Yep, pretty much as expected - the world has moved on from the COVID period esp. financing - there was no point keeping EXIM going, we missed the boat plus current Zinc oversupply and forecasted oversupply over the coming years is likely to drag on prices further and create a large overhang. Next news on Citroenen will be a divestment announcement for peanuts versus capital spend.
Next, IBG into Lithium right when Lithium is bottoming out in terms of pricing (also oversupply for the next year or so atleast) - jeez what a move at the wrong time -> Gold may have been a better option.
Question, if we aren't doing anything or have zero intention of doing anything with Captains Flat or Fiery Creek why aren't they being optioned out?
IBG Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
