Anyone buying today will likely do very well in the mid to long term. Yes there may be some further falls but that’s what gold stocks do, up and down cycles.
What I liked during the recent AGM was the comment that the probability of not finding another mineable resource was very low. GOR has a producing mine making $$$s and is actively exploring at the same time, spending around AUD $25m per year. Junior explorers spending around $6 to $10m on exploration projects get the headlines and attention whilst GOR is just getting on with it.
yes I’d like to see us back up over $1.70 but it’s days like these that I try (it can be hard) to look to where the SP will be 5 years from now.
cheers and stay positive folks.
Amazing, page-142
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Last
$1.71 |
Change
0.015(0.88%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.78 | $1.71 | $6.321M | 3.634M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 67509 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 31492 | 21 |
View Market Depth
| Last trade - 11.13am 01/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |