1bacchus,
Falling Zinc price! Have a look at all the zinc miners, classic example Oz minerals, darling when Zinc prices were hitting the roof in the form of Zinifex and where it is today. Just burnt off $1Billion of cash and they are now begging at the syndicate of bank's doorstep!
IBG has 2 important shareholder, Glencore and Standard Charted bank. If what I heard has any truth the company will be continuing with the drilling prtogram at their world class tenement in Greenland. Their drilling results of late suggest that it is a world class resource and not just a brag. Either managemnt has big bollocks or I suspect their big shareholders are comfortable with this approach. I tend to agree with the later.
I was in it for the long haul and it hasn't changed.
AJ
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| Open | High | Low | Value | Volume |
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