GBG - Gindalbie Metals

[agro]

on the note of china its interesting to note a number of large trades (90k +) occurring after 11am today

is this when hang seng opens?? cause if so i believe its Chinese accumulation

very unusual- just thought id bring it to peoples awareness

 

[hookon]

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

IMO - Anything not producing is a lot more suceptable to current market trends.

Will take time but once gets closer to production will increase. MMX/MIS/MGX all took off when approaching & starting production.

 

[oldblue]

I'm no expert in this field but it seems to me that the successful iron ore companies share several of the following criteria:

- currently producing ( or production imminent ) to cash in on present prices.

- well positioned to use existing infrastructure.

- produce a high proportion of the higher yielding hematite ore.

I'm a former holder of GBG but sold last year when I felt that SP was getting a little toppy. Still following progress.

 

[agro]

Subscription Agreement Signed with AnSteel announced today

I think market over-reacted a bit but thats my opinion.

 

[TMC19]

My opinion is that I don't think it did over-react.

The potential is certainly there with this stock and its taken a hammering recently, for no real apparent reason apart from the general downturn in the market. Compared with other similar mining companies who are at a similar stage of production it looks relatively cheap.

I believe there is a lot of people holding this stock and it would also be on a lot of watchlists, a couple of pieces of good news and I can see it moving upwards quite rapidly.

I hold.

 

[reece55]

Slow and steady wins the race..... All that has happened with this stock is that it has become way way more attractive.

GBG is still my preferred entity in the Iron Ore sector. Consider this, FMG has 50x the market cap, but even if FMG can get up to the 200 Mil tonnes per annum (big ask), has only 25 times more ore mined per annum. Granted, GBG has a higher extraction cost, but it does put it in perspective....

Cheers

 

[agro]

Slow and steady wins the race..... All that has happened with this stock is that it has become way way more attractive.

GBG is still my preferred entity in the Iron Ore sector. Consider this, FMG has 50x the market cap, but even if FMG can get up to the 200 Mil tonnes per annum (big ask), has only 25 times more ore mined per annum. Granted, GBG has a higher extraction cost, but it does put it in perspective....

Cheers

yeh thing is GBG are to produce in 2011/2012 i think which is probably towards the end of the iron ore boom

u would want to be looking at companies currently producing in the midst of the boom

MGX / MMX / RIO / FMG / MMX? / MIS?

that's what i reckon, GBG might be alright if u buy and put a lock and key and wait 3-4 years.. but if you want peak exposure go with the above.

 

[TMC19]

yeh thing is GBG are to produce in 2011/2012 i think which is probably towards the end of the iron ore boom

u would want to be looking at companies currently producing in the midst of the boom

MGX / MMX / RIO / FMG / MMX? / MIS?

that's what i reckon, GBG might be alright if u buy and put a lock and key and wait 3-4 years.. but if you want peak exposure go with the above.

Not true - read the report released today.

Karara Mining is aiming to commence exports of hematite ore through Geraldton in 2009 and deliver first magnetite concentrate ore from the Karara Magnetite Project by 2010.

 

[agro]

Not true - read the report released today.

Karara Mining is aiming to commence exports of hematite ore through Geraldton in 2009 and deliver first magnetite concentrate ore from the Karara Magnetite Project by 2010.

Subject to the timely receipt of environmental approvals and financing, Karara Mining is aiming to commence exports of hematite ore through Geraldton in 2009 and deliver first magnetite concentrate ore from the Karara Magnetite Project by 2010.

well done, i was going of the top of my head

 

[TMC19]

Subject to the timely receipt of environmental approvals and financing, Karara Mining is aiming to commence exports of hematite ore through Geraldton in 2009 and deliver first magnetite concentrate ore from the Karara Magnetite Project by 2010.

well done, i was going of the top of my head

Therefore when you consider the price of any of the stocks you quoted - the cheapest being MGX at about $3 a share with similar production timescales you can appreciate why GBG looks attractive to a lot of people.

It a bit frustrating for holders as most of the other iron plays seem to have made a much stronger recovery, which is why I believe a couple of pieces of good news will have this one moving fairly rapidly.

 

[agro]

Therefore when you consider the price of any of the stocks you quoted - the cheapest being MGX at about $3 a share with similar production timescales you can appreciate why GBG looks attractive to a lot of people.

It a bit frustrating for holders as most of the other iron plays seem to have made a much stronger recovery, which is why I believe a couple of pieces of good news will have this one moving fairly rapidly.

yeah GBG has good growth potential don't get me wrong, thats why i am holding longterm.. you are correct with what you said..i am expecting a dividend from MGX to be announced this year.. c what happens,

 

[TMC19]

Bit of a movement in price today.

Heavy numbers coming in on the buy side of this as of 3.30 today

Also large volume traded to today for an unknown reason. Anyone know why?

 

[derty]

Geoff Wedlock came onto the board today after resigning (getting rolled) from GWR as a result of the GWR-FAS debarcle.

 

[TMC19]

Geoff Wedlock came onto the board today after resigning (getting rolled) from GWR as a result of the GWR-FAS debarcle.

Could be, but I think that news came out on Friday morning - GBG went 10% in approx the last hour of trade, with high volume traded and large numbers entering into the buying side of the market depth. Something spooked it...

 

[mayk]

I am attaching a chart of GBG. It seems that higher highs and lower lows ; uptrend is established for this stock. Although not that important but indicates that in next 2-3 months this stock might reach its lost highs. Any techies comments welcome.

 

[mas888moe]

Hi everyone,

I still don't understand why GBG's share price is so low. See the attached broker report (updated end of Feb 08) which values GBG at $1.67.

 

[Uncle Festivus]

Hi everyone,

I still don't understand why GBG's share price is so low. See the attached broker report (updated end of Feb 08) which values GBG at $1.67.

Probably cause they are not makin bacon yet!

 

[imaginator]

Say no more!
This stock is going up! I just read a report on friday saying target $1.60 very soon.

Also the price has been steady at around 0.86 for more than 1 week.

I will find that report and paste it here.

 

[Joe Blow]

Say no more!
This stock is going up! I just read a report on friday saying target $1.60 very soon.

Also the price has been steady at around 0.86 for more than 1 week.

I will find that report and paste it here.

Imaginator:

1. Just because you read a report saying the stock will be $1.60 soon, it doesn't necessarily mean the market will agree.

2. If you are going to refer to something (e.g. a report) it's probably a good idea to have the details ready before you do so.

 

[hookon]

I appreciate your contribution.

Unfortunetaly Values vs Market sentiment can be different but i hope for all our sakes your right. Just needs a kick to get going again.

Would be interesting to know why they think it will be $1.60 Very soon. Thats a big jump .70c

It is similar opinion though to someone elses recent broker report from BBY.

However Paterson's had it at only 98 cents but has upgraded to $1.25 on new est. iron ore prices.

Lets hope for 1.60 very soon - i would be very pleased as like all of us I am absolutely kicking myself for being greedy & not taking anything over $1.50 before.

The best would be someone to take over so they have to pay $1.60 LOL

Say no more!
This stock is going up! I just read a report on friday saying target $1.60 very soon.

Also the price has been steady at around 0.86 for more than 1 week.

I will find that report and paste it here.