GBG - Gindalbie Metals

[hangseng]

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

My view was short term. All of what you have identified will add value, I just don't see then as concerns. Finance is a given as is EPA IMO.

Keep in mind GBG is not solely reliant on Oakajee or rail infrastructure, that will be a bonus.

 

[s3081402]

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

Are you serious $1.10-$1.30 until production commences you must be joking. Once we get the announcement for Lodestone then this one will go back to where it belong

 

[56gsa]

Daily chart seems to be respecting downtrend channels - both blue and green - a close above 1.25 or 1.30 would make it interesting.

On weekly fib suggests a target of around 90cents but the lower support at 96c should be respected - although that support at 1.10 could hold...

 

[Morgan]

Oh dear- still bleeding badly despite yesteday's announcement.
Hopefully psychological $1 barrier holds or parachute preparation may be required

 

[The Mint Man]

Closed on its low of $0.92 so possible buying opp here. Hasn't been this low since june 07', which is when it started to take off.
I don't hold.

Cheers

 

[wildmanchris]

I think is a great buy below $1, but think that with the markets as they are it might have a bit to go yet. I think I might put an order in at $.80 and hope some investors get the jitters!

 

[imaginator]

Hi guys,
is this a good price to buy or what! GBG at 92 cents!
Wawawee!

Im sure the company is worth more than that! Remember it was quoted many times saying target of $2 to $5 by several analysts including Macquarie Bank.

Also SDL is down to 26c!

 

[mayk]

It has broken its resistance of August correction. Seems to be going south irrespectative of good news coming out. It might bounce back and hard from here or will go further down to 50 cent level....


Further analysis on the attached figure much appreciated.

 

[Rough_Trade]

From what I’ve observed over the past few months I’d say GBG is being dumped by an insto/invester. The large sell orders and suspect price action seem to illustrate this. If this is the case the question is how deep are their pockets?.

 

[TMC19]

GBG has taken a hammering recently as have most stocks, but its value has more than halved since its Sept highs which is considerably more than most other stocks during this correction/crash - whatever you want to call it.

Anyone able to shed any light on the recent results that came out ?

Any insight into why this one is taking a pounding ?

 

[lusk]

It has broken its resistance of August correction. Seems to be going south irrespectative of good news coming out. It might bounce back and hard from here or will go further down to 50 cent level....


Further analysis on the attached figure much appreciated.

Looking at the directional indicators that you have on your chart seem to suggest the downtrend may continue. Rising ADX along with separating DI+ and DI-.

 

[TMC19]

Was hoping that recent news would give it a bit of a kickstart but I suppose releasing it on the same day the market fell on its backside didn't help. If they had of delayed a couple of days it might have had more of an impact.

Seems to be following the market trend over the past couple of days and moving in an upward direction, lets hope it continues.

Fundamentals don't seem to have changed much since it was a 1.75 stock, Sundance a distant memory and hopefully the demand for Iron Ore continuing.

Hold on this one for a bit longer I think

 

[Wysiwyg]

Here is a good candle/pattern that is (i.m.o.) going to be very reliable.My reasons for having a high reliability belief is .... the current downtrend of this particular stock, the present market instability, the doji that formed today after a bearish bounce off a low/market correction.
An end of day entry at 61c was a lucky jag for me (had a couple of shots at various stock `end of day` on the 21st. and 22nd.)but should have gone Brockman, oh well.
Most certainly the story hasn`t changed but there are many stock that don`t move the way we want.

If 60 c is the bottom then i`ll eat my mouse.

 

[bigdog]

ASX ANN today

SP GBG $0.71 -$0.07 -8.97% high of $0.785 $0.705 2,110,021 shares $1,554,575 @ 31-Jan 16:10:38

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00807907
31-01-2008 02:23 PM GBG Quarterly Activities Report

DECEMBER 2007 QUARTERLY REPORT
HIGHLIGHTS FOR THE DECEMBER 2007 QUARTER

EXPLORATION
• Premium grade concentrate produced from DTR tests on holes beneath the Blue Hills North and Gully Hematite deposits. Better results include the following:
Blue Hills North
120 metres @ 71.0% Fe and 1.9% SiO2 in concentrate from 96 metres
212 metres @ 71.0% Fe and 2.1% SiO2 in concentrate from 34 metres

Gully
82 metres @ 71.2% Fe and 1.3% SiO2 in concentrate from 98 metres
132 metres @ 70.8% Fe and 1.5% SiO2 in concentrate from 84 metres

• Substantial DSO grade drilling intersections recorded from the Shine Prospect, part of the Warriedar Joint Venture with Royal Resources. Better results include the following:
60 metres @ 62.6% Fe from 59 metres
26 metres @ 63.3% Fe from 55 metres
32 metres @ 62.6% Fe from 92 metres

KARARA IRON ORE PROJECT APPROVALS
• Mungada Hematite Project PER advertised for public review. EPA assessment recommendation and Ministerial decision remains on schedule to be completed by June 2008.
• Karara Magnetite Project PER final draft in preparation.
• The Mid West Strategic Review handed down by the Western Australian Government indicating a predisposition to approve the Karara Magnetite Project.

