I just sent the following email to Gold Road
Hi,
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,
15% share price drop to Golds 2.5% in AUD
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Last
$1.58 |
Change
-0.010(0.63%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.57 | $2.306M | 1.459M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 23151 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 41205 | 21 |
View Market Depth
| Last trade - 12.06pm 06/05/2024 (20 minute delay) ? |
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Last
$1.58 |
Change
-0.010 ( 0.90 %) |
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| Open | High | Low | Volume | ||
| $1.60 | $1.60 | $1.57 | 310237 | ||
| Last updated 12.25pm 06/05/2024 ? | |||||
| GOR (ASX) Chart |