were is the bottom, page-16

I think we all just have to forget about the bottom. Clearly no-one has any confidence in any type of fundamental analysis right now as they have to assume some form of long term forecast for commodities prices. These prices are being revised on a daily basis based on current events so the idea that these so called analysts can claim these figures have any credencey whatsoever is an absolute joke.

So given this, no one believes anything, and if no one believes anything then pure emotion is going to dictate the share price in the short to medium term. And expect that positive news will be ignored (eg. EPA and finance approvals etc.), because no one believes it will make any difference right now.

The best thing you can do is look at long term (i.e pre boom) iron ore prices and work out a floor price for GBG based on those. Even then though, some people might argue that long term average IO prices did not refelect a massive global recession so in the short term they could even be discounted....

Not trying to be negative, but trying to get everyone here seeing the market through its own eyes.

Long termers should not panic....