GBG 0.00% 2.9¢ gindalbie metals ltd

This is really a no brainer in my opinion. Step back and look at...

  1. 632 Posts.
    This is really a no brainer in my opinion. Step back and look at the chart over the past two years. You will see an SP that has grown at a steady rate in concert with the expected growth rate for a company moving to production.
    Draw a trend line on the chart and the SP should currently be around 130c.

    It has been held back because of poor timing with the last cap raising that was done in a period when the term "double dip recession was on every ones lips". SRPT didn't help either.

    Eventually reality will set back in and the trend will continue. It is general fact that the SP of mining companies increase at a higher rate running up to production.

    If your buying below 100 then in my opinion your getting the stock at a 30% to the true value.

    Short termers sell if your not happy, but for those who have been in the stock for a while.....why would you even consider selling at this stage of the game.

    I hold...(and will continue to do so right up to the first truck load.)
 
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