Ann: Change of Director's Interest Notice, page-17

@Upmarket
Not over thinking. IBG from history when they have issues always delayed what the market has been expecting. I remember the time when the hotly anticipated DFS took years to be approved simply because the project economics could not work on the Zinc price at the time.

The contents of the current 'pump' are just opinions giving the impression a lot of developments are happening in the background. JD have been marketing this 500M project for probably a decade then when the SP was at an all time low with another round of dilution required decided that a slim down version is the way forward. Why the change of enthusiasm?

From memory the previous CR was 6C and we had a few pumps before the inevitable dilution with Danny also buying and declaring the Sub notices. Insto only at the time and ST paper gain which presumably 'money for jam' freebie.

@Yeatesy
Logical explanation based on the creep regulation? Glencore hold all the cards from a decade long off take of production so I am not sure a Hotelier has the capacity to move this potential into funding/development stage without Glencore being a Zinc marketer/producer involved. I have wondered for many years why Glencore never aided in the funding/development like they did wit their Zambian Jv junior partner. No doubt they themselves went through their cash flow issues with over exposure to Zinc commodity when the prices were weak. My suspicion still goes back to around GFC period.

There is a fundamental reason there are not being proactive and some other poster did mention that they maintain the tap on supply depending on the Zinc prices. Could be a clue here. Subject to the performance of the SP post raising, I will remain skeptical that we are in the pump stage to maintain a good discount of market price to SPP to ensure a good take up.

There are better fish to fry currently judging on the history in a risk reward perspective.