With so much dirt to drill and a major as J/V partner just watch...

First 6 Last

Share
Profile

Follow
Pactolus

1,284 Posts.

05/06/17

13:47

Post #: 25102143
Share

Originally posted by OceanView ↑

"I guess you need to ask yourself why they [GFA] paid a premium.[?]" nordsemic.

Simple. GFA see the premium as the LEAST they could pay to realize far greater, longer profits.

"If someone else (say Sumitomo) wanted to takeover GOR they cannot given 10% is a blocking stake."

I've never read anywhere that only a 10% stake can stop a bidding war. A corroborating link would be appreciated.

"... traders aren't going to bid up the price 27%."

Traders NEVER were, but would play the ride up if it were in their interests, eg. volume, daily range; momo traders maybe are getting ready now; however, GOR's about an investment made by investors.

"So there is little prospect of a bidding war for now[.]"

With no bidding war, with traders out, with 10% set in stone then stick a fork in it because she's done... BUT what about the frenzied shorts? Who are they acting for? Another secret bidder accumulating a 10% stake by other means than a single purchase from an insto? How about that insto, what if they sold a 5% or 10% stake to another bidder for a 35% premium?

I think GOR is in PLAY as evidenced by the active shorts and the premium expense of a SINGLE transaction bringing a 10% position.

We'll see how this plays nordsemic, Good Luck to you and all GOR longs.

OV

Expand

With so much dirt to drill and a major as J/V partner just watch this stock soar as the price of gold pushes ever higher. GLTAH

GOR Price at posting: 72.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

S32

South32 flags higher Mozal costs as site's electricity supply remains 'uncertain'

AII

Inside the depths of Panasqueira: A legacy carved in rock

AHN

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

TMG

Trigg up +10% on antimony target boost; fieldwork kicks off

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.21		Change 0.035(1.10%)		Mkt cap ! $3.481B

Open	High	Low	Value	Volume
$3.19	$3.21	$3.18	$1.407M	439.8K

Buyers (Bids)

No.	Vol.	Price($)
36	98662	$3.20

Sellers (Offers)

Price($)	Vol.	No.
$3.21	274296	50

View Market Depth

No.	Vol.	Price($)
35	101176	3.200
47	178220	3.190
16	109322	3.180
8	113168	3.170
10	116483	3.160

Price($)	Vol.	No.
3.210	213678	48
3.220	176666	13
3.230	122048	10
3.240	22160	5
3.250	34247	9

Last trade - 11.14am 14/07/2025 (20 minute delay)

GOR (ASX) Chart

With so much dirt to drill and a major as J/V partner just watch...

South32 flags higher Mozal costs as site's electricity supply remains 'uncertain'

Inside the depths of Panasqueira: A legacy carved in rock

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Trigg up +10% on antimony target boost; fieldwork kicks off

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

With so much dirt to drill and a major as J/V partner just watch...

Top Stories

South32 flags higher Mozal costs as site's electricity supply remains 'uncertain'

Inside the depths of Panasqueira: A legacy carved in rock

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Trigg up +10% on antimony target boost; fieldwork kicks off

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News