GOR gold road resources limited

0.00%

$3.28

both companies have no debt that is their strength...deg have...

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Tropicalize

290 Posts.

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06/09/24

11:23

Post #: 75558250
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Originally posted by Arh0070: ↑

If one has a big profit on a small miner where the price goes up a lot like GOR and DEG a few years ago it is wise to sell at least 50-75% so at the very least one makes a nice profit and the rest are free shares.Knowing when to sell is probably more important than when to buy.sometimes you sell out too early but better than too late .
The markets very nervous right now ,quite obvious a major recession is coming .Hopefully it wont morph into a depression.
DEG is suffering because it has no revenue ,is foolishly spending 10 million a month looking for reserves they Would appear not too need.Permitting is not approved ,even if they have ordered long lead items the plant completion is being delayed day by day ,week by week ,month by month while costs go up .
GOR has been absolutely foolish to invest in DEG now they are probably stuck .I doubt they could sell there hundreds of millions of deg shares that they own.DEG management is in cloud cuckoo land and totally oblivious to what is going on .They need to be replaced just like GOR management.
It is quite obvious with such a large and complex plant processing sulphide ore that costs are going WAY up.
Hopefully a few people listened and got out of DEG/GOR .

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both companies have no debt that is their strength...deg have over 600 million cash on hand

Last edited by Tropicalize: 06/09/24

GOR Price at posting: $1.55 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $3.28		Change 0.000(0.00%)		Mkt cap ! $3.579B

Open	High	Low	Value	Volume
$3.27	$3.32	$3.26	$2.642M	801.3K

Buyers (Bids)

No.	Vol.	Price($)
24	69787	$3.28

Sellers (Offers)

Price($)	Vol.	No.
$3.29	107558	71

View Market Depth

No.	Vol.	Price($)
20	51065	3.280
28	136694	3.270
13	164259	3.260
12	140926	3.250
7	47031	3.240

Price($)	Vol.	No.
3.290	104196	66
3.300	184649	40
3.310	152320	23
3.320	36326	11
3.330	20408	6

Last trade - 12.19pm 27/06/2025 (20 minute delay)

GOR (ASX) Chart

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