Gor is self funding , has 100 mill in the kit. Owns 20 per cent of DEG . Must launch a bid to own anymore of DEG. GOR currently has an unused 500 mill undrawn loan capacity agreement in place . They must bid for the other 80 per cent, but it could be a script or script & cash offer. most likely GOR would opt to use their loan capacity to partially fund a billion dollar mill. It may be ownership of 50 per cent as a joint venture, ie another 30 per cent , for X hundred mills. Would need to do the figures . I imagine this is the type of scenario they are nutting out at the moment . But this is pure speculation , but the 20 per cent they already own was done because they considered it a good investment . Just my opinion: Do Your Own Research .
GOR Price at posting:
$1.66 Sentiment: Hold Disclosure: Held
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