I'd like to see gor use 10- 20% of profit to explore and 10-20% to save for expansion etc if there is a good discovery, and pay the rest as a dividend. Gold miners are a constant dissapointment with the way they waste money. The whole point of an asset is to pay the owner, not to expand at any cost.
i would be more than happy if the company didn't even bother exploring and just paid all earnings as a dividend... or even better in physical gold.
Bell Potter valuation $1.40, COVID affected, page-37
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Last
$1.83 |
Change
0.040(2.24%) |
Mkt cap ! $1.978B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.85 | $1.81 | $7.779M | 4.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7867 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 54214 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |