with good capon lined

Gold Resource Corp (GORO) drops its dividend to just 1c over the number it can truly afford

Now down to 1c from 3c, it now only needs to drop another penny to leave its own little fantasy land and join mining reality. Company whinges and excuses here, including the funny ones about “maintain flexibility for future opportunities” (translation: maintain solvency) and the 8% royalty in Mexico affecting things. Never mind that the royalty is levied on EBIT and GORO is making a pre-tax loss, just tell the rubes whatever, right Jason?

A silly company for silly people.

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