GBG - Gindalbie Metals
- Thread starter tony2252
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GBG ran quite hard on anticipation of a good BFS, as usual buy on rumour sell on fact, the stock gapped up and ran ahead of itself and topped out at 1.98, profit takers mixed with fearful investors pushed it back down today to 1.55
this happened to be the price where GBG gapped up from, so on the chart the gap is now filled and there was strong buying all day from open onwards.
IMO we will now should see some consolidation around these levels.
For those following stocks for years on end, they may have a few different theories and one or all of them could be correct or incorrect.
Educated guesses would include:
The U.S was well down last Friday night causing the big drop this morning.
A leak or large investors (or both) getting in mid trade today caused the share price to rise again.
GBG is close to its highest SP, some investors may be happy to take their profit and bank on a retracement, hence SP dipping so much at open.
And the age old theory, which in my opinion is not often the case, day traders are selling and buying to adjust SP levels.
Having said all that, my guess as to why the SP climbed so much after the bad open, is a 'leak' about upcoming good news.
But a guess is all it is.
Remember:
There are 2 types of analysts - One that doesn't know what will happen in the future and the other that doesn't know that he doesn't know what will happen in the future.
Good luck to all with GBG. It is one worth sticking with long term. Has bought much joy in the last 2 years coming from a 10 cent share.
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G'day All,
I am a GBG holder and was encouraged by the strong trading today on a day where the All Ords was down 1.4% and where most large mining stocks were also down significantly.
Its been a little challenging keeping up with the GBG announcements and the content of all so please excuse me if i have this wrong. However, IMHO maybe we could see an announcement this week relating to discussions with a third party that GBG indicated may be announced toward the end of this week (contained in 'Response to ASX Query' last Monday 3rd Sept). We certainly seem to see strong runs in GBG SP before positive announcements are made - hopefully this one will see more good news!
What are others thoughts on this?
I am a GBG holder and was encouraged by the strong trading today on a day where the All Ords was down 1.4% and where most large mining stocks were also down significantly.
Its been a little challenging keeping up with the GBG announcements and the content of all so please excuse me if i have this wrong. However, IMHO maybe we could see an announcement this week relating to discussions with a third party that GBG indicated may be announced toward the end of this week (contained in 'Response to ASX Query' last Monday 3rd Sept). We certainly seem to see strong runs in GBG SP before positive announcements are made - hopefully this one will see more good news!
What are others thoughts on this?
Personally, I hope & trust that the upcoming announcement is not just confirmation of the infrastructure/port facilities being finalised as I believe that to be old news that would already be factored into the sp.
Having said that, I cannot imagine what other good news might be on the horizon. I guess we should be happy that the sp has increased 3.5 times in its fairly recent trading history.
I will continue to top up on any weakness in the expectation that the sp has a long way to move in an upwards direction given time.
Having said that, I cannot imagine what other good news might be on the horizon. I guess we should be happy that the sp has increased 3.5 times in its fairly recent trading history.
I will continue to top up on any weakness in the expectation that the sp has a long way to move in an upwards direction given time.
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Hi sexy people!
u want good news?
GBG target price $5.6
refer article below
__________________________________________________
DJ MARKET TALK: Melewar May Buck Trend, Rise; TA Tips MYR2.70 Tgt
0101 GMT [Dow Jones] Melewar Industrial Group (3778.KU) may buck broad market trend and
extend gains, possibly test July 16 peak of MYR1.82; 14.6%-owned Australian mining
concern Gindalbie (GBG.AU) completed placement of 65 million shares, or 12.78%, with
China's largest iron ore and steel producer Anshan Steel for A$39 million, raising
funds to further develop its Karara and Mungada mining projects. TA Securities analyst
Kamarulzaman Hassan says based on Bankable Feasibility Studies announced to ASX, the
Hematite net present value, or NPV, is estimated at A$79.6 million, while Magnetite
operation NPV is A$2.25 billion. "This would translate into an NPV of A$5.63 per
Gindalbie share as compared to current price of A$1.82," he adds. Even at
A$1.82/share, Melewar's investment in Gindalbie alone is worth more than its entire
market cap in Malaysia. Keeps Buy rating on Melewar with MYR2.70 target price. Shares
ended +9.8% at MYR1.68 yesterday. (VGB)
Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
September 05, 2007 21:01 ET (01:01 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
Thursday 06 September 2007 11:01:41:330 AEST
u want good news?
