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
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Ann: December 2022 Quarter Production Update, page-12
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$1.56 |
Change
-0.010(0.64%) |
Mkt cap ! $1.690B |
Open | High | Low | Value | Volume |
$1.57 | $1.59 | $1.55 | $9.739M | 6.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 189275 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.57 | 39128 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 189275 | 1.560 |
2 | 92028 | 1.555 |
11 | 119972 | 1.550 |
2 | 25905 | 1.545 |
2 | 5910 | 1.540 |
Price($) | Vol. | No. |
---|---|---|
1.565 | 39128 | 2 |
1.575 | 5905 | 1 |
1.580 | 65922 | 6 |
1.585 | 61715 | 3 |
1.590 | 6663 | 1 |
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