IBG 0.00% 0.4¢ ironbark zinc ltd

I worked in the galvanizing industry for many years. Our...

  1. 280 Posts.
    lightbulb Created with Sketch. 17
    I worked in the galvanizing industry for many years. Our consumption was something like 7 ton a day x 6 days, the other day was drossing (cleansing as to speak) and that was 16 ton every two weeks. So for a fortnight: 42+42+16=100× 25 fortnight (2 weeks closed a year for Xmas) =2500 ton.
    This was 1 company of 4 in a small city of Perth. Alot of pre galv'd products came in from china for the industry.
    On top of that we sold to a company our dross product who then sent it to India to be recycled. That this was feasible surprised me until I researched consumption compared to existing production compared to new planned production.
    My research lead me to IBG.
    Why?
    Operation planned for a secure country.
    The country has less than 60k of people who are proactive to develop.
    The project is coastal (wharf required but no rail etc)
    The shipping window was a concern but they will stockpile for forward sales. I have a position in PLS and they very much stockpile till they have a ship load, kind of similar.
    There are more but you gotta do some research .....
 
watchlist Created with Sketch. Add IBG (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $6.375M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $5.542K 1.385M

Buyers (Bids)

No. Vol. Price($)
6 1334435 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 6504982 11
View Market Depth
Last trade - 15.50pm 14/06/2024 (20 minute delay) ?
IBG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.