IBG 0.00% 0.3¢ ironbark zinc ltd

I am not sure of the ASX rules but after acquiring a certain...

  1. 1,218 Posts.
    I am not sure of the ASX rules but after acquiring a certain controlling stake in a company, the final shares can be bought out at compulsarily. The holder has no option. Nystar will need to bid a reasonable amount to gain control but with a fight from another party wanting to seize the Zinc resource in Greenland, the share price could have zoomed north of a dollar. That fight will never happen now. That is my point. I think management of Ironbark have not acted in my best interests to date.
    And I do think IBG is a buy because even if the takeover is at 35c then that is near 100% gain? What else would you mark a stock at that will return of 100% in the current market, Dynamo, even if it takes 2 years to achieve? BHP wont give that return is all your dreams.
 
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