GOR

1.45%

$1.75 gold road resources limited

Ann: Quarterly Activities Report - June 2024, page-25

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gmcg

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03/08/24

12:28

Post #: 75055945
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Originally posted by Arh0070: ↑

.This is simply not correct.GDX which is the ETF of major worldwide gold producers is up at least 30% in the last few months .Explorers and poorly managed companies like GOR are stable or going down.
GOR has one decent asset ,half of Gruyère the rest of its investments dont add up to a hill of beans .
GOR is more of a holding company than a producer and is way over staffed .Management has spent most of its cash flow on DEG in the hopes of a quick profit through a takeover .Has not and will not happen .DEG management has made the decision to go it alone .It is simply not focused on building its mine and is wasting money on NOVO,ASHBURTON and further unnecessary drilling .Its way overvalued and will not provide cash flow or return to investors for years.
The following would make GOR a better investment.
1)fire current management.
2)Reduce companies workforce commensurate with its mission as a holding company(probably down to 10 or fewer employees).
3)Sell DEG share ,it is dead money .
4)stop exploring ,get rid of all its other useless assets.
5)Use the cash flow and money from. DEG to buy a quality producing or near producing gold company with prospects for expansion.They would have at least 500-800 million to do this .
In this way it would become a gold +- copper producer with a good cash flow ,this would enable the company to actually reward its shareholders
Its the only solution to making GOR a decent investment in this gold bull market.They could even buy Australias biggest silver or PGM deposit and bring either one to production.Depending upon DEG management to produce a return any time soon is “fools gold”.

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Just about hit the nail on the head with that but please don't advocate putting them in charge of bringing anything to production.
About the only thing they're proven good at is relieving holders of returns and opening up another cash gurgler can't be good

GOR Price at posting: $1.75 Sentiment: Hold Disclosure: Not Held
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Last $1.75		Change 0.025(1.45%)		Mkt cap ! $1.890B

Open	High	Low	Value	Volume
$1.68	$1.75	$1.68	$14.22M	8.214M

Buyers (Bids)

No.	Vol.	Price($)
1	4295	$1.74

Sellers (Offers)

Price($)	Vol.	No.
$1.75	94511	3

View Market Depth

No.	Vol.	Price($)
1	4295	1.735
1	4295	1.730
1	4295	1.725
1	4295	1.720
1	4295	1.715

Price($)	Vol.	No.
1.750	23152	3
1.760	14295	2
1.765	4295	1
1.770	7295	2
1.775	14295	2

Last trade - 16.10pm 02/08/2024 (20 minute delay)

GOR (ASX) Chart

Ann: Quarterly Activities Report - June 2024, page-25

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