Yes, Pactolus, GOR will "soar" partly based on the POG, partly based on the truth machine (drill-bit), and strong JV backing. Don't forget that ALL 2017 and beyond drilling is easily paid for!
This is another possibly HUGE sp/value catalyst which another non-holding poster conveniently omitted in his "cautionary" post, ie. zero exploration potential creating a higher sp. Rather arguing there is little to NO chance of material sp appreciation combined with NO chance of a bidding war solely based on some 10% block of shares halting ALL chances of a bidding war.
To be clear, I hold, am long, and over the mid- to long-term Mr. Market will decide who is right. This in NO way means I'm correct, but at this moment I prefer my investment thesis.
OV
Good read, page-7
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Last
$1.64 |
Change
-0.020(1.20%) |
Mkt cap ! $1.776B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.65 | $1.62 | $6.430M | 3.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11769 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 91261 | 5 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |