not sure I totally agree with all your comments on DEG, but agree with your comments on GOR. When Gibbs took over they had no debt, cash, and money coming in every month. They didn’t have to do any work, just collect the cash. Since then they have paid f#ck all in dividends, hired 100+ staff, made dud investments, failed exploration, and the cash coming in is the same as if they had 3 or 4 people on the payroll. the problem is the cash going out the door and on Gibbs failed projects, investments, and exploration.
GOR Price at posting:
$1.90 Sentiment: Hold Disclosure: Held
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