Agree dj that this puppy has potential - very strong board and management post merger! Also suggest TRO is the better entry vehicle given the share price differential and the 1 for 2.33 shares ratio upon merger.
I have mostly IBG but also some of these for the reason you outlined.
Believe Citronen site is not such an issue - did you see my recent post re any doubts on China Nonferrous capability and intent re their 50% acquisition of the zinc project in remote Siberia? Think the biggest issue is that capex of $450M requires a lot of confidence with the long term zinc price. Expect by this time next year that will be sorted
HRR Price at posting:
15.0¢ Sentiment: None Disclosure: Unspecified