held back, page-11

I think Followme's post explains the start in the decline of GBG:

What propelled it to it's lows was then a combination of:

1. Article from a journalist in an investment mag stating Magnetite was not the IO play to be in(this resulted in mum and dad investors removing their holdings), which further dampened sentiment toward sp which then paved the way to:

2. short-selling of the stock associated with Opes(Mellewar) on the back of the above

I believe the EPA approvals and Infrastructure/Rail links as per announcements have had a minor bearing on the sp of GBG in the past and will continue to do so as they proceed to fruition with GJ and Co doing the ground work necessary (refer my posts in previous months)to get it there.


Like all holders for the long-term I would not like to see GBG taken over for a "song" at these levels and I believe the article in Morning Morning based on the Sinosteel deal makes GBG very much undervalued.

http://www.moneymorning.com.au/20080501/best-five-iron-stocks.html

and the following article also discusses GBG in light of Chinese takeover prospects:

http://www.moneymorning.com.au/20080502/iron-takeover-clues.html