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.
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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. |
---|---|---|
$1.58 | 38446 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 1.570 |
3 | 13537 | 1.565 |
13 | 88375 | 1.560 |
7 | 93670 | 1.555 |
6 | 75313 | 1.550 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 8155 | 1 |
1.585 | 29831 | 2 |
1.590 | 5000 | 1 |
1.600 | 30400 | 3 |
1.610 | 79546 | 12 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$1.57 |
  |
Change
0.020 ( 0.22 %) |
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Open | High | Low | Volume | ||
$1.61 | $1.61 | $1.57 | 872369 | ||
Last updated 15.59pm 28/03/2024 ? |
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GOR (ASX) Chart |
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