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Mexus Gold US Message Board

natasha51lex 32 posts  |  Last Activity: Apr 28, 2015 10:51 AM Member since: Jun 28, 2006
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  • Reply to

    Contrarian Gem

    by the_copper_roof Apr 24, 2015 12:01 PM
    natasha51lex natasha51lex Apr 28, 2015 10:51 AM Flag

    "" If gold should rise 30%, the earnings potential of GORO will rise exponentially ""

    Actually, no, not exponentially. Do you know the definition of an exponential rise?

    And IP is correct about Seeking Alpha. It should really be called Pumping Positions.

  • Reply to

    Uh-oh!!

    by goldbugger2014 Apr 16, 2015 1:05 PM
    natasha51lex natasha51lex Apr 19, 2015 11:30 PM Flag

    goldbooger / amadeaus, YOU were the one that got wiped out by concentrating your net worth in GORO. You told us that you deliberately use concentrated positions. I've always recommended against that, but you wouldn't listen. I use sound portfolio theory to limit exposure to any one position. My short-the-bubble fund expanded by orders of magnitude while NFLX did most of its appreciation. That allowed me to raise my cost basis quite a bit. Obviously, I'm down on NFLX, but my strategy has been working - even through we are only in the early stages of it reaching its maximum potential. It's also recently attracted quite a bit of interest - because I'm kinda the only game in town. Investors are finding my via referrals, etc. It's sad that you can't understand this, but someday you'll look back and say, "damn, natasha was completely right about everything so she surely made her investors a lot of money."

  • Reply to

    Uh-oh!!

    by goldbugger2014 Apr 16, 2015 1:05 PM
    natasha51lex natasha51lex Apr 18, 2015 11:40 AM Flag

    Ha ha, goldbooger/amedaus. My average cost is much higher. I'm doing great. There is a growing interest in my strategy because of all these bubble valuations.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    natasha51lex natasha51lex Mar 28, 2015 12:00 PM Flag

    "" I also see very significant improvement in his attitude and capabilities while most of you seem very set on re-living past mistakes. ""

    This isn't true. I see improvements in Jason, also. But he mislead shareholders about last year's guidance this year! How is that a past mistake? YOU claimed that people here were penalizing Jason for the sins of his father, and I'm telling you that everyone here knows that Jason has (and is continuing to have) his own sins. Less sins than before? Yes, but the sins continue.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    natasha51lex natasha51lex Mar 28, 2015 11:55 AM Flag

    "" the stock keeps going up. "" - Hey, fake natasha, I was short GORO while it was going up in the high 20s. I wasn't worried then, and I'm certainly not worried now.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    natasha51lex natasha51lex Mar 27, 2015 11:38 AM Flag

    "" People who take those kind of risks (repeatedly I might add) are known to be sort of nutsy so expecting Bill to maintain the same standards as someone like Jack Welch was never really to be expected. ""

    Being truthful with shareholders isn't some high standard that requires comparison to Jack Welch, Barry. None of us have a problem with Bill wanting to take risks by aggressively build a mine without a formal resource report. We fault him for not being honest with shareholders. I also fault him for paying, and boasting about, a dividend while he was still selling stock to raise capital.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    natasha51lex natasha51lex Mar 27, 2015 11:33 AM Flag

    "" As far as cursing the son with the sins of the father is concerned ""

    I think the son can be cursed for his own sins. Jason lied to a conference full of investors when he claimed that GORO's gross margins were cash flow. The moderator even cornered Jason into definitively making this claim - which he didn't even hesitate in making. This is why even people that claim to have CFO experience (Hockey-CFO) were duped into thinking that GORO's gross margins were cash flow. I also think it was Jason that claimed that the Canadian stock exchanges wouldn't allow them to list GORO stock unless GORO did an equity offering. This was another deceptive statement to shareholders. And it was surely Jason that was responsible for claiming that GORO's stated production goal was 80k. The goal was clearly the range of 80k to 100k. I really don't think Jason is without sin, Barry.

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    natasha51lex natasha51lex Mar 27, 2015 11:27 AM Flag

    "" in no way representative of any cronyism, self dealing, etc. ""

    I'm not sure how you can confidently say this. Sure, it's possible that the board really wanted to get rid of this house and they pressured Bill to buy it. In such a case, it's possible that Bill Reid's trust facilitated a quick transaction at a fair price. But it's also possible that Bill demanded a sweetheart deal. We don't know enough to make this determination.

    However, one thing we know for sure, enough of the GORO stock that Bill Reid transferred to his trust was sold in order to purchase this house. And the disclosure of these sales were never provided to the public - so we don't know when they occurred and what price Bill got for them. Was the transfer to the trust (which is quite revokable) done just to hide insider sale of GORO stock from the shareholders?

  • Reply to

    Headquarters

    by engynear Mar 24, 2015 5:41 PM
    natasha51lex natasha51lex Mar 25, 2015 10:39 AM Flag

    The" William W Reid Living Trust."

    The trust obviously had to have sold stock in order to pay for the mansion. I'm also wondering how much GORO is paying in rent. The $26k difference between the publicly listed purchase price and the one in the 10K could be attorney fees.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 23, 2015 3:20 PM Flag

    "" profitable with infrastructure and mine area development continuing while many others are either closing facilities, going under, or borrowing to continue operations. ""

    That's great, but the stock is still overvalued at these prices.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 23, 2015 3:18 PM Flag

    "" do the math please ""

    100% of your investment divided by 4% per year = 25 years. You aren't compounding your dividend. That's not how return calculations work. But if you do use your 4% dividend to buy back more stock, then you are risking the fact that the stock could go to zero if the company runs out of recoverable resource.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 23, 2015 3:15 PM Flag

    "" their base metals have been increasing during this same period. ""

    No, the reserve numbers I gave you were for all their resources - that includes base metals.

