. Regardless, shareholders need to analyze cost with benefit and from my point of view, SORO tries to set itself apart from other small miners based on a gimmick. I have to believe that most prospective investors see through this gimmick and likely wonder why this company needs to use gimmicks to set itself apart. "When there's smoke there's fire"...or should I say....When there is gimmick, there is deflection)
    2) Monthly dividend (I'll admit from an investors prospective, the monthly dividend is quite unique and pro-investor.....but........I question the added costs due to 8 additional payouts each year vs standard quarterly payouts. Given the minimal current payout {1 cent}, the significance of the impact of the monthly dividend has been marginalized as well.)
    Another cost ineffective gimmick perpetuated by the son that takes away value from the company despite what the boy CEO has investors believe. At the end of the day, SORO is a simple math formula....ounces times price minus costs.........but Jason continues to believe investors don't pay attention to unnecessary costs. Find me one fund that values dividend in kind over bottom line.
    PS.........Jason's biggest gimmick is his use of deflection. Terms that he incorporates into every PR/CC
    1) Record production ( ignores record target misses.....200k ounces estimates turn into 85k ounces of production but only 69k ounces of actually sales)
    2) Compilation of total dividend payout ($100 mill is a big number vs 1 cent a month. Wonder why GE doesn't sum up their total dividend payouts?
    ...continued

  • Reply to

    Dividend-in-Kind.....yes, again!

    by engynear Mar 27, 2015 9:31 PM
    ipdaily69 ipdaily69 Mar 28, 2015 10:21 AM Flag

    ...continued
    So lets talk about the false narratives perpetuated by the most favored son and future SORO CEO...
    1) Multiple projects on this historic trend line......L'Arista, Los Margariitas, El Rey, etc etc etc. (I have forgotten all the names that Jason used to include in his presentations......it is a 50 mile trend line so this project had to be epic in scale, in resources, in longevity.....according to Jason)
    2) Zero cost miner..."unprecedented in the mining industry" ...(still is...........Of course Jason neglected to include royalty costs in his description of "zero cost"........ why quibble over basic mining standards of accounting if no one complains.....until they do. The fact that base metal sales are carrying this company right now further proves the audacity of Jason's narrative given the costs booked currently)
    3) Mine gross profit.........(when your cult is so mesmerized, why not create a new accounting standard that only applies to your particular company. The private board fanboys slurped up this new terminology and defended it even after analysts destroyed that creative narrative during a conference call)
    4) L'Arista ore will run through the mill while open deposit ore and newer project ore will run through the leaching circuit. (Sounded amazing at the time. Little did the fanboys know but the highest grades of open pit ore were set off to the side {after the initial quarter of production} and combined with "L'Arista ore during low grade excavations underground. ....A MASSIVE tease on the part of Jason and his power point)
    5) 1500 tonnes/day and 200k ounces AuEq by 2013 ( Fanboys like Rival had their calculators out counting their future riches)
    6) TSX listing ( the mining savy Canadian investor was chomping at the bit and Canadian funds were patiently waiting for the Proven and Probable report.......ready to dive into SORO once the TSX listing hit the market........still waiting on that one)
    ...to be continued

  • Reply to

    Dividend-in-Kind.....yes, again!

    by engynear Mar 27, 2015 9:31 PM
    ipdaily69 ipdaily69 Mar 28, 2015 9:43 AM Flag

    Jason Reid....CEO of gimmicks.......Perpetuator of false narratives.
    Barry has his head in the sand as usual refusing to connect the dots regarding the sins of the most favored son and his role as co-author of this grand work of fiction........a false narrative so well conceived and executed......mesmerizing goldbugs throughout the land......creating a cult of Soro-istas driving share price past $30 creating a $1.5 billion market cap.......for a bumbling infant miner with no proven reserves. And unbeknownst to this sad lot of dupes, the founders of the Great SORO were executing their exit strategy while the fanboys patted themselves on their backs congratulating each other on their legacy lottery ticket. BRILLIANT EXECUTION by Bill Reid and his fiction department.
    Imagine if the Baron's article never was written. Think of the wealth Bill Reid and company could have captured for themselves. No wonder the push back from Boulder was so emphatic and vicious. Their defense of the $1.7 million golf villa HQ was down-right laughable....described as a depressed asset purchase that would create value for the company in future years (but not for shareholders). Baron also brought attention to SORO's shady financial control methodology/personnel. Part timers / CEO as CFO ........how many CFO's and accounting firms has SORO brought in and run out the door (2 accounting firms this year alone). I particularly appreciated Baron's unmasking of Jason Reid's qualifications. I guess when the President's primary responsibility is "gimmicks", who needs practical experience in the mining industry.....just a wild imagination, a most willing audience, and nifty power point skills.
    ....to be continued

