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...
GBG Price at posting:
31.7¢ Sentiment: Hold Disclosure: Held
