IBG

12.5%

0.4¢ ironbark zinc ltd

Ann: Agreement with China Non Ferrous, page-33

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25/01/17

13:26

Post #: 22132844
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Originally posted by mdcha1 ↑

Thanks for not attacking me. Not disheartened about the share price or anything about this stock. As I have stated, I'm in very deep for me and I'm quite happy to patiently wait for the long ride and hopefully gains. I believe Nyrstar would gladly sell for the right price as they have stated they are selling their mining stakes. I am however still very worried about the potential for Glencore to delay this project.

Glencore was producing zinc at 55c (2016) and they deemed this figure too high(way over our 84c less lower oil prices plus royalty payments). So they closed down and reduced output operations globally as we all know. With a significant increase in the price of zinc resulting. I estimate the effect of this is from their annual production times the increase in zinc prices to be an increase of over $600 million in profit per year! Why would they then PAY/MAKE AVAILABLE a further 50 million to us, to reduce their profit! That doesn't make sense to me. And for having these thoughts, you and Quasar81 say I talk crap, I'm stupid, have alternatives motives or am other previous writers under a different name. I'm not a newbie at all. So you two rude people please don't comment on my posts, as we know your views on me.

I do however believe the Chinese will be forced to intervene in this project. Glencore's strategies will cost them billions. As pollution controls, lower grades and closing of unprofitable mines in China takes its toll. We all know the zinc story and if Trump spends half as much much as stated, Zinc could spike higher like a decade ago. It is in China's national interest to step into a potential big mine (resource unknown at this stage). I just hope it's in a couple of years.

I know people think Glencore are great, if so, please elaborate to alleviate my anxiety about them.

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I don't think Glencore are great. They are very sharp traders.
(This means you need to count your fingers whenever you shake hands with them.)

IBG Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
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Last 0.4¢		Change -0.001(12.5%)		Mkt cap ! $5.924M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$10.50K	3.001M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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Ann: Agreement with China Non Ferrous, page-33

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Ann: Agreement with China Non Ferrous, page-33

Top Stories

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

Featured News

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Sellers (Offers)

Featured News