IBG 0.00% 0.3¢ ironbark zinc ltd

Greenland Day, page-11

  1. 2,399 Posts.
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    One thing he said was that Nyrstar are very important to their future - he was not as strongly positive about Glencore.


    In any event, there is no competitive pressure on IBG shares at all. The buy side goes from 8m a few weeks ago, down to 4m a week ago, and now sits at 2.8,, while the share price slides gently and slowly towards a destination below 3c.


    The video of Jonathan helped round out my perspective - not having met or spoken with him.

    His presentation came across as tired, which I find easy to understand. While they have made fantastic progress on the project over 10 years - strong on the planning and preparation front - yet they remain the plaything of forces much larger than themselves, and funding remains elusive a couple of months after taking investors on the field trip.

    I'm wondering whether Jonathan is able to negotiate and close the finance deal - it seems like there are obstacles hidden from the market's view (maybe Nyrstar has a non dilute clause - but is unwilling to stump up the money to retain their position - so they have an effective veto until their debt levels are more manageable??. Suggest other possibilities please ) .

    As it stands....

    Cutfield effect on market price trajectory currently = 0

    Board effect currently not obvious.

 
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