IMO GBG will continue to trade within the 18c-21c range until commercial production is announced
As I got in at the lower end of that scale, I am happy to sit around and wait. But I imagine a lot of frustrated investors are dumping out of sheer impatience and anger
Again its a tedious and frustrating wait for end of April, which is when a further updated is expected.
Up until then, expect profit taking and traders taking advantage of this trading range.
3 weeks of manipulation and trading to go.. and fingers crossed north korea doesn't pull the trigger, iron ore prices hold up and production rates are achieved.
GBG Price at posting:
19.0¢ Sentiment: None Disclosure: Held
