Gindaldan
Thanks for your figures. Your post expresses my feeling exactly. I do have concerns for GBG in the short term. Popular concensus is that Iron Ore Pricing will remain at $120 per tonne during Q3 and Q4 of 2013. This is not great for GBG especially with the high AUD$. From a AUD$ viewpoint, it will remain higher for most of 2013 as there is still a large mining investment pipeline in Australia that has already been committed to. There is also a high demand for AUD amongst global goverments reserves. As the project pipeline reduces, and as global stimulus hopefully begins to reduce, so will (in theory) the demand for AUD$. This should hopefully put GBG in a better position in 2014 and beyond. However, I cant see it achieving the whooshhh affect many are predicting in the near future. I am a long term believer in GBG... I just an not enjoying the bumpy seas we are being forced to endure...
- Forums
- ASX - By Stock
- GBG
- controlled s/price
controlled s/price , page-11
-
-
- There are more pages in this discussion • 10 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
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares