Member Info for Bozi

Yes Sam, but that's because you're only interested in a short term spike.

There are some investors who see the bigger picture here including the potential inclusion of Blanca in with Cascabel to secure a favourable financial package, the value creation brought by the PFS and advanced production plan and right through to production and payback of original CAPEX in less than 4 years.

Nick Mather has led SolGold from a £20m market cap to where we are today (and where we were at 46p highs). He has created this with his trusted board, management and technical teams. He has raised large sums of capital to carry through an aggressive exploration programme at generally reasonable prices, securing the support of the worlds biggest and most prestigious mining companies.

You think the share price of this company would flourish following a major management change? I strongly strongly disagree. I think we'd see the following:

1. For sale sign erected. Any premiums welcomed. I think we'd see offers between 30-45p and we'd struggle to bat them off.
2. Nick would likely sell his 5%+ shareholding and he'd likely start cashing our DGR's holding too. That isn't going to do the price any favours.

Nick mentioned in his recent interview at Diggers that we see the "value valley effect" and that is what this is. The company have successfully completed another year of exploration and study progression. Macro events have conspired against all copper explorers and producers.

Now is the time to start adding to holdings and getting ready for a Nick Mather inspired rally. Support the management and the company or sell down.

Well today has put the cat amongst the pigeons...

This company has always been dedicated to achieving the best results in country but they've never bowed to the pressure of the market, and rightly so. Yes it was slightly unnerving at 12p with all the macro indicators but research of the company and it's assets reveals the potential, and that's what we're buying at this stage.

Well done to Vince, Len and co for getting on the road and meeting Volkswagen. A sensible starting point given their desire to do business in Ghana. It's probably a bit early to talk about deals as we've not yet published a JORC but what today does is starts putting the feelers out for demand. We think we know the potential in Ghana and we think we know where lithium spot prices are going in the medium term.

I'm looking forward to seeing how the current drill campaign stacks up with Ewoyaa in the coming weeks. Continuation of the strong results in the western portion will really start to underpin a project of significant footing.

Well done to all who held and to those who bought at these depressed prices.

Well done Vince and board. Good sensible deal with Geodrill to push forward drills in Ghana and Cote d'Ivoire.

This is the catalyst for operations notching up a level. Time for investors to take an interest again at these levels.

http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3674&customerKey=IronRidge&storyID=14405482

I'd love to know who keeps tipping shares into the market. 250k, 200k, 300k in the last week or so.

Someone has been offloading for a while and the share price has held up because there's a bit of interest in the story. In reality this should be testing new highs now but is subdued

Given what we're potentially on the cusp of here with KAV I'm slightly concerned one or two are a bit fleet-footed. The large spread tends to remove the potential to trade so it's likely someone from pre IPO, given placings at 2.8p.

The proof will be in the pudding...

EGM has been called for 26 July to wind Draganfly up.

Game over indeed. Last time I take a shell into suspension at the size I did here.

Sorry to all holders.

Ive just tried a dummy sell for market size and was quoted 13.175p. NT for size.

There's going to be a hefty bounce here when the seller is done.

There should be no suspension for announcing a JORC compliant resource. It's just a standard news release, albeit for IRR it will hopefully have a big positive effect.

Good to see the company has updated the Ivory Coast section of the website.

I've been looking a bit further at Zaranou and must admit to being pretty excited at the potential of this project.

Historical results in the 1930s has confirmed multiple quartz veins 60m thick and >300m long resulting in 8 (eight) high priority targets over a 40km strike.

100% owned and controlled by IronRidge.

Average grades between 1.5g/t and 9g/t.

I'm looking forward to seeing how this shapes up when modern exploration techniques are applied.

Sandstorm Gold paid $175m for Mariana Resources back in 2017. They held a few properties at the time but the flagship was a 3.4m ounce gold project in Turkey. Mariana held a minority stake of 30%.

A significant project in Cote d'Ivoire of a similar size and scale would create some ripple amongst the world's gold producers. Then add on the other areas being explored in Vavoua, Kineta etc.

That's without mentioning the company maker developing in Western Africa...

Going to be interesting Makus. Spotted those larger buys - having watched trades for a while here I'm not convinced retail are responsible.

Would hope the assays are to be returned to the company shortly for interpretation and for the announcement to be written. We could see that announcement this week but more likely to be next week or possibly early on WC 22/07/19.

The time to take positions for anyone not already invested is nigh. Kavango could be about to make an almighty splash.

I'm not too sure Not2Sure.

Other than a little jump to 24p earlier this year when pretty much everything (within reason) hammered in Q4 2018 bounced, the SP has been suppressed and depressed.

Remaining well cashed up will and should be a priority and that's why the resolution to settle some transactions in shares was put forward and approved. I just hope the board implement lock-ins for anything they do issue to stop them being dumped straight back onto the market, thus creating a self defeating spiral.

