Australia's largest stock trading and investment forum Australia's #1 stock forum

IBG

50.0%

0.3¢ ironbark zinc ltd

I believe construction will start this northern summer. JD...

First 106 Last

Share
Profile

Follow
Plucker

1,071 Posts.

75

09/01/18

07:23

Post #: 30145187
Share

Originally posted by Patron ↑

I wish I had more money to top up at this price, from my point of view the whole point of investing in IBG is it's woefully undervalued and will be re-rated as milestones are reached. My time frame was always going to be several years, everyone's time frame will be different.

The guidance on finance timing was missed, last I heard JD is now reluctant to give guidance on this. But it's all still in train, I'm guessing that it's probably months away, 3, 6, 9? Everyone just needs to take a cold shower, it's still coming. When finance advisors are appointed we'll know it's closer.

Zn price isn't going to top out until later in 2019 in my view, plenty of time to get the finance sorted. Also in the bigger picture it doesn't matter too much if construction starts this northern summer or the next, because it's always going to be a couple year's construction and by then Zn price will be probably returning to normal levels. But with the long mine life, large production and where we sit down on the cost curve the project will be minting lots of money whatever point on the cycle production begins. Of course I have no real knowledge about the timing of any of these things, just my guesses.

There's been chatter of a CR, which makes sense given the finance delay. It could give us a share price bump when we're ex-CR so those who want to get out can do so at a higher price than today. Coverage by Patersons, the Ge announcement, Director's taking salary in shares, all suggest a CR and the share price bump are coming soon.

Expand

I believe construction will start this northern summer. JD indicated at the AGM that he has contingency plan for partial funding if full funding is not forthcoming by then.

IBG Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

BUX

Buxton projects new graphite province discovery at WA Narryer play

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 22 more messages in this thread...

First 106 Last

Add IBG (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.001(50.0%)		Mkt cap ! $5.500M

Open	High	Low	Value	Volume
0.2¢	0.4¢	0.2¢	$18.36K	6.397M

Buyers (Bids)

No.	Vol.	Price($)
4	4577362	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	31208333	9

View Market Depth

No.	Vol.	Price($)
4	4577362	0.003
36	41987154	0.002
13	13549988	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	31208333	9
0.005	8600172	6
0.006	1250330	3
0.007	765300	4
0.008	731448	4

Last trade - 15.59pm 04/10/2024 (20 minute delay)

IBG (ASX) Chart

I believe construction will start this northern summer. JD...

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I believe construction will start this northern summer. JD...

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News