Maybe if you go back 7 years you will see my post there. Basically nothing much has changed to the potential all that time apart from the run down of LME zinc stocks this year. If the Chinese economy is such a big influence on the Zinc consumption, I did not see any growth in demand all that time when the IO/coal were reaching the heavens in the past. Clear divergence to Chinese growth if you look at the Zinc stockpile on the past until this year.
Given a fact that the chart shows a breakout through 8.5C and held but this stock has a lot of hurdles to and not plain sailing from here. I would not bank on Glencore getting desperate to push for mining development asap given that they already have exposure in their recent commission mine in Zambia.
I am not downramping, merely pointing out the risks going forward. Good luck with the investments.
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $5.500M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.612K | 544.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 19654995 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 5731115 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 19654995 | 0.002 |
12 | 12600487 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 5731115 | 10 |
0.004 | 33681459 | 20 |
0.005 | 2500000 | 4 |
0.006 | 100000 | 1 |
0.007 | 715300 | 3 |
Last trade - 13.07pm 04/09/2024 (20 minute delay) ? |
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IBG (ASX) Chart |