Buyers holding higher levels and building for the charge to new highs

New Buy Entry Alert GOR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $834.08 Million Market Cap, VWAP 0.945, ASX Ranking 261, 4 Week Av Turnover $1,055,745, Current Turnover (Intraday as at time of alert) $392,003.

Company Overview : Gold Road Resources Limited (GOR) is a gold exploration Company which owns tenements covering over 5,000sqkm of the Yamarna greenstone belt in WA. The Company currently develops project areas, namely, Gruyere and the Golden Highway.

Broker Consensus : BUY

GOR – Gold Road Resources Limited

GOR is primed for a spike to new highs as buyers hold higher levels. We are happy to buy on a push up through 0.97 and will hold a stop loss at 0.905. If price pushes down through 0.905 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : GOR – Gold Road Resources Limited

Company Website : www.goldroad.com.au

Current Price : 0.95

New Potential Buy Entry (Trigger Level) : 0.97

Potential Sell Exit Zone (Stop Loss) : 0.905

Status : On watch for buy entry trigger