GOR 2.28% $1.80 gold road resources limited

Ann: Gold Road Increases Financing Facilities, page-12

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    Some of us predicted this would transpire and it did, as it was beyond unnecessary to hoard every dollar of cash for opportunities which management clearly see ahead. The only caveat was that GOR use that excess cash to reward existing shareholders for remaining loyal to the company, dispense millions of dollars in unused franking credits and all the while attract stronger shareholders to the register. The trick now is to expend those funds wisely and I suspect the first cab off the rank is Cygnus, a small but digestible bite. GOR have seen the data and know how prospective their ground is, as they remain a committed partner. Outside of that, we can only speculate. With two great announcements, I feel the company is back on track and bulldoggedly determined to become that major force we were all hoping it would be.
 
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