Posters who are in two minds are oblivious to the fact that the purchase is exactly like an everyday person buying an investment property and leasing out the premises,hence covering most of the interest and repayment. Gdo have acquired a company,where the asset is paying itself off due to its current producer status...gdo is basically negative gearing and getting the gold and uranium for free after the debt has been serviced..in the meantime any cost savings will add to the bottomline which i am sure mgt have considered, pog and uranium price will continue its trend up, and gdo gold assets combined will be producing 300k plus without even factoring in vent...mgt know what they are doing, this asset is close to home and it is ofcourse shallow with further exploration potential...
GDO Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held