Your points here aren't relevant as Gold Fields aren't a seller at any price, as per their response to GOR's counter bid last week. Talking about GOR's ability to manage Gruyere is irrelevant.
Your technique is a text book example of a *** fallacy. We're not talking about GOR's mine management capability or performance, we're talking about Gold Fields' management of Gruyere, which has been sht.
And that's subset of the conversation about Gold Fields' sht bid.
IF GOR got serious about wanting to manage Gruyere and the likely underground operation they'll have plenty of time to have all the resources they need. And if that doesn't appear to be shaping up, GOR sellers can sell into a record gold price environment after a quarter or two, or more, of record revenue. I don't think there's much capex scheduled for the open pit so we're probably looking at record free cash flow ahead too, if the fck trds at Gold Fields pull their fckn heads out of their a55es.
GOR Price at posting:
$2.93 Sentiment: None Disclosure: Not Held
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