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Glencore owns about 12% of Ironbark Zinc (IBG) I think and they...

  1. jiantan86
    286 Posts.
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    07/11/12
    20:53
    Post #: 10970119
    Glencore owns about 12% of Ironbark Zinc (IBG) I think and they have a director (David Kelly) on the Board.

    They provided a US $50 million funding facility (convertible notes) for Ironbark to pursue acquisitions. Glencore in return received off-take and marketing agreements from IBG (in addition to an even greater share of the company if the convertible notes are exercised).
    YTC Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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