Member Info for SharketMare

Anyone buying or selling shares - or expecting a market reaction for that matter - on the appointment of a Financial Controller should not be investing in the stock market.

Broadly agree Quady. FWIW I am not in the anti-Nick camp and agree with DBW. Like everyone else I was/am frustrated by the PFS debacle and the buck ultimately stops with him, but appreciate that he was able to take us this far.

Not sure if I have the energy for this today Quady, but:

1. BHP, NCM and CGP were not happy with the direction of the company whilst Nick was in charge. Personally I think that 'direction' and 'strategy' are synonymous
2. Now that Nick has been ousted, BHP, NCM and CHP are happy with the direction of the company
3. Therefore, I think it's fair to say that the direction/strategy of the company has changed under our interim CEO Keith Marshall

Quady, the current strategy is not the same as Nick Mather's strategy is my point. This is why our major shareholders are now happy with the direction the company is taking.

Nick spoke about 'shock and awe', turned to the Chinese and to FN for investment. We're not doing any of that now.

Morning Quady, as your rightly state "BHP, NCM and CGP seem happy with the direction the company is taking."

This is in light of Nick Mather being dethroned and Keith Marshall running the company as interim CEO.

BHP, NCM and CGP were not happy with the direction of the company under Nick Mather's reign, which is why they ousted him at the AGM.

Therefore, I think it's fair to conclude that a new CEO does have the potential to change the direction/strategy of the company, as we've seen Keith Marshall do just that, even if on an interim basis.

Morning Dean, my understanding is that as of the RNS dated 16/03/21 we had drilled 7,800m in 70 holes of the planned 12,500m RC programme completed to date. Of this 7,800m, we have reported on assays of 1,350m, leaving 6,450m that had already been drilled by mid-March that we will hopefully be updated on in due course.

Assuming drilling finishes mid-April, allowing 2-3 weeks for assays and another 2-3 weeks at least to model how this impacts the economics of the mine that will be built, I am hoping for/expecting transformational news towards the end of May or early June. At which point lithium prices will have hopefully continued to rise and demand for quality product will be sky high. Hopefully one of the expanded size of the asset or news of a JV will cause this to rerate substantially.

Tongue in cheek, Novicehunter :)

In all seriousness, happy to have added a few back at 22p and looking forward to whatever the future holds here. The inevitable fundraise this year may offer an opportunity to grab a few more depending on how the company goes about filling the coffers.

55p by Friday.. you would not want to be out of this over the midweek.. etc.

Senderos - good flag RE Resolute and Ghana. There appears to be little in terms of an explanation from the Ghanaian Minerals Commission the Minister of Lands and Natural Resources as to why their license has been terminated. However, I do wonder whether it has anything to do with this:"Resolute announced in December that it had agreed to sell the gold mine to China’s Chifeng Jilong Gold Mining for $105 million cash."There might be a geopolitical angle here that Ghana are remaining tightlipped on. Expect to see more and more about China's encroachment into Africa and how the West will respond over the coming months/years.Certainly one to keep tabs on.

This is one of the most enjoyable threads I've read on here this year..

Let's say Keith Marshall does get the job (and on balance I am 60% sure that he will). Given his experience with Rio in Mongolia, and how complex an operation Alpala will be, do we think he decides to 'go it alone' and raise the capital to build the mine as SOLG under his stewardship, or will he seek to mitigate risk to both the business and his own reputation by partnering with one of his former employers?

I don't know much about the character of Keith Marshall, whether he is the type to want to make amends for the Rio debacle or whether he is more risk averse as a result of that regrettable experience.

Nothing out of turn at all Bozi, I just take CD's posts with a large pinch of salt these days, which is a shame as I think he is one of the more informed and better quality posters on here. It is very clear though when he is invested and when he is not, he is a masterfully subtle ramper/deramper depending on whether he has skin in the game or not.

I added a few more here this morning FWIW.

Hope you are keeping well.

Colonel, just so we're all clear, what entry point are you looking for here? It can't be far off where we are now. Look forward to your Damascene conversion when you inevitably buy back in.

1.85M shares @ 20.50p in two chunks. Printed as sells - anyone care to speculate on whether they might in fact be buys?

Looks too big to be a PI.

Whilst the writing has been on the wall for some time now, IRR's corporate presentations show that we are firmly a lithium and gold play, focused in West Africa but with an exciting, first-mover advantage project in Chad, too. The Iron ore asset in Gabon and bauxite/gold assets in Western Australia are no more part of the long term picture.

For a long time the diversified portfolio of assets has been seen as a feather in IRR's cap. The lithium assets offer brilliant exposure to the EV boom, and the gold a nice 'hedge' against economic uncertainty continued central bank economic stimulus.

Personally, I think that the investment case here would be much clearer if the company sold off its proven, world class lithium asset in Ghana (and the untouched lithium licenses in Cote d'Ivoire) and became a pure play gold explorer. The funds from the asset sale could be used to 1) continue to prove up the targets at Zaranou and 2) get properly stuck into Chad (which will require considerable up front drilling costs).

This, accompanied perhaps by the oft-mentioned name change many on here pine for, would make IRR a simpler beast and one easier to comprehend for prospective investors (and perhaps even major partners...).

Extremely pleased with the progress here this year and long may it continue!

Morning Softrock, I agree. That line stood out to me as more ambitious and urgent than IRR's general tone of voice when publishing news.

We all know one sure fire way of fast tracking production, and you can be certain that type of announcement would put a rocket under the SP.

No Acker, they won't.

Surprised to see the pull back but quite pleased in all honesty. If the SP is around 3p on March 19th I will be adding.

I highly doubt the changes they had in mind at the time included a new CEO, Quady. Nick was stereotypically bullish and full of bravado back then - he wouldn't be putting his name to webinars and acting in such a way if he knew he was going to be out of the top job in a few months' time.

Moreover, we have known that Alpala will require a complex block cave operation for some time, if the plan was for Nick to go all along to be replaced by someone with the requisite expertise, why on earth didn't he go sooner so that we could have delivered an accurate PFS on time?

Sorry but your assertion that Nick was always going to step down is one dripping with confirmation bias.

"NM, was always going to step down at some point to allow a CEO with block cave mining experience to step in. But you know that."

Any proof to back up this assertion? Or just simply you trying (and failing) to spin the AGM debacle and Nick being de facto ousted from his role?