Market cap of GOR Down some $200m today on news of production at the lower end of guidance....because that represents a permanent loss......oh wait, No, that means the gold is still in the ground......and will be dug up and sold in the future, probably at a higher price. On reflection - I wonder how long that gold has been in the ground? perhaps 100million years? ......what a disaster that it gets to stay there for a few more weeks or months!
The fundamentals have not changed - GOR has a really good cash producing mine, cash in the bank, nil debt, holds 20% of DEG - the best Gold development in the country, and exploration upside. Today just provides a good opportunity to top up for anyone with the cash. GLTAH's
Ann: December 2023 Quarter Production Update, page-20
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Last
$1.79 |
Change
-0.005(0.28%) |
Mkt cap ! $1.933B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.82 | $1.78 | $4.213M | 2.358M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13140 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 83053 | 8 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |