the advantage with GBG now is that the downside in terms of sp is just 2.4c... the sp cannot go below this...
of course, we lose the shirt off our backs if that happens but all that could go wrong has almost been factored in here and that is why this is up 0.1c today when FMG is down 10%.... this cannot go any lower based on the negativity of the general mining sector and IO in particular.... we are at the lowest rung of the ladder unfortunately....
BTW, that chart is a very textbook one depicting the 7 year cyclical nature of the resource sector... impressive....
GBG Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
