Well they are a new kid on the block. And I will agree with you that something is holding back institutional investors from buying in. What is it?
- Finance facility? Potential for a strong move up in SP if successful.
- Still untested producer? Better certainty of production volume or any confirmation on previous guidance will move SP up.
GDO needs to have a good quarter of production to improve investor confidence. I am in because upside exceeds downside.
Your reservations are completely warranted. However, if they do deliver what the promise ~90koz this year, company is cheap. PE of 5 at current price of gold and production of 90koz.
150koz next year and higher POG suggests further growth.
Does anyone have any knowledge why management guidance should not be trusted?
DYOR
- Forums
- ASX - By Stock
- GDO
- demand rising and smart money entering
demand rising and smart money entering, page-5
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)