Interesting, somewhat contrarian read, thanks for posting.
I find Glencore's position on "reluctance" to ramp up supply quite similar to OPECs behaviour with the price of oil, in the past 40 or so years - they squeeze supply to bundle up the spot price, and keep a hold on it. Mind you OPEC's day is done, for the moment, with the US fraccers all set to squeeze back on oil. $50 looks like it to me.
Is that the same deal for ZN, and the POZ ? Whilst I think that the LME stockpile reduction is just noise, I'm not seeing any new supply being brought online - @ the forum, do you guys/gals know of anything in the works - of significance - from the supply side ?
IBG looks like a world beater, from a project $$$$ perspective, but it still ain't really reflected in the share price. Or maybe it is, and I just don't get it. One on the forum stated that the last time the POZ was > $3000, IBG was 85c !!!!! Sobering stuff indeed.
Go well all.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.231M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $454 | 214K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 28126542 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 2876546 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 28126542 | 0.002 |
11 | 11400488 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2876546 | 5 |
0.004 | 33481459 | 19 |
0.005 | 2500000 | 4 |
0.006 | 5000000 | 3 |
0.007 | 715300 | 3 |
Last trade - 10.24am 26/08/2024 (20 minute delay) ? |
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IBG (ASX) Chart |