GOR 1.76% $1.74 gold road resources limited

1. I think Nord's thoughts are a sober counterpoint to...

  1. 1,958 Posts.
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    1. I think Nord's thoughts are a sober counterpoint to euphoria.

    2. GOR's sp is about valuation v risk. There will always be a debate about valuation, and there will always be risk. Current targets circle ~1.06 (Please correct what may be an outdated target.), Therefore GOR is approaching full value based on the information and analyst "guess" based on assuumptions at the time the target was published.

    3. Specific to GOR is construction risk, which is going well to date -- there will always be issues when ramping up a mill, etc. of this size, providing a buying opportunity. Risk here is to the UPside, meaning whiffs of FOMO will waft around -- into a strong tailwind?

    4. All valuations are based on the POG. Here, for many reasons, eg. US10T, that's Trillion, in NIRP (many more reasons). Again, risk is to the UPside.

    5. Sovereign risk in WA is very low, there, eg. royalty increase, but compared to Anywhere Africa it is very materially lower, A strong reason that Afican producers and explorecos that "have the goods" trade at a discount to safer jurisdictions like Nevada, Quebec, Queensland, etc. As an investor -- less and less a speculator with GOR -- do not want to see news that Mali, Ghana, Cote d'Ivoire, etc. are having a coup, revolution, robbery, etc.

    6. The Fe spike is just that, a spike, by definition not based on fundamentals. Australia's immense trained and talented pool of mining/exploreco people are available for work.

    7. Once further progress reports are in on construction; once further assays come in; then targets will be revised. Risk to the UPside.

    8. The ONE great REGRET every holder here will have is that MORE GOR wasn't bought. Yes, I have a bit of FOMO which seems to be surface a bit more frequently lately.

    GOR is a winner, the traction is recent, the downside risks are relatively low.

    OV


 
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Last
$1.74
Change
0.030(1.76%)
Mkt cap ! $1.787B
Open High Low Value Volume
$1.72 $1.75 $1.71 $5.252M 3.025M

Buyers (Bids)

No. Vol. Price($)
6 131405 $1.73
 

Sellers (Offers)

Price($) Vol. No.
$1.74 18826 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
GOR (ASX) Chart
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