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Well done Toro! Scale & Location are everything. Vince and the BoD are doing a great job IMO. Yes, it's frustrating but I believe there's a great deal going on behind the scenes. I was impressed by last week's RNS but have been busy on family matters since the New Year so relatively quiet. However, I really like the Cape Coast approach and the adding of new areas. 'Enhancing and consolidating the Company's ground position along the Cape Coast Lithium project corridor is an integral step in the Company's strategy of building a lithium project pipeline in Ghana. "We are very pleased to have secured a partnership with Joy Transporters and we look forward to working alongside them and our other Ghanaian partners to advance the Cape Coast project. Joy Transporters comprises a highly professional and experienced team with a proven track record in mining and stevedore logistics, which bodes well for the future development of our Cape Coast portfolio. "Additionally, comprehensive preliminary mineralogical studies at the Ewoyaa prospect have confirmed spodumene as the dominant lithium phase, providing confidence for a simple process flow-sheet.' For those interested I'll be doing a table/book on expected RNS in 2018 after 6 & 12 months.
Great post SharketMare, Your observations about IRR's strategic approach and social responsibility are very accurate IMO. It ties in with Sumitomo's philosophy and policy. It also reflected and very apparent in Vince & Len when you talk to them. I haven't met Nick Mather but people I know that have indicate he's the same. IronRidge are so very far ahead of the game in Chad. There is now another exploration company there from South Africa but not on the scale IRR are working on. The RNS with the words operational synergies are so clear in my head. Logistics are all good. Watch this space. Great post.
There's a likelihood that Ghana and Chad could be run at the same time. Joe was brought in for the Lithium wasn't he?
I'm still loving the fact that Len Kolff has brought in the excavator for the 8km strike length and untested areas. 'Length & Depth' bring it on. IronRidge are not messing about here and the excavation will be moving quickly. Refer to RNS and pictures. I'm sure we'll get more photo updates soon. So much gold.
Tweeted USGS data on Lithium
https://minerals.usgs.gov/minerals/pubs/commodity/lithium/mcs-2017-lithi.pdf Hopefully, this link will work. If not I've attached it to a tweet. Zimbabwe is mentioned but they've got some serious updating to do IMO. That was pointed out to the US Senate Enrgy committee in September? this year by Simon Mooresfrom Benchmark Minerals. Watch the Q & A with Senate via his Twitter feed. It illustrates how far behind the USA is IMO.
Nesty, all I can say is that you've changed. You didn't behave in this manner before, in fact you were appalled by it. You know what you're doing and it's an approach you seen applied elsewhere that it appears you've adopted. I'm about to top up once I've arranged moving money around the family but I wouldn't dream of trying to manipulate things like you are. I have more self respect and respect for other people's investments. The SP may drop or rise in the short term, who knows but to post what you have shows that you've changed your approach and to be honest I'm really surprised. I'm aware of of your calls on other shares and I could raise several points on those and on your trade calls. You know a few characters from ProBoards that remember trades and numbers and also know your entry and exit points. There are several people on these boards with photographic memories and you know a few. On TA, I believe we're still within different waves but that the 5th Wave will be big. IMO it's not so much what you've done. A better entry price is good for anyone but the manner in how you've gone about it, that's surprising and will distance you from a great deal of people that would previously have shared info and analysis with you. So be it.
