The amount of cash they are generating in this unhedged bullion can only be used for increased dividends, exploration or for aquisitions/mergers. There is no value in having all that cash in the bank account.
I don't know how much more they will spend around Yamarna on exploration. Doubt it will be a lot...........they will just truck that high grade stuff to Gruyere. Pilbara though is worth more drill holes. An increased divvy will come from shareholders wanting their piece of the pie.
I almost sold at $2, paused a day or so and watched it plummet. This time I think will be different as the production issues and weather should be behind them in the 2nd half of this year.
GOR Price at posting:
$1.79 Sentiment: Buy Disclosure: Held
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