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GBG - Gindalbie Metals

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This week will be a big top for me, another 10,000 shares or so, lets hope it drops a little so it doesn't cost an arm and a leg. Looking foward to the next 6 -8 weeks with up and coming news releases, I believe we should start to see GBG really shine and be noticed as a solid mid-tier player in the iron ore resource sector, and in many respects it already is. Hope you all have another good week with the old GBG , the last 2 weeks have been brillant.

Regards

Frank
 


Am hoping the stock will consolidate around these levels. Future looks great for this one, but the lack of news till august could see this one drop back a little in the mean time. Definately won't be selling my holding, but will top up more if it gets back to the 1.30 mark.

happy hunting
 
dont worry, by august when the news come out it will be $2.50 as per Macquarie Bank's forecast from last month!

Anyway, this stock is good to hold long term too, long term forecast around $10.
 
imaginator said:
dont worry, by august when the news come out it will be $2.50 as per Macquarie Bank's forecast from last month!

Anyway, this stock is good to hold long term too, long term forecast around $10.
Click to expand...

With the plans that GBG has with the hematite and magnatite ore body expansion, in particular lodestone, this stock could well go over your $10 quite easily within 2-3 years. The report out today indicates they are targeting an estimated 2 billion tonnes of ore and have clearly stated this will place GBG alongside the larger producers in Australia.

In reading the report today the BFS is now laydown majeure to be approved.

The $2.50 forecast of Macquarie Bank is now very conservative IMO.

I have followed the chairmans movements closely since before Portman Mining and researched his background since his days in the ANZ bank as a Manager in major business lending through to his foray into private equity finance and on to Portman. He is no slouch, an excellent financier, highly regarded in business and banking and he is doing this because he loves what he does and he is good at it. I also followed him into MUN and SDL, another good move for me. His success at Portman was unsurpassed, GBG, MUN and SDL will add to his credits as him being one of the best. Hardworking and success breeding success and he surrounds himself with successful people.

Look for expansion plans in your ongoing research, IMO this is on the cards for the future.
 
imaginator said:
dont worry, by august when the news come out it will be $2.50 as per Macquarie Bank's forecast from last month!

Anyway, this stock is good to hold long term too, long term forecast around $10.
Click to expand...

Who's worried?

I wouldn't be complaining if it did reach this, but do you have a link for the Mac Bank forecast? I remember the moderating asking you to post the link last time.

I'll just be happy if it can get above and then hold above the $1.50 resistance tomorrow. Looking forward to the end of August, which will probably see the sp going up before the release of the BFS and just as likely people taking profits and a drop on the release.
 

This is my best investor stock position & I expect that it will be every bid as good as what everyone is saying. I cannot find any negative press anywhere and fully expect it to match JBM and even ZFX, albeit given a little more time than what ZFX took. I for one will be averaging up along the way and am about to take my 4th stake in it with no thoughts of a sell in the future.
 
I agree with greenfs, got 45,000 shares in GBG now and am going to hold out till at lease $25 to $30 to sell. 5 to 7 years isnt that long to wait for a
$1,350,000 hit in the old bank account. GBG has got the right stuff to do this, best share I've held for the last 18 months for sure and the next 18 months looks bright. Now on the other hand theres this dodgy mob RRS which I cant wait to unload as soon as I break even.

Good luck in the coming weeks with this one, it looks damm good.

Regards

Frank
 
This Is GBG's chart at close yesterday. Looks like the SP wants some more lovin of the top bollinger band. Lets hope it stays this way and GBG continues it's run. Cheers all round
 

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This stock is a beauty i need cash soon so got to sell it if it goes over $2. Should be good over the next few weeks.
 
At least hold till the BFS and the Lodestone drilling results, rather than $2.00 you maybe looking at a whole lot more. Aug / Sept are going to be two killer months with the old GBG, this is one of the best shares I've held for over 20 months and it gets better, and the best is still to come.

Regards

Frank
 
Lol ok then we just wait and see how much it goes up. I need money in the next few months that the problem.
 
I think we'll both be very happy come Sept, $4 to $5 per spare isnt that far fetched should both mentioned reports be winners.

Goodluck to all holding this one, looks very bright.
 
Yeap at least hang on until the end of August when the BFS comes out and even after that it's going to be a great long term share.

Nice break of the $1.50 resistance today, hopefully this becomes support at this level. The Fibonacci Projection on the attached chart might indicate some of the resistance levels on the way up.

The bounce on the MACD was a further signal to buy.
 

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Western Australia's Treasurer wrote this week to Midwest Corp. to cancel its approval to build a A$2 billion port and rail project at Oakajee. It instead supports the rival proposal backed by MMX.

Midwest and Yilgarn are partners on this infrastructure project. I recall Gindalbie supports Yilgarn's proposal several weeks ago.

Any impacts on GBG's long-term ability to shipout it's products effectively?


http://www.bloomberg.com/apps/news?pid=20601081&sid=aVtw2KHFBVs0&refer=australia
 
Geraldton Iron Ore Alliance
Murchison Metals is one of the founding members of the Geraldton Iron Ore Alliance. Alongside Midwest Corporation and Gindalbie Metals, the Geraldton Iron Ore Alliance has been formed to unlock the full potential of the Mid West iron ore province, Australia’s fastest growing iron ore province.

The three initial members have agreed to cooperate to facilitate the development of the iron ore industry in the Geraldton area, which could be producing 50 to 60 million tonnes per annum of iron ore and carbon steel related minerals and products within a decade.

Former Western Australian State Development Minister, Clive Brown, is the independent Chairman of the Geraldton Iron Ore Alliance.

The foundation members have agreed that the alliance will, inter alia:

liaise with governments, industry groups, non government organisations and community groups, particularly relevant departments and agencies of the Western Australian Government, the Western Australian Chamber of Minerals and Energy and the Association of Mining and Exploration Companies on key issues of infrastructure, regional development and community relations;
promote the development of appropriate common user and other infrastructure and work closely with all stakeholders in the region to optimise the utilisation of existing infrastructure;
work closely and cooperatively with the Geraldton Port Authority and other stakeholders to enhance the efficiency and capacity of the port; and
liaise with community groups and stakeholders including Government agencies to address issues arising from the expansion of the iron ore industry.

This is from MMX site, I have no doubt they will work together in the development of services to benefit the region they share.
 
Murchison Will Give Rival Exports Access to Port

By Tan Hwee Ann

July 20 (Bloomberg) -- Murchison Metals Ltd., planning a A$3 billion ($2.6 billion) iron ore project in Western Australia, will open its port and railroad to all producers, after the state government moved to block a rival development.


The tenders for rail and port are still to be decided and backed by our WA friends in power. At the end of the day which ever group wins the rights to build rail, road and ports all players in the region will benefit.
 

Is Murchison legally obliged to open its port to other producers?

What if they said "No, sorry the port can only just about handle our own produce"
 
Thanks for that post Frank- the infrastructure development dealings are becoming a little hard to follow and I had been searching this morning for something like that in your post which explains the current situation.
I already hold GBG but was wondering why the sudden spike in MIS over Thursday and Friday. Maybe the news in your post is the reason.
 

MMX (nor anyone else) will not have exclusive rights to this port/rail/road facility, nor will any others will have exclusive rights to the Geraldton Port upgrade now in progress.

The upgrades will benefit all miners and other users in the midwest region.

Time to buy property in one of the best coastal locations in the country.
 
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