Its a mixed bag .they discovered Gruyere ,made the correct decision to farm out half the ownership to Goldfields ,got cash and Goldfields built the mine .As a result the share price had a large rise 4years years ago .Since then the share price has been stagnant in a major gold bull market .They bet half the farm on DEG and this investment has not turned out well ,I think they were expecting a takeover and quick profit ,this has not happened as DEG has chosen to go it alone .Little prospect of making much money on DEG as its way overvalued.In this gold bull medium sized producers are doing well and are being gobbled up by majors .Explorers havent yet had much of a rise.So in my opinion they need to offload DEG (which doesn't have permits in place)and use the money to buy out or into a profitable medium size producer.I have mentioned 2 ,there are some more out there but they are being gobbled up by the majors like Goldfields. GOR will continue to underperform until the management changes strategy. For example I own Hecla,a mid size silver and gold producer,it was up 50% this week.
GOR Price at posting:
$1.65 Sentiment: Sell Disclosure: Not Held
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