GOR gold road resources limited

China sneezes & we all catch cold

  1. 13,754 Posts.
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    Sixteen days to the annual report and overdo certainty of the real -good GOR
    Countries doing a reasonable job in dealing (containing) with the virus- China on the return to normal.
    Fed and Countries are flushing markets that now have excess money for investors to shop for good stocks.
    Unlikely GOR will go down much further if any (maybe a misguided shorter, or bigger trying to get scared volume) as already pressed lower to ridiculous lows.
    The principles of GOR in strong as been the case before all this fear has generated and the greed pressured carnage of its share price.
    All have choices as we all meant to have to loose 3 fortunes in a lifetime. I have made my choice and will not sell as a loss for another to gain.
    These fed and other cashed up buyers are eying bargains, China loves gold, Rich love profit. Even retain want a good investment with upside.
    GOR has been an open pit lost cost gold producer for six+ months now and can self fund its drilling and growth as masses of profit from months of high gold prices, and now with lowered oil prices which is the big major in GOR low costs. The Pit has a life for 15+ years for gold yet to come.
    The company has for weeks now two separate ongoing drilling campaigns the JV and they declared a week ago that news will start in a couple of weeks.
    The second campaign is around their large open pit resource some with another JV in Goldfields but mainly on their 100% owned land.
    GOR have stated that they are targeting a 1 million oz target (will create huge upside profit) and many have stated that GOR are the exploration good and Goldfields the mill good.
    The Mill shared with Goldfields is expected to get "nameplate" (new mills optimal performance) to be declared any day now and will give much needed confidence to more now so nervous stakeholders.
    GOR debt is now expected to be as good as non existent with strong profit and still continuing high gold prices that could spike up with macro spending and insecurity and China returned as a huge gold loving driver.
    So the GOR annual report and its vision statement will be interesting for me. So many options GOR has in using its wealth. Will it play safe in sitting on cash, or share buybacks to give shares backbone, or dividends to attract sturdier investors, or will GOR search for more farm ins or takeovers or all three and more. This is the potential of being a mid tier low cost, long term open pit gold producer that has enjoyed a good preparation and start up with good profit for months. Must add good workers and will read on in the annual report hopefully in good management.
    Not getting my shares - Just saying
 
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(20min delay)
Last
$3.40
Change
0.010(0.29%)
Mkt cap ! $3.693B
Open High Low Value Volume
$3.42 $3.44 $3.39 $16.05M 4.707M

Buyers (Bids)

No. Vol. Price($)
1 1380 $3.39
 

Sellers (Offers)

Price($) Vol. No.
$3.41 129841 3
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Last trade - 16.10pm 03/09/2025 (20 minute delay) ?
GOR (ASX) Chart
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