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Some 25 Sept comments from Greg Canavan about the gold positioning in his p/f and referencing GOR. In an earlier piece back in January he valued GOR at $1.60 but the valuation would be higher now for the unhedged 50% of Gruyere, the De Grey holding and reserves/resources, considering the surge in the $A gold price. From posters elsewhere there seems to be a dissatisfaction with GOR management with opinions that they have too easy a gig for what they're paid since the interest in Gruyere has no operational responsibilities. Some think that free cashflow is being blown on ineffective exploration instead of being returned to shareholders. Uncritically, I had the view that the 'Golden Highway' and 'Yamarna' prospects and resources were showing enough result for the exploration budget but it's not like I scrutinised the costs vs rewards. Luckily I only took a starter pack of shares with my first buy where I assumed a break of $2 was imminent.

Held
Holding

Greg Canavan (fat tail investment advisory)

<blockquote data-quote="finicky" data-source="post: 1298659" data-attributes="member: 2104">Some 25 Sept comments from Greg Canavan about the gold positioning in his p/f and referencing GOR. In an earlier piece back in January he valued GOR at $1.60 but the valuation would be higher now for the unhedged 50% of Gruyere, the De Grey holding and reserves/resources, considering the surge in the $A gold price. From posters elsewhere there seems to be a dissatisfaction with GOR management with opinions that they have too easy a gig for what they&#039;re paid since the interest in Gruyere has no operational responsibilities. Some think that free cashflow is being blown on ineffective exploration instead of being returned to shareholders. Uncritically, I had the view that the &#039;Golden Highway&#039; and &#039;Yamarna&#039; prospects and resources were showing enough result for the exploration budget but it&#039;s not like I scrutinised the costs vs rewards. Luckily I only took a starter pack of shares with my first buy where I assumed a break of $2 was imminent.HeldHoldingGreg Canavan (fat tail investment advisory)</blockquote>

[QUOTE="finicky, post: 1298659, member: 2104"] Some 25 Sept comments from Greg Canavan about the gold positioning in his p/f and referencing GOR. In an earlier piece back in January he valued GOR at $1.60 but the valuation would be higher now for the unhedged 50% of Gruyere, the De Grey holding and reserves/resources, considering the surge in the $A gold price. From posters elsewhere there seems to be a dissatisfaction with GOR management with opinions that they have too easy a gig for what they're paid since the interest in Gruyere has no operational responsibilities. Some think that free cashflow is being blown on ineffective exploration instead of being returned to shareholders. Uncritically, I had the view that the 'Golden Highway' and 'Yamarna' prospects and resources were showing enough result for the exploration budget but it's not like I scrutinised the costs vs rewards. Luckily I only took a starter pack of shares with my first buy where I assumed a break of $2 was imminent. Held Holding Greg Canavan (fat tail investment advisory) [/QUOTE]

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