  • First off.......this ridiculous word play the Reids insist on......"Precious metal gold equivalent""".
    Pretending to be a gold miner is bad enough considering the true nature of their deposit. But this exercise of conversion of silver into gold is a enormous waste of time given the reality that all metals turn into dollars in the end. I'm convinced they continue this charade in order to deflect from the reality of their inability to expand operations. Always nice to have a ready available excuse sitting in their pocket......And Jason spent 10 minutes digging in his pocket blaming ratios. DEFLECTION....a Reid staple
    Second.........Jason had his quarterly Greenspan parsing of words. It was his duty to get it out for public dissemination....and if you blinked you missed it. Jason publicly let it be known that SORO is transforming itself into a base metal dependent operation. Clear as day. The target has changed.
    So while Jason endlessly rattles on about AuEq ratios, the reality is SORO is a base metal miner first and foremost. Going for maximum dollars is the right call so I can understand the target shift. Slowly but surely the younger Reid injects a little honesty which has been long awaited. Clap clap. Funny how no mention of skarns, Canadian listing, El Rey, zero cost.......all the key phrases that lured in the dupes like Barry.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    ipdaily69 ipdaily69 Mar 26, 2015 9:46 AM Flag

    BarStupid.......do you actually put thought into your board scribbles??
    Case in point: ...."" and Bead you should be ashamed of cursing the son with the sins of the father.""
    So...in Barry's mind, Jason has not been a willing accomplice in the hype, exaggerations, mistruths, deceptions. Incredible how an addled brain operates. I guess in Barry's delusional world, it wasn't Jason who circled the globe presenting SORO as:
    1) Zero cost miner
    2) 200k ounces by 2013
    3) Legacy investment
    4) Multi-project feeding mill
    5) Canadian listing
    6) dividend driving the share price
    7) etc etc etc
    Sorry Barry that you choose not to confront the cold reality that Jason was the FACE OF THIS DECEPTION. No doubt Bill was pulling the strings....and he had to be given the fact that his son's experience consisted of putting up fencing........but get real Barry.....you proceed like a battered woman in denial.
    PS......an identical Broadmoor townhouse a few doors down from the Reid palace is currently listed at $2.175 million. Wonder how many hundreds of thousands of dollars of adornments are included in that townhouse?

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    ipdaily69 ipdaily69 Mar 25, 2015 2:23 PM Flag

    Knowing the Reids' track record of overstatements, deceptive practices, and manipulation.......how any sane person could invest even a nickel with these snake oil salesmen is beyond me. Imagine their lack of concern regarding this insider sale of assets.....it befuddles common sense to engage in such practices. A real board of directors would have voted this down in two seconds.....Bill just does care. Why should any investor care about SORO??

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    ipdaily69 ipdaily69 Mar 25, 2015 10:40 AM Flag

    Fine work Engy.....once again the Reids serve themselves before shareholders. For those that have followed SORO since the early construction days, you will recall the attitude of the Reids when questioned about their lavish purchase of a bedroom/5 bath bath luxury golf villa in the heart of a world class golf resort. The Reids responded as if they were doing the shareholders a huge favor. The acquisition was labeled a depressed real estate play that would appreciate substantially when real estate came back in favor. About this same time, SORO logged in an expense of near $2 million in "office" equipment with no further break down. One can only imagine which office was lined with $2 million of office essentials. Not knowing the luxury golf villa market that well but assuming an appreciation reflected in the high end property market the past 2 years, I can only assume this real estate asset is worth far more that the "transfer" price. In other words........ANOTHER SWEETHEART DEAL for the Reids and SORO once again is manipulated as the Reids personal ATM.
    This transaction is eerily similar to the maneuvers of the founder of Dryships who routinely sold off Dryships' best assets to his personal company at deep discounts and left the turd assets in the shareholders' hands.
    I suspect this SORO/Reid transaction will be featured in the next shareholder litigation.
    Shameless

  • Reply to

    Record year in a down market.

    by fedkeepsprinting Mar 24, 2015 7:39 AM
    ipdaily69 ipdaily69 Mar 24, 2015 10:04 AM Flag

    ""Record production of Gold, Silver, Copper, Lead and Zinc. (The PAID bashers will never tell you this.)""
    Production is 60% below management's previous estimates.....FACT
    Why do you think that is??
    Answer............To lure suckers into the stock so the founders could exit.
    Reality.......a penny stock miner with a bumbling management team.
    Question........why would anyone buy SORO now? Because of their track record?????? LMFAO

