I really like Gold Road's presentations. Easy to read through and I always go straight to the shareholder piechart and substantial holders and we now have Gold Fields 10% and SunValley 10% . Page 4 lists the three stipulations restricting GFI to 10%
1. If I'm reading this correctly, Gold Fields would have to wait two years after ceasing to be a JV with GOR on the Gruyere Project to acquire more than 10% of GOR. Seems to me that if the JV ended GFI would want to sell instead of waiting around for two years to buy more. Anybody got a take on this?
2. This one seems pretty good. Almost a set up for a bidding war. I just don't see another company that's not already involved with GOR showing up. Maybe SunValley would go for 20% and use that as a bargaining chip for a % of the NSR at the end.
3. The catch all! If GFI walks into the offices of GOR and presents them with a deal to acquire another 10% or more and GOR's Board says OK, then it happens!
--This is fun, no telling what's going to happen.
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- Ann: Investor Presentation - May 2017
Ann: Investor Presentation - May 2017, page-2
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$1.56 |
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Mkt cap ! $1.684B |
Open | High | Low | Value | Volume |
$1.56 | $1.58 | $1.52 | $7.851M | 5.075M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
$1.56 | 92601 | 6 |
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No. | Vol. | Price($) |
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1 | 20000 | 1.550 |
2 | 33909 | 1.545 |
7 | 87587 | 1.540 |
3 | 103602 | 1.535 |
3 | 72245 | 1.530 |
Price($) | Vol. | No. |
---|---|---|
1.555 | 92601 | 6 |
1.560 | 106446 | 2 |
1.565 | 46518 | 1 |
1.570 | 15727 | 2 |
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