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Re: Lone Clone post# 31729

Tuesday, 03/24/2015 2:37:26 PM

Tuesday, March 24, 2015 2:37:26 PM

Post# of 35706
GORO - Inka is wrong...

...obviously not financially astute but wanted to shwack GORO. If there is a payable on the balance sheet that means the associated expense has hit the income statement, and is therefore reflected in net income/eps - likely through hitting the "Current tax" line which can generally be associated with "cash income taxes" as opposed to "future income taxes" which are non cash (I'll stop there....). Wrong. Period.

That being said I have sold my GORO as market obviously has not liked GORO and has been a laggard or non-mover on recent rallies (i.e. out of November sector bottom) and because many of you have pointed out shenanigans repeatedly.

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