GOR 1.50% $1.70 gold road resources limited

Aussie SVL,Aussie PGM ,POD(incredibly cheap ,platinum in a...

  1. 625 Posts.
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    Aussie SVL,Aussie PGM ,POD(incredibly cheap ,platinum in a deficit),Aussie base metal AMI.North America Hecla,Dolly ,African Aya(AMAZING) I primarily own SILJ and SIL (have lots).I avoid Mexico other than through an etf.Also own the US mint silver eagle boxes (highly liquid).This is not investment advice.
    GOR has one great asset Gruyère ,they were smart to bring in Goldfields so it got built on time and pretty much in budget .Goldfields also operates it (they know what they are doing)..
    Eventually I think the DEG mine will get built but GOR needs a cash flowing asset sooner.I think they thought it was a good asset to buy ,I just dont think they anticipated that DEG would go it alone and need to raise all this cash (I may be wrong of course).They may have thought DEG would be taken over or do a jv like they did with Goldfields .Obviously DEG management had another idea ,so no takeover and they are stuck with DEG who share price is down over the last 3 years and sucking up all their cash flow.History is filled with the Hubris of various managements attempting to build a mine and failing.
 
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Last
$1.70
Change
0.025(1.50%)
Mkt cap ! $1.836B
Open High Low Value Volume
$1.69 $1.72 $1.69 $6.650M 3.918M

Buyers (Bids)

No. Vol. Price($)
3 72051 $1.70
 

Sellers (Offers)

Price($) Vol. No.
$1.70 70570 6
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Last trade - 16.10pm 07/06/2024 (20 minute delay) ?
Last
$1.69
  Change
0.025 ( 1.60 %)
Open High Low Volume
$1.69 $1.72 $1.69 974568
Last updated 15.59pm 07/06/2024 ?
GOR (ASX) Chart
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