Gold Resource Corp (GORO)

[Neverhadawinner]

Always Red

GORO is a good growing company in my opinion. It's start of paying extremely high cash dividends in 2010 was not the best approach to grow the company because of its impact on cash flows. When the price of gold fell, company had to greatly reduce cash dividends because of reduced cash flow thus causing "great market displeasure" with the stock.

Now company has taken a "slow dividend growth approach" which should work to the stock's advantage in the future as they produce more gold and open more mines.

So, we might never see a $30 price again or a $6.00 per year dividend but the stock should remain viable over a very long time if the price of gold stays above $1000 per ounce. Be happy with its slow growth. NO debt and open producing mines. Better than the big boys with monster debt on the books!

Just my opinion.

Happy New Year!