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Plucker

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09/01/18

07:24

Post #: 30145202
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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.

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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
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $6.770M

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Hang in there..., page-107

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Hang in there..., page-107

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