Isn't it the right time to buy when the price is under 5c? I do think BGD have a lot potential to offer.
"the gladstone project is proposed to be developed in two stages with the initial export of 2.1 million tonnes per annum of steel product in late 2012 increasing to 5 million tonnes per annum in the second stage."
"This proposed steel making facility has the potential to create 1500 construction and 1150 long term jobs in Gladstone. There is also the potential for 1800 jobs to be generated throughout the Central Queensland economy for services to support the project. This project would generate a new industry base in Central Queensland and improve the skill base of the labor pool."
cheers
BGD Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held