A) I can tell that you have an interest in buying GDO eventually. That is obvious.
B) Yes you are correct in saying that there might be a retrace before it takes off. Who knows?
c) Do you think that a P/E of 6-7 is out of the question for a Gold mining company that has the largest reserves besides NCM?? A P/E of 6-7 would still be a bargain yet it places GDO 100% higher than its current share price.
Yes the Chinese see value in it. We all see value in it don't we? The Chinese are not in the company to see its share price decline by too much.
I believe that the share price will rise to be more in line with its fundamentals.
Would you like to buy a Ferrari for the price of a holden?
Well GDO is the stock to own.
All IMHO.
GDO Price at posting:
54.0¢ Sentiment: LT Buy Disclosure: Held
