so why is gbg going south, page-9

I think three things are at play.
1. Gbg is loaded with debt and there is uncertainty about iron ore prices. Marginal producers always get hit hardest during this stage of the commodity cycle (normally the best buys in a downturn for this reason).

2. Production hasn't started and they haven't ironed out all the glitches yet. It always takes time to commission big projects and iron the bgs out. Share prices always suffer heavily during this phase of a project as all the rumors of comissioning issues are talked up to and fear runs high. This will slowly change as they start producing.

3. The concept of oakagee not going ahead is a big loss for gbg because that extra capacity would have decreased production costs significantly.

I think it is still going down because people are getting more afraid it will be behind schedule as the completion date nears and trying to time the bottom of this is pointless because you don't know what day the market will decide this mining company is a real producer.

All i want to do is buy more anywhere under 40c and hold until it is between 0.75 and 1.50. I firmly believe it is 80% chance everything works within 3months of schedule and I double my money in a year or two. 20% chance there are major delays and I lose a large chunk of my gamble/ investment.. Try finding a roulette wheel that offers 80 dollars if you win on red for every 20 you put down.

Do your own research. Seriously!