Imo this is in outperform rating...just held down because shorts covering...ishort covering is near end now...it is about to go up in a day or two as soon as the resistance around 25 cents disappears...it looks like short cover has set cap price around 25 cents so its contnuously feeding to keep it in that range around 3.30 since last few days...will be i. 50 cents range in a month imo...yea double fold i know...but thats where its heading, i. Worst case it will take two months to double fold but it will...at $134 iron ore price they will be getting more than $150 for their magnetite product...
GBG Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
