GBG - Gindalbie Metals

[YNKWRTNC]

Alright guys,


I don't need to be sold on this one. Was already in.
Just figured if of sold out in the near, term could make some quick money.
But will be holding a smaller holding. Any opinions on my short term strategy, would appreciate others views. If anyone can see flaws in my strategy would appreciate the comments.

Cheers Fella's and ladies

Ezza,
Lock and hold, don't sell.
Too much potential in GBG and too hard to pick the exact moment of an increase or decrease in a market or an individual SP.
Don't even give selling a thought till BFS and Lodestone drill reports are out.
Then re-assess; the company may be one you know well by then and have confidence in for a big future OR you may be ready to take your profits and run.
But after you run, I wouldn't advise looking at the SP of GBG a year later.
It might bring some frustration. https://www.aussiestockforums.com/forums/images/smilies/banghead.gif
Patience pays off.
Good luck.

 

[dj_420]

GBG up a lazy 20% and no comments?

perhaps we have seen news of the BFS leak already, or maybe some lodestone drill results

i personally cannot wait to see the lodestone drill results, we could have another karara in the making

 

[zt3000]

When are the next results aproximately due out for BFS and lodestone? Thanks people Very much appreciated

 

[bigdog]

BFS must be getting very close!!!

SP booming
GBG $1.65 +$0.235 +16.61% with high of $1.795 and low of $1.51 8,855,031 $14,227,880 @ 30-Aug 12:16:01

http://www.gindalbie.com.au/Our+Projects/Karara+Magnetite+Project/default.aspx

Source: Gindalbie Metals website

Karara Magnetite Project (date unknown!!)

The world class Karara magnetite deposit has unique qualities which make it amenable to the production of high quality magnetite concentrates and blast furnace quality pellets, including:

• 1.43 billion tonnes of 36.3% Fe resource (JORC standard);
• >400 metres wide and >350 metres in depth;
• Waste to ore ratio 0.5:1;
• Exceptional uniformity;
• High weight recovery – 41%;
• High concentrate grade – 68.8% Fe with low impurities (0.05%S, 0.01%P, 4.2%SiO2); and
• > 40 year mine life potential at 8 million tonnes concentrates per annum.

Gindalbie is developing the Karara Magnetite Project through a comprehensive 50:50 Joint Venture with Chinese steel producer, AnSteel. The two stage joint venture includes:

Bankable Feasibility Study (BFS) phase

AnSteel and Gindalbie have committed to complete the Bankable Feasibility Study ("BFS") on a 50:50 basis.

Current BFS contemplating:
Mining from conventional opening pit;
Beneficiate ores in the concentrator on site;
Transporting magnetite concentrates to the Port of Geraldton via slurry pipeline or railway;
Magnetite concentrates being shipped to Ansteel’s integrated Bayuquan Steel Mill (in construction), Yingkou, northwest of China;
The concentrates will then be further processed into blast furnace quality pellets in a Joint Venture Pellet Plant; and
Pellets being fed directly into Ansteel’s Bayuquan Blast furnace.
First production of magnetite concentrates and blast furnace grade pellets is scheduled to commence in early 2010 at an initial rate of 8mtpa.

The BFS is due to be completed by August 2007. Once a decision to mine is made, the second stage of the Joint Venture will commence.

Operation phase

The second stage of the Agreement involves project financing, sales and marketing, construction and production. 100% of Karara magnetite concentrates and pellets will be purchased by Ansteel Bayuquan Steel Mill.

While final funding requirements for the project will be determined by the BFS, it is estimated that the capital cost will be over A$1 billion, with the debt/equity ratio structured on a 70% debt : 30% equity basis.

 

[AussiePaul72]

GBG up a lazy 20% and no comments?

perhaps we have seen news of the BFS leak already, or maybe some lodestone drill results

i personally cannot wait to see the lodestone drill results, we could have another karara in the making

Wooooooo hooooooo ........i'm now ahead on GBG!!
GBG is really on a big run so far today ....opened 12.5c up on yesterdays close ....and as i speak is up 35c (about 25%)....and appears to be very strong trading.
GBG is up from a close of 96c just under 2 weeks ago and is now in the $1.70's again! Went over its previous SP peak. Surely we have to be close to the BFS or some sort of big announcement!

