GOR

1.19%

$1.70 gold road resources limited

It would seem to me that current SH have no idea of the mountain...

First 16 Last

Share
Profile

Follow
Agent86

2,977 Posts.

481

20/03/20

12:09

Post #: 43602961
Share

Originally posted by aussiemaddog: ↑

IMO Disagree!

JMT -No point having wads of capital (Cash) and being fully funded and in a debt free position for some predatory vulture to swoop in and steal the prize.

How do I know... seen it and experienced it before!!!!!!

No point having the best run company in the world if someone comes and steals it from you and shareholders.

GOR has fallen in value by about 50% therefore IMO has to be 50% more likely to be in the eyes of vultures right now!

What I would like to see and hear is the corporate strategy to keep GOR pest free and in our hands/destiny!

For an example let’s say Roughly 878.9 million shares let’s say 900 million for purpose of calculation :

For every cent dividend the company pays costs $9m (after tax) bottom line.

Let’s say for the example an initial maiden 4c (has to be fully franked) to attract the superannuation money, therefore costing $36m, at time of writing this they may have already covered this and some more with current prices of gold.

Then use some of the tax franking credits they have roughly 8c per share (the tax has already been paid) say half again for calculation .4c- remember this costs nothing to distribute as company has paid the tax ( let the loyal shareholders benefit) it’s no use to anyone sitting in the balance sheet. Some vulture will be thinking I get almost $70m tax credit if I have a crack at this!!!!

Therefore .04c maiden dividend

Plus. .04c tax credit transferred to loyal shareholders.

IMO Will cause this to clear out the circus clowns that have been playing with Gor of late. As money will flow in for returns and the true value of Gor may finally be realised for all shareholders.

With over $100 million Cash in bank and tens of millions paid off, a strong corporate balance sheet and fully funded exploration programs in place IMO the time is right to protect the great company GOR is today.

Not to do anything IMO leaves the company open to the predatory vultures who must be circling given the stock is a 50% discount to where it was just over three weeks ago.

GOR look it as house insurance to protect the fine castle that has been booked, and certainty for not only loyal shareholders but for the jobs of all loyal hard working employees and management and board.

I would rather own a percentage of something than 100% of nothing if someone else (Vulture) stole Gor away!

PS oh yes a share buyback.., let’s keep that one until next time (Call it Plan B...say).

Good luck to all holders

Cheers Aussie

Expand

It would seem to me that current SH have no idea of the mountain of cash flow being generated over the last quarter. We're currently at 2660 with an AISC of around 1100. That's 1560 per ounce, with oil crashing.

As aussie suggested, would SH prefer a lowball takeover at these prices?

You'll have no divvies and no company.

Complacency is not a strategy.

Last edited by Agent86: 20/03/20

GOR Price at posting: $1.10 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

BUX

Buxton projects new graphite province discovery at WA Narryer play

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 80 more messages in this thread...

First 16 Last

Add GOR (ASX) to my watchlist

(20min delay)
Last $1.70		Change 0.020(1.19%)		Mkt cap ! $1.837B

Open	High	Low	Value	Volume
$1.65	$1.70	$1.65	$5.638M	3.356M

Buyers (Bids)

No.	Vol.	Price($)
1	20338	$1.69

Sellers (Offers)

Price($)	Vol.	No.
$1.70	25767	2

View Market Depth

No.	Vol.	Price($)
1	5696	1.680
2	5696	1.675
3	38968	1.670
1	5696	1.665
1	5696	1.660

Price($)	Vol.	No.
1.700	5900	1
1.710	5595	1
1.715	47748	4
1.720	11408	2
1.725	5696	1

Last trade - 16.10pm 04/10/2024 (20 minute delay)

GOR (ASX) Chart

It would seem to me that current SH have no idea of the mountain...

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It would seem to me that current SH have no idea of the mountain...

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News