Gone quiet. Has our new friends got their fill?
Who are they, where did they come from and what is their intent?
Does anyone have more information about these guys?
They managed to buy/sell it down from 8c to 5c (on market).
IBG management seems to be all systems go. Are they convinced funding will come or is it a gamble?
Excuse my ignorance but why do we have to build/establish the entire site in one go?
I'm in the building industry and we would always stage larger projects.
What if we only needed $200m to get things started and use the revenue from year 1-2 to expand the site.
Yes, slightly slower but less risk and a hell of a lot easier to get finance.
Btw Glencore is returning US$2.9b to shareholders in 2018 so I don't think the Citronen price tag is an issue. Just not interested. Is NFC dead? Not sure but nothing thus far stating it is.
I first bought IBG in 2013 with the view it would be taken over somewhere along the line.
Trading at around 12c after mining license I was hoping for a takeover offer in the region 25-28c.
Now, I actually think they somehow will be involved with the first shipment 2019/2020.
After all it is one of the largest zinc deposits in the world and it will be mined with or without IBG at some time.
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