    "" why aren't you using the YE 2014 numbers ""

    Ha ha. I was hoping you'd ask that. Dec 31, 2014 numbers were down from September.

    Dec 31, 2011: Cash + Receivables = $77 million
    Sep 30, 2014: Cash + Receivables = $35 million
    Dec 31, 2014: Cash + Receivables = $33 million

    This isn't a growing cash balance.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 23, 2015 12:47 PM Flag

    "" The fact is that she cannot tell you that this stock is overpriced. ""

    I most certainly can, and that's exactly what I'm telling you.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 23, 2015 12:46 PM Flag

    "" pls explain how this "overvalued" stock keeps growing its resource ""

    Did you even read the last report from GORO? Their grades are tumbling.

    Gold:
    2012 - 4.30
    2013 - 3.72
    2014 - 3.21

    Silver:
    2012 - 355
    2013 - 326
    2014 - 296

    This means that they are having to increasingly spend more money moving more earth just to produce the same amount of gold and sliver.

    Also, The Reids had been telling people that they had 1.5 million tonnes of resource for years. They boasted that their April 2012 report showed 1.47 million tonnes at the time, and the new report is showing 1.54 million tonnes. If an increase of 0.07 tonnes in over 3 years gets you excited, then I really don't think you should be valuing resource stocks.

    "" adds to is treasury ""

    Ha ha.

    Dec 31, 2011: Cash + Receivables = $77 million
    Sep 30, 2014: Cash + Receivables = $35 million

    It's great that they recently stopped hemorrhaging cash and managed to drift around cash-flow break-even, but I don't see how that generates any optimism for any upside from here. It would take 25 years to get your investment back on a 4% dividend, and I don't think their resource will hold out nearly that long. That's why you shouldn't use dividend yield to value a resource company.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 22, 2015 3:57 AM Flag

    You forgot to mention how incredibly overvalued GORO is.

  • Reply to

    Paid bashers and the 4Q numbers

    by fedkeepsprinting Mar 21, 2015 11:04 AM
    natasha51lex natasha51lex Mar 21, 2015 9:33 PM Flag

    Another idiot that thinks a PE ratio is a credible valuation tool for a natural resource company. It's funny to see the pumpers hype this stock by claiming that gold could go all the way up to $1350!

    It's obvious that someone is being paid to hype this stock on the yahoo message boards so that their firm can try to dump the stock for a gain. We'll see how long they're interested in posting messages from their deceptively named accounts. Maybe the technicals caught someone's interest, but it certainly wasn't the 4Q earnings report that was just released. That wouldn't be able to get anyone excited. Their guidance range is less than last years.

    And I don't lie about anything on here. You can check the validity of everything I write.

  • Reply to

    Wow GORO put out GREAT Earnings!

    by ipdaily96 Mar 20, 2015 8:05 AM
    natasha51lex natasha51lex Mar 20, 2015 7:46 PM Flag

    I'm not paid to bash GORO, but it's very likely that you're being paid to hype it today in an effort to pump up the stock price so that you can dump it for a small gain.

    In fact, I don't bash GORO. I provide objective analysis - analysis which has proven credible over the years. I'm still holding a very small short position in this stock.

  • Reply to

    Wow GORO put out GREAT Earnings!

    by ipdaily96 Mar 20, 2015 8:05 AM
    natasha51lex natasha51lex Mar 20, 2015 1:54 PM Flag

    Ha ha. Some pumper took the time to make a fake account for IP and me. So funny. Do they really think that guidance of 80k to 90k ounces is going to impress the street? Do they really think that this would cause any short to cover?

    Btw, short interest is down to 2.5 million shares. Remember when amedaus/goldbooger would put out his short interest report every month? He claimed that it was going to be impossible for shorts to cover without driving the price up. I carefully explained that shorts can cover by selling to fleeing Longs. I'm not sure why that was so complicated for him to understand. I also loved how he would claim that it was good for Longs when the short interest increased and it was also good for Longs when the short interest decreased. So much fun back then!

  • Reply to

    Material Weakness

    by engynear Mar 17, 2015 10:42 PM
    natasha51lex natasha51lex Mar 19, 2015 11:04 AM Flag

    Ha ha. I can't believe that board is still going.

    As you say, GORO always has an excuse at the ready. It's never mea culpa. They should just come out and say that they failed to meet KPMG's high audit standards despite the fact that they had a year to get it done properly. As many of you know, I actually don't see the audit shortcomings as a material issue. The Final Four auditing firms can be difficult for companies with small management teams. I'm happy to give them a pass on this issue (assuming they can still get their K out by April 1 - like they did last year).

    But I can't give them a pass on their efforts to shift blame. It exacerbates the monumental credibility problem they have.

  • natasha51lex natasha51lex Mar 17, 2015 10:40 AM Flag

    "" I am looking at it as a business, which is going through the growing pains of a smaller new business, but which I hope longer term will reward me.""

    But why are you valuing this turn-around business with such a high market cap? Is it purely because you think that the stock is cheap because it was previously overvalued even more.?

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