Market cap of GOR Down some $200m today on news of production at the lower end of guidance....because that represents a permanent loss......oh wait, No, that means the gold is still in the ground......and will be dug up and sold in the future, probably at a higher price. On reflection - I wonder how long that gold has been in the ground? perhaps 100million years? ......what a disaster that it gets to stay there for a few more weeks or months!
The fundamentals have not changed - GOR has a really good cash producing mine, cash in the bank, nil debt, holds 20% of DEG - the best Gold development in the country, and exploration upside. Today just provides a good opportunity to top up for anyone with the cash. GLTAH's
Ann: December 2023 Quarter Production Update, page-20
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Last
$1.65 |
Change
-0.080(4.62%) |
Mkt cap ! $1.787B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.70 | $1.65 | $6.341M | 3.805M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22096 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 42554 | 4 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |