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It just shows you how inept the AIM market is!
News, you have certainly taken this to the next level which unfortunately if falling on deaf ears.
LK & VM are the ones that identified May Queen and not NM.
News -
For what it is worth, I thoroughly enjoyed reading your notes and supporting rationale on each point.
You are correct, so many have missed the point and are riding share price margins over intrinsic value.
Amazing how informative and logical notes seems to quiet down the BB nonsense.
Perhaps Jolli will be kind enough to provide a cogent summary derived from your working notes.
There is only one explanation.
The London market is rubbish and can not see the forest from the shrubs.
Best in class at half the valuation makes no sense.
I say it again, either London wakes up and if not IRR need to go to ASX.
really!
All that was said was a copy and paste from Toro's thoughts.
Anyone waiting for the EGM results are game, i doubt very much VM went to EGM without having the numbers already stitched up.
For what is is worth, the sooner IRR gets away form AIM the better.
My humble opinions only of course.
how many share do i own and what is my average buy price?
no comps
no numbers
Congratulations!
What i do get is the minute you sold you and your friend started to deramp the stock.
Share your numbers rather than one liners.
Why is their post tax IRR and NPV so much lower than IronRidge's?
Tell me about their offtakers, royalty streamers, post tax IRR and NPV.
he keeps saying it because he is right for the wrong market.....AIM does not deserve IRR!
Just look are core lithium today on the ASX, 14.7mt Li20 at 1.32% just got fully funded today and have a market cap of £254m.
Can you explain this? and when will you provide your hard rock peer comparison?
It's irrelevant, this is IRRs show! Not Piedmonts or Tesla.
Dare I say Tesla are not ready to recieve product.
Premium course product will have buyers lined up from around the globe.
Well said Bozi!
IRR has already met the minimum DFS criteria by virtue of the scoping study results which are at the lower end.
If piedmont elect not to proceed they forfeit their entire interest in the project.
No flies on VM for the way the deal has been structured.....all or nothing!
A novel idea......do more research!
Today Pilbara Minerals accepted the highest bid of US$1,250/dmt FOB for SC5.5%
The strategy by his/her/its own admission is stuff rocket science is made .........The moment he/she/it sold IRR at 24p he/she/it was on the deramp.
This is worse than a Mumbai call centre.
Indeed, Toro has been a big believer of IRR irrespective of uncontrollable market conditions, and I doubt you have understood the market conditions faced not only by IRR but the resources equity market over the past 3 years.
When most other juniors battened down their hatches, IRR ploughed on and that is why IRR is perfectly poised to capture this next super cycle ready to deliver Ghana’s first fully funded lithium mine called “Ewoyaa”, a gold mine in Ivory Coast called “Zaranou” and with a nudge of luck a gold mine in Chad called “Dorothe” along with a treasury to fund the next round of discoveries.
Very poor form to be assuming you know what Toro’s average buy in prices is and dare I say his above water longer-term strategy will out perform any short term trader, unless of course the day trader is trading millions daily and not paying taxes…. you pay your taxes Bakuraku right.
Where are your peer comps for IRR, this is our 4th request yet still nothing tangible from the call centre which comes as no surprise given you supports a notion that a 9.47% stake in IRR is a blocking stake.
Lord Dhanvantari!
Piedmont will not hold a blocking stake at 9.47% of IRR.
As things really start warming up someone or some group could feasibly decide to try and take out IRR because it is a fully funded project retaining 50% of product. Now if some other group/ entity was to make a bid for IRR what do you think Piedmont will be forced to do let alone Piedmont’s all-American backers.
Now just up to VM to continue with the right strategic moves to make this happen.
You must have been a rocket scientist in a past life.
We all know nothing is being built just yet....top on the Mensa class for you!
Can you tell us IRR's nearest peer? Fully funded even?
At what point are you going to bring some constructive and knowledgeable research to the table?
You are boring everyone now.
Dhanteras, either you and/or one of your split personalities are entitled to your opinion(s) however they are best served when supported with some factual research or are you still trying to compare IRR to Zinnwald, Savannah or Kodal....None of which will be developed ahead of IRR's Ewoyaa lithium project.
3 or 4yrs makes no difference, IRR is way ahead of the development curve amongst its peers by virtue of geology, metallurgy proximity to infrastructure and of course fully funded (let's not forget this little minor point.)
In fact the timings will be perfect with huge supply deficits commanding even better SC6 prices.
Easy to say yet hard to achieve, in particular on AIM which usually commands a 25% discount plus an annoying warrant.
12m raised at less than 4% discount to market was pretty good going in my book and a 12month lock up would have raised zip i believe.
Maybe the board should have gone a bigger discount plus a warrant which still would have attracted zip with a lock up.
And in 12months everyone would be carrying on about a cap raise and a warrants overhang etc.
Like i said damned if you do and damned if you do not.
One can not compare the Piedmont lock up with the placement investors. Piedmont was very strategic and prior the deal IRR was trading at some 20% discount to the 20p placing price, so well done to IRR BoD in my opinion.