  • Reply to

    Material Weakness

    by engynear Mar 17, 2015 10:42 PM
    ipdaily69 ipdaily69 Mar 19, 2015 12:18 PM Flag

    ""Ha ha. I can't believe that board is still going. ""
    It's a goldbug lair for circle-jerkers. Joe NordClue aka WhenItComeHangOn has conversations with himself and occasionally the loyal SORO dolts chime in with some head nodding. In their minds, a massive PM conspiracy is the only thing preventing them from gold $5000 and eternal riches. It's a hoot

  • Reply to

    Material Weakness

    by engynear Mar 17, 2015 10:42 PM
    ipdaily69 ipdaily69 Mar 19, 2015 6:35 AM Flag

    https://groups.yahoo.com/neo/groups/Metalmoney/conversations/messages

  • Reply to

    Material Weakness

    by engynear Mar 17, 2015 10:42 PM
    ipdaily69 ipdaily69 Mar 19, 2015 6:35 AM Flag

    https://groups.yahoo.com/neo/groups/Metalmoney/conversations/messages

  • Reply to

    Material Weakness

    by engynear Mar 17, 2015 10:42 PM
    ipdaily69 ipdaily69 Mar 18, 2015 11:54 AM Flag

    The Reids always have an excuse ready in their pocket.

  • Reply to

    Material Weakness

    by engynear Mar 17, 2015 10:42 PM
    ipdaily69 ipdaily69 Mar 18, 2015 8:24 AM Flag

    HockeyCFO addressed (on Metalmoney) yesterday's 10k delay announcement claiming "like last year for SORO, Mexican tax liability info provided by the Mexican govt to companies is often delayed and US corporations have to wait it out. We'll see.

  • LMFAO
    "GORO says the deficiencies may result in a material weakness"
    The excuse makers are throttling up their customized golf carts and leaving the 15th hole, heading back to the SORO Worldwide Headquarters/5 bedroom,5 bath deluxe golf villa to run through the "excuse list" to find an excuse they have yet to feed the public.
    Fool me once shame on me, Fool Barry 37 times........he buys more.
    My rubbernecking this train wreck shall continue

  • ipdaily69 ipdaily69 Mar 16, 2015 9:46 PM Flag

    Yet you kept buying and buying and buying. Signals blaring, founders fleeing........Barry buying ....e i e i o.
    PS.........you tried to run people off the private board for daring to point out the incompetence. You were the Lenny to the Alpha Georges on that board........a simpleton soldier who didn't know any better but wanted to be useful. Your current predicament is no surprise given the obtuse displays

  • Carnival barker Bill Reid had the dupes like Always Wrongadeus, Nose Knows Nothing, Joe NordClue, Ulf the Dolt, Larry "my only function is to cut and paste" Borgus, Bill the Curmudgeon Curry, and Bar Stupid all salivating that a second resource would lift this company to $100/share.
    Wonder why the locals don't trust the Reids....if that was a real excuse....which I doubt. The timing was convenient just like water events and mine gases......all well thought explanations to counter poor production quarters. Resource never gets the blame.....yet 2 years after the Reids predicted 200k ounces, SORO is producing 80k ounces. Wonder why Barry's intuition didn't pick up on the bat signals.

  • ipdaily69 ipdaily69 Mar 15, 2015 8:58 PM Flag

    You have me rolling on the floor........ Barry is relying on tingling spidey senses to pick stocks............mystery solved. Funny how the "intuition" of the Reids, Hochchilds, and the major funds said sell /abandon / flee.
    Funny how the intuition of momentum investors that propped up PM prices for a decade has them abandoning the sector. Maybe Barry needs to consult a psychic because his intuition sucks and his choice of an investment vehicle to capture PM price increases was horrendous. SORO is an unmarginable penny stock now and my intuition says bankruptcy down the line.

  • ipdaily69 ipdaily69 Mar 15, 2015 2:27 PM Flag

    My all time favorite SORO cultist has to be Ulf the Dolt. This guy belongs back in the 1950's with his "golly gee" naivety. Every quarter he takes the usual SORO punch to the gut and yet retains his eternal optimistic outlook on SORO. He is a magnificent specimen worthy of clinical examination. He reminds me of Slow Joe...............the "special" helper that tries to bag my groceries at the market............always with a smile / always a little overwhelmed .

GORO
3.32+0.08(+2.47%)Mar 27 4:00 PMEDT