 

[Frankhalo]

Will go even further north next week with a few dotted lines being signed IMO. GBG will go from explorer to producer, that’s a massive step for any Iron ore jnr on the exchange. Stay tuned, next week / month will be very bright.
What a day, $1.74 ATM

 

[s3081402]

The BFS must be very close. Up 32 cents from yesterday and already 12 mil in volume. Hold on to your hats every GBG holder we are in for a ride up to Queensland

 

[adobee]

Dam GBG is hammering forward now.. Dam Dam i was going to buy more yesterday.. big volume today as well.. I think that some people know more than us regarding forth coming announcements..

I am feeling good about this.. I am buying more!
LETS GO GBG

 

[zt3000]

From

19 Jul 2007 13:02 ! Open Briefing - Karara Project - Update and Opportunities

"The Bankable Feasibility Study for the Karara Project is scheduled for delivery in August 2007."

Well two days left in august ... interesting times ahead. I knew it was a bargain at 90c ... but noooo i was a girly girl and was chicken hahah

 

[AussiePaul72]

From

19 Jul 2007 13:02 ! Open Briefing - Karara Project - Update and Opportunities

"The Bankable Feasibility Study for the Karara Project is scheduled for delivery in August 2007."

Well two days left in august ... interesting times ahead. I knew it was a bargain at 90c ... but noooo i was a girly girl and was chicken hahah

GBG ....Go You Good Thing!!
However, won't worry me if they hold off BFS till early September ....lol ... as i have 'em as my pick in September's stock tipping competition!!

 

[zt3000]

TRADING HALT UNTIL MONDAY

Wawawewah ... the suspense is killing me .. hahah

now its a waiting game

 

[the barry]

TRADING HALT UNTIL MONDAY

Wawawewah ... the suspense is killing me .. hahah

now its a waiting game

Me too!

Lets hope its positive news about the results from Lodestone & the BFS.

Good luck to all holders!

 

[adobee]

I think that may have been played purposefully to go into a trading halt at $1.70ish....

Anyway I am happy!!

 

[zt3000]

I think that may have been played purposefully to go into a trading halt at $1.70ish....

Anyway I am happy!!

Why do you say that? Whats the advantage .. disadvantage of it going into a halt at $1.70?

 

[Pat]

Greetings from Queenstown, New Zealand. Glad to see GBG back to good levels, after holding through the tuff times this news today (news meaning i've been isolated form a PC till now and had no idea what GBG was doing) is a cherry on top. Grins all round. DJ... how's work? LOL

 

[YNKWRTNC]

Awesome day we picked would come soon.
That was some leak.
The BFS will be positive.
Wouldn't another day like that be nice at re-open?
I must admit I gave the 'refresh' button quite a workout today on the Commsec account. Each time the smile got bigger.

 

[dj_420]

Greetings from Queenstown, New Zealand. Glad to see GBG back to good levels, after holding through the tuff times this news today (news meaning i've been isolated form a PC till now and had no idea what GBG was doing) is a cherry on top. Grins all round. DJ... how's work? LOL

only working two days a week pat, so not busting out with too much effort!

check your PM's


anyways, i think there was a major leak today with GBG, it was consistantly in the top five for sells/buys due to massive volumes going through, ive never seen GBG in there before.

quite possibly the employees getting set on this one and a mates mate, and his mate and so on!

 

[zt3000]

Realistically whats a positive BFS worth to the SP of the company?

There alot of potential ore there with a good JV partner.

 

[dj_420]

Realistically whats a positive BFS worth to the SP of the company?

There alot of potential ore there with a good JV partner.

it will just be confirmation of the transition from explorer to producer

with ansteel onboard as JV partner the BFS should just be crossing the t's and dotting the i's

it will put some signatures on paper as such and start to see movement towards development (instead of just drilling programs)

 

[EZZA]

Hey Alpahbet man,

Looks like everyone aboard now BOOYA! Lucky i didn't sell down on anything.
And trading halt as well.

This has been the best news i had so far since the correction. Lets see how things pan out. GOOD NEWS i hope. hehe.

Good luck Fella's.
It's been one hell of a rollercoaster ride hey.