Gold Road Resources (ASX: GOR)
Advised that it has ceased participation in the current process conducted by Orion Resource Partners in relation to a potential transaction for an interest in Greenstone Gold Mines in Canada.
.
.
Gold Road | ASX : GOR |
Stage | Production (50% JV) |
Metals | Gold |
Market cap | A$1.77 Billion @ A$1.63 |
Location | Laverton, Western Australia |
For the latest Gold Road Share price and chart, please click HERE
Comment
I am pleased to receive this announcement, as I think Australian and Canadian mining companies should stick to their own jurisdictions, rather than trying to run mines on the other side of the world.
There are so many projects in Australia, surely Gold Road can find excellent opportunities there?
I notice the wording “ceased participation in the current process“, which suggests to me that they may return to the table in the future, it doesn’t sound final, they look to be leaving the door open. That wording is there for a reason.
.
Gold Road Ceasing Interest in Greenstone Gold Mines
.
Gold Road Resources Limited (ASX: GOR) (Gold Road or the Company) advises that it has ceased participation in the current process conducted by Orion Resource Partners in relation to a potential transaction for an interest in Greenstone Gold Mines.
.
As previously stated, Gold Road continues to evaluate strategic opportunities as part of
a considered and diligent growth strategy.
The Company will only pursue these opportunities on terms and at values which it believes are in the best interests of its shareholders.
This release was authorised by the Managing Director & CEO, Duncan Gibbs.
.
To read the full news release, please clink HERE
.
The live gold price can be found HERE
,
=======
If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.
Disclosure
At the time of writing the author holds shares in Gold Road Resources
.