Just thought I would point out that i took up 10,000 shares on the last cap raising at 0.87 cents and got out at around 1.30 - 1.40, made a decent profit off that..
the price actually dipped a little below 0.87 but after a few months it paid off! and this was before they were even producing!
I think that 0.67 - 0.70 is a bargain price either on or off market considering they are just starting to pump out iron ore and getting ready to ramp up!
anyone who is coming out and predicting falls sub 60 cents is more than likely downramping as they have been burnt which is understandable but I would bet any money that they wouldn't back up their posts with a short position! put your money where your mouth is if thats your view, all talk no substance..
the best advice I can give anyone on here, don't bet against Australian iron ore because for the next few years you will always lose!
GBG Price at posting:
79.2¢ Sentiment: Hold Disclosure: Not Held
