Mexus Gold US (MXSG)

[TMLonggun]

A combination of frivolous lawsuits, negative PR, and natural bear/bull market extremes. I don't think it ever hit $34, but when it did hit $30 it paid 6 cents a month and the high gold prices meant they earned lots of money and had a high multiple for it (and the future looked bright). Now GORO earns a lot less and pays no regular dividend (because of lower gold and base metal prices relative to 2011). Instead of a buck a year I think in 2016 they paid 1 cent (a 90% loss). I think GORO will be a good dividend stock and go back up to those old levels eventually when gold prices rise. There is nothing unusual about its rise and fall - that is what miners do. Develop a difficult long term business in the midst of the constant rise and fall of commodity markets.