Member Info for Bozi

No Chilston, the market closed at 12:30.

Rich - that trade I listed was from Friday but there is another from today.

I've counted at least 10 250k clips over the last 3 weeks, all sells.

TR1 may well be logged but we clearly have a seller, which is what I was getting at.

Doggo me ol' mucker.

One of us is trying to claim that transactions like the following are buys

29-Nov-19 13:40:32 6.25 250,000 Sell* 6.30 6.50 15.63k O

Buy price was 6.4p at the time of that one.

There are numerous other examples over the last 3 weeks.

I take it we mean the TR1 for the 250k block seller???

Grafters

In my opinion the projects are not at an advanced enough stage, particularly on the gold side, to start tracking spot prices. That will come later in the process when we know what sort of resource we're looking at and metrics like AISC.

The market is struggling to value IRR and has been for some time. Yes you can attribute some of this to general commodities malaise and a softening of lithium prices specifically but it hasn't been to the extent that the commodity is now worthless, prices are merely subdued off the back of those ridiculous highs.

I suspect Geodrill will be allocated another clip of stock in the next 7-10 days at about 10p and then hopefully focus turns towards building this back up into the new year.

GLA.

Sounds positive...

I'm not convinced Swest42. I believe IRR to be crudely oversold now after a period where price has settled after initially being clearly overbought.

With this in mind it's understandable why previous RNS announcements haven't prompted increased demand for shares.

IRR now simply has to be on the radar of value investors and a technical report on Cape Coast should underpin the company's asset base with clear potential for upside in CDI on the gold front. Now available to buy under the placing price which is a fantastic opportunity.

As in do I have a contract note Mike?

No, I don't. I just find it unlikely that someone can pay 9.75p for 100k at the same time someone else pays 9.95p for peanuts.

They could have been worked buys but nobody would be working buys at sub 10p because that's a travesty given what many have paid.

the 100k x3 are all sells.

And according to Nick the actual end of play figures are expected to exceed the current resource estimates significantly.

Reference in the 2019 investor video.

Agreed Mike.

I consider it unlikely that IRR will be involved in a transaction involving the companies mentioned. There's absolutely no need.

I know it's difficult and who ever thought we'd see 10p but these are tough times for explorers and would be developers. IRR have taken a small placing to boost treasury into next year whilst maintaining the agreement with Geodrill.

Big milestones to come in Ghana possibly by the end of the year (latest drill campaign early results) and into Q1 with the JORC report.

Then there's progress reports from Zaranou and Vavoua for early in the new year.

I've been holding tight and accumulating of late. He who dares and all that...

No worries Mike.

I had a comment in mind that mentioned our agreement with Geodrill ends tomorrow, being 3 months from agreement which is wrong. The partnerships is a 2 year deal with potential to extend or terminate early.

Am I missing the point here?

The MoU with Geodrill lasts 24 months from 8 August.

The first tranche of shares were issued on 03/10/2019 and are released from lock-up on 03/01/2020.

I was looking at the finances earlier this week but hadn't assumed the correct burn rate, probably underestimating the work going on at Zaranou.

It's a tough set of conditions and this is clearly bridging finance to get us to a stage where the company can better advertise the quality of it's assets and be recognised for them by the market.

It's not ideal, but the dilution at this price is minimal and manageable. I think we've got to look on to the next project milestones and the value this will hopefully create in what will hopefully be a bullish phase for resource companies.

Scratching my head at that Phoebus, particularly considering that's just the sort of level where a rather popular fib lies.

I'm not convinced anyone was misled N2S. It just so happened thst picture created a stir amongst day traders and they scrambled over each other to get in, and then get out...

For me this price is the last cheap opportunity were going to get, caused by someone liquidating a sizeable holding in an illiquid market.

I don't think IRRs shares will ever be traded in huge volumes unless the make up of our corporate shareholder base changes.

I've been looking at cash resources too and I'm still not convinced we should be needing cash just yet. Rough figs but we had A$6.9m at 30 June 2019 and total losses for the year were just north of A$7m. Therefore if we burn at the same rate as we did for the year just ended we should have enough cash to last us until June 2020, which you could allow for a placing at the beginning of Q2.

If we've been spending more aggressively, which I thought wasn't the idea given the Geodrill equity for drilling deal, then we may need funds a bit sooner, say February.

Still NT to buy now for me Matador.

Lots of ball-tickling on here this morning NoviceHunter...

Earthling

What do you want to know that hasn't already been said in the RNS?

Probably because half of SOLG's PI register is bombarding Anna with questions, concerns and maybe even more given how some people have been carrying on.

The RNS yesterday clears up the situation as much as SOLG can, for now. Everyone needs to let the company do its thing. Yes there has been a change in reporting and shareholders need to recognise that. If people aren't happy then they know where the door is.

Until the board and management take a number of false steps the absolutely have to be trusted. 100 emails in the IR inbox is time away from other important responsibilities.

Hey Botty

Hope you never did buy MWG mucka. That price has trended in one direction since January with next to no respite!