Had a look at chart on the wknd, IMO could be headed for a Double Bottom short of 21.5c. If so, this would be a solid buy signal and we should head back up towards 34.5c, and if that's breached, say hello 51c.
TA wise, I might look at making a big play in another cent or two... if it drops further.
Fundamentally, this thing could obviously explode once nameplate is confirmed within budget. As far as I understand, we should have a really idea within a month, short time frame, exciting time to be a holder.
I think the Australian dollar has peaked and is forecast to slowly ease from here, which will partially offset any drop in IO price. I think people worry too much, IMO GBG will always make some gold cashflow...
Anyway that's my 2 cents worth for this week. DYOR
GBG Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
