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0.4¢ ironbark zinc ltd

Nice bounce last night; 2,377.25 +83.75 +3.65% Wood Mac have...

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djr67

540 Posts.

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17/08/18

09:13

Post #: 34987346
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Originally posted by Upmarket ↑

I'm not a chartist, Joe but thank you for your review and approach. The zinc price drop from $1.40 per lb to $1.15 was bad enough and looked like it was recovering from that level. I was hopeful of over $1.20 by the time the folk doing the site visits get back to their teams.

There are two schools of thought - one being zinc is heading back to 80c, the other that this recent slump in all base metals has been overcooked and they will climb back as markets realise Turkey is not going to lead to a contagion and China ain't done yet.

Hard for me to swallow that the zinc run is over, really is. As always, next few weeks going to be important as the site visits get underway and just hope zinc can now stay above $1 per lb.

I'm pleased IBG hasn't been trashed as that zinc fall last night was pretty savage.

Being an optimist, I'm hopeful the financiers have enough confidence in the long term market for zinc and that it will stay above $1 per lb. Back over $1.10 - $1.20 will give me more confidence.

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Nice bounce last night;

2,377.25 +83.75 +3.65%

Wood Mac have forecasted a strong Oct-Dec 2018 & Jan-Mar 2019

Time will tell.

IBG Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
13 Upvote

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $6.375M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	2932500	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	6604982	12

View Market Depth

No.	Vol.	Price($)
2	2932500	0.004
20	11661559	0.003
8	4499980	0.002
3	3800000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	6604982	12
0.006	6100555	5
0.007	1343681	6
0.008	606448	3
0.009	100000	1

Last trade - 16.12pm 19/06/2024 (20 minute delay)

IBG (ASX) Chart

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