GOR gold road resources limited

0.30%

$3.27

I don't think they did well, deg is still dropping in price, the...

First 9 Last

Share
Profile

Follow
Jrowl1

3,478 Posts.

475

08/07/22

18:16

Post #: 62448495
Share

Originally posted by Goldinvestunite: ↑

This is not financial advice but an observation.
GOR made the takeover offer for DGO on April 4 when the GOR share price closed at $1.62 and $A price of gold on that day was $A2,559.
Since then GOR has:
1. Achieved a record quarterly gold production with no COVID problems.
2. Made a brilliant acquisition of DGO that will see GOR with a 15 to 20 year + life and significant increases in profitability.
3. Production will increase because the grade is going up in the future.

Todays closing price for GOR was $1.11, a 31.5% reduction since the takeover offer, and the price of gold is $A2,600, which is higher than $A price at the date of the takeover offer.
Given all that GOR has achieved and will achieve there can be only one answer and that is the market is not fair and robust and is being played.
The same is being done to all Oz goldies. A large % of small trades to reduce the price.
I know there is talk of recession but GOR has got most of its ducks lined up. Maybe with a decent dividend payment and share buy back scheme
GOR could manage the low volume manipulators more effectively.

GO GOR

Keep The Faith

Gold Investors Unite

Expand

I don't think they did well, deg is still dropping in price, the other stocks that came with it are junk dcn, yrl worth 1/2 price now when gor made the offer. DGO just wanted to convert to gor where there is liquidity so they can sell out.

GOR Price at posting: $1.12 Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.27		Change -0.010(0.30%)		Mkt cap ! $3.552B

Open	High	Low	Value	Volume
$3.27	$3.32	$3.25	$12.27M	3.749M

Buyers (Bids)

No.	Vol.	Price($)
5	62067	$3.25

Sellers (Offers)

Price($)	Vol.	No.
$3.28	51987	3

View Market Depth

No.	Vol.	Price($)
5	62067	3.250
4	53670	3.240
2	107056	3.230
2	766	3.220
1	1000	3.210

Price($)	Vol.	No.
3.280	51987	3
3.290	44962	1
3.320	8500	1
3.330	300	1
3.340	36501	3

Last trade - 16.14pm 27/06/2025 (20 minute delay)

GOR (ASX) Chart

I don't think they did well, deg is still dropping in price, the...

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Monash IVF shares cater 25% – Disaster or deep-value play?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I don't think they did well, deg is still dropping in price, the...

Top Stories

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Monash IVF shares cater 25% – Disaster or deep-value play?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News