ASX GOR

Discussion in 'Stocks & Derivatives' started by Dusty, Aug 30, 2012.

  1. Dusty

    Dusty Active Member Silver Stacker

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    Is anyone in these guys?
     
  2. finicky

    finicky Well-Known Member Silver Stacker

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  3. SilverSanchez

    SilverSanchez Active Member

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    Ive owned shares in them since 2010
     
  4. finicky

    finicky Well-Known Member Silver Stacker

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    the kiss of death
     
  5. SilverSanchez

    SilverSanchez Active Member

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    Did scafold say yes? I better get out then ;)
     
  6. doomsday surprise

    doomsday surprise Active Member Silver Stacker

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    I've got some.
     
  7. SilverSanchez

    SilverSanchez Active Member

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    Im out of GoldRoad

    Transferred my loss over to Crusader Resources today.
    Mathematics were better
     
  8. thatguy

    thatguy Active Member

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  9. SilverSanchez

    SilverSanchez Active Member

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    Ignore it (IMHO) unless you are a good trader.

    Shares on issue are big, retail ownership is big, history of raising money via placements
    IMO risk/reward ratio is better elsewhere

    A lazy $500 might be well placed in some smaller companies at the right time, but dont waste it on movement
    Concentrate on resource size/land size, cash on hand, burn time and managment

    If they cant survive for a few more years (2) without raising money - I say dont bother
    If they can and are trading at cash or near cash value (with a decent resource grade) the odds are in your favor

    This market is too undervalued to prop up undiserving companies who are sucking up investment dollars away from the quality companies.

    GOR should have had a different business model, their land is too big for such a small company, they should have farmed the projects out and retained royalties and percentages. Managment (IMO) are not wise.
     
  10. radiobirdman

    radiobirdman Active Member Silver Stacker

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  11. dollars

    dollars Member Silver Stacker

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    nice move over the last few days

    its on my watchlist but I dont hold :)
     
  12. radiobirdman

    radiobirdman Active Member Silver Stacker

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    Jumped in a couple of weeks ago under 5c. must thank dusty been watching them for a year.
     
  13. Guest

    Guest Guest

    Up to ten cents today. If it goes to ten bucks I'll be mildly wealthy :eek:
     
  14. SilverSanchez

    SilverSanchez Active Member

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    I use to own em from 2010 - 2012, I had a lot of issues with how the managment were running the company.
    They have so much land - and want to explore it all themselves. I really believe the best way to use the company was to farm out descoveries and turn themselves into a royalty company. As it is they have had to inflate their shares to handle such a large land holding.

    Really annoyed me, trying to generate hype through media releases. I had another look recently and they seem to have some good drill results, but once bitten twice shy.
     
  15. Guest

    Guest Guest

    Always appreciate your input SS
     
  16. Silverthorn

    Silverthorn Well-Known Member

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    they do have a joint venture going with Sumitomo for up to 8 million in exploration on one of their prospects. I keep an eye on them for future reference.
     
  17. SilverSanchez

    SilverSanchez Active Member

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    Between GoldRoad and BRB (i think they are called Breakaway Resources) you can own a stake in the ENTIRE area... Breakaway consolidated the tenaments to the west or Gold Road.
    Beadell has land around there (south) and obviously AngloGoldAshanti/IGO JV in the south.
     
  18. Silverthorn

    Silverthorn Well-Known Member

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    trying to break out

    [​IMG]
     
  19. Silverthorn

    Silverthorn Well-Known Member

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    kept going

    [​IMG]
     
  20. Silverthorn

    Silverthorn Well-Known Member

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    consolidating its gains. pick up a few a little while back as another punt.

    [​IMG]
     

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