Well said Mike. IMO the freefloat is so low because the company before going to IPO was set up with Assore, Sumitomo and DGR each holding a large slice. The other company whose name escapes me right now but is connected to Nick Mather, holds some as well; apart from that it's Pi. 25% had to be made available to Pi under AIM ruling. IronRidge didn't necessarily want that to be the case, that's a question for the board another time. However, the money that's held by Pi is relatively sticky money and puts an additional squeeze on the freefloat, reducing it down. That's why when it does move, it goes quickly. The days when we get valuation on any of the Chad assets or Ghanaian lithium coming through will cause this to rise quickly. Or the sale on of an asset could raise the m/cap considerably. Nesty it's not necessarily about getting it out of the ground. Nick Mather has, as an exploration geologist found and proved up several resource assets and sold companies on. $5.2 billion worth. IronRidge is set up differently from most other companies. It's about exploring and proving up the resources and then selling them on. SOLG are now different and may well go as far as production. Len is also an exploration geologist and is steadily building up the data across the Chad assets for example. He knows the detail required to prove up a resource but who knows what happens next. The operational synergies are good remember. Remember also that Sumitomo paid $195m for a gold exploration company in Canada in 2017. They're expanding their portfolio. So what's Chad worth to IRR? Let's prove it up and see. That's why today the prices are very cheap and money is sticky here IMO especially when we look at each of the countries, resources and assets in the PF.
Quite the contrary in actual fact Nesty. We've always discussed and considered any negatives openly, unlike other boards. However, your post came across as a classic deramp, the likes of you will have known on the other African share you're still in and I vacated. Or indeed on several other boards. It doesn't happen on this board for some reason. Regarding detrimental comments as you've identified yours as, I'm open to different thinking in case I've missed anything. But we also discuss potential problems. For example we've often said we'd like an update on Quaggy, May Queen and the anomalies to the South East. Toro has raised questions about the Titanium asset and further clarification or intentions for the resource and updates on scale. I would say Vince and Len were open to questions and concerns and wanted to understand our perceptions. I think that's strong leadership. I saw Toro, Farq & others pose challenging questions. The share price will do what it will do in the short term. I can only say that I'm extremely happy to be invested in here and will continue to hold and add. I've done well on the ASX recently and profits from there will come in here. Now why is that? I asked Len about increasing the amount of Aeromagnetics and Radiometrics. It's worked well, why not use it more often? Well they are planning more as was stated recently in an RNS. Len did explain it costs $15.5 a km and they have a hell of a lot of flying to do. It's the chief geologists job to identify all the target areas and fly strips. These guys are very busy and working flat out covering ground in the African countries. One other concern I had was that I wanted a better understanding of Joe's appointment and role. I'm happy with that now and all I'll say is DYOR on Joe, its all out there. Value will come through here IMO. As I said 2018 will be big and the Lithium & Gold are quality. Think about the Yukon / Alaska comparison. A big bold statement that. Somebody must be confident. Enjoy
I've known Nesty for a few years and it's not really like him which is why I was surprised. He was invested in IRR but is probably behind on his research. He likes his football so should know the difference between a Conference league team and a Champions Leauge finalist. One may have the odd really good player that will be snapped up by a bigger club for an inflated price that will keep the lights on for a year. However, the other one has a squad full of top players with a Balon D'or nominee too and doesn't need to sell players to function; it actually has multiple millions in the bank with more banks wanting to be involved with the club.
Nesty, There's a lot that's happened since you were in before. Are you looking to buy back in again? Or have you taken to charting and commenting on shares you're not invested in? There's a lot of progress been made in securing the foundations here and 2018 will get very interesting IMO. The Lithium story across Ghana & Ivory Coast & the Gold of Chad and also Ivory Coast say it all. BWTFDIK I've just spent a couple of days in London at Mines & Money talking to people who know a bit more about it than me. Len & Vince.
