GBG - Gindalbie Metals

[hangseng]

Re: GBG - Ginalbie Gold

Im looking closely at GBG to invest quite heavily in noticed it has been on a fairly decent run of late, closing round $1.14ish today. Starting to think i may have missed the boat on this one!! Any opinions from someone who knows how to read the charts? Im hoping for a slight downward trend so i can get in round the $1.05 mark

Missed the boat?

$1.00 $1.05 $1.10

Does it really matter for a stock heading for $10, conservatively.

This stock and the other that GJ heads up, MUN, are absolute must haves in any portfolio IMO. Watch both of these stocks closely, especially soon with MUN

 

[springhill]

Re: GBG - Ginalbie Gold

Very good point hangseng but i am a frugal man and if i can save 10 cents on a share i will , tho i do agree the sky is the limit with this one, i still want it for the best price possible at the moment

 

[imaginator]

Re: GBG - Ginalbie Gold

yeah i bought a lot last week at 0.935. Heard from a friend about a rumour that one company is soon going to make a surprise bid for GBG very soon.

ANyway, GBG long term is $10.

Short term, Macquarie bank just upgraded their forecast from $1 to $2+.

 

[hangseng]

Re: GBG - Ginalbie Gold

Very good point hangseng but i am a frugal man and if i can save 10 cents on a share i will , tho i do agree the sky is the limit with this one, i still want it for the best price possible at the moment

Fair enough.
You may get an opportunity but it will not last for long if it occurs at all. You will need to be ready or the boat you want may pass you by.

By this I smply mean GBG may retrace slightly with market fluctuations, and has done so in the past. You will need to be prepared to take advantage should it occur, as IMO you will not be on your own looking for another entry point. As was seen this week after retracing under the $1.00 mark and then quickly coming back to close higher again.

My view is based on the fact if you are placing large sums into a stock then a few points means a lot. With smaller amounts it makes little difference in the longer term.

Good luck.

 

[springhill]

Re: GBG - Ginalbie Gold

Fair enough.
You may get an opportunity but it will not last for long if it occurs at all. You will need to be ready or the boat you want may pass you by.

By this I smply mean GBG may retrace slightly with market fluctuations, and has done so in the past. You will need to be prepared to take advantage should it occur, as IMO you will not be on your own looking for another entry point. As was seen this week after retracing under the $1.00 mark and then quickly coming back to close higher again.

My view is based on the fact if you are placing large sums into a stock then a few points
means a lot. With smaller amounts it makes little difference in the longer term.

Good luck.

Hangseng, i did get my pull back today was going to jump in $1.16 first thing
but kept my powder dry and snapped them up at $1.085. Very happy. im really looking forward to the ride this one takes me on. Also looked closely at MUN and nearly went that way instead, such is life i dont have the $$$ for every share i want. Good to see MUN climbing sharply today aswell :band

 

[kevien]

Re: GBG - Gindalbie Metals Ltd

I am new to this forum and looking closely to this stock. It has been increased a lot but is dropping a bit today,good days are over??

 

[jet328]

Re: GBG - Gindalbie Metals Ltd

I am new to this forum and looking closely to this stock. It has been increased a lot but is dropping a bit today,good days are over??

It can't go up every single day and has run pretty hard of late.
Compare it to some of the other Iron ore stocks and see what you think

Cheers

 

[dj_420]

yes stocks cant go straight up forever, smallish retracement from highs.

seen huge volume to get to these levels, needs some consolidation now over the $1 mark, then back to attacking highs again

 

[dj_420]

well as expected smallish retracement from new highs. today has seen the $1 point tested and held well, bounced very quickly from this area.

since original retracement found support at 90 cents. moved back over $1 quickly. since then it has tested the $1 support on a number of occasions BUT failed to close below $1.

new resistance around 1.12 ish and 1.18. would like to see the volatility settle down and consolidate at this level before next major move.

huge volumes for this stock continue. i would like to see the report that there has been upgraded valuation to $2 if anyone has it?

