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12.5% 0.4¢ ironbark zinc ltd

Ann: Agreement with China Non Ferrous, page-36

  1. Yeatesy
    1,244 Posts.
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    25/01/17
    13:42
    Post #: 22133354
    Hi mdcha,

    Have a look at the announcement on 14/10/2011

    http://ironbark.gl/investor-centre/asx-announcements/2011-2/

    The Glencore facility is there to use if IBG sees fit, however the issue is that it is tied to another 20% offtake. Glencore have already agreed to it, but my view is IBG doesn't need/want to use it at this stage as it would mean they would only have 10% of unallocated offtake left to negotiate with.

    In regard to your comments about China needing to make a move into this space....i fully agree!

    Yeatesy
    IBG Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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