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GBG - Gindalbie Metals

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Re: GBG - Ginalbie Gold

MGX and GBG are both flying today...make of that what you will, but they discussed a 3 way merger with Aztec about a year ago.
 
Re: GBG - Ginalbie Gold

great last couple of days, GBG has broken through stiff resistance at 62-63 cents on increased volume.

GBG were trending in a previous trading channel, failing to close on previous breakouts.

next couple of levels of resistance will be 70 cents and then 80 cents which is longer term resistance point. i would like to see the sp get through 70 cent barrier then consolidate before attempting the 80 cent point.

GBG fundamentally also undergoing re-rating as GBG proving up more and more iron ore both magnetite and hematite. i think people are also beginning to realise potential of karara deposit and upcoming drilling program on lodestone.
 

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Re: GBG - Ginalbie Gold

Interesting article there dj.....
btw, are you techie or fundies trader?
or r u fund mgr or the big instos?
 
Re: GBG - Ginalbie Gold

j4mesa said:
Interesting article there dj.....
btw, are you techie or fundies trader?
or r u fund mgr or the big instos?
Click to expand...

lol, im just a minnow in the pond!

very very small holding!

great ann out today ansteel taking big placement in GBG, up around 10% on news, could see test of alltime highs soon.

j4mesa i try to use a bit of both analysis, fundamentally and use tech analysis to get a better entry
 
Re: GBG - Ginalbie Gold

hmmmm.......
pretty much the same with me,
for me :
for long term, i emphasize on fundies
for shorties, i use techies

Look at the price today
I think resistnce around 77-78 c maybe.....
have u seen CXM,I missed out on that. Iron ore player as well.
 
Re: GBG - Ginalbie Gold

has broken through that resistance on higher volume again.

i want to see a close over 80 cents for this one to be confirmed
 
Re: GBG - Ginalbie Gold

great day today

technically has broken right out, broken through resistance at 63-65 cents, 70 cents and then today broke through resistance at 80 cents. looking through course of sales today some fairly large transactions went through.

the last week has brought about some huge increases in volumes.

i would like to see GBG hold the 80 cents mark now, although technically there is no overhead resistance now.

fundamentally i think this are a number of reasons for GBG breaking out, more significant intersections of iron ore been discovered, hematite production to start at years end, BFS date coming up, large placement from ansteel, broker reports valuing GBG at 1.10
 

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Re: GBG - Ginalbie Gold

Another big day for GBG, volume of 4 million so just above avg, however sp put on a 13% increase for the day closing at 90 cents.

chart seems very verticle, on last breakout retraced to 76 cents and found some short term support which pushed it to close above these levels. not tested enough to be of any significance though.

i would like to see some consolidation around the mid 80's and hold that old resistance new support of 80 cents. the old resistance should be new support though broke that 80 cent level on retrace.

i would see short term downside support at 76 and 70 cents

re-rating prob has come about from broker valuations and company fundamentals.

technically breakout originally came from long pennant, narrowing in trading range until breakout when SMA and MACD crossed on volume
 

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Re: GBG - Ginalbie Gold

hey guys
what do u think of GBG's price now? too high? will it go down again? now its 0.925.

can someone do an analysis
 
Re: GBG - Ginalbie Gold

well people still buying up GBG on good volume. all ords down 100 points and GBG up 5%.

obviously GBG sp was lagging when compared to other iron ore peers.

on the GBG website broker valuations are up to 1.10, so not sure where the sp will go from here. im thinking about topping up before we break $1.
 
Re: GBG - Ginalbie Gold

surprised to see the price is going up in a red sea today.......
hmmmmmm....will be looking on Tuesday on how it goes.....
 
Re: GBG - Ginalbie Gold

rumour is we have an upgrade coming for hematite resource. this would be expected soon anyway, they have been drilling out area for quite a while now and current JORC stands at 15 mt of hematite.

should be drilling on lodestone this month to assuming no hiccups.
 
Re: GBG - Ginalbie Gold

it is up around 17% today.........
,still hardly anyone in the forum is talking about it........
maybe they just don't like iron ores explorers too much
 
Re: GBG - Ginalbie Gold

lol j4mesa

it looks like its just you and me!

not sure why no-one is one this one? hematite resource upgrade coming and lodestone drilling, feasibility study in aug all happening on GBG front. wish i picked them for stock comp!
 
Re: GBG - Ginalbie Gold

No dj 420I have been watching and holding them them for some time now.I have always thought with their proximity to the coast (Geraldton) the resources they held,and a good management team they were under valued.I have said before they remind me of where Murchison Metals were a while back and if they go the same way I will be very happy as I hold them as well When they put off the feasability study till August a few people worried but as they hinted at the time "no point in doing a feasability study if the resource is going to be upgraded" which would make it unreliable to go forward on. We are now looking at the feasability study completed,a resource upgrade as well as having tons on a ship all in the second half of this year. Not to mention Ansteel getting on board by taking a 13% stake. Not ramping but it is hard for me to see a down side short term. But I am an amature R&R
 
Re: GBG - Ginalbie Gold

dj_420 said:
lol j4mesa

it looks like its just you and me!

not sure why no-one is one this one? hematite resource upgrade coming and lodestone drilling, feasibility study in aug all happening on GBG front. wish i picked them for stock comp!
Click to expand...


You have been a busy little poster on this thread DJ .

Youre not alone on this one, I jumped aboard shortly after March's correction, been away o/seas so havent posted of late.
 
Re: GBG - Ginalbie Gold

lol, thought it was just me and j4mesa on them, holders are now coming out of the woodwork.

these guys look great, cant wait till the drill bit hits lodestone!
 
Re: GBG - Ginalbie Gold

Im looking closely at GBG to invest quite heavily in noticed it has been on a fairly decent run of late, closing round $1.14ish today. Starting to think i may have missed the boat on this one!! Any opinions from someone who knows how to read the charts? Im hoping for a slight downward trend so i can get in round the $1.05 mark
 
Re: GBG - Ginalbie Gold

Isn't gbg gindalbie metals? Either way this stock looks great, at least the code gbg does, whatever you want to call it.
 
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