Loading ...know what you mean it’s sad. They’ve been working hard all these years. They kept their divi up but although it was only pennies but adds up to them with little or no reward. Demands in mining grow while they earn less and less.
They’re not in the divi trap because it’s so low you could wait this stock out or buy low.
In a uptrend it might not matter much as people want to hold the stock and not too many or the holders selling some to buy back might be okay but in a down trend it can turn into a divi trap for the longs if too many others all pile in pre divi just to get the free prize and don’t hold any longs too then sell driving the stock even lower and killing the dividend like they did Zim when too many know about it is no longer sustained and it when the stock trying to survive as a blue chip with growth potential despite the politics affecting the economy and paying the holders gets total disrespected by the scavengers like the warning not casting the pearls before the swine it becomes unsustainable carrying all that dead weight like a balcony with too many people on it.
I’ve bought Goro before and have been rewarded buying in their lows not selling at the bottom like so many do when they wait to long making it worse for both. But this time they’re saying they have been so devastated they have no direction and maybe no home after all that work. That is sad especially knowing the scum are out there doing it to that sector. .
The scum it kinda looks like they’re playing piñata with the metals by manipulating. They put it on a rope let the people see where it is before blind folded and every time they go to strike they pull the piñata up and keep doing it. Then the talking heads on saying it’s goons crash when it’s not yet and one’s saying it will be next and goes on with the this is it this time, over and over again. This noise distracts annoys and blinds people.
How many other stocks do you know go back down when the pice of their goods goes up?
Maybe now with the scum letting stores to be looted and their climate change scams.
They need to be stopped. Back in the early 1900s and before they’d be lynched. Who knew that practice could be put to good use some day.
My son in law also devastated trying to cook his first Thanksgiving dinner by himself and my youngest daughter doesn’t like cooking big meals a whole lot and was working anyways. He bought out a frozen Turkey a night before so told him it’s takes longer to defrost than less than a day with hours. So he gets a ham with directions. Well he followed the direction he told me doing exactly what it said. He’d gonna take that blank ham and it’d directions back to the store and say what is this shit!!! He went into detail of doing everything it said and opened the oven to burnt ham and foil it told him to cover with burnt up.
So much for getting a day off from holiday cooking.
My oldest daughter asked me if she could send me a dinner but I was fine and would rather have the Turkey he’s trying today or try a vegetarian meal if that fails. Lol So much hunting when young during holidays we’d have Turkey while us kids would hunt and fill the freezer with duck geese and pheasant. Now I kinda root for them to get away except areas of tradition and food not trophy so they can go back to the city and say hear I was out there in the wild and see I can survive, maybe-not but that bird could have.