 

[blacksheep]

Looks like GBG is going to break the $1 point in coming days. 0.95 seems like having supports, but 0.89 may be the real support.

 

[kevien]

It Looks like GBG is back and ready to attain new highs. I think the market price probably would close at 1.07. What do you guys think?

 

[dj_420]

its holding $1 very well, resource upgrade and feasibility study next ann due.

the way MMX has run i would expect GBG to be trading a little higher. expecially when comparing market caps.

 

[blacksheep]

Looks like someone is keep buying the Shares today, 1.05, 1.065 (250k) ,1.08 (151k)...

Definely new buyer is in.

In coming days, we will see it rise slowly. maybe 5% a day?

 

[barney]

GBG is looking interesting .................. All indicators are pointing north .....needs continued volume/sp increase to confirm the move ........... Break and hold above $1.12 (preferably $1.18) this week would be a v. good sign. (good support at the $1.02-$1.04 mark now)

 

[Frankhalo]

Hey All

I've held these stocks since Sept 2005, brought 40000 @ 10 cents, its has been a long wait to get to this stage but I believe the next 8-10 weeks we will see them finally reflect a true / fair price in comparison to other similar companies. The bankable feasibility study which was to be released in Feb 2007, was a big let down when it got pushed back to Aug2007, take a look at the lead up in Jan2007 when Feb was still on the cards and the milestones till now and you'll find the next few weeks will bring the stock up to a very fair price. I guess the kicker is you don’t invest 39million (Ansteel), take a seat on the board if there’s nothing in the pipeline. I firmly believe too the director of GBG is not a good salesman or prompter, not a David Forest by a long shot, this in my opinion may be a valid reason for the price looking a little under cooked.

Great forum guys, hope you all do well with GBG in the coming weeks.

 

[barney]

Hey All

I've held these stocks since Sept 2005, brought 40000 @ 10 cents, its has been a long wait to get to this stage but I believe the next 8-10 weeks we will see them finally reflect a true / fair price in comparison to other similar companies. The bankable feasibility study which was to be released in Feb 2007, was a big let down when it got pushed back to Aug2007, take a look at the lead up in Jan2007 when Feb was still on the cards and the milestones till now and you'll find the next few weeks will bring the stock up to a very fair price. I guess the kicker is you don’t invest 39million (Ansteel), take a seat on the board if there’s nothing in the pipeline. I firmly believe too the director of GBG is not a good salesman or prompter, not a David Forest by a long shot, this in my opinion may be a valid reason for the price looking a little under cooked.

Great forum guys, hope you all do well with GBG in the coming weeks.

Hey Frank, In at 10 cents .... I bet you can't keep the smile off your face

The way its going it might break that $1.18 mark today Its up 7% atm, but you'd think it would have to fall a little b4 close of trade ............ Then again who knows ................ Cheers.

Just about to post and it hit $1.18 ..............Looks strong.

 

[dj_420]

was a big let down when it got pushed back to Aug2007, take a look at the lead up in Jan2007 when Feb was still on the cards and the milestones till now and you'll find the next few weeks will bring the stock up to a very fair price.

am very glad for the delay as the negative sentiment allowed me to get my fill at 60 cents!

very suprised to ever see it trading that low compared to what GBG will be producing.

anyways just looking forward to BFS

 

[kevien]

Hi Frank,
what is the price of comparable competitor? could you name some?
Today's high up to now is 1.260. I wonder if any good annoucement is coming soon.
Good luck guys.

 

[the barry]

Hi Frank,
what is the price of comparable competitor? could you name some?
Today's high up to now is 1.260. I wonder if any good annoucement is coming soon.
Good luck guys.

You could probably look at mmx, fmg and mis. They are probably a good start for comparison..................................................................

 

[Frankhalo]

Hey Guys

hope you all enjoyed the rollcoaster today, more ups and downs than a Paris Hilton video. MGX and AGO Kev are two to also look at to compare roughly.
Hope it ends at around 1.50 mark by months end, that way August will be pure cream and a trip down to the local Beamer dealership for all of us.

Regards

Frank