GBG - Gindalbie Metals
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Re: GBG
Will this suffer the same fate as MXG? They have had a wonderful run so far but they are focusing on IronOre.
Will the Chinese beat the price of Iron Ore down, as they have with Steel and now Manganese Ore?
http://www.consminerals.com.au/pdfs/Tex Manganese Price Chart 221205.pdf
....and a chart from my point of view....
Will this suffer the same fate as MXG? They have had a wonderful run so far but they are focusing on IronOre.
Will the Chinese beat the price of Iron Ore down, as they have with Steel and now Manganese Ore?
http://www.consminerals.com.au/pdfs/Tex Manganese Price Chart 221205.pdf
....and a chart from my point of view....
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Re: GBG
The demand for iron ore is pretty strong at the moment and the Chinese have a little competition from Japan and India.
GBG is doing a feasability study due out March 2006, at GBG's website they paint a glossy picture[of course]but they seem to be gold miners trying to re-invent themselves as mid sized iron ore producers.
GBG is trading at 0.28 today if things go as the company plans could be worth keeping an eye on.
Resources are going well and with the current bull market it may be a possibility[trying to talk myself into it]. If anyone else has any views it would be helpful.
Hi all,Ann said:
The demand for iron ore is pretty strong at the moment and the Chinese have a little competition from Japan and India.
GBG is doing a feasability study due out March 2006, at GBG's website they paint a glossy picture[of course]but they seem to be gold miners trying to re-invent themselves as mid sized iron ore producers.
GBG is trading at 0.28 today if things go as the company plans could be worth keeping an eye on.
Resources are going well and with the current bull market it may be a possibility[trying to talk myself into it]. If anyone else has any views it would be helpful.
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Re: GBG
Hi Ray,
I have little knowledge about these things but I do a lot of trawling for information out of the normal channels. This was a recent article I found....16/12/05...
Asia iron ore supply talks ongoing
12.16.2005
BEIJING - Talks between suppliers and Asian importers for 2006 iron ore contracts are ongoing, with demand projections emerging as a major difference between the two sides, the Securities Times reported, without citing sources.
The newspaper said talks with Chinese importers started on Nov 30, and after two rounds, the parties are still far apart on fundamentals like projected demand.
According to the newspaper, the three major suppliers - Brazil's Companhia Vale do Rio Doce (CVRD) and Anglo-Australian groups BHP Billiton and Rio Tinto - claim that demand for iron ore next year will remain strong, despite falling steel prices.
However, Chinese buyers, headed by Baosteel, expect demand to fall in 2006, as steel prices in China - the world's largest iron ore importer - continue their decline due to overcapacity.
Nippon Steel is adopting a similar position, ruling out any acceptance of higher iron ore prices next year, the report said.
The report added that this year's talks are expected to be much tougher than last year, when suppliers and buyers both acknowledged that iron ore prices should rise in 2005 due to higher demand.
delia.liu.xinhuafinance
Hi Ray,
I have little knowledge about these things but I do a lot of trawling for information out of the normal channels. This was a recent article I found....16/12/05...
Asia iron ore supply talks ongoing
12.16.2005
BEIJING - Talks between suppliers and Asian importers for 2006 iron ore contracts are ongoing, with demand projections emerging as a major difference between the two sides, the Securities Times reported, without citing sources.
The newspaper said talks with Chinese importers started on Nov 30, and after two rounds, the parties are still far apart on fundamentals like projected demand.
According to the newspaper, the three major suppliers - Brazil's Companhia Vale do Rio Doce (CVRD) and Anglo-Australian groups BHP Billiton and Rio Tinto - claim that demand for iron ore next year will remain strong, despite falling steel prices.
However, Chinese buyers, headed by Baosteel, expect demand to fall in 2006, as steel prices in China - the world's largest iron ore importer - continue their decline due to overcapacity.
Nippon Steel is adopting a similar position, ruling out any acceptance of higher iron ore prices next year, the report said.
The report added that this year's talks are expected to be much tougher than last year, when suppliers and buyers both acknowledged that iron ore prices should rise in 2005 due to higher demand.
delia.liu.xinhuafinance
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Re: GBG
Hi Ann
Thanks for your charts! I,ve been trying to learn charting lately along with one of my boys (a smart young uni student ) he seems to have a good understanding while I am slower to learn.
Interestingly I have had shares in 3 of the stocks you have been charting lately. I still hold sbm chart still looks positve, pem mixed views on this one but I will hold for a while, while based on your chart i am glad to be out of gbg.
All the best for the new year
Tony
Hi Ann
Thanks for your charts! I,ve been trying to learn charting lately along with one of my boys (a smart young uni student ) he seems to have a good understanding while I am slower to learn.
Interestingly I have had shares in 3 of the stocks you have been charting lately. I still hold sbm chart still looks positve, pem mixed views on this one but I will hold for a while, while based on your chart i am glad to be out of gbg.
All the best for the new year
Tony
Re: GBG
Ann your charts and comments have been most helpful thanks for that.
I already hold some GBG will see what happens to them tommorow,drop like a
stone i think. I just cant believe they would give themselves and Sarich Family
so many shares at 9 cents.
The true value may be 9 cents as they have demonstrated and thier feasability will have to be impressive to lift the stock back up after this little stunt.
Ann your charts and comments have been most helpful thanks for that.
I already hold some GBG will see what happens to them tommorow,drop like a
stone i think. I just cant believe they would give themselves and Sarich Family
so many shares at 9 cents.
The true value may be 9 cents as they have demonstrated and thier feasability will have to be impressive to lift the stock back up after this little stunt.
GreatPig
Pigs In Space
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Re: GBG
Despite which today's opening estimate is currently sitting at 30 cents.
Interesting to see if it stays up there.
Cheers,
GP
[I also hold]
Despite which today's opening estimate is currently sitting at 30 cents.
Interesting to see if it stays up there.
Cheers,
GP
[I also hold]
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Re: GBG
Who knows Great Pig,
They may have an amazing story to tell which may keep the stock floating up?
In situations like this, I just love being proven wrong. The alternative is so unattractive.
Who knows Great Pig,
They may have an amazing story to tell which may keep the stock floating up?
In situations like this, I just love being proven wrong. The alternative is so unattractive.
Out Too Soon
My real name is King Julian ;)
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Re: GBG - Gindalbie Gold
HO HUM! Looks like everyone fell asleep on this one, can't blame them. I've held since march, took some nice profits in April & been sitting on the rest since. They have 2 large iron ore projects at Karrara near Geraldton & plan to ship the ore to China. They have an agreement signed with Ansteel one of Chinas largest steel producers. They hope to be producing 10 million tonnes of iron products by 2010. Will start producing in 2008.
Gindalbie & Ansteel also have an agreement with Theiss to construct a plant to process the ore in NE China.
Gindalbie have sold off there gold project interests but have retained iron ore rights overthose tenements, they also have an interest in the MT mulgine Tungsten project.
Now that I've gone over their prospects to write this I think I'll put it back in the bottom draw, might even buy some more for the future.
Am I talking to myself or does someone else hold this stock???
HO HUM! Looks like everyone fell asleep on this one, can't blame them. I've held since march, took some nice profits in April & been sitting on the rest since. They have 2 large iron ore projects at Karrara near Geraldton & plan to ship the ore to China. They have an agreement signed with Ansteel one of Chinas largest steel producers. They hope to be producing 10 million tonnes of iron products by 2010. Will start producing in 2008.
Gindalbie & Ansteel also have an agreement with Theiss to construct a plant to process the ore in NE China.
Gindalbie have sold off there gold project interests but have retained iron ore rights overthose tenements, they also have an interest in the MT mulgine Tungsten project.
Now that I've gone over their prospects to write this I think I'll put it back in the bottom draw, might even buy some more for the future.
Am I talking to myself or does someone else hold this stock???
Out Too Soon
My real name is King Julian ;)
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Re: GBG - Gindalbie Gold
Signs of life in the sp, but not in line with the great ann.
Because this is iron rather than gold or uranium it is going to sneak up on the market & suddenly be producing iron out of the ground ready to sell as steel in China before the sp catches up (10 bagger plus) where-as all gold or uranium need is an office & a few holes in the ground for market to take notice.
Signs of life in the sp, but not in line with the great ann.
Because this is iron rather than gold or uranium it is going to sneak up on the market & suddenly be producing iron out of the ground ready to sell as steel in China before the sp catches up (10 bagger plus) where-as all gold or uranium need is an office & a few holes in the ground for market to take notice.
CanOz
Home runs feel good, but base hits pay bills!
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Re: GBG - Ginalbie Gold
GBG had no probs pushing past previous resistance at 60c with volume. A bit of consolidation at 65c and the last few trading days have seen it build momentum and is now testing all time highs.
Strong close today and decent volumes, due for a bit of sell pressure but buyers are leading the way ATM.
GBG is in a nice uptrend, testing all time highs , anyone else holding/trading this on ASF
GBG had no probs pushing past previous resistance at 60c with volume. A bit of consolidation at 65c and the last few trading days have seen it build momentum and is now testing all time highs.
Strong close today and decent volumes, due for a bit of sell pressure but buyers are leading the way ATM.
GBG is in a nice uptrend, testing all time highs
, anyone else holding/trading this on ASF Re: GBG - Ginalbie Gold
This got a mention in the Business section of The Sunday Age - and a pretty good one too. And it's written by James Kirby, editor of Eureka Report. (Btw, it's the first time I've heard of this stock.)
http://www.gindalbie.com.au/files/broker_reports-0055-GBG_20060728_Hartleys.pdf
Freeballinginawetsuit, I'd be interested in your thoughts, trading ideas on this stock.
This got a mention in the Business section of The Sunday Age - and a pretty good one too. And it's written by James Kirby, editor of Eureka Report. (Btw, it's the first time I've heard of this stock.)
I did a quick Google on GBG and found this research report by Hartleys:
http://www.gindalbie.com.au/files/broker_reports-0055-GBG_20060728_Hartleys.pdf
Freeballinginawetsuit, I'd be interested in your thoughts, trading ideas on this stock.
