IBG 0.00% 0.4¢ ironbark zinc ltd

Thanks for that. I also found these comments interesting: “The...

  1. 1,066 Posts.
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    Thanks for that. I also found these comments interesting:
    The appetite for zinc in Australia is just not there, which I find extraordinary,” Gauci said.
    “Seeing the Heron [Woodlawn] guys go out and basically sell the company to private equity … was probably a sign the institutional market is not all that keen on zinc in Australia.”


    Its not telling us anything we didn't already know, but nice to have it confirmed by a non-IBG person. The fact there is a valuation disparity between Australia and Canada caused by lack of interest in zinc in Australia gives me some comfort that the low IBG share price is not caused by IBG and shows that "the market is always correct" is a load of rubbish.

    I am hoping the IBG announcements over the next few months will remove any doubt as to Citronen becoming an operating mine. We'll see then if the Australian market can continue to ignore it after that.
 
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