GOR has blown past risk/developer status. It's a veritable cash machine at these prices.
Well run companies as far as I know (stand corrected) did not see the need to hedge the POG at $2800. Some perhaps did, and will be rewarded.
The reason is that they expected gold to fetch higher prices, much higher. And it will.
With margins being in the $1000 range or thereabouts cashflows are as good as they ever have been and M&A will continue to grow. Now is that time.
If Tropicana gets up and is debt-funded payback should be short and sweet.
The fact EVN are circling also tells you there is merit in pulling the trigger. EVN are very savvy buyers of world class assets at reasonable prices.
GOR would have done forensic due diligence on this one and at these prices you'd be mad not to take a stab.
The next couple of months should be transformational, not just for GOR but for the sake of humanity.
A Gold Standard and NESARA are firmly in play.
We will watch this space.
GOR has blown past risk/developer status. It's a veritable cash...
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Last
$1.59 |
Change
-0.020(1.24%) |
Mkt cap ! $1.722B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.63 | $1.58 | $6.790M | 4.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10288 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 5848 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.59 |
Change
-0.020 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| $1.63 | $1.63 | $1.58 | 1171576 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| GOR (ASX) Chart |