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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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.077M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.72K | 573.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 21717489 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 24688407 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 21717489 | 0.003 |
17 | 13286146 | 0.002 |
7 | 8299990 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 24688407 | 17 |
0.005 | 6600330 | 6 |
0.006 | 4700000 | 1 |
0.007 | 715300 | 3 |
0.008 | 606448 | 3 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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