Agree ... Valuation of DEG investment for GOR is up 27.5% since last 30 June financials from 1.09 in 1 July now 1.39 today ..
"Financial assets at fair value of $478.4 million (31 December 2023: $465.0 million) increased as a result of further acquisition of shares in De Grey Mining Limited and movements of the market price of multiple investments in listed entities . That' s that roughly an increase of 131.5 Million (27.5% x 478.4 million .) Total Investment now worth 610 million .. am sure an offer would be higher.
GOR has not risen 27% in fact is lower at 1.71 from 1.78in July ... should be well over $2 This does not even take into account the rise in the gold price since July 2024!! The price of gold has seen a significant increase. It started at approximately $2,063.73 per ounce and has risen to around $2,658.40 per ounce as of late September1. This represents an increase of about 28.89%. DYOR ... but definitely undervalued IMO.
Mr Market is very odd at times ... we even have 2.35% shorted from State St Share borrowings.
GOR Price at posting:
$1.71 Sentiment: Buy Disclosure: Held
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