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Wednesday, April 03, 2024 7:10:41 AM
Let us assume the stock is trading at .09 Canadian. On the US side that would correlate to roughly .066 with the currency valuation at .736 (US vs Canadian currency). Also factor in between .003 and .005 for trading purposes for the MM's. If you are bidding .06 OTC for your shares. I would have to presume the TSXV should trade at .08 or under for you to have any chance of getting shares. In rare cases, someone might hit your bid for another reason but is often not the case.
IBC has been a major disappointment to investors just as Niocorp has been a disaster. There is no getting around it. Look at the charts and you can see the damage done. We need IBC to string together some decent quarters and stay profitable. Their business should be booming but for some reason it is not reflected in the share price.
GL.
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