I guess you need to ask yourself why they paid a premium. Goldfields have 10% of the company and 50% of Gruyere. If someone else (say Sumitomo) wanted to takeover GOR they cannot given 10% is a blocking stake.
So there is little prospect of a bidding war for now and traders aren't going to bid up the price 27%.
Still some risk that Gruyere doesn't live up to expectation (although I think it has less risk than most developing projects).
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GOR
gold road resources limited
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1.10%
!
$3.21

I guess you need to ask yourself why they paid a premium....
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Last
$3.21 |
Change
0.035(1.10%) |
Mkt cap ! $3.443B |
Open | High | Low | Value | Volume |
$3.19 | $3.21 | $3.18 | $1.132M | 354.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 35376 | $3.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.21 | 134257 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 130076 | 3.190 |
23 | 75369 | 3.180 |
13 | 163831 | 3.170 |
11 | 116587 | 3.160 |
9 | 37218 | 3.150 |
Price($) | Vol. | No. |
---|---|---|
3.200 | 106813 | 41 |
3.210 | 59790 | 11 |
3.220 | 158806 | 10 |
3.230 | 106595 | 7 |
3.240 | 21221 | 2 |
Last trade - 10.34am 14/07/2025 (20 minute delay) ? |
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GOR (ASX) Chart |
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VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
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