The amount of cash they are generating in this unhedged bullion can only be used for increased dividends, exploration or for aquisitions/mergers. There is no value in having all that cash in the bank account.
I don't know how much more they will spend around Yamarna on exploration. Doubt it will be a lot...........they will just truck that high grade stuff to Gruyere. Pilbara though is worth more drill holes. An increased divvy will come from shareholders wanting their piece of the pie.
I almost sold at $2, paused a day or so and watched it plummet. This time I think will be different as the production issues and weather should be behind them in the 2nd half of this year.
$2 dollar club, page-317
Add GOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.56 |
Change
-0.015(0.95%) |
Mkt cap ! $1.690B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.55 | $1.959M | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 36354 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 52029 | 50 |
View Market Depth
| Last trade - 12.04pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.56 |
Change
-0.015 ( 1.43 %) |
||||
| Open | High | Low | Volume | ||
| $1.56 | $1.57 | $1.55 | 308103 | ||
| Last updated 12.21pm 14/06/2024 ? | |||||
| GOR (ASX) Chart |