IBG 0.00% 0.3¢ ironbark zinc ltd

I can see your point, I respect that.... but there are also...

  1. 12,638 Posts.
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    I can see your point, I respect that.... but there are also positive questions to be asked...

    When Nyrstar & Glencore became holders between 2009-2012, zinc price were floating around $0.9/lb (up/down). If they know that the mine wouldn't be profitable, 7 things would have happened, but it did not.

    1) Nyrstar would not became a major 19.9% holder in 2009 & obsessed paying all her toyboy DFS until completion.
    2) Nyrstar would not add another 6.6% holding to 26% holder in 2010 (that's Gekko greed is good) to get more offtake.
    3) Glencore would not become a major 11% holder in 2010-2011.
    4) Glencore would not entice IBG with $50 mil for extra Gekko offtake.
    5) L1 consist of (National, Citigroup, JP Morgan, Credit Suisse, State Street) would not be interested in joining IBG. These are pro investors who are much smarter & wealthier than all HC posters)
    6) Since negative commodities sentiments in the past 18 mths, which also slaughtered IBG sp, none of the major IBG holders (Glencore, Nyrstar, L1, etc) dumped the stocked. L1 did, just a small amount.
    7) China would not be so obssed with the arctic, by sending its Premier to denmark in 2012 & China development bank/NFC to greenland in 2013.

    Worth a punt to become mr Gekko??? Heck yessss.... Based on those 7 things. Trust me on this, these millionaires from nyrstar, glencore, jp morgan, etc.... Are much smarter than ordinary HC posters here. Thats how they make millions to invest millions to make millions. Sorry, too complicated to explain..... There are lots of junior miners prospecting in rubbish 3rd world that has unknown major holders like chancong hanglow 20%, mrs khan 15%, endeavour pty 30%, Now, that is crap, rubbish & risky. Cheers...

    Ps: When its still goes up buy.
 
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