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GBG - Gindalbie Metals

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They probably do not have to merge with anyone so long as they keep finding the stuff in the ground as per this morning's beautiful announcement
 
The ASX ANN details were:

SP just up today!!!
GBG $1.37 +$0.015 +1.11% high of $1.425 low of $1.37 1,945,699 shares $2,720,668 @ 29-Nov 11:47:30

29/11/2007 High Grade Hematite Discovery on Warriedar JV
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00789038

HIGH GRADE HEMATITE DISCOVERY AT SHINE PROSPECT ON WARRIEDAR JOINT VENTURE

KEY POINTS

• Phase 1 RC drilling program completed over Shine, Gap and Lister Prospects on Warriedar Joint Venture ground with Royal Resources Ltd

• Drill Results from the Shine Prospect include:
-- Hole SNC 002 60 metres @ 62.6% Fe from 59 metres
-- Hole SNC 005 27 metres @ 63.1% Fe from 55 metres
-- Hole SNC 008 22 metres @ 63.9% Fe from 44 metres

• Assay results are pending from Gap and Lister Prospects

• Results confirm the Company’s view that the hematite outcrops mark underlying DSO grade iron ore at depth

• Phase 2 drilling program planned and approved pending return of all assay results
 
good announcements but very bad sp response. what's wrong with the market????? I just do not get it. The market sentiment is against GBG.........
 
Yes it was a strange reaction to a GOOD announcement. SP was initially up but then sold down during the course of the day to finish down 5%.

The news was good with very encouraging drilling results from the Shine prospect on the Warriedar JV (60% GBG). Also, the surface outcrop of the hematite enrichment extends a further 200m north into a tenement held 100% by GBG.

Drilling is also completed and assay results pending from the Gap and Lister Prospects also located on the Warriedar JV.

I can't help but think that GBG is a good buy at present below $1.30. I am considering topping up my holding as i can't see any reason that GBG will remain at this level for too long. What do other holders and watchers think?? DYOR
 
My own view is that the June/July 08 date for Financing is the next critical date. If GBG pulls it off then its all good and the market should regain the lost confidence it currently has. The reverse is also true.

I'm hoping it's the former as I've been a GBG fan for a while.:
 
does anyone know how you buy stocks after the market has closed.

i noticed that someone bought $150K worth of GBG after the market had closed (around 6 pm).

i also noticed that around exactly the same time someone bought $150K worth of SDL.

i am sure there is nothing in this but i am now very curious as to who can buy after hours and why - institutions???
 

On my 3.00p.m. to 3.10p.m. perusal i noticed two 100k + bids come in with one pulling out before execution.This does not mean that the s.p. will rise but worth keeping an eye on.(now i spoiled it ) the post 3.00 p.m. activity you mentioned is shown below.(oops 4.00 p.m. for southern staters)
 

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Friends

for those who have not read latest Eureka report. One of the effects of Rio BHPB Merger has been advised as bad days for GBG. Current recommendation is SELL. Same author has asked to Sell AGO and few other magnetite producers. I am not sure if the intention was to ramp up and the effect of BHPB Rio to get materialised probably at least 6 months.
Just mentioned to share in this forum. I can print Eureka Report but can save it . Scanning will result pretty large volume document to be attached. Any one can get this report for 4 weeks free trial any way. www.eurekareport.com.au
Regards

Miner
 
Yeah

The Eureaka report journo must be a tosser. I can really see the Chinese backing out of their magnetite positions and welcoming RIO/BHP with open arms.

C'mon Charlie Aitken give us your view
 
At the end of the day RIO / BHP does not come into play considering Gindalbies JV with Ansteel in position. With a high profile rep from Ansteel now on the GBG board I can only see movement foward EPA approvals pending of course on the smaller operations, Karara I firmly believe is fine in this regard. Should the smaller mine Mungada not proceed Karara will be fast tracked IMO, thats a win, win for all holders, this is the baby we want up and running ASAP. Disapointing last month but the future is still brighter than ever.

Regards

Frank
 
ASX ANN today

07-12-2007 11:42 AM GBG MARKET SPECULATION - GINDALBIE AND MIDWEST CORP
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00792987

SECURITIES EXCHANGE ANNOUNCEMENT
7 December 2007
MARKET SPECULATION​

Gindalbie Metals Ltd (ASX:GBG) is aware of recent media commentary suggesting that Gindalbie is in discussions with Midwest Corporation Limited regarding a potential takeover proposal, and further that Gindalbie’s Karara Iron Ore Project is dependent upon the railway and port infrastructure proposed for Oakajee.

Gindalbie seeks to clarify to the market that it is not in discussions with Midwest Corporation Limited regarding a takeover proposal, and further that Gindalbie’s stage 1 development of the Karara Iron Ore Project is not dependent upon the development of Oakajee or its related infrastructure.
 
I think this is a bit weird. There are a few good annoucements for the past one month. The MD have expressed more than once there were good progress. but the market just resisted to take this one to the sky...
I just wonder what is the biggest obstacle here?
Anyone has any thought?
 

The reason for the current sp weakness is the current state of the market plus the lead time until GBG becomes a producer
 
greenfs said:
The reason for the current sp weakness is the current state of the market plus the lead time until GBG becomes a producer
Click to expand...

What do you mean by the current state of the market? Most stocks seem to be going up the past week. Hopefully sinosteel taking over midwest at 5.60 will spark some interest in the area again. Because otherwise things arent looking to good.
 
does seem like some renewed interest in gbg today with the bulls winning glad i bought more now as 1.25 was a good call for a bounce.
 
Does anyone know what's the major issues and challenges with GBG at this moment? What key projects are they undertaking?
 
kevien said:
Does anyone know what's the major issues and challenges with GBG at this moment? What key projects are they undertaking?
Click to expand...

http://www.gindalbie.com.au/Our+Projects/default.aspx

The only challenge at present is the sp. looking at multiple moving averages in 3x5 bands (ranging from 7-250 days) I foresee GBG consolidating around $1.10 to $1.30 until production commences. If $1.10 doesn't hold could go back to long term support at .90-.95c
 

You don't see the other milestones such as EPA approval, confirmation of finance, construction of port facilities or plant as giving it a kick along the way?

cheers
Surly
 
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