GBG
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0.00% 2.9¢ gindalbie metals ltd

some green today folks, page-7

  1. jgroenheide
    993 Posts.
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    21/06/13
    15:41
    Post #: 11913523
    out of the MT newsletter:

    • Gindalbie Metals (GBG 11.5c) – Says they intend to construct a southern rail line to the proposed Oakajee port in WA after abandoning the idea last year. The company successfully restructured their Karara project with Ansteel last week which should leave them cashed up and debt free. UBS have a Neutral recommendation on the stock with a target price of 12c. They think the news is positive but see the company being hostage to a volatile iron ore price.
    GBG Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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