are not the Chinese (NFC) prepared to loan 70% at 2% + LIBOR?
i had a buy order in 10.5 during tax loss selling week, where it bottomed at 13
personally, i am not overly compelled by this stock, unlike Glencore, who seem to have lent $50m with a conversion price of A$0.42 for the first US$30 million and A$0.50 for the next US$20 million
my own spreadsheets find, on a PE ratio of 8, IBG need to be in full production & zinc must be $95/lb for the share price to reach 50 cents
$1/lb to reach 60 cents; $1.10/lb to reach 75 cents
i personally do not see a compelling risk/reward with IBG
i would try to buy up to 12.5 cents if i believe the project is a goer; wait for a down/crash day in the market
based on all of the industry support for this project, with NFC, Glencore, Nyrstar & others involved, the impression is the project will be a starter (otherwise they lose their $$, including Nyrstar who i recall bought in at 35 cents)
however, the general zinc sentiment appears to have become bearish again, despite the often bullish forecasts, which never come to fruition
for me, the only compelling reason to buy this stock is the major shareholders on the register
apart from that, as i said, the risk reward is not compelling
imo, zinc needs to be $1/lb+ for project to be a goer
sorry, although Glencore, Nyrstar, etc, are in the industry, i struggle to see eye to eye with them
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $5.077M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.118K | 372.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 23122250 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 17310509 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 23122250 | 0.003 |
19 | 13955034 | 0.002 |
6 | 8299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 17310509 | 11 |
0.005 | 5355996 | 10 |
0.006 | 4700000 | 1 |
0.007 | 715300 | 3 |
0.008 | 606448 | 3 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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