GWR has just issued a notice clarifying Resolution 1 for the AGM. It indicates that the performance hurdle has effectively been increased, albeit with Iron Ore as the focus instead of gold ... not a freebie! I read the AGM papers this morning and came to the same conclusion when reading the final page or two. The hurdle for Iron Ore is double that that applied for Gold (which most shareholders probably never read being at the very end!) I would be happy to vote in favour of the resolution. Today's sell off was triggered by shareholder ignorance (imo).
I suspect that today's trough will retrospectively be seen as an ideal buying opportunity.
Having said all this, it would be good to see more news soon. eg outcome of iron ore sales agreement negotiations, etc. Some drilling plans for their Uranium prospect would also add some extra fire to the share price:)
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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1 | 100000 | 0.078 |
2 | 151578 | 0.076 |
1 | 41666 | 0.072 |
1 | 14285 | 0.070 |
Price($) | Vol. | No. |
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0.084 | 276612 | 1 |
0.085 | 200000 | 1 |
0.087 | 59687 | 1 |
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