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.
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Last
$1.65 |
Change
-0.058(3.36%) |
Mkt cap ! $1.741B |
Open | High | Low | Value | Volume |
$1.62 | $1.66 | $1.56 | $8.231M | 5.103M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 28536 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.66 | 12204 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 28517 | 1.650 |
21 | 55098 | 1.645 |
13 | 51276 | 1.640 |
10 | 29595 | 1.635 |
9 | 36233 | 1.630 |
Price($) | Vol. | No. |
---|---|---|
1.655 | 15737 | 11 |
1.660 | 34834 | 11 |
1.665 | 43751 | 11 |
1.670 | 16883 | 6 |
1.675 | 21482 | 7 |
Last trade - 12.17pm 31/07/2024 (20 minute delay) ? |
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