GOR 2.20% $1.86 gold road resources limited

Why Sell????, page-21

  1. 817 Posts.
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    Tree Shakers Rule 101.

    Shake thy tree to flush out the loose hands, clear the dead wood, the meek and the weak.

    Big buyer/s currently still on the side lines, now happily picking up those who sold earlier today and now at lower levels.

    Gruyere announcement this morning looks solid (IMO) nothing unexpected in fact wording suggests now finalising a Mineral Resource update.- an update (definition- is to amend, refresh revise, rejuvenate).

    Sounds pretty positive to me punters?

    Refer to Justin Osborne's comments as well on page 1 (DYOR).

    Also as a footnote IGO announcement of SIR today for reference.

    SYDNEY--Independence Group NL (IGO.AU) Monday said it plans to acquire Australian rival Sirius Resources NL (SIR.AU) in a deal worth 1.8 billion Australian dollars (US$1.4 billion). Independence Group said Sirius shareholders would receive 0.66 shares in Independence for each share they currently hold in Sirius, as well as cash of A$0.52 per share. Sirius investors will also receive roughly one share in S2--a new company that will hold Sirius's Polar Bear and Scandinavian exploration assets--for every 2.5 shares held in the company. It said the deal values Sirius at A$4.38, a 35% premium to the miner's last traded share price of A$3.24. Shareholders will vote on the deal at meetings expected to be held in late August, said Independence, which aims to complete the acquisition in September.

    So why Sell?

    Cheers Aussie
 
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