We currently have $115 million in cash and bullion.
Maybe $145 million by next quarter.
A revolving line of credit if and when needed of $80 million that we can draw on backed by 150,000 ounces of annual production.
Fewer hedges than we had last quarter allowing more ounces to be sold at spot.
WA is 100% committed to keeping plants operational.
If we don't use that cash in a manner consistent with being a producer I fear a predator will. We are not a bank, though we should be keen to replicate what banks once were, reliable dividend stocks that were passed on from father to son. Only reason banks are grimly hanging on is tradition and expectations of a future turnaround.
Income returns are going to shyte. Commonsense would suggest GOR should step up while the timing is right and fill that gaping void.
Why complicate matters when the answers are staring us in the face?
Gold Road Anthem ?, page-96
-
- There are more pages in this discussion • 87 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.80 |
Change
0.020(1.13%) |
Mkt cap ! $1.944B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.78 | $7.416M | 4.144M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10298 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 52399 | 6 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |