Most shareholders are invested in GOR (especially over the next 5 years) for capital growth and not for a 1% or 2% dividend.
GOR is progressing well and so is a prime cheap target for a takeover. This is why GOR is being shorted. This strategy will drive up the sp and force a much higher takeover offer rather than referring to the last 30 day average +25%.
As interest rates are low it is a good time to borrow cheaply, buy GOR shares and pay back the debt out of future cash flows. The low interest rates would represent a minimal cost to secure a much higher sp. This is effectively managing shareholder wealth and not just watching the passing parade. If a cheap takeover is completed then the existing shareholders do not get a chance to participate in the $4 share value in 5 years time.
Any new discovery will be a long way off being proven so may not impact on the shorters in the short run
As a shareholder ask the Board to consider this strategy.
Keep The Faith
Gold Investors Unite
- Forums
- ASX - By Stock
- GOR
- On market buyback of shares needed
On market buyback of shares needed
-
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOR (ASX) to my watchlist
|
|||||
Last
$1.56 |
Change
-0.005(0.32%) |
Mkt cap ! $1.684B |
Open | High | Low | Value | Volume |
$1.56 | $1.58 | $1.52 | $7.851M | 5.075M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.56 | 92601 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 1.550 |
2 | 33909 | 1.545 |
7 | 87587 | 1.540 |
3 | 103602 | 1.535 |
3 | 72245 | 1.530 |
Price($) | Vol. | No. |
---|---|---|
1.555 | 92601 | 6 |
1.560 | 106446 | 2 |
1.565 | 46518 | 1 |
1.570 | 15727 | 2 |
1.575 | 5727 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
GOR (ASX) Chart |