GOR 0.27% $1.83 gold road resources limited

Ann: Investor Presentation, page-3

  1. 2,194 Posts.
    lightbulb Created with Sketch. 53
    OK...Heads up long timers.

    Whenever I see "Investor Presentation"...I smell CR coming up.

    Looking over the last "Quarterly Activity and Cash Flow Report" there was approx $14M in cash at the end of March.

    On Page 24 - 4.0... the "Estimated cash outflow for next quarter" is estimated to be $6,710,000 (April - June)

    So my concern is the coincidence of the following:

    a) Big increase in SP since Jan 2014 (setting up SP for CR discount???)
    b) Investor Presentation Released 2 July (European Road Show)
    c) Could be out of cash by end 2014 (Depending on forecast cash outflows for next quarter July - Sept)

    IMO...possible CR on the horizon

    Does anyone know if Sumitomo Metal Mining (JV Partner) are required to tip more cash....and if so when?

    Any thoughts?...constructive input appreciated.

    Thanks in advance.

    As always DYOR
 
watchlist Created with Sketch. Add GOR (ASX) to my watchlist
(20min delay)
Last
$1.83
Change
-0.005(0.27%)
Mkt cap ! $1.982B
Open High Low Value Volume
$1.82 $1.84 $1.79 $9.179M 5.043M

Buyers (Bids)

No. Vol. Price($)
4 39700 $1.83
 

Sellers (Offers)

Price($) Vol. No.
$1.84 18397 2
View Market Depth
Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
GOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.