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0.5¢ ironbark zinc ltd

I would say, selling the project completely would be the...

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larrygerry

1,005 Posts.

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11/08/22

13:41

Post #: 63056757
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Originally posted by kevin103: ↑

There in lies the ambiguity with this update.

Is it a reset that IBG are no longer looking at developing this as a part owner in Citronen?

And the reset points to them wanting to sell out completely or is the reset just pointing to extending the FID sign off by another 12 months

To have to build more "value" into Citronen after 15 years of work there - that is just comical

The update touched on wanting to build on the capacity of Citronen to host a longer field season - that would involve greater on site infrastructure like power generation, heating and water processing and expanding the current camp size. But isn't that what the Citronen project funding is meant to support?

They would need more funding to do that one would think.

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I would say, selling the project completely would be the objective now.

To re-finance from this point would be totally non productive.

The question for the investor, is more about, the patience you have?

I sold out for a small loss this morning and rolled the proceeds into another investment. No emotion, just a calculated choice.

For the ones still holding, I wish you all the best and hopefully the plan B is executed.

IBG Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $7.969M

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