RE: STRONG HITS AT RIVERSGOLD KALGOORLIE ππ31 Jan 2026 17:41
A lot of news has been priced in already, such as the NZ 10%, and gold price at records high. If expectations aren't met then the Oracle SP will likely to plummet.
Those that are in are betting on additional finds, a larger gold deposit, better grades etc.
No body knows for sure but the gold price is likely to retrace at some point, the MRE might reveal a smaller gold deposit than expected, and who can guarantee what sort of grades are on NZ.
The hype was mainly built on rising gold price. Before Naheed had given away 80% of NZ, this could have been humongous, but Oracle is now left with 10%, this is not a GGP equivalent anymore.
Naheed, in my opinion, has made a really bad move. The future could have been very promising with Oracle sitting on a treasure trove, she could have by today's gold value, went and made a much better deal for developing and financing NZ.
Imagine if she approached Mega now without Riversgold involved, it could have potentially been a 50/50 split. She isn't CEO material, who tf would give away 80% of NZ for a measly sum.
And don't get me started on Thar, it has been delayed and delayed, whereas other companies are building and connecting railways, and for those who have researched, you will know that there are mining activities at the massive coal mine, just no Oracle involvement, the question is why? I leave you to think about it.