IBG 0.00% 0.3¢ ironbark zinc ltd

Could someone tell me how acquiring another asset is SP...

  1. 43,909 Posts.
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    Could someone tell me how acquiring another asset is SP positive? We will get more dilution thru the deal with Glencore to raise up to $50M just so the company can diversy into other base metals or some component of steel making industry. The right question to ask management is what is going to happen to Citronen? Care and maintanence while we wait for the zinc price to recover and make better use with the time to pursue other advance project to provide cash flow? Or is it to hopefully prepare the ground works with slot in projects that will in the future leverage to the better times. Do you think potential investor will just buy and hold now with fingers crossed and prepare for the zinc price resurgence. The SP will not move up without the much promised BKS and the longer it is kept wrapped up the more opportunities to average down for those willing to employ this tactic. L1 Cap don't seem to be buying anymore which is worrying?
 
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Mkt cap ! $5.500M
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0.3¢ 0.3¢ 0.3¢ $14.93K 4.977M

Buyers (Bids)

No. Vol. Price($)
53 93356160 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 422772 1
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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