Most brokers value GBG $1-$1.20 post the rights issue. Doesn't mean much given the market sentiment.
All iron ore stocks are at lows besides SDL (t/o offer) and AGO. No reason for GBG to be trading above these levels unless global markets stablise. We will always carry a larger discount to producing peers like AGO, MGX and FMG because we have a greater risk, especially given cost blow out risks.
Most brokers value GBG $1-$1.20 post the rights issue. Doesn't...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)