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Pactolus

1,284 Posts.

05/06/17

13:47

Post #: 25102143
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Originally posted by OceanView ↑

"I guess you need to ask yourself why they [GFA] paid a premium.[?]" nordsemic.

Simple. GFA see the premium as the LEAST they could pay to realize far greater, longer profits.

"If someone else (say Sumitomo) wanted to takeover GOR they cannot given 10% is a blocking stake."

I've never read anywhere that only a 10% stake can stop a bidding war. A corroborating link would be appreciated.

"... traders aren't going to bid up the price 27%."

Traders NEVER were, but would play the ride up if it were in their interests, eg. volume, daily range; momo traders maybe are getting ready now; however, GOR's about an investment made by investors.

"So there is little prospect of a bidding war for now[.]"

With no bidding war, with traders out, with 10% set in stone then stick a fork in it because she's done... BUT what about the frenzied shorts? Who are they acting for? Another secret bidder accumulating a 10% stake by other means than a single purchase from an insto? How about that insto, what if they sold a 5% or 10% stake to another bidder for a 35% premium?

I think GOR is in PLAY as evidenced by the active shorts and the premium expense of a SINGLE transaction bringing a 10% position.

We'll see how this plays nordsemic, Good Luck to you and all GOR longs.

OV

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With so much dirt to drill and a major as J/V partner just watch this stock soar as the price of gold pushes ever higher. GLTAH

GOR Price at posting: 72.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $3.21		Change 0.020(0.63%)		Mkt cap ! $3.481B

Open	High	Low	Value	Volume
$3.22	$3.24	$3.20	$9.093M	2.826M

Buyers (Bids)

No.	Vol.	Price($)
1	300000	$3.46

Sellers (Offers)

Price($)	Vol.	No.
$2.96	7963	1

View Market Depth

No.	Vol.	Price($)
2	8416	3.410
5	42396	3.380
11	227407	3.370
1	12641	3.310
9	59062	3.300

Price($)	Vol.	No.
2.960	7963	1
3.010	9609	1
3.040	39507	10
3.050	3600	3
3.110	303	1

Last trade - 15.59pm 23/07/2025 (20 minute delay)

GOR (ASX) Chart

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