Brendon Lau Related QuotesGBG GINDALBIE FPO (GBG)$0.540 $0.02...

Brendon Lau

Related Quotes
GBG

GINDALBIE FPO (GBG)
$0.540 $0.02 (2.86%) Volume 3927185 Value 2115692.0
5 Year
1 Day


as at 16:10 Australia/Sydney 11 JAN 2012
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Company Profile
Principle Activity Iron Ore Exploration
Website http://www.gindalbie.com.au/
GICS Metals & Mining (151040)
ASIC ASIC 060857614

ASX Announcements
10/01/12 Award of Tailings Management Contract
03/01/12 Change of Director`s Interest Notice
28/12/11 Amended Appendix 3Y
28/12/11 Amended Appendix 3Y
20/12/11 Change of Director`s Interest Notice

View All Announcements »

See Also
People
Analysis
Financials
Morgan Stanley has initiated coverage of Gindalbie Metals with an “overweight” recommendation and 80¢ a share price target as it believes the market is yet to appreciate the full value of the second stage of the Karara iron ore project.

Production of direct shipping ore at Karara has started and construction is under way to produce high-grade magnetite concentrate.

The project has been de-risked because one of China’s largest steel companies, Ansteel, has signed a 16 million tonnes a year off-take agreement.

Morgan Stanley see the possibility of the project expanding to 30 million tonnes a year but has not factored that into its valuation as the required infrastructure is not yet in place to support the increase in productio