pretty dreadful when you consider they paid dividends of $20m last year, compared to $7m corporate costs in one quarter and $8m again finance and lease costs again one quarter (which is ??? Considering they have no debt or operations- maybe fancy office and fancy company cars for the 95 or so staff - anyone know?)
and all that before the 10’s of millions pi$$ed away on failed exploration every quarter
the only thing holding up the share price is a looming T/O ( an efficient operator would cut all the above fat out ). All our returns are going on fat salaries, (probably also a few flash company cars, boozy lunches, bonuses) but definitely not on generous dividends.
GOR Price at posting:
$1.70 Sentiment: Hold Disclosure: Held
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