GBG 0.00% 2.9¢ gindalbie metals ltd

.....as cheap as it looks??

  1. 1,200 Posts.
    I've made a very rushed decision to add another gold stock to my significant slice of CRS........and came up with gbg. I wanted a stock not overextended technically (just broken resistance yesterday....not ages ago) and one with good fundamentals. It has forecast a 6.5 mill profit for this fin year with about 80 mill shares on issue...........EPS of around 8c and therefore at my price today of 29c (just a min ago) on e PER of around 3.5. 50% of sales made at spot.

    Can anyone please find fault with my reasoning here?? any opinions appreciated. Any further good points on this stock that I can hang my hat on also appreciated.

    BTW I passed on RSG as I reckon if they can't find anything to do with their cash then growth potential has to be limited. Still watching RBK.........may wait for an all time high just to see if it can do it.
 
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