The strategy here simply has to be to bring Ghana to the market and if that needs a raise to get us through to an asset sale, off-take or farm-out (thinking joint production) then so be it. From there the company can address Chad and CDI from a much stronger footing.

Just my twopence.

Earthling - for me you have to draw the comparison with SOLG. There we have 15 or so rigs mainly on Alpala but slowly dissipating to some of the other targets. IRR have taken a more conservative approach with one or two rigs and a fraction of the workforce, thus not diluting the companynfurther than it nees to be.

I'm not comparing Cape Coast and Alpala directly but both concessions have multiple targets. Cascabel is still being drilled out now and has been since 2013.

For me, Dorothe is to IRR what Cascabel is to SOLG. IRR know it's going to take a sizeable programme, so they're working methodically and within their means to make the company.

It's a strategy that makes sense, as annoying as we'd like to see things moving a bit quicker.

Patience will pay here. I'm confident of that. It's just easier watching s rising share price than a falling one.

It's being done methodically with no stone left unturned.

I'm fine with that providing investors are kept in the loop, which to a large extent we are.

Until results suggest otherwise this is just a hold and accumulate jobby.

There are options Munchbox. There are some decent looking iron assets in Gabon for someone who wants to develop them. The lithium licences in Ghana are being worked and value added all the time.

I want things to happen quicker than they are but I have to temper that in the knowledge that raising funds in this market for pure exploration is difficult, hence the headroom to allocate shares to contractors.

Demand for lithium and gold will turn and when it does I'm sure IRR will be making moves. I'll be ready.

Adam - I think you're missing the crucial point.

Here we have a company that even at this subdued price, has a market cap of £48m. Many AIM traders and investors simply aren't interested in a company this size because the short-term risk/reward isn't there.
They would rather buy something between £1m-10m where there's likely to be more volatility and easier trade opportunities.

IronRidge, if delivering on it's promise will do a longer and more consistent move over a substantial period of time. We need to get the area west of Ewoyaa drilled along with Egyasimanku Hill. We need a JORC estimate and some more progress on the metallurgy would be fantastic.

We need substantial progress in Chad to get these areas drill ready. We need to get Zaranou ready to drill.

Ghana is going to make this company and then the gold will take the reins. But it won't be this week or next, this month or next. It will be this year or next.

This is a long-term investment for a long-term investor. Anything in between is just noise. No point blaming anyone else but yourself if you're not happy. You chose to invest here. You bought the stock. Why did you do that? Because it has excellent prospects. You need to now trust management to deliver them.

That's exactly the fixation Mike.

Munchbox - unlucky not keeping the short. Losing a packet being out of that one. Next time follow your convictions instead of just talking a good game. We can all do that.

I've bought more here today. The initial metallurgy results were positive and exploration continues West of Ewoyaa, where pegmatites have been identified AT SURFACE.

This is well consolidated from those 47p highs now. The iron prices is strong and climbing. There's going to be a reversal and it's going to be quite explosive.

Morning Catsick. Interesting you should mention SolGold. I'm also invested there and have been since the single digit days. I'm still invested there as I believe the company is still significantly undervalued, particularly if copper moves in the direction it's anticipated to.

Kavango interests me for the same reasons. Size and scale. It's potential at the moment but should the results be as positive as we think they could be, get ready for fireworks.

I'm not convinced a cash injection helps Swest to be honest. There are a few companies listed on AIM that are relatively cash rich at the moment and share prices are suppressed and not gaining any traction.

Hence for me, swapping an asset for a pot of cash is just swapping apples for oranges.

We need the company to conti me driving value in Ghana. Create a plan for Zaranou and Chad too but generally just be watchful of funds and hopefully this market will turn and credit the companies making progress.

Mike - I'm not for one second sitting here saying IRR will never tap the market for investors cash ever again. That would be ridiculously naive.

I've given my view of the provision to issue shares to suppliers. It helps preserve the treasury because none of us can really say when the market is going to turn. There are fears of a worldwide recession and with this in mind I think it's forward-thinking and shrewd of the board to get this through and in place.

At the end of the day, selling an early stage asset is going to weaken the company's portfolio. Assets will be valued based on how developed they are and if it makes sense to raise cash to progress them further then I'd be a fan of this every day of the week. There's nothing wrong with raising capital as long as it's value accretive. Its important we don't confuse the concept with many of the 'keep the lights on' raisings we see by certain companies.

Australia I think will be kept as a domestic project they'll potter away on at little annual spend. It has legacy and heritage for the company but I take your point.

I keep hearing these comments about selling off assets. Why would IRR do that, particularly before value has been created? It's nonsensical.

Now certain assets may suit a joint venture type arrangement where IRR stay involved, either as operator or contributing partner.. I'm thinking Chad and Gabon. Those jurisdictions have the resources but need that extra expenditure to bring them through.

IronRidge pride themselves on being a diversified explorer, developer and producer. They're not a seller of early stage projects for someone else to achieve the upside.

Patience required here. Holding and accumulating will win out.

Munchbox is a sandwich short of a lunchbox...