You have been a real source of information during very testing times for shareholders in this stock. It is a shame that GBG does not like updating the market on their commissioning and ramp up. How is it all going at Karara? Have they brought up any more stages on line yet? It is important this company gets into steady production soon to improve cashflow and reduce fears of another capital raising. Many thanks for providing us with hope when the company has kept quiet. Here's a report i found from an investment house, arguing that pure iron ore producers are being priced too low. Come on GBG bring out some good news!
Investors are too bearish on Australian iron-ore equities says Morgan Stanley analysts Joel Crane and Peter Richardson. "We think the level the market is willing to pay for iron ore exposure is far below our expectations," the analysts say in a report. They estimate that iron ore prices implied by the current equity share price of ASX-listed iron-ore pure plays, Fortescue (FMG.AU), Atlas (AGO.AU) and Gindalbie (GBG.AU) are US$107-US$110 a ton. Spot iron ore rose 0.4% Wednesday to US$145.80/ton.
GBG Price at posting:
20.2¢ Sentiment: None Disclosure: Held