IBG 12.5% 0.4¢ ironbark zinc ltd

notice received, page-37

  1. 261 Posts.
    lightbulb Created with Sketch. 11
    The reason I mention it this way is because the same sort of thing happened with NTU.
    The price was suffering, it started to move in an upward direction. Management signed an agreement to sell part off to Chinese for 14.5 cents. Very bad news for all holders.
    It gave the company a bit of profile, the price kept going up. Needless to say the deal with the Chinese fell through so they did a share issue to investors at 16 cents when the share price was around thirty. It's currently at 35 cents after hitting a high of 49 cents.
    Basically I am saying the exposure help the share price rally.
 
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