Lets talk institutions, southern cross securities have at target price of $1.90 on this stock, in the last two weeks southern cross securities have purchases 2.7 million shares
UBS have purchaced 3.1 million Merryl lynch have sold 2 mill Comsec securities 2.5 mill jp morgan 1.4
Hope this helps you all, or can enlighten me.
49 mill in the bank, 1.43billion tonnes of mag and 27.1 mill tonnes of heamatite. Add to this Lodestone and Roys Warridar project 60% GBG, this is definitely being held or pushed down for some other reason than feasability.
Come on someone, tell me what is wrong. I spoke to Micheal today, the PR officer, they are amazed. George Puts up 1.2 million dollars of his own cash, still not good enough. The company feel fully confident they will get the Environemental issues cleared.
Fully funded by Ansteel if the GBG request..............what am I missing????????
Cranky Harlee
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held