REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Many thanks Hodgefox.
The Vavoua licences are next to Abujar. From what Charlie Stephenson said in interview there are not the same amount of artisanal miners there because there’s a deeper alluvial covering but it certainly looks interesting.
The licences around Zaranou link together well. I like the way they acquire the licences and build the land packages.
I agree with a tier 1 mine but think it will be a few pits feeding one plant. Zaranou is showing gold at surface and at depth down to 160m and is still open as stated in the latest RNS..
There’s references by Len to broader width at depth in a previous RNS.
The visible gold down hole and the outstanding grades indicate what’s coming imo.
The hypothermal quartz veins have excited me from the start with Zaranou. Right from when they used ‘intensity of veins’.
Wrt to Chad, there’s a super pit waiting to happen there imo around Dorothe.
There are huge Under-explored areas across the 5 licences there. I think that Operational synergies might apply there too but we’ll have to wait a while.
It’s a hedged PF but I bet they didn’t think that Lithium and Gold would be peaking at the same time.
There are several long term holders here but the board is quiet in general. IronRidge is under the radar still (or has been).
I’m on Twitter mostly.
There’s another group on Telegram with lots in apparently but I don’t really know what that is and I’m happy just on twitter. I’ve no idea if there’s a Facebook group. Research thoroughly to verify anything I’ve said. I’ve just tried to help.
Toro and Farq are extremely knowledgable about IRR, the licences and jurisdictions as are other holders.
Len Kolff tweets from time to time.
The leadership here is extremely strategic imo and they have progressed things well. Very rigorous and methodical around the technicals, they don’t waste money.
Watch the interviews of Vince with Andrew Scott of Proactive and with Charlie Stephenson of Si Capital. It’s about to be an exciting ride through to Indaba February, in Cape Town.
Good luck with researching further.
I’ll get back to batteries and cathode chemistry now.
Just to add .. I'm impressed with their careful packaging of the I.C. licence portfolio.
Thank you Hodgefox for the in depth reply.
I dipped my toe in the water today and intend scaling in assuming the Zaranou results replicate over trend. If ongoing results are consistent I suspect with a positive pog outlook that VM has every chance of building a tier 1 gold mine in I.C.
I am particularly attracted by the aggressive approach of management to commit sizeable sums in moving projects up the value curve and
have concluded that the risk /reward dynamic is worth a long term hold with limited risk.
It would be a significant + to see them dual list on the ASX as the LSE is not gold friendly I feel.
Kingivor,
Vince Mascolo gave himself and IronRidge optionality last year around April 2019, when the BoD passed the motion enabling him to issue shares for different services.
That option came into play with the agreement with Geodrill and the shares in IRR in return for drilling. 30,000 metres was the extent of drilling from memory but you’d need to look back at the RNS to check the detail.
I have to say I’ve lost track of how much drilling has been done and what’s still available under that deal.
Yes, it has added to the the overall amount of shares issued and diluted us but compared with several other companies IRR is still in a strong position with 404,510,000 plus recent added amount and 100% ownership still.
The small freefloat is the best bit though with 80% of shares being held by the BoD and cornerstone backers. (Again I’d have to check that percentage) .
It’s a compelling picture with the gold and Lithium double play at the moment.
All the best with your research of the company and the board.
I’d start with the Zaranou project and the targets along the 47km strike length, Côte d’Ivoire. Vavoua licences near Abujar are further down the pipeline but exciting some.
Look at the Birimian geology.
I think the Zaranou project will deliver 3/4 open pits with a centralised plant and a globally significant resource.
The Lithium is a beauty too and the narrative is changing now the elephant in the room has been called by Paul Graves, CEO of Livent.
The geology around these projects is fascinating. I know some people think Chad is not going to deliver and have discounted it but I think the opportunity there is incredible and it’s just going to take a bit longer than expected. (Zaranou has been a fantastic spot and acquisition in the meantime).
So I wait for an update with excitement. Yes it’s speculative but that’s why I’m here.