GOR 1.28% $1.58 gold road resources limited

Hi Specy In the Diggers & Dealers presentation there is a page...

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    Hi Specy

    In the Diggers & Dealers presentation there is a page on where it is at.

    From memory it is about 1100 meters down at the moment, (there is a picture in there too) and that the results were expected in the September quarter.

    Fingers crossed for all holders that it is the GOeR that the SP needs at the moment.

    In real terms what has hurt is market sentiment in gold. In Aussie terms gold has fallen from about $1550Aus to $1477. Or about 5%. Take in say dilution due to capital raising of for this example of the full 15% and a fall in the SP of 20% would be expected.

    With the cr say at .44 cents for purpose of this example you would expect it to be down around 9 cents or .35, so the current price is down 32%, my thoughts and DYOR it is to do with the gold bears.

    IMO nothing has changed, and if you believe in the story here it may an opportunity to re enter. Some good news, positive results, upgrades or even a new find couple with a rise in the gold price in Aussie $$$ this could change the game very quickly.

    Good luck to all holders, hopefully some exciting times ahead however gold is not for the faint hearted.

    Cheers Aussie.
 
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