GBG 0.00% 2.9¢ gindalbie metals ltd

gbg share has more upsides in coming months

  1. 149 Posts.
    We will see more clearer the direction of the share price after the court order lifted (assume the court is not going to extend afterwards).

    I don't think there is any interests to push up the price before Friday. The buyers who interested in ANZ's 20M shares don't want to pay more than current range which is between 70-75. On the other side, sellers don't want to dump at current level (without any further "bad" news). Also, no one willing to short sell or able to after the Opes sank.

    In past days, we had upgrade on the resources.
    In next few days or weeks, Ansteel payment is going to arrive.
    In next few months, EPA result will be released.

    I just think the GBG share has more upsides after the Meleware event.
 
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