KARARA IRON ORE PROJECT DEVELOPMENT
• EPCM providers have been short listed and final selection is due in February 2008.
• Concentrator design awarded to Ansteel Mining Design Institute (AMDI) in China.
• 15-year power supply contract signed with Verve Energy.

CORPORATE
• Cash reserves at 31 December 2007 of $51.5m.
• Ansteel’s Mr Wang Heng appointed to the Gindalbie Board.

 

[pk_wasp]

Because it has "Magnetite" in its resource armory.

GBG should just promote their DSO stuff to the market, though I don't think in todays market it would help much.

 

[agro]

ASX ANN today

SP GBG $0.71 -$0.07 -8.97% high of $0.785 $0.705 2,110,021 shares $1,554,575 @ 31-Jan 16:10:38

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00807907
31-01-2008 02:23 PM GBG Quarterly Activities Report

DECEMBER 2007 QUARTERLY REPORT
HIGHLIGHTS FOR THE DECEMBER 2007 QUARTER

EXPLORATION
• Premium grade concentrate produced from DTR tests on holes beneath the Blue Hills North and Gully Hematite deposits. Better results include the following:
Blue Hills North
120 metres @ 71.0% Fe and 1.9% SiO2 in concentrate from 96 metres
212 metres @ 71.0% Fe and 2.1% SiO2 in concentrate from 34 metres

Gully
82 metres @ 71.2% Fe and 1.3% SiO2 in concentrate from 98 metres
132 metres @ 70.8% Fe and 1.5% SiO2 in concentrate from 84 metres

• Substantial DSO grade drilling intersections recorded from the Shine Prospect, part of the Warriedar Joint Venture with Royal Resources. Better results include the following:
60 metres @ 62.6% Fe from 59 metres
26 metres @ 63.3% Fe from 55 metres
32 metres @ 62.6% Fe from 92 metres

KARARA IRON ORE PROJECT APPROVALS
• Mungada Hematite Project PER advertised for public review. EPA assessment recommendation and Ministerial decision remains on schedule to be completed by June 2008.
• Karara Magnetite Project PER final draft in preparation.
• The Mid West Strategic Review handed down by the Western Australian Government indicating a predisposition to approve the Karara Magnetite Project.

KARARA IRON ORE PROJECT DEVELOPMENT
• EPCM providers have been short listed and final selection is due in February 2008.
• Concentrator design awarded to Ansteel Mining Design Institute (AMDI) in China.
• 15-year power supply contract signed with Verve Energy.

CORPORATE
• Cash reserves at 31 December 2007 of $51.5m.
• Ansteel’s Mr Wang Heng appointed to the Gindalbie Board.

thought i might contribute.

i am very optimistic about the long term potential of GBG which is in the same process as FMG (development of their port, rail network and not to mention scale of dso etc)..

they are well funded with a cash reserve of ~50m (cash report) so there shouldn't be issues there.. i am anticipating production and am looking forward to the EPA announcements come July, they are very well backed by the locals too..

i am uncertain as to why there is negative sentiment with the sp in the short term when other iron ores (BRM, AGO, MMX, MGX) have all made reasonable recoveries..

hold

 

[agro]

Did anyone see the late buying on GBG today?

what would you attribute that to?

the price went from around 78c before 4pm to 81c post-auction.

quiet impressive, if it breaks the 80-81c barrier expect it to run back to previous highs imo.. thats if the market holds up

anyone like to offer their views ?

 

[mayk]

In previous correction GBG ran back to its current highs because it dropped suddenly ( in a short span of time). But the current downward trend is happenning for a long time 3-5 months. I think a break above 1.00 might set this stock running. I am holding a lot of red in this stock...But believe if everything in the market goes well it might hit 1.7-2.00 before china olympics..Ofcourse if US decided to tank in between than this stock might reach its bottom of around 50c.

One can only assume that this stock will recover slowly, as its downfall was also slow and painful.
Holding in RED

 

[Frankhalo]

Gut feeling we may see Ansteel increase their holding in GBG soon from 12% to under 20% . The willingness of late for China investments / holdings in MIS and RIO suggests iron ore holdings in Australia are hotter than ever. Regardless if you look at the commitment Ansteel will be making with GBG it would make sense to increase their stake, 1.8 billion dollar project being mostly bank rolled for only a 12% stake..I dont think so. Only my opinion but I believe it will happen, sooner rather than later.

Stay tunned folks.

 

[ideaforlife]

Bear in mind that China (Chinese government) has made plenty of silly overseas investment! Certainly I'm not saying the move to hold Rio is one of them. But Chinnese government certainly lacks experience and knacks in financial markets.