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
Most shareholders are invested in GOR (especially over the next...
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Last
$1.56 |
Change
-0.005(0.32%) |
Mkt cap ! $1.684B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.58 | $1.52 | $7.851M | 5.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 92601 | 6 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |