$1.41 and $1.27 are strong support, thats good to know, let the weak hands sell, GOR will be swimming in cash very soon, as the AUD$ price of gold is still around AUD$2630, because the AUD$ has tanked to 71c from 73cUS a few days ago.
even though the US$ gold price is falling, thanks to the weaker AUD$ , GOR is protected by the weaker AUD$.
Again looks like buying GOR makes more sense than buying more physical.
buying here around $1.50 , selling at $1.95 is a quick 30% profit, buying gold at $2700, would have to wait for it to get to AUD$3500 to get the same % gain. if gold does get to AUD$3500, you can all be assured GOR wont be $1.95 it will more likely be $2.50-$3 by that time.
Ann: Investor Presentation - September 2020, page-30
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Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.836B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.70 | $1.56 | $14.73M | 8.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3701 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 94313 | 3 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |