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My friend from Macquarie said they have been calling up GBG everyday to ask when the report is coming out. Current answer is either sometime this week or next week.
GBG - Gindalbie Metals
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This one need the report to give it a boost. People are just in a panacking mode at the moment. Should have sold it when it reach $1.80. Dam it hurts
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Im adding my collection of units now. Remember to set a stop loss. BUt tomorrow should be up(IMO).
I think people were just panicking and thinking if it goes less than 1.10 they are gonna sell, cos the Aussie market had a HUGE diarrhoea today.
This is a good company with huge prospects, but the Aussie market is being dragged by USA. It's Buffett's style buying time, i guess.
I think people were just panicking and thinking if it goes less than 1.10 they are gonna sell, cos the Aussie market had a HUGE diarrhoea today.
This is a good company with huge prospects, but the Aussie market is being dragged by USA. It's Buffett's style buying time, i guess.
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This one need the report to give it a boost. People are just in a panacking mode at the moment. Should have sold it when it reach $1.80. Dam it hurts
we want a good ann when the market is back to normal, wouldnt do any good in this environment IMO.
although PDN released a good ann this morning and was up for a little while.... who knows hey
come back within the bottom band.
bigdog
Retired many years ago
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Gindalbie GBG, Iron ore jnr in WA.
BFS to be released in 11 trading days will take this company from explorer to producer.
With China's Ansteel financial backing and taking 100% of Gindalbies world class iron ore deposit, Lodestone area report in Sept this company has the potential to be the next FMG, sadly world markets and mom and dad holders fears are playing down on this great company.
What is BFS?
BFS to be released in 11 trading days will take this company from explorer to producer.
With China's Ansteel financial backing and taking 100% of Gindalbies world class iron ore deposit, Lodestone area report in Sept this company has the potential to be the next FMG, sadly world markets and mom and dad holders fears are playing down on this great company.
What is BFS?
Bankable Feasibility Study. A business plan to be presented for finance if you like.
Where was that announced Bigdog?
cheers
Surly
i feel for you ezza, and the answer is yes...imho - get back in. i think gbg will eventually get there - it will just take a little longer. i don't expect gbg to fly back to the 1.20 SP mark...but it will get there eventually. as someone who is a long term holder - i just had no option but to watch it get hammered over 2 days...not prepared to sell at a loss (bought in at 1.37) when i still believe its worth 1.90.
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Don't think anyone could give you sound advice on that. So many stocks look like screaming buys, when will the selling stop? If you can answer that, you'd be a very rich man.... or woman.Guys need some help. just sold off gbg at 82 c,
to see it bounce back to 97c.
you guys reckon, current price is ok to go back in.
panic sold today, i'm so angry with myself.
I sit on the fence on everything apart from GBG (apart from daytrading this volitility, in which I have done well to offset some of this unrealised loss). Had confidence in my actions with GBG till this week
still hold IF you want to hear something really bad , I just happened to hit upon GBG on ASF a couple of weeks ago when I was looking at my margin loan stocks and thought,hey I might sell my BHP which were sitting at a nice profit and buy into GBG which were then $1.72, only to see them jump off the cliff
Had a margin call tonight, although with the late bounce I'm back into buffer - hopefully will resume tomorrow with continued recovery
, I just happened to hit upon GBG on ASF a couple of weeks ago when I was looking at my margin loan stocks and thought,hey I might sell my BHP which were sitting at a nice profit and buy into GBG which were then $1.72, only to see them jump off the cliff Had a margin call tonight, although with the late bounce I'm back into buffer - hopefully will resume tomorrow with continued recovery
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Today.
Billionaire investor Warren Buffett, the so-called Sage of Omaha, has signalled he is waiting in the wings to see what buying opportunities emerge from the stock market turmoil.
"Generally speaking, when there's a certain amount of chaos in certain sections, it is unpredictable where the fallout will be, but the fallout offers some real opportunity," the Chairman of Berkshire Hathaway said in an interview with CNBC. "When dislocations occur, things get more mispriced." Earlier this year, he complained it was getting harder to find companies to acquire at suitable valuations.
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Can someone write to Buffett to tell him about GBG? He would be very happy I suppose.
Billionaire investor Warren Buffett, the so-called Sage of Omaha, has signalled he is waiting in the wings to see what buying opportunities emerge from the stock market turmoil.
"Generally speaking, when there's a certain amount of chaos in certain sections, it is unpredictable where the fallout will be, but the fallout offers some real opportunity," the Chairman of Berkshire Hathaway said in an interview with CNBC. "When dislocations occur, things get more mispriced." Earlier this year, he complained it was getting harder to find companies to acquire at suitable valuations.
