I hope you are well. I am writing with regards to the decline in share price. The AUD gold price has been relatively constant over the last 8 weeks moving around a 1-3% band with GOR share price falling over 15% from $0.82 in the same period with a sharp drop in the last week.
My only concern is whether or not there have been project delays and/or cost overruns that have not been made public which some investors are aware of. I think an ASX announcement to rule this in or out would be welcomed by shareholders. The ASX would likely issue a speeding ticket if the there had been an unexplained share price increase.
One Hotcopper poster believes the share price fall may be a result of GOR not being included on the Vaneck GDXJ, which seems a reasonable thesis in the absence of any other information.
I will be posting this email on HotCopper.
Kind regards,
GOR Price at posting:
69.5¢ Sentiment: Hold Disclosure: Held
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