GBG - Gindalbie Metals

[Frankhalo]

MMX (nor anyone else) will not have exclusive rights to this port/rail/road facility, nor will any others will have exclusive rights to the Geraldton Port upgrade now in progress.

The upgrades will benefit all miners and other users in the midwest region.

Time to buy property in one of the best coastal locations in the country.

Spot on Hangseng......I'll take 3 km of WA best shore line near Geraldton, even though the iron levels in the sea water maybe a little on the high side for a dip

 

[imaginator]

whats happening today? up to 1.69 on cmcmarkets.

more solid metal prices? do u think it will go back to 1.4 range?

 

[bigbull]

whats happening today? up to 1.69 on cmcmarkets.

more solid metal prices? do u think it will go back to 1.4 range?

The price is back to 1.67 (11:47am), and volume is 3.1M. Looks like another big volume day.

No major news I can think of. Only thing I notice is the open access port news during the weekend.

Looking at the trading transactions for today, lots of market order in the first hour of trading which bring up the price to 1.70. Maybe some follow through trades after the 1.50 level broke out.

I wish it can pull back a little in coming days. So it creates some winodws of buying. But I doubt it will go under 1.50.

 

[Hawkeye]

Not a chance in hell it will go back to 1.40 range - perhaps 1.50ish will find some support should it drop back but it's only blue sky from here...more of my $ going into CFDing Gindalbie at present.

The Eureka Report keep on mentioning GBG in positive light - so I'd say the continued good news from late last week has spread into this week and their conservative $2 estimate on GBG once AnSteel came into the picture will come to fruition - I'm betting - in early September...based on some positive news arriving in late August.

 

[imaginator]

Does anyone think it will go to 1.60+ again?
Man, today is the bullrun, just getting pushed higher. 1.73 now on cmcmarkets.


Anyone setting a short term stop loss to lock in profit?

 

[dj_420]

Anyone setting a short term stop loss to lock in profit?

not me, been on this one since 60 cents and was going on and on about it. im holding this bad boy until magnetite production 2010.

hematite production to start next year, get some good cash flow going.

 

[gfresh]

At this rate, it's quite possible $2.00+ will be reached by mid-august.. Looking at MMX, and it's rise, it's possible (speculative) it may be $6 this time next year.

I wouldn't be selling this one right at the moment, managed to get accumulate some more at $1.33 the other day

I think at the moment, because growth in some of the other stocks on the market is a little flat (banks, etc), a lot of money is coming into these sort of stocks.. i.e. today XMJ (materials) down only 0.3% compared to - XAO down 0.5%, XFJ (financials) down 0.6%, XNJ (industrials) down 0.7%

 

[Frankhalo]

$1.75 boys, how f'ing nice is that....love to see out the month at the $2.00 mark, at this rate thats not such a far fetched figure.

Hope you all did well with the old GBG today, I imagine you all did !

Regards

Frank

 

[Love Zn]

$1.75 boys, how f'ing nice is that....love to see out the month at the $2.00 mark, at this rate thats not such a far fetched figure.

Hope you all did well with the old GBG today, I imagine you all did !

:alcohol:

Well it did better than I expected today on no news. I'm still trying to get some funds cleared to buy more before the BFS's come out.

 

[s3081402]

Another good day for GBG. Hopefully it continue to rise to the $2 mark by the end of the month. Will this drop down to $1.60 since it been going up for 4 day straight.

 

[Pat]

Another good day for GBG. Hopefully it continue to rise to the $2 mark by the end of the month. Will this drop down to $1.60 since it been going up for 4 day straight.

Possibly, 1.60 will be a good level to retrace to on the chart. It's broken out of the top bollinger band, going like a rocket, it should come back within the top band. But who knows, dream run for GBG holders

 

[mas888moe]

Hi guys,

Do you think GBG will go down to $1.65 or lower today? What is a good price to buy at?

Please help!

Thank you very much

 

[dj_420]

Hi guys,

Do you think GBG will go down to $1.65 or lower today? What is a good price to buy at?

Please help!

Thank you very much

as pat said might retrace to 1.60

i for one will be picking up more at those levels. has had an excellent run. still large volumes going through on this one.

 

[s3081402]

Not a good day for GBG, started well in the morning then drop down as expected. But should continue to go up this week.

 

[the barry]

Good to see we have an institution jumping in today for a 5 percent stake. Things are looking better and better.

 

[whitta27]

yeas barry .. i liked that too..
even to the point that they'd bought 1 million i think it was even up to 1.70 roughly from my observations.. they must really like gbg

 

[gfresh]

If you have a look at MMX as well, JP Morgan and Merrill Lynch have also bought into it recently.

These two massive institutional investors don't invest in companies willy-nilly, which is a positive sign for GBG

 

[Pat]

Another good day for GBG. Hopefully it continue to rise to the $2 mark by the end of the month. Will this drop down to $1.60 since it been going up for 4 day straight.

$1.60 was pretty much spot on s3081402. I won't be surprised if we see $1.50 by Friday... with a little help from the DOW, although there is some great depth at the $1.60 level. Some consolidation here wouldn't go a stray...

 

[s3081402]

Not another good day for GBG. Enough people waiting between $1.63 to $1.70 to sell. Hopefully can regain the increase from the start of week.

 

[dj_420]

Not another good day for GBG. Enough people waiting between $1.63 to $1.70 to sell. Hopefully can regain the increase from the start of week.

have you seen the whole ASX the last couple days? been very red ones thanks to leads from DOW.

do you realise this stock has run from 55 cents to 1.60 in a couple of months? stock needs a bit of a breather and some consolidation.