Member Info for Bozi

Couple of predictive text errors

*recent RNS'
*drop of a hat

Hi Redmac007

Thanks for the comments. To respond to your points:

1.) Our acreage is pretty humungous but personally I have no concerns over the company's ability to make a discovery and delineate it. I'm sure you have read in recent She'd had the company carries out aero magnetic surveys. This allows us to map a large area quite quickly and based on the lithocap which is determined from early stage exploration such as soil sampling and rock chip sampling, targets are identified and drill programmes are planned. So there is an effective way to be able to zone in on the good stuff even did it's a massive property.

2.) Fully appreciate that. The share capital is fairly tightly controlled and the major shareholders have c85%. I would say though that I've been able to build a shareholding and buy whenever I want to. You just have to be clever about it if hunting for size.

3.)It's difficult for any company in this sector to say what it will be doing in 3-5 years time as strategy changes, priorities can change almost at the drop of the hit if commodity prices shift markedly.

Personally I'm comfortable that I know what IRR is doing for the next 12-18 months. In order of priority:

- Drill out as much of the Cape Coast project as possible.
- Prepare Dorothe for drill ready status
- Carry out sampling and trenching at Kalaka
- Trenching and potential drilling at Kineta
- Care and maintenance works in Gabon and Aus.

Do you know another explorer thst has set out such a roadmap? It's difficult. Vince and Len have both been conferencing in the far east and Australia recently talkimg to resource investors and institutions. They probsbly miss a bit of AIM promotion but I've something in mind which might help that.

Wouldn't accept less than £1bn that should say

One of my favourite quotes coming out now ATG from a certain multi-award winning fantasy drama series...

"Anything before the word but is horsesh*t."

The best way I can make my point is that if BHP or Newcrest drppped an offer for the company on Nick's desk at £625m (36p) this week they would be laughed out of town. Nick said openly on record about 2years ago that he would accept less than £1bn then. What progress since?

Share price calcs have been done based on the targeted resource at Alpala, just Alpala. It's north of 70p, closer to 90. So whilst it may be overbought from a TA perspective over the last week or so, it's hardly overvalued. 11 priority projects not priced in...

Anyway, I've digressed too much here.

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Please can I ask a favour of anyone reading this board who doesn't own any IRR shares. Please drop a couple of lines on what puts you off this company at £60- £65m market cap. I'm keen to know and it's useful to talk these things through with investors with a different view.

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Sharketmare - take your points regarding grades and would just note that we are still very early days in Ghana and Chad. From my point of view I'm excited by the scale of the projects across multiple licences, most of which should have operational synergies if progressed to a mine later on. Grade is important I agree but I've seen nothing to suggest we will struggle making an asset commercially viable. I liked the way IRR secured the land and how they're methodically working through it.

I see lots of gold explorers reporting 1m at 12g/t and 1m at 26g/t for example but ultimately the tonnage isn't likely to be there and there won't be enough to extract. We've scratched the surface in Ghana and Chad quite literally, and to my mind, which is pretty simple at times admittedly, I think now is the time to be speculating that IronRidge can stand up from the crowd.

In your opinion.

When was the last time the market cared about IRR for long enough to make a difference?

Forget about everything that surrounds us for one minute:

A company puts out positive release after positive release. Delivery of strategy and growth. Fantastic catalysts for the next 12 months, and beyond. Nobody, other than the same half a dozen hardy souls (including myself), want to buy it. Why is that?

They aren't completely different companies at all. They are literally carbon copies, one is just further along completing the discovery of a tier one asset. Both have heavy institutional supporters and there's an overlap with regards the commodities being explored for.

Copper price rebounds - SOLG shows strength
Lithium price rebounds - IRR musters barely a whimper.

I own more shares in this company than I ever have before, but I can't for the life of me work out why it's so widely disregarded.

Q2/3 2019 re Dozza and surrounding campaign.

SOLG is cheap
IRR is ridiculously cheap.

Hence whilst the volume has dropped it still far exceeds the 4 trades (at the time of posting) we've had here today.

Investors are positioning for the near term catalysts. Dare I say it but SOLGs are likely before IRRs.

**
SOLG - MRE Q4
IRR - Ewoyaa JORC Q1 2019.

SOLG - PEA Q1/2 2019
IRR - Dorothe drill campaign Q2/3 2013.
**
** rough estimates.

SOLG - major mining houses acquiring stakes - potentially hostile.
IRR - major conglomerates with stakes - as far away as hostile can get.

Be honest with yourself and ask if you're really surprised.

