The fact BHP/RIO could make IO expensive will encourage the...

The fact BHP/RIO could make IO expensive will encourage the Chinese to invest in stocks like GBG to get them into production for their IO.

Yes GBG is oversold, but look at the quantities traded over the last month. They are down significantly, which I assume is mainly the credit crisis but also the merger.

The August shafting was soon followed by an unprecendented gain. When this stock flies it really moves, but also moves down heavily.

Basically you have 2 years to wait for production, it isn't that long. I asssume investors are scared that the credit crisis will mean we never get the required 1.6 billion required (fair enough). However I beleive it will be obtained, espicially with the rising IO prices, thus confidence restored and a soaring share price. Just do as I have done: forget about GBG and take a look in a month or two. I am heavily in the red on GBG and it represents around 70% of my portfolio (I beleive in GBG that much!).