IBG 0.00% 0.4¢ ironbark zinc ltd

a fair few , i remember when i first bought AJM they had about...

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  1. 2,452 Posts.
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    a fair few , i remember when i first bought AJM they had about 650,000 shares now they have 1.5 billion shares on the register they did about 4 capital raises on the way up but every time the CR price got higher and higher as the project got closer to production but as usual they were always done at a discount to institutional and sophisticated investors .
    any way on this project im getting the impression that they mite be going for a loan (please correct me if im dead wrong on that) if it is a loan we will be laughing

    its this paragraph from the company update that im thinking we wont be heavily diluted through multiple CRs and the company is going for a loan

    "The Citronen project is exceptionally well placed to meet the strong and growing global demand for zinc and would be highly profitable in today’s environment and under a granted mining permit in a low sovereign risk jurisdiction, provides the Company with confidence that the financing process will be successfully achieved."

    but please correct me if im wrong and their not going for a loan
 
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