Top member reports
Consensus community valuation
$2.37
Average Intrinsic Value
30.8%
Undervalued by
Active Member Straws
#Bull Case
Added 4 months ago

@bear77 I too have heard the same regarding NCM. Regardless if they make an offer or not, GOR is a cash cow and I am happy to accumulate every month. With a 12 year + mine life and low asic, the dividends are going to be delicious.

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#Reports and Presentations
Last edited 4 months ago

30-Jan-2020:  Quarterly Activities Report and Appendix 5B - December 2019

Great report.  Market liked it.  GOR was up +11.15% today (up 15 cents) on the back of it, from a $1.345 close yesterday to a $1.495 close today, being the best performing gold miner today by a country mile.  And I only just raised my PT ("Valuation") for GOR this week (two days ago) to $1.60, and they're already only 10.5 cents away from reaching it (!)  Now if only I owned some GOR shares....

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#Business Model/Strategy
Last edited 4 months ago

29-Jan-2019:  Gold Road Resources (GOR) is an emerging gold producer that may well be (or soon become) a takeover target for a bigger player.

GOR released an announcement today detailing their progress at Gruyere - see here.

Highlights:

  • Successful introduction of material through Primary Crusher to Coarse Ore Stockpile
  • First ore mined as scheduled
  • First gold production remains on target for June 2019 quarter
  • Construction is 91% complete and remains on schedule and on budget

The rumour is that Newcrest (NCM), Australia's largest listed gold producer, is running their ruler over GOR.  It could just be a rumour of course, and rumours - and takeover speculation in general - are no basis for buying shares, but it's worth noting.

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