My thoughts are that GOR is undergoing a period of consolidation, allowing the marketcap to drift back and match what they have on the board. Maybe Ian is on an extended break.
Once they have a bit more ammo, some more blue sky hits, Ian will be back in force, the shareprice will follow the next leg up and likely a cap raising. Ian has shown himself to be a very canny operator.
With gold companies, we rarely see the shareprice slowly increase over the years, rather, it jumps up, ratchets around a bit, drifts down, then goes for another leg up in 3-6 months. If you are a trader, you can watch for changes in price and volume and jump in for the leg ups. Or, if you cannot watch the screen, you follow strong management and buy and hang on during the slow periods. GOR is great for either strategy.
That 33km trend is looking great!
My thoughts are that GOR is undergoing a period of...
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Last
$1.63 |
Change
-0.033(1.96%) |
Mkt cap ! $1.760B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.65 | $1.62 | $2.829M | 1.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 32696 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 64217 | 52 |
View Market Depth
| Last trade - 14.32pm 26/06/2024 (20 minute delay) ? |
| GOR (ASX) Chart |