And before you start shouting me down you know how much potential I think IRR has.

Take your own advice ATG!

7% up today over on the other side. Funny looking falling knife.

Jim, you really need to catch up on the principles of supply and demand.

20 was too cheap two weeks ago.
39 was too expensive yesterday.

The stock is now finding a new level to consolidate at.

Boredom sells in my opinion. Wanting to chance their arm chasing something in play now. They will end up chasing it higher.

The problem we have is that we have the wrong market listing. The company doesn't have an attractive profile for AIM, a solid and ambitious setup with competent management and skilled staff. An absolute array of promising properties and a market cap that tries it's pathetic best to reflect that.

This company isn't going to release rampy RNS' (particularly intraday) and generate hundreds of trades a day consistently. If isn't going to participate in bucketshop placings every 6-8 months So you just won't see the traffic. You'll get the same half dozen investors here talking about it.

The perfect SIPP investment in my humble opinion. Buy and put them away or 2/3/5 years time. Not saying you can't trade it, but you're looking at 2 or 3 trades a year here if you're lucky v 2 or 3 trades a month elsewhere.

There's your answer Charlies

I think it's incredibly unlikely that any interested party will be making an offer for Cascabel only. I'd go as far as to say it's wishful thinking.

Don't get me wrong. I'd much rather we proved up all assets and sold them for something resembling fair value. I just dont think it will happen.

A couple of points.

1. Cascabel has always been regarded the flagship project. And rightly so. Any sale of this asset only would result in a disposal. It's a real possibility that the company would have to effectively spin it off, similar to what Cornerstone were exploring. I just can't see that happening any time soon (but I'm happy enough to be wrong because the wider tenement package is looking mightily prospective).

2. There are pros and cons to both transactions. There's a very real chance that another company does get this on the cheap if things escalate quickly and Nick can't keep the wolves from the door. Nick pegging all the extra ground really was a masterstroke and one which made SOLG an outstanding proposition. This is why it will be important to weigh up any cash plus equity offer carefully.

I've gone on record before saying I was happy to hold for a long time longer yet and that remains the case (as pleasing as last week's performance was). The longer SOLG continue, the more value is added, the more expensive it is to acquire the company.

This is intriguingly poised right now. Good to see us leave thst support behind and break out of the trading range. Anyone short (not hedging like FR101) will be hot under the collar right now.

Just as aside for any members who also use Twitter. I am looking at opening a DM group early next week. If you're interested search the SOLG hashtag, look for my tweet from yesterday, reply to that and follow me for an add.

Disagree Earthling. He is clearly talking about gaining full access to deposits of this quality and scale, not developing s mine from near enough scratch.

I agree BN. Very interesting!!

Another interview. Quiet revealing.

https://youtu.be/TXJdopjDucI

I do wonder if we're dealing with Satan reincarnate in #MikeBrady

A confrontational knowitall.

We appreciate your interest but time to head for the door.

Hi Mike

0.5% has been used as a minimum grade/ cut-off whereby anything lower is disregarded from the calculations that form the resource estimate. My feeling is that the sentence should have been broken into two or a comma used.

If we look at GRC0004 we have the following:

128m @ 1.21% Li2O from 3m including:

70m @ 1.53% Li2O from 13m (incl. 5m @ 2.57% Li2O from 38m)

16m @ 1.36% Li2O from 115m

So, of the 128m reported, 86m is of at least 1.36% Li2O, with the majority 1.53%. I would therefore assume that the other 42m is graded between 0.5% and 1.36%.

This theme is repeated within the results.

We have decent grades near surface and we have broad continuous intersections at a very respectable grade. Mineralisation open to the north and north east.

I'm looking forward to getting the other assay results through. If they're anything like these we should be cooking on gas. There are evidently some very high grade intersections (above 1.7%) and if we can continue to find these whilst maintaining the 0.5% cut-off, we should be looking at a large discovery of quality lithium.

Where has he said that?

To save cash and optimise efficiency Earthling. Nick knew thst he needed to compete for and grab as much of Ecuador as he could and as a result we secured s huge holding.

They have learned from Cascabel thst gold is the way to deliver the earliest payback and this is why I'm so intrigued by Bianca Nieves (even if Wardy is more excited by the projects in the south).

It sounds like the intention will be the accelerate one of the regional projects, I would think to get this sold and to get the company to a position where it is more sustainable and doesnt need to carry out a capital raise. .

It could hinge on this Aguinaga update, dare I say it...

Any weakness will soon be bought up.