Big news.
Nyrstar clearly has IBG in its sights now and has made it clear that at bare minimum it values the SP at 45c which will be the new base, up 300%.
Agree that IBG is definately a takeover target for 2010.
It now owns 30% and the 2010 drilling program plus the bankable feasibility study will now be fully funded adding to IBG's existing $10m spare cash.
Have a look at the chart back in 07 between Mar->June to get an idea of where this is heading. UP.
worlds largest zinc miner pays 300% premium , page-2
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $14.53K | 4.844M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6764885 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 28302738 | 15 |
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| Last trade - 13.59pm 12/09/2024 (20 minute delay) ? |
| IBG (ASX) Chart |