IBG 25.0% 0.3¢ ironbark zinc ltd

I hold and have for a while but my opinion on the recent todays...

  1. 2,656 Posts.
    I hold and have for a while but my opinion on the recent todays selldown on such good news is because they may do a placment with only $9m in cash.

    This will require a billion $ Capex, most of which will obviosly come from another major or if the SP gets much higher they may fund a larger percentage themselves.

    I am not downramping as i am a holder, but i have seen this too often.

    I have no idea on a Placement price, but cant imagine it being any lower than 20c. May be a small one for a special purpose.

    Obviously i could be way off the mark.
 
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