GBG - Gindalbie Metals

[Out Too Soon]

Re: GBG - Ginalbie Gold

I held shares in GinDalbie Metals for a long while last year & intend to again as soon as I think the sp has settled. This is a great group of projects that linked together are going to be huge. The patience to just stick this one in the bottom draw for a couple of years is the hard part .
Gindalbie changed their name from gold to metals when they sold off the last of their gold interests to concentrate onthe Iron ore (serious) side of the business. Go to their website and subscribe to their emailing list.

 

[speves]

Re: GBG - Ginalbie Gold

I have read on many occasions the importance of trend confirmation when buying and selling and applied the rules to GBG with some success as it one of the few stocks currently that appears to have little volatility. I would consider this uptrend to now be confirmed and look to buy back in tomoro. Love this stock, so easy to read and trade and pretty safe with solid resouces and JVs going on.

 

[Freeballinginawetsuit]

Re: GBG - Ginalbie Gold

Speeves,

Have been watching for another trade in GBG since last exit. Odds are in favor of a retest of downside resistance or some short lived sideways movement. ATM will probably keep my funds elsewhere.

By the way a moderator should dump the gold title off this thread, thats surely not relevant

 

[speves]

Re: GBG - Ginalbie Gold

well I am happy to watch for a bit longer to see if your right but given this weeks current and continuing rise in base metals I am very tempted to get in right now. Can't see too many resource stocks dropping today.

 

[speves]

Re: GBG - Ginalbie Gold

Good call Freeballer......watching and waiting for some support around the 60c mark before buying back in would be the call at this point?

 

[spottygoose]

Re: GBG - Ginalbie Gold

Hope everybody picked up some bargains - here is some positive news after the correction.

Substantial Holder Notice:

Looks like some interest from a major US based investment house: Ospraie Management LLC

"Ospraie is New York based and comprised of funds that invest in commodities and basic industries on a global basis and collectively have in excess of US$5 billion in assets under management."

Thanks to Narla for the summary.

 

[Freeballinginawetsuit]

Re: GBG - Ginalbie Gold

Good call Freeballer......watching and waiting for some support around the 60c mark before buying back in would be the call at this point?

Still watching as well Speeves, probably take an entry on its push past resistance at 55c.....if that happens.

As per the previous poster, Insto holding!.........quite common of late/seems like the Insto's were prepared this time around to punt on the bottom.

Imagine if they weren't their to provide some support.

 

[speves]

Re: GBG - Ginalbie Gold

I couldn't resist the temptation to buy some more yesterday. I have been chomping at the bit to get back into GBG......can't see this producer dropping much further from here.

Been wrong before though

 

[spottygoose]

Re: GBG - Ginalbie Gold

Seems to be picking up steam this morning. I picked up as many as I could in the high 40's and low 50's to average down an earlier purchase (prior to the market correction and BFS delay).

A couple of months ago Southern Cross Equities put a 12 month buy target of $1 on GBG. The SP was sitting at 80c in January prior to the delay and the correction.

IMO there was an over-reaction to the BFS delay and I saw some real positives in that announcement. Also, remember the hematite deposits at Karara have been estimated at 14.1mt at an average grade of 60.6%fe.

Maybe we are getting an update on the progress of the BFS.. or are people just realising this has qutie a bit of upside potential.

 

[dj_420]

Re: GBG - Ginalbie Gold

GBG are looking good, they have come of lows and are now trading around 60 cents. a number of brokers have buy recomendations on GBG up to $1 more than 50% premium on current sp.

GBG will be producing hematite this year and will begin cash flow to get magnatite operations up and running.

GBG are in great position to take advantage of current increase in interest in iron ore juniors.

 

[dj_420]

Re: GBG - Ginalbie Gold

GBG chart looks good, recent breakout from triangle formation where sp gapped up and has now brought sp back up to the current levels.

i would like to see GBG break 60 cents and hold that area build some new support and be a confirmation of reversal of medium term downtrend.

where triangle was trading range was tightening, indicative of consolidation and trend reversal following sideways trading.

this is only short term chart, will post up my thoughts on medium and long term. MACD crossed during sideways trend and is still looking good. not sure where i would place sp support at the moment but going by market depth we have support at 56 cents and higher including a large buy order on 58.5 cents.

sp still has a huge way to go from highs however strength in iron ore juniors shows that this one has a long way to go from broker valuations and the fact they should be mining their hematite this year (which places them well ahead of the pack in this regard).

