Loneclone Re GORO You've called GORO mgt shameless, devious, self serving and full of shenanigans. You based that off of what? that same INCA trash you put up here every few mths???
Remember over a year ago, Loneclone posted an IKN article, saying GORO was a mess, losing money, couldn't afford the dividend and would have to end it..... Result: GORO shortly came out with a very strong quarter, shocking the market with strong earnings and has never wavered from paying sector leading dividends, surpassing even the majors. Self serving??? Where was IKN??
Then Loneclone posted a fire warning from IKN stating that Hochschield Mining was pulling its support and selling its millions of GORO shares because of their disgust for the company and mgt. Remember later I posted the press release from Hochschield. HOC told the world they were bleeding cash and had to sell GORO to fund their development of another project. Where was Loneclone and IKN then ????
Now Loneclone posts more information from the same outfit criticizing GORO again. I took my Saturday morning digging for the benefit of the board here. Lets have a look, at what an amateur can dig up.
INCA accused GORO of losing gold in Q4, Really??? In the article IKN quotes GORO's execution of their Q3 plan to withhold gold for their new Dore pouring facility. IKN then puts up a chart they created with incorrect data stating this dory concentrate went down in Q4
IKN quote
"For five previous quarters to 2q14 concentrates held in inventory were at or under $1m. Then in 3q14 the number jumped to $3.4m. We can then see that GORO was apparently true to its word about processing the extra in 4q14 because the number dropped back most (though not all) of the way, with 4q14 filing $1.481m in inventory of concentrates."
IKN states they got this info from the 2014 8-K
What were the IKN financial wiz's smoking when they read that?
This is a cut and paste from the MGT discussion under Dore:
At December 31, 2014 we had approximately 6,400 ounces of high grade gold and silver concentrate inventory awaiting to be processed into doré bars at our doré facility in early 2015.
This information is in the 8-k two times and was also stated in the GORO conference call. So while IKN stated DORE inventory's went down in Q4, their was actually a large Q4 net increase in DORE concentrate waiting to be processed even after they processed some of it.
Second IKN mishap: IKN quote
"And by the way of a slight sidebar, one of the weirdest things about this company these days is how it gets more of its revenue from the zinc, lead and copper base metals credits than it does from silver or gold."
The truth is This is actually false. It is very easy to see that annual 2014 revenues for Gold Resource were $115M, of which base metals delivered $40M
Third IKN mishap IKN quote from another post:
IKN says GORO was profitable for Q4 2014 because the Company didn’t pay taxes.
He should have listened to Jason’s conference call remarks. Gold Resource Corporation did not pay as much in tax in 2014 because it OVERPAID 2013 taxes by $3M. That means the Company’s profit should have been higher in 2013 than was reported.
4TH IKN mishap is the one previously corrected by DR Air in a previous post.
LONECLONE I am awaiting your thoughts on IKN. You've used some heavy name calling against GORO and relentlessly have posted IKN attacks on GORO that are for the most part, untrue slanders on the company. IKN just accused GORO of misplacing gold when in fact its there, clear to see in the 8-k. Furthermore, there are many here, including myself, that spend our valuable time looking for true information's on mining stocks. You've wasted our time here posting that IKN drivel. You also said you had special access to IKN's analyses. I have to ask, did you actually pay the $400 IKN asks for the yearly subscription to their special analysis???
Loneclone, You are hosting 8 boards on IHub, you clearly let us know how you feel about GORO, please let us know, with adjectives how you feel about IKN???
LC I'm an amateur and I easily found the truth in the GORO 8-K. It looks like a smear and vendetta to me. If I was GORO mgt, I would turn this over to mt legal team and sue IKN.
I wonder if IKN will do the right thing and correct their information for their paying subscribers so they can keep them fairly updated with the best information possible????
Awaiting your thoughts
Checkmate28
AI
