You, guys, are funny. I believe, this forum is a place where everyone can say freely his/her views about a topic. Here, the topic is Gindalbie Metals. I share my thoughts with you and my opinion is that the share price of Gindalbie has been recently and largely supported by a rising IO price. Now, from my point of view, IO price has already reached its peak, so it will start turning down - this will consequentially bring a fall of the GBG sp. ...therefore, I sold 50% of my GBG shares on Friday...also because I saw a better opportunity for my investments on the market (Lynas). I believe there is value on GBG share, but there is still much to wait for nameplate production and positive cash flows. Furthermore, I think, the whole IO sector will be pushed down after a good run (e.g MGI, AGO). That is all.
I do not like posting every day the same xxxx like someone else does...just checking charts, selling/buying trends, volumes which are clearly manipulated by shorters, etc.
My guess is GBG price to fall in the short term, whether you like or not. I gave you a good reason. So, I sold and brought home some gains. Thanks God.
GBG Price at posting:
16.0¢ Sentiment: Sell Disclosure: Held