Yes major, your correct. My assumption was on BFS figure for 8mtpa. I think 12mtpa will be an extra 400million so 200 million for GBG.
I brought another 4,000 shares today in the morning when I was in office. The large seller was there, and kept coming back and forth at 82cents, however an equally large buyer kept taking him out. Signals a low to me, and maybe the end of the seller. I could be wrong, and we won't be able to figure out the seller until next top 20 list released. Volume has been struggling to break 1.5 million for the last month, however yesterday and today significantly surpased that.
Updated BFS should be released prior to the finalisation of the CDB loan because I assume they are using that to show even better rate of returns, so expect to hear something soon, or they may come out together. Anyway looks good to me.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
