GBG 0.00% 2.9¢ gindalbie metals ltd

Whilst we have suffered, it is not as bad as SDL. Funny how the...

  1. 218 Posts.
    Whilst we have suffered, it is not as bad as SDL. Funny how the GBG/SDL merger and the MMX/MIS takeover/potential merger occurred at approx. the same time last year to create big IO companies.

    The result being both mergers/takeovers failing. MIS ended up doubling and MMX falling slightly. GBG sitting at approx. half and SDL at a third. Of all those companies GBG always struck me as having better management and potential.

    I think you can feel safe throwing your wage at this one. Half the price (of last year) and improved fundementals will result in the market improving SP shortly.

    I heard today in the news that the Chinese are building a city the size of Brisbane every month. If this is true the IO demand from the Chinese alone will increase the SP. Let alone the demand from India and Russia.
 
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