GOR 1.28% $1.58 gold road resources limited

I would prefer GOR to employ it's core expertise and use it's...

  1. 181 Posts.
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    I would prefer GOR to employ it's core expertise and use it's funds to discover new finds and expand existing sites. Given GOR's exciting tenements, and extensive list of targets, this approach would accelerate the upside in share price rather than a short sighted share buyback plan,

    Free cash flow (that occurs as a result of production) is the driver for GOR's price to go from $1.50 to $3.00. The movement from $1.00 to $1.50 reflects the reduction in perceived risk as the time gets closer to the pour date.

    If a takeover party holds more than 90% of the securities in a bid class it can take over the other 10%. I believe this is why GOR management dictated this limit. This means that anyone who wants GOR has to really pay for it as the hurdle is at least at 86 c + and not drowning in the 50's c trading range.

    Keep the Faith

    Goldinvestorsunite
 
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Last
$1.58
Change
0.020(1.28%)
Mkt cap ! $1.709B
Open High Low Value Volume
$1.61 $1.61 $1.57 $7.733M 4.883M

Buyers (Bids)

No. Vol. Price($)
1 15000 $1.57
 

Sellers (Offers)

Price($) Vol. No.
$1.58 38446 2
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$1.57
  Change
0.020 ( 0.22 %)
Open High Low Volume
$1.61 $1.61 $1.57 872369
Last updated 15.59pm 28/03/2024 ?
GOR (ASX) Chart
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