GOR 0.32% $1.56 gold road resources limited

Gold Fields to sell their stake in GOR, page-131

  1. 4,451 Posts.
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    Gold fields funded our:
    1. All the money to fully development and now commission of Guryere gold mine for 50%
    2. Our ongoing exploration in our 100% owned areas and joint areas of Guryere

    Never really saw the share holding they took as any thing other than them taking a very good investment as all of us holder have. The wow of getting above 100cents then to the very recent highs have not been dulled by the small pull back to well over the magic $1 was not a sell reason for me.

    Gold fields made a great investment and I for one have no issue with them selling some or all of the GOR shares they brought in at in 2016 at about 50-60cents? Got to love the nice Gold fields company.

    CBA also for its 2016 "50,000 ounce gold Forward Sales facility with the Commonwealth Bank of Australia" took a bet and won. Its and Gold Fields contributions meant GOR did not need to ask us ( Share Holders) to put our hands in our pockets and fund. Our management have done a fantastic job of making us cash flow with out needing us to dip further to develop and fund Guryere will giving us a very real possibly of future free cash in our 100 % ground.

    History and runs on the board mean sell this one if you are a trader by all means. Hold on Tight if your an investor with a similar opinion to this black duck

    Having a good day with red covered entirely by GOR is making my day feel just fine



    Last edited by NavyDiver: 26/08/19
 
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$1.56
Change
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1 20000 $1.55
 

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Price($) Vol. No.
$1.56 92601 6
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