Hi Burnside, I concede that maybe I could be more proactive and...

Hi Burnside,

I concede that maybe I could be more proactive and contact IBG management directly. This however, is not a substitute for effective communications from the company to all of it's shareholders.

I can understand that a company may not wish to create an expectation on the timing of investment finalization, if there is a high degree of uncertainty, and the situation is fluid - as this exposes them to criticism in the event of not meeting the expectation. The downside of such a strategy (the one that IBG appears to be employing) is a retail market that does not believe in them, and a share price like ours at a time of historicly high zinc prices.

From one perspective it could be argued that we retail investors are unimportant, given the 30% cornerstone holdings of Nyrstar and Glencore - whose executive are clearly inside the knowledge tent through their boardroom representatives.
I do not subscribe to that viewpoint, given the free float percentage of shares on issue, and submit the current share price as supporting evidence for my viewpoint.

The roles of executive management are broad, among them is ownership of setting and execution of corporate strategy, along with setting achievable and believable business time frames. Another important role is keeping faith with the market.

I am sure that JD is working hard on behalf of the company, but remain of the belief that communications remains a weak point. It may yet transpire that weak communications will directly lead to a greater dilution of shares at the next capital raising.

More communication please IBG!