The same applies for 4p-12p, 11p-20p then the retrace and the long wait at around 11p-15p before the sustained rise to 48p. I remember who joined & bought into IRR at that time and what I believe was the catalyst. I feel it is a similar period that we're in now. I look at this way, we've been putting down really strong foundations and putting in the infrastructure since the strategic vision changed to diversify the PF and explore further in Africa in Chad, Ghana & Ivory Coast. ( That change for me is goal of the season on AIM). There aren't many or any companies doing what IronRidge is doing. It's acting differently than your average AIM rubbish. It's like a Major in many ways. There is $12.3m in the bank to advance things rapidly as pointed out by Nick Mather in the Annual report and those corporate backers just give me a warm glow. One thing Len did was give me a breakdown on the costs of a flyby for Radiometrics. It's not cheap and believe me he has all the numbers in his head and is careful about how the money is used. IMO they are dedicated to providing value, proving up resources and one things for sure, they don't stand still and are extremely busy. The real shift here will come when the numbers from Chad, Ivory Coast & most probably Ghana start to roll in. We could have several JORCs soon too. Dorothe is mirrored by Am Oucher and Echbara (I know the grades were not brilliant recently at Echbara but there's a great deal more to come) 'Good operational synergies exist within Chad' VM Look at the map and work out the value there in Chad. The market will catch up. Ghana is just huge on the Lithium front. ( I've been working out EV forecasts for 2025 today and the figures are staggering. Who's got the Lithium?) Ivory Coast the same, it's just one big licence. I can't post pictures on here but I have a lot on my timeline. Look carefully at the licences, who is in the area and the logistics for gold and Lithium. Also look at Iron Ore SP rising as the commodities cycle is changing. 'There are incredibly profitable opportunities for companies with high grade good quality Fe' Said by a panellist at Mines & Money on Iron Ore potential in 2018. IMO a great deal of the exploration work has been done and the numbers will come in on multiple fronts and excite us all. I'm very upbeat here and find it difficult to find negatives. It will happen and when it moves it goes quickly on the tiny freefloat I haven't even mentioned Australia, Quaggy & Monogoriliby
First of all, I apologise for not being around and posting on LSE recently. Although it is frustrating at present I can tell you that I am more than happy to wait this one out. There has been a great deal of progress in 2017 IMO and when you measure the year on year progress, I'd go as far as to say it's been an outstanding year for IronRidge. There's been so much ground work done and strategic planning that's now making real inroads across the PF and will bring big rewards in 2018.. I would say that I was extremely impressed by Vincent Mascolo at Mines and Money and that imo he's one sharp cookie who doesn't miss a trick. He was very open to questions, helpful and was surprised to the extent we know the sector and the company. Equally, I'd say that Len Kolff was passionate about the geology and the company, with a real eye for detail. It was weird seeing all the samples and get the story behind them. These guys are driven. I have to admit to being nervous when discussing Radiometrics, Magnetic images, costings, grades and licencesetc with Len and Vince. They were really great, accommodating and understood that I wasn't a professional but prepared to answer questions at length. My head has been buzzing all week and I'm still trying to put it all together. There is a confidence that is coming from Vince and Len. That convinces me I'm in the right place. The Poll that Toro has been running on Twitter is fascinating because Ghana has come out on top. We believe Chad gold assets to be rather good between the 5 assets but Ghana Lithium may take advantage of the Lithium Boom. I've calculated projected EV sales to 2019 today and when you look at some figures for 2025 it's mind blowing. I'm so glad I'm invested in here. My visit to London wasn't cheap but it was well worth it and great to meet the IronRidge team face to face. I'm staying in all the way here and adding more across the family as I can. There's so much more I could say but won't hog the board and I hope to post on a more regular basis. I'm only in a few AIM stocks but would be happy to be in just one. This one. One great thing was to show my research notes to Len, Vince and Eliza. I know Toro's observations were very well received and respected. I've posted on Twitter before about him knowing this company so well and in detail. He does, I can assure you. It was also great to meet the other guys from this bulletin board although briefly, who were equally clued up. Eliza from the PR was also there (she also works for DGR and Dark Horse) and it was great to put a face to a name and someone I'd conversed with previously. Going forward I believe 2018 will be BIG and 2019 even BIGGER DYOR and Enjoy Hfox1
A very positive RNS if you look at as another building block being put in place. Dorothe extensions and new areas identified as new artisanal workings are found within the licence. Aeromagnetics planned use at Dorothe and Am Oucher illustrates the confidence they have here. They were obviously pleased with results of the flyby. DGR influence maybe, DHR have used the same process recently. Accelerating things IMO. Part of the 'rapid advance' over the next 12 months. 8km trenching, infill sampling. All part of building a giant, block by block. I like the methodical approach.
