I agree it's serious, but ask yourself really is it going to have that much net effect on a near term iron ore producer with sale, infrastructure and funding agreements already in place. I doubt it, but while there is volatility in the market selling will happen as a by-product of the underlying nervousness that still exists, and without much regard for company fundamentals. It is the madness of crowds. My gut feeling is the world markets reaction was excessive, but I temper that statement with the comment that markets are never wrong.
Personally I am now happy that gap was filled today, that along with the high volume triggered a buy for me although if I had a little more patience (and free time) I could have got them for less than the 1.25.
- Forums
- ASX - By Stock
- GBG
- back of the envelope musings
back of the envelope musings, page-36
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online