GOR - Gold Road Resources

[divs4ever]

announced very late this evening

 

[Sean K]

Management pushing for a higher price.

It seems these two companies do not get on.

 

[finicky]

@Sean K

these two companies do not get on.

Seems so - "opportunistic".
I hope the negotiations fall through, even at cost of a lower share price, and I think now GOR has a lot going for it in the context of a higher gold price (eventually).
Their exploration tenements also are starting to look fruitful - Golden Highway, Yamana, Gilmore.

"Gold Road notes that the receipt of the offer coincided with a lower March 2025 quarter production due to maintenance on the primary crusher and the failure of two conveyor belts,” Gold Road said.

“The offer attributes no value at all to the potential underground expansion of the Gruyere mine. As such, the Gold Road board formed the view that it is not in the best interest of its shareholders to accept the offer and rejected the offer on March 14.”

 

[peter2]

rejected the offer on March 14.

Without letting the shareholders know (are they really part owners of the business?) .

 

[divs4ever]

not officially so , but they might be stooges of the big instos