Fact: Iron ore mining is a major part of the Australian economy Fact: GBG mines iron ore and will be a major producer Fact: GBGs price is declining at an alarming rate of -216% per annum. Calc. based on last 77 days
Theory: The sharemarket is forward looking, i.e. a leading indicator Therefore Logical conclusion: A chunk of Australian economy is set for collapse according to its shareprice
Fact: GBG is selling far below asset value Theory: The market is always right. Logical conclusion: Investors and fund managers have abandoned GBG and don’t see it surviving
I think its time for all you Aussies to up sticks and head out .....Bosnia/ Cyrpus/ …..things are obviously so bad here if this shareprice is anything to judge by
GBG Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
