GOR has proven to be a high beta play on the gold price while in general, it has underperformed the overall ASX gold sector. While we believe the stock will follow the underlying gold price we don’t see the need to take on the increased volatility that the stock has delivered post-COVID, there’s already plenty on offer with the majors!
- We can see GOR again testing $2 in 2023/4 but it’s unlikely MM will be onboard.
MM is cautiously bullish toward GOR below $1.60
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