Excerpts from comments made by Charlie Aitken late last week-
"The recent auctions that appear to be occurring in domestic steelmaking raw material producers such as Aquila (AQA) and Felix (FLX) indicate the end game is some time away. We believe there is a significant amount of end customer interest in the data rooms from well-known steel producers. However, my other small-cap bulk commodity recommendations are Gindalbie (GBG), Mount Gibson (MGX) and Brockman Resources (BRM)."
and,
"I strongly recommend investors follow the actions of global steel producers into upstream raw materials and commodity producers in general. It is hard to believe that BHP, Rio, and Fortescue are trading on single-digit forward multiples with 50% earnings growth locked in. In addition, real long-term value has emerged in small caps like such as Gindalbie Metals, Mount Gibson Iron and Brockman Resources. The day Lakshmi Mittal stops pulling out the chequebook it's time to go lukewarm on iron-ore, coking coal and base metals but I suspect that will not be anytime soon.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
