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.
- Forums
- ASX - By Stock
- IBG
- Now it's the time
Now it's the time, page-30
Featured News
NVA
Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
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¢ | $9.084K | 3.027M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1222416 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 36055661 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1222416 | 0.003 |
19 | 22684136 | 0.002 |
6 | 14299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 36055661 | 23 |
0.005 | 2500000 | 4 |
0.006 | 5000000 | 3 |
0.007 | 715300 | 3 |
0.008 | 606448 | 3 |
Last trade - 15.37pm 29/07/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |