GBG 0.00% 2.9¢ gindalbie metals ltd

chinese banks, page-12

  1. 5,254 Posts.
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    100k seller constantly pops up, i assume its ANZ offloading its remaining shares. ANZ couldn't care about the "potential" of GBG, they simply need to sell.

    Well Karara should be conservativly valued at over $4 alone with a 2.5 billion tonne resource, which means $2 for GBGs part. We are undervalued :) Check out BBY's broker val on the GBG website. This was based on a 8mtpa magnetite operation and a 1.43 billion tonne resource at Karara. They didn't assign much value to the potential of other projects. IMO they were very prudent.

    I don't think anything to exciting will happen before June/July, unless a broker report comes out. Although I could be wrong.

    I can't wait for October, so much to come!

    DYOR
 
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Currently unlisted public company.

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