___________________________________________________________
Can someone write to Buffett to tell him about GBG? He would be very happy I suppose.
got back into GBG at 1.00 hope i made the correct decision.
anyway, i hope the last drop to 80 is the bottom. i'm assuming the drop is a result of margin calls and stop losses executed, along with negative sentiment.
will be volatility on this one, just wanted to get back in before feasability is out.
where do you guys reckon a stop loss should be set? i think just under 80 should be ok. any thoughts. just want to be more cautious this time around.
cheers
Ezza.
anyway, i hope the last drop to 80 is the bottom. i'm assuming the drop is a result of margin calls and stop losses executed, along with negative sentiment.
will be volatility on this one, just wanted to get back in before feasability is out.
where do you guys reckon a stop loss should be set? i think just under 80 should be ok. any thoughts. just want to be more cautious this time around.
cheers
Ezza.
Re. EZZA:
GBG at $1 is a great buy.
Selling at 80c and buying back won't be much of a loss if you're in long term.
If I had any spare funds I would've loved to top up at that price.
Been in touch with this stock for 2 years. Like most iron ores, the potential is huge but I especially like GBG.
'Hold for 5 years' plan on this one.
Mungada up and running next year, Karara producing in 2010 (not to mention a 40 year mine life), Lodestone looking promising for more ore and a positive release today by MIS with the successful raising of the the equity to set up rail and port infrastructure to the WA mid west region.
GBG being backed by Ansteel helps ease the worry of it being too speculative.
Long term, GBG will ride out market ups and downs (which may be around for a bit longer).
Of course all of this, just my opinion.
D.Y.O.R.
GBG at $1 is a great buy.
Selling at 80c and buying back won't be much of a loss if you're in long term.
If I had any spare funds I would've loved to top up at that price.
Been in touch with this stock for 2 years. Like most iron ores, the potential is huge but I especially like GBG.
'Hold for 5 years' plan on this one.
Mungada up and running next year, Karara producing in 2010 (not to mention a 40 year mine life), Lodestone looking promising for more ore and a positive release today by MIS with the successful raising of the the equity to set up rail and port infrastructure to the WA mid west region.
GBG being backed by Ansteel helps ease the worry of it being too speculative.
Long term, GBG will ride out market ups and downs (which may be around for a bit longer).
Of course all of this, just my opinion.
D.Y.O.R.
Well put Alphabet man, GBG will shine for a long time to come, today’s announcement from MIS only
Strengthened GBG position and tackled key issues in its BFS in regards to transportation from ground to
Port. Got a gut feeling we may see the BFS released this week, heres hoping.
Regards
FRank
Strengthened GBG position and tackled key issues in its BFS in regards to transportation from ground to
Port. Got a gut feeling we may see the BFS released this week, heres hoping.
Regards
FRank
YNKWRTNC,
thanks for your input dude. i like getting advice just like seeing things from others point of view.
don't think volatility is over yet though, will be pretty choppy for a while.
hopefully the report comes out soon.
yeah, ansteel 2nd largest steel producer having a stake should be reassuring.
they were part of the reason i got into these guys in the first place.
where do you see gbg in 5 yrs?
thanks for your input dude. i like getting advice just like seeing things from others point of view.
don't think volatility is over yet though, will be pretty choppy for a while.
hopefully the report comes out soon.
yeah, ansteel 2nd largest steel producer having a stake should be reassuring.
they were part of the reason i got into these guys in the first place.
where do you see gbg in 5 yrs?
5 years time:
Glass half empty says $6 (still great return), glass half full says $40 (life changing on a decent investment)
Gotta have a crack on this one (or choose an iron ore you know well), the potential is huge and there's still time to catch the boat early.
Looking in the crystal ball:
"Y'know that iron ore boom from 2006 to 2011, Alphabet Man (YNKWRTNC) got on early and made a killiing!" LOL
Good luck with it Ezza
Glass half empty says $6 (still great return), glass half full says $40 (life changing on a decent investment)
Gotta have a crack on this one (or choose an iron ore you know well), the potential is huge and there's still time to catch the boat early.
Looking in the crystal ball:
"Y'know that iron ore boom from 2006 to 2011, Alphabet Man (YNKWRTNC) got on early and made a killiing!" LOL
Good luck with it Ezza
It may be tough for a while, but in a good market it can go up just as fast as it has come down. June to July, it went up 70 to 80c. Patience is the key in the share market - as long as you're confident you know the company you're backing.
Long term Ezza, 3 to 5 years.
Hey, and if something bazaar happens in the mean time, like it did to FMG, and it goes to $40 in 2 years, we can handle that.
Long term Ezza, 3 to 5 years.
Hey, and if something bazaar happens in the mean time, like it did to FMG, and it goes to $40 in 2 years, we can handle that.
springhill
Make the drill work for YOU
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$40!!!
WOW thats quite an exuberant thought. Im in so i wouldnt complain but if it happens to be at that level i will buy everyone in this forum some solid gold underpants!!
