Many gold companies have developed War Chests and aggressive m&A is likely to occur in this space as gold companies add cost effective mine life to their portfolio's
Cashed up gold companies have been reluctant to increase or pay dividends. I believe the strategy is to add mine life via prudent acquisition.
Gold Road is a target for their diligent work on Gruyere. They tick ALL THE BOXES.
Keep watch.
EXAMPLES of cashed up miners
As of Feb 2017 see the the following cash balances below.
Northern Star Resources has $525m available
http://www.theaustralian.com.au/bus...s/news-story/7ca111f03771ae43702d29ad9524a776
Newcrest have $500m
http://www.smh.com.au/business/mini...vidend-as-earnings-surge-20170209-gu9v8n.html
Newmont has a very health balance sheet
http://stocknewsjournal.com/2017/03/31/how-does-newmont-mining-corporation-nem-stack-up-right-now-3/
St Barbara is now debt free and has an aggregate cash balance of $80m
https://thewest.com.au/business/min...nds-after-repaying-all-its-debt-ng-b88384664z
PROFESSIONAL OPINION
https://www.australianmining.com.au/news/coal-gold-deals-way-australian-mining/
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Last
$3.41 |
Change
-0.030(0.87%) |
Mkt cap ! $3.704B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.46 | $3.41 | $209.9M | 61.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1502600 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.46 | 873 | 1 |
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| Last trade - 16.10pm 19/09/2025 (20 minute delay) ? |
| GOR (ASX) Chart |