Most shareholders are invested in GOR (especially over the next 5 years) for capital growth and not for a 1% or 2% dividend.
GOR is progressing well and so is a prime cheap target for a takeover. This is why GOR is being shorted. This strategy will drive up the sp and force a much higher takeover offer rather than referring to the last 30 day average +25%.
As interest rates are low it is a good time to borrow cheaply, buy GOR shares and pay back the debt out of future cash flows. The low interest rates would represent a minimal cost to secure a much higher sp. This is effectively managing shareholder wealth and not just watching the passing parade. If a cheap takeover is completed then the existing shareholders do not get a chance to participate in the $4 share value in 5 years time.
Any new discovery will be a long way off being proven so may not impact on the shorters in the short run
As a shareholder ask the Board to consider this strategy.
Keep The Faith
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Last
$1.79 |
Change
-0.005(0.28%) |
Mkt cap ! $1.933B |
Open | High | Low | Value | Volume |
$1.80 | $1.82 | $1.78 | $4.213M | 2.358M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13140 | $1.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.79 | 83053 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6266 | 1.775 |
2 | 17543 | 1.770 |
1 | 6427 | 1.765 |
3 | 27165 | 1.760 |
1 | 6427 | 1.755 |
Price($) | Vol. | No. |
---|---|---|
1.790 | 1350 | 1 |
1.795 | 12066 | 2 |
1.800 | 30066 | 3 |
1.805 | 6712 | 2 |
1.810 | 9030 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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GOR (ASX) Chart |