Ann: KGP Delivers Another Strong Quarter, page-10

"For what it's worth, whilst I don't hold GOR, I feel on balance, its undervalued compared to CMM. Perhaps not by much, but...I guess that is for another discussion."
Lets have that discussion.
Do you honestly believe that gold will be poured at DEG before Mt Gibson...?
Do you find it strange that zero insider sales have occurred at CMM in recent years?
GOR board and management hold just $34.16m of a $1.9bn entity - 1.8%
CMM board and management hold $256.51m of a $1.8bn entity - 14.5%
22.2% dilution in last 12mths at GOR is worse for holders than the 13k hedge obligation here at CMM which you seem alarmed by
Also bearing in mind that 22.2% dilution is comprised partly of performance shares, some of which were then onsold...
Why pay a paltry dividend when you are diluting...................?
Keep flapping on about AIC vs AISC - but avoid looking at the stark realities outside of your favorite metrics.
Whilst we agree that both companies are at the top of the table when considering Aussie mid-cap gold investment - we disagree on what we believe will provide a stronger upside in the next few years.
Tell me what you think of BGL spec