IBG 0.00% 0.3¢ ironbark zinc ltd

Will it ever get built?, page-50

  1. 3,554 Posts.
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    I'm going to go out on a limb and say this will never ever get built. Simple reasons as to why this is too.

    Glencore, one of the major investors recently scuttled a 500,000 tonne PA mine so that they could control prices
    Glencore, one of the major investors has also just recently spent around 500M to buy a stake in a Zinc mine in Peru...perhaps also to control prices and supply of Zinc.
    Glencore could have if they wanted to have got this mine running at any point over the past 10 years but have chosen not to...

    If I'm wrong...and they do end up pushing ahead...then just buy when that occurs...there'll still be plenty of upside....but if they delay again building this...then the price will get smoked...I just don't see why you'd bother taking a punt on this stock...
 
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