IBG 0.00% 0.4¢ ironbark zinc ltd

I continue to hold, but am concerned. We have now had a full...

  1. 1,296 Posts.
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    I continue to hold, but am concerned.
    We have now had a full year since the mining license was approved, with precious little to show for it - except a lower share price.

    The last quarterly told us that....
    Ironbark is working with NFC under an agreement to:
     Incorporate current Chinese equipment and construction costs into the Citronen Feasibility Study
     Prepare a project study report in compliance with the financing requirement of China's banks
     Ensure the technical criteria is in compliance with local laws, regulations, standards and codes in Greenland and China
     Assist Ironbark in securing Chinese project debt financing for the development of Citronen under the terms of the earlier Memorandum of Understanding

    It appears from the quarterly that the IBG feasibility study was provided to NFC, for them to use in their own modelling - does that mean we may wait for 9 months from Sept 12th last year?

    I am not any sort of expert on Chinese bankable feasibility processes, but it seems that management has provided insufficient guidance on what our expectations should be on timing.

    Hopefully we have an update before the next quarterly report is due.
 
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