Good post Toro and fair comments Mike. I'm still here and to be honest as excited as ever. After listening to Mike Beck's interview about Lithium supply & demand on the perfect storm it's very hard not to feel bullish. Toro's post illustrates clearly while IRR is so well placed. The Lithium scramble has truly begun. JV and backers are positioning across Chile, Argentina and Africa. I'm interested to know how VM sees the plan going forward regarding drilling. I understand how Chad will progress but am unclear about IRR's lithium. There are a lot of variables to consider. How much drilling and where as well as depth. Within the IRR there's growing experience and understanding around Lithium deposits. (Stu Crow has Brine and Pegmatite assets in Argentina and already has a drilling programme underway). DGR also have interest in Pegmatite deposits through Dark Horse Resources, near Lake's pegmatite asset. I bet all this was discussed informally around a lithium theme while they had a directors' meeting in Hong Kong recently. So going forward what's the plan? What are the priorities? Is there an announcement due regarding further funding from Assore and Sumitomo after their field visit? Either way I'm very excited, especially after recent RNS, tweets around NASDAQ (update pending) and what should be a very good week next week with Mines & Money in London and the AGM in Brisbane. Following on the the Lithium Mike Beck interview, listen to the Cobalt one and next week's Nickel interview. IRR is so well hedged. Enjoy being invested and hopefully next week will indicate next steps Also, the Lithium podcast is good. I tweeted it all recently (Hfox1)
2.00pm Brisbane
Good posts on here yesterday. I just think this is the quiet before the roll out of RNS from Vince. The 60p options are a clear indication of confidence IMO. I've said on Twitter today that I'd want at least £1.20 for those. I like it when you get a number of Chartists triangulating with similar outcomes. Bonker, Sierra & Emergo all have positive predictions, look them up. The 5th Wave will come at some point and will be big. The recent gold information from Chad shows what an excellent job the team have done. The Lithium exploration in Ghana & Ivory Coast is really exciting especially with the rapidly increasing attention to EV and Lithium ion batteries. If you haven't seen it yet take a look at Simon Moores interview/presentation to the USA Senate Committee for Energy & Renewables. (Look it up on Twitter) Simon is from Benchmark Minerals who recently did a World Tour of events and is a recognised Lithium & Minerals expert. The youTubeclip is amazing & illustrates how Lithium demand will surge & how unprepared the USA is for EV market expansion . (Stu Crow of IRR & LKE was on that tour with Simon). Congratulations to Nick Mather & SOLG for getting an award at M&M but that just shows where IRR is headed. Vince tweeted about lots more to come in 2017 and there's only a few months to go now, so now is the time to hold on and believe. Ghana & Ivory Coast Lithium results to come & Radiometrics to come. Plus Echbara Gold results from Chad. I think we'll get more but just that lot Would Babout recent Option price. Enjoy the security of IRR
There's certainly a lot in there Toro. Very positive and looking back at everything, it's remarkable IMO. Such advancement in a single year. Great strategic leadership. I'm particularly pleased that Quaggy is still in there as 100% owned asset on the back burner. May Queen Gold/Copper also caught my eye. Awaiting further confirmation on the detail of it so and those anomalies to the SE of May Queen. The prioritised focus on the Chad gold & Ghanain Lithium is clear and looks set to us excite us further in coming weeks. Ready to hit the Lithium demand as VM points out. It also sounds like the Radiometrics and flyby have given the relevant information required to progress further. Ivory Coast backs it all up. A really thorough annual report full of golden nuggets and clear indication of next steps. It's easy to see why Sumitomo, Assore & DGR decided to invest another £8.25m collectively recently. Well done to Vince, Nick, Len and the whole team. The addition of Jo seems to have been perfectly time. It experience will prove invaluable. Mines & Money in London will be interesting.
A thought *
I thought in my head this morning is from the Proactive interview Vince did and his 4% comment on Chad. I'd like an update on that. It was a jaw dropping moment for me. The scale, the potential & realisation. Even Vince couldn't contain himself and believe what had been found.