The clear shift in market sentiment relating to resource stocks is clearly going to benifit GBG in the medium term. Dispite the selloff in August buyers seem to be comming back stronger than ever.
To my mind this is a direct result of the small cap specs being desimated and those who still have some appetaite for risk seeking value in stocks that have clear cash flow potential in the short term. GBG clearly fits the bill.
With Southern Cross Equities giving a target price of 1.90 its no wonder we are seeing some serious accumulation. As a medium to long term play i believe GBG is good value atm.
The clear shift in market sentiment relating to resource stocks...
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