GOR 1.50% $1.70 gold road resources limited

Ann: Gilmour and Renegade Mineral Resources, page-52

  1. 4 Posts.
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    I can't see the debt as too much of an issue as it is minimal. Sept quarter financials show $80.419M drawn from a $150M facility with cash & cash equivalents sitting at $65.317M at the same time.

    Bring on nameplate and if the AISC are as reported that debt will be gone in no time.

    Being said would still like to see the exploration expenditure continua as a priority, and keep dividends in you timeline of 2-3 years.
    https://hotcopper.com.au/data/attachments/1867/1867382-afeb933003577886f9c3e82dca8f6782.jpg
    https://hotcopper.com.au/data/attachments/1867/1867385-d4e092af2ee2f37f21767591c791035f.jpg


 
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