There are a lot of flogs who get on here and ramp this stock up.
Over the past twelve months it has underperformed the All Ords by roughly 40%, underperformed most - if not all - of it's peers in the same period (it was one of the worst stocks on the ASX in 2011), on a 3 year time frame it has underperformed the All Ords by 20%, and while the ASX is down 36% from it's pre-GFC highs GBG remain 75% 'under water' through the same period; a comparison of more than double.
Certain posters on Hotcopper continue to bleat "maybe some good news, maybe some good news" and the followers go "baa, baa" . . . . Over the last two years, even Telstra has outperformed this stock and that is saying something!!!!
Ok there has been a small run since the SP capitulated to it's recent lows, however the rise in price in a 'risk on' market is dwarfed by some of the returns seen in other small - mid cap stocks!
Perhaps one day this will have it's day in the sun and be taken over by the takeover fairy - still at a fraction of the price it was (and should) be - but until then, Gindalbie Metals is, and has been an absolute dog of a stock.
That is no speculation - that is fact!
GBG Price at posting:
62.0¢ Sentiment: None Disclosure: Held