There is good support for the share price around around high 70's low 80's and GIR is good buying at these levels.
Management is excellent and have looked after shareholders over the long term. I have held shares since 2001 and I am thinking of topping up at these levels.
I trying to think of what are the downside risks? Uranium prices are falling and their U assets are becoming less valuable. But gold is rising, and they have good gold assets which have been over looked.
My guess is that the next project will be regarding the gold assets - maybe a spin off of the Snake Well project.
I think they will want to hold all the Iron ore assets long term. Being located where they are, they are prime assets which will bring big dollars one day.
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
