Given that we have broken through the 6c floor on the charts today for the first time in a while, and the next stop seems to be 4c, what would be the impact of an announcement within the next 6 months in that environment.
The environment I am betting on is a stabilising zinc price (happening already), other competitors appearing (already), increasingly volatile and falling sharemarket (already and plenty of other evidence to support future volatility), and a decreasing to stabilising IBG share price. My gut feel is a muted rally (given that it will still be a low cap non producer in uncertain times), and with a base around the 4c mark, then maybe a rally to 8-12c ?
Life from 4c ?
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $7.172M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $3.019K | 697.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10523624 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 604582 | 3 |
View Market Depth
| Last trade - 10.59am 03/05/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
0.001 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 2550000 | ||
| Last updated 10.55am 03/05/2024 ? | |||||
| IBG (ASX) Chart |