directors buying, page-16

Ah ok. I ignored the lastest appendix.

I assumed FY2012 would be our first dividend as well. I'll be hanging around for a few years to come after FY2008 unless the iron ore supply becomes saturated. A lot of analysts believe that iron ore will begin 10 to 20% annual declines from FY2012 onwards. Although analysts are often wrong.

I think GBG will show Australia that magnetite is commerically viable, just like MRE showed us that laterite nickel ore is viable. Look at MRE (Twiggy's old Annaconda) now its a $3+ billion company paying very nice dividends to the old loyal shareholders.

Just have to wait for old GBG to reach that $10+ mark, However I won't sell for anything less than $15.

Goodluck to all GBG fans, I feel your pain I'm down 50% on my average like a lot of you. Hang in and we will be back to new highs. This company has a BFS and a JV with a proven long term magnetite consumer.