I have to agree with your insight gself, unfortunately the world is in a terrible state where the saying, "THE STIMULUS IS THE ECONOMY" holds true and is unsustainable.
In saying that I do believe if management were to be prudent in there acquisition they could hedge against such turmoil by utilising the 50m note deal and acquiring a solid gold asset or at least one that has a good percentage,then we can at least be somewhat safe guarded against the inevitable.
I also believe that Bedford resources exiting there 4.2% holding has a lot to do with the SP performance.
An interesting read for those with a strong stomach
http://www.mining.com/web/the-stimulus-trap/
- Forums
- ASX - By Stock
- IBG
- ibg years off developing a mine
ibg years off developing a mine, page-14
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBG (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.077M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $10.85K | 3.742M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 22484136 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 31055361 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 22484136 | 0.002 |
6 | 14299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 31055361 | 21 |
0.005 | 2500000 | 4 |
0.006 | 4800000 | 2 |
0.007 | 715300 | 3 |
0.008 | 5606448 | 4 |
Last trade - 15.35pm 26/07/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |