Forum Topics GOR GOR UBS Nov 2024

Pinned straw:

Added 5 months ago
  • Observation:
  • Checked GOR: Remarkably holding up here
  • 8th Nov UBS had a Report: Gruyere H1CY24 Performance
  • - Mining movement in CY2023 below plan
  • - Rain event at the end of Q1 CY2024
  • - Road closures for 7 weeks
  • - Disrupted operations for 5 weeks
  • - Focus on Stage 4 mining to increase ore availability

  • Now looking forward:
  • Uninterrupted access to Ore during 2025
  • Planned Pre-strip
  • of Stage 6 in 2025
  • - 2025 waste stripping will concentrate on Stage 5 & 6 - setting Gruyere up for 2026

  • GOR, Analyst:12, a revised EPS Forecast of: 32.05 % And Return on Capital looks robust now




Tom73
Added 5 months ago

I recently sold GOR having held since March 2021 and kicked myself for not selling at $2 in December last year I took the opportunity at just under $2 in October. My view in December 2023 was that gold prices were heading towards 2500 from 2000 and at that price GOR would be worth north of $2.50.

I was right about the gold price but very wrong about the price of GOR. It has been my first gold stock and so my learning tool, profitable but confusing at times.

The sale of De Gray should push GOR well over $2.20 but what happens is not something I have any success in picking.

I will continue to watch GOR, but would only be interested if it is at least 40% below what I consider a fair value, because the market seems to see my fair value as 10-20% too high..

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