GBG target price $5.6
refer article below
__________________________________________________
DJ MARKET TALK: Melewar May Buck Trend, Rise; TA Tips MYR2.70 Tgt
0101 GMT [Dow Jones] Melewar Industrial Group (3778.KU) may buck broad market trend and
extend gains, possibly test July 16 peak of MYR1.82; 14.6%-owned Australian mining
concern Gindalbie (GBG.AU) completed placement of 65 million shares, or 12.78%, with
China's largest iron ore and steel producer Anshan Steel for A$39 million, raising
funds to further develop its Karara and Mungada mining projects. TA Securities analyst
Kamarulzaman Hassan says based on Bankable Feasibility Studies announced to ASX, the
Hematite net present value, or NPV, is estimated at A$79.6 million, while Magnetite
operation NPV is A$2.25 billion. "This would translate into an NPV of A$5.63 per
Gindalbie share as compared to current price of A$1.82," he adds. Even at
A$1.82/share, Melewar's investment in Gindalbie alone is worth more than its entire
market cap in Malaysia. Keeps Buy rating on Melewar with MYR2.70 target price. Shares
ended +9.8% at MYR1.68 yesterday. (VGB)
Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
September 05, 2007 21:01 ET (01:01 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
Thursday 06 September 2007 11:01:41:330 AEST
Hi sexy people!
u want good news?
GBG target price $5.6
refer article below
__________________________________________________
DJ MARKET TALK: Melewar May Buck Trend, Rise; TA Tips MYR2.70 Tgt
0101 GMT [Dow Jones] Melewar Industrial Group (3778.KU) may buck broad market trend and
extend gains, possibly test July 16 peak of MYR1.82; 14.6%-owned Australian mining
concern Gindalbie (GBG.AU) completed placement of 65 million shares, or 12.78%, with
China's largest iron ore and steel producer Anshan Steel for A$39 million, raising
funds to further develop its Karara and Mungada mining projects. TA Securities analyst
Kamarulzaman Hassan says based on Bankable Feasibility Studies announced to ASX, the
Hematite net present value, or NPV, is estimated at A$79.6 million, while Magnetite
operation NPV is A$2.25 billion. "This would translate into an NPV of A$5.63 per
Gindalbie share as compared to current price of A$1.82," he adds. Even at
A$1.82/share, Melewar's investment in Gindalbie alone is worth more than its entire
market cap in Malaysia. Keeps Buy rating on Melewar with MYR2.70 target price. Shares
ended +9.8% at MYR1.68 yesterday. (VGB)
Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
September 05, 2007 21:01 ET (01:01 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
Thursday 06 September 2007 11:01:41:330 AEST
Dont know about $5.60 at the moment. I have no doubt it will reach this in another year. A really quite day for GBG today. Anyone know if there is an announcement coming up.
I think the lodestone results are due at some point before the end of the year, not sure when though. Does anyone have an answer or idea as to when they may be due?
thanks
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GBG is due for inclusion into the S & P 300 index from 21st sept so if the markets stay relatively stable & positive, index buying by the fundies / instos will hopefully give it a bit of a "giddyup"!!!!
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IMHO I agree that GBG will go to $5.60 .... i am fairly confident of that ... the interesting thing will be the timeline. It may be only market sentiment and nervousness at the moment that is preventing another big run. I think we have seen a couple of false starts to SP runs lately only to be called back to around the $1.70 mark. Its only a matter of time though.
In my opinion GBG seems to be undervalued at $1.70, however, i don't have any calculations to back it up. Does anyone have a formula at present to put a SP value on GBG right now?
In my opinion GBG seems to be undervalued at $1.70, however, i don't have any calculations to back it up. Does anyone have a formula at present to put a SP value on GBG right now?
Every1 is looking a bit greedy on this thread. You should be verry happy with the gains consolidated in 2007 and we need to now allow time for infrastructure before expecting too much more.
Had we not had August correction, I am sure that the sp would be approaching $2.50 by now.
Patience IS still a virtue
Had we not had August correction, I am sure that the sp would be approaching $2.50 by now.
Patience IS still a virtue
It ok for the people that bought it when it went down to 90 cent. But for people like me who got it at $1.50 which is not to bad. I still think this is a very good company. Once we get rid of all those short term seller then it should be ok.
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It ok for the people that bought it when it went down to 90 cent. But for people like me who got it at $1.50 which is not to bad. I still think this is a very good company. Once we get rid of all those short term seller then it should be ok.
GREEDY??? I expect that everyone who is buying shares and bothering to read information on share forums is looking for the maximum amount of money they can possibly make ... Thus the reason for doing so.. If GBG goes to $5 I will still want more!!
springhill
Make the drill work for YOU
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Hi guys was just looking at GBG on stocknessmonster, could someone please expain what the yellow highlight bits mean, namely the BUY 12.2T and SELL 58T what does the T stand for? Cheers
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Hi Springhill, I'm no expert but I regularly use stockness monster as well and I think I'm correct in saying that 'T' stands for thousand and 'M' stands for million.
I think that I remember reading somewhere that the chairman for GBG is also chairman for SDL. Does this create potential that the companies might be talking about a merger given the asset classes are very similar?
Were we not supposed to hear by now about the outcome of talks GBG was having with a third party?
Were we not supposed to hear by now about the outcome of talks GBG was having with a third party?
