You guys should be thanking GOR management for quickly taking advantage of the small window of opportunity to do a CR.
So often small shareholders get burnt by CR's. Imagine trying to raise the cash after the recent dip in gold price. Remember all that glistens is not gold. The DC drilling to get a resource from your new find will take millions.
The short term price of gold should not worry holders too much as GOR is at least 3-5 years away from mining. The resource base looks like being substantial. With Sumitomo likely to play a role in financing any mine, you are in good hands there as well. I got out missed when the share price collapsed early last year.
Good luck holders and hold your nerve it might be a long and bumpy ride.
GOR Price at posting:
15.5¢ Sentiment: None Disclosure: Held
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