GBG 0.00% 2.9¢ gindalbie metals ltd

pre open nc, page-9

  1. 31 Posts.
    I can't say that I'm suprised about whats happening with the SP.

    The late run last week was a bit suss, and when I saw that happen, it was obvious that the positive news was being factored into the price, and when the BFS and other updates were announced, the SP only had a marginal 10-15% jump as opposed to the 25%+ jump before the ann. C'mon!!!

    The real success of GBG will be in 2 years time. But at this moment, traders will now jump on this stock and smack it around a bit, would not be suprised with 10%+ range swings daily. The next real ann. is not coming till the end of the year, so thats 2-3 months of idling.

    Further, what happens come Sept 18 the US Feds don't cut rates.

    I'm going to wait for re-entry at the next major correction, or only buy back in when it breaks $2 which won't be for a while - maybe Q1 08.

    DYOR
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.