IBG 0.00% 0.3¢ ironbark zinc ltd

Ann: Citronen Project and Financing Update, page-72

  1. 1,420 Posts.
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    Don't worry about footy. Put him on ignore. Anyone can snipe at people who try. It takes no skill or courage, and therefore they are best ignored.

    To state the obvious, if you decided to hold, it means being patient. The mkt cap is very low, so the upside remains. There's just a lower chance of achieving that upside within a reasonable timeframe, making the risk/reward ratio too poor for me. But I've been wrong before. Putting aside opportunity cost, the main risk in holding, IMHO, is if they start drilling again. The dilution from such a program would make current holders' shares worthless. The fact he implied more drilling was an option is one of the reasons I sold. It shows a lack of insight.
 
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