GOR 0.28% $1.79 gold road resources limited

On market buyback of shares needed

  1. 181 Posts.
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    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
    Gold Investors Unite
 
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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
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
GOR (ASX) Chart
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