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$1.79 gold road resources limited

$2 dollar club, page-356

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BrucieKibbutz

2,163 Posts.

562

23/05/24

11:00

Post #: 73971401
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Originally posted by Arh0070: ↑

Gor share price has done nothing for 3 years .This is despite having a producing asset(Gruyere)and a rise in the POG.
This is primarily because of having a lot of money tied up in an asset thats going nowhere for years (DEG).
I think GOR management must have bought DEG expecting it would be taken over and they would make a tidy profit .obviously not going to happen,DEG is going alone and its costing GOR a lot of thier cash flow.
The recent DEg offering is one of the biggest I have ever seen in 40 yrs investing something like 500 million shares sold.This will create an enormous overhang over the market as prior owners who bought at 1.10 will sell into the market and make a short term tidy profit .
How long this overhang lasts is anyone’s guess since the offering was an enormous number of shares.

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I got in 3 years ago..... at 1.20.....

I could have sold for $2 but was happy to hold and collect the meager divies . I'm still sitting on over 30% profit.

Yes the share price has been up and down but to say its done nothing is just Ill informed rubbish.

What do you expect 20% a year?

Last edited by BrucieKibbutz: 23/05/24

GOR Price at posting: $1.61 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.79		Change 0.000(0.00%)		Mkt cap ! $1.939B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	7	$1.88

Sellers (Offers)

Price($)	Vol.	No.
$1.71	5140	2

View Market Depth

No.	Vol.	Price($)
1	7	1.875
2	1469	1.830
1	2055	1.800
2	6272	1.795
3	14076	1.790

Price($)	Vol.	No.
1.710	5140	2
1.745	111	2
1.775	1040	2
1.780	101	1
1.795	7250	1

Last trade - 09.31am 05/07/2024 (20 minute delay)

GOR (ASX) Chart

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