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XMFSinchiruna (26.60)

The Prettiest Dividend in the World



March 13, 2012 – Comments (19) | RELATED TICKERS: GORO.DL2

19 Comments – Post Your Own

#1) On March 13, 2012 at 8:14 PM, outoffocus (24.14) wrote:

How much stock would I need to own in order to recieve that dividend?

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#2) On March 13, 2012 at 9:55 PM, XMFSinchiruna (26.60) wrote:

Any amount. When your cash dividends accrue in sufficient quantity to convert into the metal of your choosing (most practicably silver for the smaller shareholder), the cash will convert to bullion.

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#3) On March 13, 2012 at 11:01 PM, Valyooo (34.92) wrote:

Seems too gimmicky.  Although I do hold some bullion just because its cool, its not the type of thing I want to see out of management.

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#4) On March 14, 2012 at 6:40 AM, XMFSinchiruna (26.60) wrote:

Valyoo, you are entitled to your opinion, but you can't reasonably fault management for offering gold and silver investors dividends in gold and silver. It's about time a miner acknowledged the monetary role of gold and silver in this way. It's not gimmicky; it's simply revolutionary.

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#5) On March 14, 2012 at 10:30 AM, Valyooo (34.92) wrote:

Meh.  You said many times that your gold and silver investments are asset-backed.  If the investors want gold and silver, they should buy bullion not equity.  If they truly believe in the value of GORO, they should have a DRIP.  Its a cool idea but the low dividend is kinda masked by the cool factor, which is why I think it is gimmicky.  Not terrible, but just doesn't make that much sense to me.  But to each his own.

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#6) On March 14, 2012 at 10:37 AM, Schmacko (88.01) wrote:

My understanding is that most privately minted coins are sold at prices well above the current spot price of gold which is why most metal investors prefer state minted coins.  I couldn't find anything about what price (or what % above current spot) gold resource corp will be valuing their coins at, and without knowing that there's no way of knowing if this is actually a good deal or just a gimmick.  If you choose a hard metal dividend payment and they charge you 30% over spot then you're way better off taking the cash and buying American gold eagles (Or whatever nationally minted coin floats your boat) on your own.

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#7) On March 14, 2012 at 10:53 AM, Valyooo (34.92) wrote:


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#8) On March 14, 2012 at 11:02 AM, XMFSinchiruna (26.60) wrote:

Schmacko, I don't think these will be converted at a significant premium. Perhaps a slight premium to spot to account for their costs and for price volatility. I would contact gold bullion international for details behond that.

Valyoo, it's not a low dividend. GORO's dividend yield is among the highest in the industry. You're missing so much of the point of this dividend that I don't know where to begin. If more companies would follow suit, we'd actually be fomenting physical investment demand and simultaneously thwarting the ability of leveraged paper operators to manipulate the spot price to their liking (i.e. downward at every opportunity).

But if it seems gimmicky to you, that's fine. There's nothing to debate here.

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#9) On March 14, 2012 at 11:29 AM, Valyooo (34.92) wrote:

So then how come all of your holdings are paper backed and not physical gold and silver if you believe that holding physical is the right way to thwart manipulation? Also, it's not like there is any unowned gold anywhere...SOMEBODY is holding it, so the transfer from the company to an investor doesn't increase the amount of bullion held.

I can't imagine XOM shipping you a barel of oil, WFC opening a CD for you, MCD sending out McNuggets, etc.  Not trying to be a pain in the ass I just really don't think I am "missing so much of the point".  But no point in continuing.

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#10) On March 14, 2012 at 11:59 AM, XMFSinchiruna (26.60) wrote:

Valyoo, I've spent more hours of my life trying to teach you the ins and outs of precious metals than I have for any other member of CAPS. Of that there can be zero doubt.

In retrospect, I fear it is the portion of my time spent here that has offered me the least reward.

You are hopelessly, ceaselessly argumentative. I enjoy a good debate -- I dare say more than most -- but on too many occasions have you overstayed your welcome by persisting beyond the reach of my patience; and with an aggressive tone to boot!

I think it's great that you question everything with such inherent skepticism. I'm just telling you that I have long-since passed the point of exhaustion at being a frequent target thereof.

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#11) On March 14, 2012 at 12:17 PM, jimg282000 (< 20) wrote:

I have been following your articles for awhile now.  Thanks.  I Have a question about GGCRF which I have been watching. I logged into my trading account watch list and see them at zero.

What does all of this mean? Do I have to wait for them to get relisted before I can do anything?




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#12) On March 14, 2012 at 12:28 PM, Valyooo (34.92) wrote:

That's not accurate at all.  Whenever I ask you a real question about the FUNDAMENTALS of gold and silver, you always say "I would love to give you the answer to that, but right now I am extremely busy with (insert interview here), i will have to respond later."  And then you never respond, ever. 

You always answer anything I say that goes in contrast to what you say, and then you follow it up with "I always answer all of your questions" to try to make it seem as your word should be taken as fact.  Which is ironic considering the fact that your entire career is based on skepticism of higher authorities.

 You are under no obligation to ever answer any questions I have, and you have done a good job addressing my questions about specific miners and how to evaluate them.  But you have failed to ever actually address any of my real questions, and you are constantly throwing it in my face that you respond to my comments sometimes, as if you are some holy volunteer, and not a paid employee of CAPS, which I find to be very disrespectful.  When people come in to the bank and ask me questions about products I don't just say "hey I am a banker, I don't have to answer this, I have answered questions for you before!".


You are a very talented mining analyst, but you never address any questions aimed at fundamentals of PM, so I do not appreciate the tone you are taking with me, trying to make me look like a hopeless fool incapable of grasping the concepts you mention.  You are much like The fed in the way that when somebody questions you, you just use your authority to tell them you must be right and everybody else is a conspiracy theorist.

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#13) On March 14, 2012 at 12:30 PM, Valyooo (34.92) wrote:

Because if we are going to play the "my record speaks for itself" game, then start to talk down to me more when your ranking is at 99.91 or higher, which I highly doubt will ever happen again.

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#14) On March 14, 2012 at 12:50 PM, XMFSinchiruna (26.60) wrote:

And with that, Valyoo, we are forever done.

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#15) On March 14, 2012 at 12:57 PM, XMFSinchiruna (26.60) wrote:


I have a call in to the company for clarification, and will let you know when I hear back. If prior experience with similar developments is any indication, it may only be a matter of days before either the company or a third party offers a replacement OTC security that your position will automatically transfer to.

Thanks for bringing it to my attention.

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#16) On March 14, 2012 at 1:31 PM, jimg282000 (< 20) wrote:

Thanks.  I dont currently own any just one of the stocks I was watching along with SMNPF, KBX, MEAOF,STVZF, CGR and maybe getting into on the current dip

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#17) On March 14, 2012 at 1:55 PM, XMFSinchiruna (26.60) wrote:

jimg, because I know some Fools do own it, I will post my findings as a separate blog post, coming shortly.

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#18) On March 14, 2012 at 3:02 PM, SN3165 (< 20) wrote:

Hey Sinch, you get a chance to do any DD on Huldra at the convention?

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#19) On March 14, 2012 at 3:28 PM, XMFSinchiruna (26.60) wrote:


Sadly, I didn't. I'm sorry. But I did have the very good fortune of buying some additional shares before I left based upon speedy's recommendation. What a nice pop that stock enjoyed! I still think they'll have to do a better job telling the story through their publicly available documents before the stock can expect a broad-based influx of retail investment interest; but here in the early going the company is clearly doing some things right.

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