 

[dj_420]

Re: GBG - Ginalbie Gold

the medium term analysis looks even better IMO for GBG. we have had a medium downterm trend lasting a few months. IMO we have seen the trend reversal indicated by the circles.

these areas are where sp consolidation has occurred for the space of almost a month then breakout back up to current sp. IMO the 60 cents mark is the point to break as historically we have seen both support and resistance occur at this mark.

with production due to start this year and BFS due on hematite deposit i think GBG has reversed its downtrend. todays action saw the sp close unchanged, which i think indicates we will have period of further consolidation before attacking the 60 cents barrier.

 

[dj_420]

Re: GBG - Ginalbie Gold

GBG looking better now on market depth. increasing bids and looking to get to 60 cents mark resistance again. some consolidation has occured around these levels.

Broker reports valuing this at $1 now with further increases close to production. looking to produce this year hematite and get cash flow for magnatite (1.3 billion tonnes with much higher upgrade expected)

JV already signed and sealed with wuhan steel. dont know why this one is still trading just above lows for year. upgrade expected on hematite and magnatite when they start production.

IMO this one is looking good for a producer over the next couple of years. JV is also great as 50:50 capital expenditure.


Many people on this one?

 

[Rough&Ready]

Re: GBG - Ginalbie Gold

Hi DJ 420
I am in this,Hartleys had a value last year for it to go to $1.00 plus I am holding 20,000 and have been along for the ride. I hope this is the year it really does rocket. I am seeing a lot of simalarities between this and Murchision Metals at about the 12 month mark out from actually getting Iron Ore in the hold of the ship. I GBG does half as well as MM I will be very happy (I hold them also) and will keep hanging on with GBG till the end of the year at least. I am not a technical trader more of a slow research plodder But I agree with you I think it it's a sleeeper and under valued. R&R

 

[spottygoose]

Re: GBG - Ginalbie Gold

Any ideas on the current price weakness? And what is with these ceasing to be a substantial holder notices of late? I would think this would be great value now but am wondering what the problem is. Is there more to the BFS delay than meets the eye? Any thoughts?

Cheers

 

[Rough&Ready]

Re: GBG - Ginalbie Gold

Hi Spottygoose,
I don't know why it has dipped so badly this last few days ,people not wanting to be substantial shareholders is a little disconserting. But I am going to buy more on Monday as I believe they have good resources and a good management team.The delay in getting the final feasability study put back to August has also hurt a bit. The way Iron ore is forcast to go over the next few years with China and also India now wanting large amounts I still think it will be worth hanging onto for a while yet. One good announcement of another JV or a new MOA will see it fly.It is still supposed to be exporting Iron ore late this year and April is the traditional negotiating period for Iron ore pricing anything could happen.I am buying more and staying in R&R

 

[Out Too Soon]

Re: GBG - Ginalbie Gold

Any ideas on the current price weakness? And what is with these ceasing to be a substantial holder notices of late? I would think this would be great value now but am wondering what the problem is. Is there more to the BFS delay than meets the eye? Any thoughts?

Cheers

The releases on ASX look like copies of scans of faxes ( i.e almost unreadable) but I think it looks like those substantial holdings are from January- ie ancient history~ maybe someone at the office thought "Uh Oh better slip these in we missed". Maybe that's why they were even more illegible than ever.
Whatever the case may be, GBG is good value at present & anyone that gets out now will probably be kicking themselves in the not so distant future.

 

[Out Too Soon]

Re: GBG - Ginalbie Gold

GBG gets better & better, terrific ann today to ASX, more Hematite, & production time gets closer & closer. Share price is reacting accordingly too.

 

[Sean K]

Re: GBG - Ginalbie Gold

GBG gets better & better,

It's down 36% over both 4 month and 12 month timeframes? Better and better Must be better in a way I, or the market, can't see.

Why's it off so much OTS?

 

[mildew79]

Re: GBG - Ginalbie Gold

potential profit target if interested (in green). 0.65 agressive, previous high 0.60 - 0.625 conservative. medium risk