tag:blogger.com,1999:blog-546884093908579135.post6182928674904267628..comments2023-10-26T00:24:55.370-07:00Comments on Simple Digressions: Gold Resource Corp (GORO) - Still Weak FundamentalsSimple Digressionshttp://www.blogger.com/profile/10996326569422618066noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-546884093908579135.post-62050831735043449352016-05-06T14:18:50.406-07:002016-05-06T14:18:50.406-07:00Switchback - well, this is an old story. I am wait...Switchback - well, this is an old story. I am waiting for info when they want to start mining there. It is like waiting for Godot...<br /><br />In my opinion, the biggest management's mistake was to pay dividends, spending, over the years, more than $100 million. Quite a ridiculous policy when you have only one mine and the future in the mist... Simple Digressionshttps://www.blogger.com/profile/10996326569422618066noreply@blogger.comtag:blogger.com,1999:blog-546884093908579135.post-74626640427604202842016-05-06T10:53:34.296-07:002016-05-06T10:53:34.296-07:00Agreed. However, re. the change in metals & l...Agreed. However, re. the change in metals & lower PM grades: this was mentioned in the Q1 conference call and explained quickly: as you go deeper in the a vein mine like Arista, the PM content tends to decrease in relation to the base metals - this is a typical geological phenomenon. The answer to this is bringing the the Switchback and the Alta Gracia deposit (which is all gold & silver) on-line. It will probably be 2017 before they start performing well again but I don't look for serious trouble esp. with rising silver prices. They were sloppy in execution and waited too long to diversify. Lesson learned.cornhuskergoldnoreply@blogger.com