IBG 0.00% 0.4¢ ironbark zinc ltd

l1 capital continues to increase stake, page-11

  1. 1,326 Posts.
    So, sun help me understand this. Someone (most likely L1) is continuing to accumulate but who (and why) would there be someone else dumping their stock? It's obviously the same person doing the selling.

    Not to cross promote but I have mentioned the WLF DFS a few times on this stock purely as it's made up of the same board of directors and IBG used to hold a lot of Wolf shares.

    The DFS was far from what people expected and from the high of .54cents it has dropped back to high 30s/0.40 cents.

    Could this seller know something we don't? The announcement rhetoric between the two companies has been the same with both experiencing delays. I worry that the delays are down to the fact that their 'figures' are not what they initially thought. At least that was the case with WLF.

    I dumped all my WLF and have moved it over to IBG. I hope it was the right thing to do.
 
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