Penicilin
Anglogold Ashanti AGG MC $732m
Independence Group IGO MC $1049m
This combination have the tropicana deposit just south of our tenement boundary.
The farm is always worth more to the next door neighbour.
No approaches have been announced that I am aware of, but put yourself in their shoes. They have over a 5 million Oz resource just south of this 5000sq km owned by a minnow.
In this market with free cash and gold being viewed as a store of wealth in a world economy in deep strife.
If I was on the board that would be the target of future expansion plans.
Hope it does not happen, but the dynamics of the gold industry have changed. Thus far the market has not yet had time to respond to it.
Price of gold rising and share prices falling.
Hopefully the market corrects to the inherent value of GOR before a predator has time to grab a bargain.
Cheers
Mickph
getting sore arms, page-14
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Last
$1.81 |
Change
0.050(2.84%) |
Mkt cap ! $1.960B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.82 | $1.76 | $4.990M | 2.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6648 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 78248 | 3 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |