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All I know is by luck or judgement I was buying HZM quite heavy 2ish and its now 8, so in my eyes its taken off, though granted thats over a timescale. Anyhow thats for another BB. ATB
https://www.kitco.com/news/2021-10-08/Lithium-powers-higher-up-159-for-the-year.html
https://www.kitco.com/news/2021-10-15/China-s-Ganfeng-Lithium-expects-up-to-528-net-profit-growth-in-third-quarter.html
I actually find it interesting, the market would be boring as hell if everything happened when you wanted it to / shares went up in a straight line. HZM taken off? It's the same price as it was this time last year & 20% below it's 2021 high, it's also going absolutely nowhere until they raise over $100m in dilutive equity funding... something IRR doesn't have to worry about. All good here, volume of 7m shares suggests that things are getting a move on behind the scenes.
Its bloody tragic sometimes watching the SP here, some of my others like HZM have taken off and rightly so
Whereas IRR left behind scratching along
Honestly the most undervalued share in my PF bar none. FUNDED. Lithium is ON FIRE. Can only be the demerge holding it back. All I can say is the time will come, hopefully in this lifetime not the next...
Some heavy buying or selling this morning. Hard to tell which.
Australians are LOOKING FOR THE NEXT Pilbara Minerals, Vulcan Energy.
CORE LITHIUM IS AUSTRALIA*S NEXT LITHIUM SPODUMENE PRODUCER in the Northern Territory, Australia with higher grades and low cost. Core* mkt cap is A$ 8 5 1 MILLION @ 55c.
So, the chasing pack are Charger [lower end of Core*s licence area & Castillo, adjacent to Core*s DFS deposits] and AUSTRALASIAN GOLD [A8G].
IRR owns 12% of A8G due to selling them their May Queen gold project = Investee co.
Lithium Plus, a Chinese co per A8G folks on HC are busy PEGGING everywhere in the NT, Australia via licences.
So, the chase is on and Dr Zeng or Qiantao Zeng said in a video he HOPES its A8G as he thinks someone has to find another deposit [lithium spodumene] in the NT, Australia after Core?
However, Charger has not moved much nor Castillo for that matter.
However, the mention of RUIFU AND XINFENG , the 2 cornerstone investors in A8G somehow has put a light on the shares. I hope to read why later. Maybe, ONE WILL FIND IT OR NONE, ONE DOES NOT KNOW UNTIL DRILLING STARTS AND RESULTS COME OUT.
Interesting.
Mon, 18 Oct 2021. DYOR.
I posted about my perception of what was happening at IRR*s A8G.
This was due to the very recent ANN/RNS about the 2 cornerstone investors, RUI FU & XI FENG.
This started the interest in A8G, IRR*s investee co on ASX which is NEWLY LISTED.
On HC, these are the postings:
"Top 20 own 60%. They*re not selling." -Gonzarella.
"SENDEROS ON HC A8G: Just listen to the Investor Presentation & watch Dr Zeng*s body language. Then , read about the NEW CORNERSTONE INVESTORS and simply connect the dots."
Another on HC A8G: "A lithium rush."
Yeah, Australians are keen to find the next lithium play.
Mon, 18 Oct 2021
HFox1 on Twitter:
"I thought US$1,000/t would put the cat amonst the pigeons.
Fastmarkets current price is : US$2,250 [14.10.21]
That would be --------------US$2,000 MARGIN-------------4 IRR & PLL @EOWYAA 295ktpa
$5.91 bn LoM Revenue."
https://twitter.com/claudiohfox/status/1448948073472958465 15 Oct 2021.
IRR owns some 12% of Australasian Gold on the ASX [A8G] as a result of selling them the May Queen project in Australia.
NoBe in his post below stated that IRR owns 5.5 MILLION SHARES OF A8G which at Australian 64c comes to some A$3.5million. So, at 88c [Australian], IRR*s share is A$4.8 MILLION. Thanks to NoBe.
Last night, on the ASX Australia, A8G opened 19% + and finished at Australian 88c + 36.4%.
On Chi-X, the rise was +38.9%. On HC, it was one of the star performers if not the star but I only watched the opening. THE MARKET CAP: A$40.97 MILLION.
What happened? From what I perceive, this run of A8G started with 2 Chinese investors taking part in a A$2.5m "strategic placement." SHANDON RUIFU Lithium & XINFENG took $1m each @45c [Australian]. The project of interest: MT PEAKE LITHIUM PROJECT, NT, Australia which is the other end of Core Lithium*s Finniss Project, Australia*s next spodumene producer slated to be H2, 2022 or some reports say End 2022.
On HC A8G, one poster said Lithium Plus, a Chinese co is PEGGING licences all over NT in search for lithium.
As far as I am aware, only 2 other co*s [listed on ASX and one dual-listed on London/ASX] are looking for lithium spodumene close to Core Lithium*s Finniss lithium project, NT, Australia ie
Charger & Castillo [under 90 day due diligence option]. Charger is at the southern end of Core whilst Castillo is adjacent to Core. However, the interest at this MOMENT SEEMS to be A8G.
---------
IRR*S GHANA LITHIUM PROJECT WITH PIEDMONT [SPODUMENE]
The spodumene prices spot cif China have jumped to US$2,000-$2,500 a/c to Fastmarkets.
This is MANY TIMES IRR*s selling price in the study. IRR*s cost is also one of 2 of the lowest.
I will look it up when I have more time. If anyone is interested, kindly click on my profile and see the post I posted on kdnc.pl with the link to said spodumene screen-shot of the Fastmarket spodumene prices.
Many are not aware?
News, Mon 18 Oct 2021.
Hey nobe better revisit those numbers from the weekend a8g had another solid day on asx. No spiv mm's there.
Get off the aim vincent.
It just shows you how inept the AIM market is!
RE the 5.5M shares in Australasian Gold, they were valued at A$797,500 (A$0.145ps) in the Annual Statement as of 30/6/21. Now the share price of A8G is A$ 0.64ps the value of this single investment has increased to A$3,500,000.
As this investment has gone up over the last 3 months, along with all the other positive news, the IRR share price has been actually going down!! Go figure!! Sentiment must be changing soon, surely.
Baku. 48p to sell out? Do you own a bargain bucket sale shop by any chance, as there s no way this will be sold as low as this.
More upbeat baku.
I'm not especially upbeat ST, but resolute on the end result. Hydroxide prices one among many metrics that continue to be positive. Our value if not SP is rising, the two will conflate, not sure when, but is when not if.
The levels we have seen for the past week (18p) is a perfect buying opportunity for every average investor. Buy now because soon there will be plenty of traders massively buying IRR. Charts suggest this is a bottom and soon this share will fly.
There will be no take over. Mascolo isn't too old yet to leave the project. He will be direct the company to production and long after that. Unless they offer 48p a share.
With lithium shortages forecast in the future and prices continuously rising,mine construction paid for its a no-brainer to fast track the lithium to production.unless a takeover offer comes in that's to good to turn down.
Gold update & news would be nice.
When the ball drops in the slot for the AIM roulette, and comes up trumps, the general punter goes and carries on spinning where it is pure chance. You couldn't make it up.
A8G up another 20%. The 5.5 Mio shs are worth quite a bit already. The only annoying thing, A8G is moving because of the Lithium hype without having any results for showing and IRR is still sub 20p with funding resolved and beautiful drilling results. Go figure, the market is sometimes a funny beast.
https://youtu.be/Amp5QN1rKrc
New high yesterday in A8G. The MD is sooo excited about the Mt Peake lithium project in NT. Great presentation and IRR's holding becomes more valueable by the day. I am wondering once the demerger happens, who is going to hold those A8G shares, IRR or Iron Ridge Gold.
Careful angler news like that could move the SP up :)
Source of interesting Lithium news
https://www.kitco.com/search/?q=lithium
Good day for my portfolio. BDEV up more than 6% , EMG by more than 7%. Another couple of percent on either of those will trigger a profitable sale. In which case more to pop in here if the same happens again.
That's good buying well placed. I'm a bit jaded here, but if you have patience, it will be good. ATB
Just got to keep accumulating, I bought a large chunk at 18.57 on Tuesday so was reluctant to add more today, if they take it into the low 17’s I will though.
Worth rewatching the Proactive videos from earlier this year - Vince states that the initial resource estimate at Zaranou will cover the market cap (about £60m at the time) when they decide to release it. It’s been that long since they released a gold related RNS I think the market has forgotten what they have in the locker! I’m here for the Ghana Lithium, but Zaranou is a brilliant hedge to have.