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imo, whatever the ST SP variations, this will rerate soon. you cannot have a spod market in rerate mode and we stay down here.
NAV must rise to the top eventually. Even the most ardent critic must agree. current SP is madness. no ramping just pure raw numbers
4-5 years from now
We are funded but we aren't supplying Tesla. Assuming Piedmont see the agreement through they will take 50% of the product but it is they who supply Tesla, assuming their agreeement with Musk is still in force come first production from Ewoyaa.
It's those unsubstantiated ramps that do nobody any favours.
Concentrate onnthe facts here. Ewoyaa is thr most investable hard rock project on the planet. It has healthy exploration upside and very clean metallurgy which lends itself to a simple flowsheet. Low footprint, high ESG.
IronRidge Resources. Responsibly sourced lithium from it's Ghanain frontier.
Cracking one-liner that Oscar. One half quite factual, the other completely ridiculous.
Are you telling me that if you had $70m in your back pocket you wouldn't invest it to achieve a return of $87.5m (plus the initial $70m outlay back)assuming product is sold at the lowly level of $650p/t? You would.
Now factor in the exploration upside, where lithium prices have gone and are expected to go in the coming months and years, etc.
Piedmont know this is a stonking investment. I suspect you do too Oscar. Please come back soon and enjoy the upside with us.
"We're funded and supplying TESLA ffs has anyone told the market"......... why is this the case, surely IRR would want it on the front page of the website? May be a contractual obligation as part of the offtake agreement
It would help to have a mining licence first and maybe make decisions on timelines after that but hopefully if all goes well sometime in this decade !!
Hi everybody, I was invested in BCN and was hit by the board caving in and selling the company so cheaply. Extended delays must have contrwto this. I was wondering if someone could point me in the direction of a timeline for when the lithium will be taken out and actually sold.
Many thanks. In advance
Hear the one about pilbara selling 8000t spod at 2240 per ton.
DYOR :)
Oscar bet you didn't pass maths at school,
It's a small deposit, 14.5mt, now 7.25mt, barely worth digging up
big spread as well. Its like a luke warm cup of tea here sometimes or a damp flannel, when personally with so much happening I think it should be boiling.
We're funded and supplying TESLA ffs has anyone told the market. sw going down pub :))
yeah I haven't run the volume, in fairness there is some buying as well mopping them up, but as you correctly ID its those smallish sells but they are relentless, and been going on for a while now. Its a strange one, big drag, still nothing goes on forever
Unfortunately true. Without the constant 100k and 50k share sells the sp would be up 20% approx. Let's hope todays healthy buying flushes the seller out for good.
fact is atm seller just carries on
reasons anyones guess :(
Going to the Ghanaian government for the mining license this year subject to a positive feasibility study. Events are moving quickly here, IRR with Piedmonts backing mean business. That's just the lithium. Lots of news to come on the gold and the forthcoming demerger.
50p? What happened to 100p you said a couple months ago IRR would be at? Can you please go back to saying 100p as it sounds sooo much better? Thanks
FFX.AX is demerging Lithium from Gold. It is totally the opposite what happens to their shareprice what happens here. .
One day we will be in Firefinch 's footsteps. Patience.
Reading your post unlucky, the way you articulate the unknowns, I think it must be the demerger that's the issue. The Li is advanced, cdi is not JORC, it's a mix of risk level. I think it could be confusing the investment case to potential investors. Bring on the demerge, let the pure plays out.
No matter what your view of the share price movement is, based on what the company has achieved, the current monumental spodumene price and a 21p share price, IronRidge is a screaming buy right now!
The lithium has been derisked. It is funded to production. The co has $28m banked. And lithium prices are rapidly moving higher. Right now, you are buying a 50p share for 21p. It's as simple as that.
Do your own research and good luck all.
The demerger has to be the stumbling block here as what else is there not to like. I’ve asked before as never been invested in a company demerger before but someone here may have. How do they decide on the sp once it’s done? It obviously can’t stay the same price. Just seems to me it has to be the uncertainty that is holding us & investors back. Many miners like us have a time to production but there sp has moved on news. Once it’s done the brakes will possibly come off. Any thoughts?
Like many in here I just cannot understand the manipulation, is there any chance the Chinese could be involved in putting a low ball offer in which was/may have been an insult. The sooner the demerger is announced the better. Cracking future.
LICENSE TO PRINT MONEY I'D SAY....
Maybe it needs to be around 20p mark for demerger so the autobots bring it down. Gold company valued at X free of charge to bring the company's value to where it should be.
It's the auto trades that are killing it. I don't profess to understand the system, maybe someone can enlighten us. I can't find another share in my watchlist that has any auto trades, let alone the so many that IRR suffers. Is it possible that IRR is being shorted? Seems deliberate manipulation to drop the sp.
Maybe we could get the Reddit/Robin Hood guys onto this somehow?
Anybody got thoughts on who the consistent seller here is,whatever the share price does rise or fall this person ? keeps selling regardless why ?????