IBG 33.3% 0.4¢ ironbark zinc ltd

Going to need a capital raise soon, running out of cash. In my...

  1. 111 Posts.
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    Going to need a capital raise soon, running out of cash. In my opinion the announcement doesn't do a good job in explaining why expectations for achieving FID in 2022 has changed. Is it just EXIM blowing out their timelines? Have other potential equity investors fallen through such that we need to consider "additional pathways". Were EXIM and other equity partners disappointed with what they saw during the site visit such that "much could be achieved in the field in the next year or two to further enhance the investment case". In any case, it's disappointing that shareholders are left to guess here.


 
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