convice me, page-10

Well I didn't get my buy order in on friday, im actually happy because the DOW tanked took a further beating. I completely agree with your major, espicially with friday's trades potentially confirming your view. I'm looking to top up with a further $15,000 on monday or tuesday into GBG.

The only difference is that im not willing to gamble with the fundies and try and sell then buy back in lower. Its simply not worth it, this company is significantly undervalued and will be the next IO hopeful to put a world class mine into production. Eventually the funds will not trade, and instead hold until the new rerating. These are cheap prices, but could get cheaper depending on further pressure on DOW with credit and oil crisis.

Just remember Ansteel have already commited $105 million in JV instalments, $39 million in share placement, and will be putting in another $120 million instalment into the JV this month. Then there is a US$5 billion plant...