Both GOR and its major investment DEG remain in a trading range .Both towards the high end right now .This is related to increase in the price of gold.GOR remains overvalued as is DEG which has risen on the Fake news that Agnico is interested in taking over DEg.A review of recent statements by the president of Agnico reveals they are primarily growing organically (they have lots of projects in house).The recent Quarterly activities and cash flow report reveal as that timelines for permitting have slipped another three months .Mine will thus be delayed a further three months and about 9 months later than the estimate a few months ago.Meantime cash burn rate continues between 30-40 million dollars a quarter before construction even begins.
GOR Price at posting:
$1.90 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)