IBG 0.00% 0.3¢ ironbark zinc ltd

zinc price - up again, page-78

  1. 742 Posts.
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    Has anybody had any recent correspondance with management in regards to exploitation mine application ?

    The last time i spoke to them they indicated it would be in a matter of weeks, that was several weeks ago.We need something as it appears the buyer is exhausted.

    The mega short on zinc is also a handbrake on the recent momentum.

    "Which brings us back to that March short.

    At 30-40 percent of market open interest (as of Monday's close), it is a mega position, equivalent to between 518,000 and 691,000 tonnes.

    It has been there for many weeks and, as this month's prime prompt date of March 19 moves closer, shows no sign of shifting"


    http://uk.reuters.com/article/2014/03/05/column-home-zinc-idUKL6N0M22ZH20140305
 
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