After we get the ML I would expect one or the other of the major shareholders to make a bid for full control. Either Nyrstar as world's biggest zinc ingot producer but short of ore of its own. Think they own 23% of IBG. Or glencore which has a sizeable holding. Or Chinese. Or Trafigura which has a significant holding in Nyrstar and trade metals plus have deep pockets. Either way I reckon IBG will be taken out of the equation. And we pick up a nice profit for our patience.
IBG price, page-52
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $4.584M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.357K | 452.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 31553972 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2447564 | 4 |
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| Last trade - 10.56am 01/10/2024 (20 minute delay) ? |
| IBG (ASX) Chart |