A couple of points
in February, who thinks GOR will buy another 3% of DEG? I think they will to strengthen their position in any takeover from a global major. I would say this is coming in 2023 especially if POG continues to rise and global geopolitical risks remain. Potentially GOR could negotiate to retain a percentage in support of any takeover.
something else worth noting is Gold Road holds an uncapped 1.5% NSR on Gold Field’s production when Gruyere production exceeds 2 million ounces. Not sure what date this kicks in, maybe 2024-2025. This could be worth A$15m per year at todays prices
GOR has been a slightly unloved share but I think potentially has a lot going for it, especially if the exploration eventually delivers. I originally bought in 65c and not sold anything, but can see juicy annual dividends 2025/26 onwards …… if they aren’t bought out themselves before
Ann: December 2022 Quarter Production Update, page-12
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Last
$1.71 |
Change
-0.030(1.72%) |
Mkt cap ! $1.852B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.70 | $2.971M | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12396 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 3919 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |