Member Info for SharketMare

Another 4000 shares added for me today. News so far this year has been good. Will be looking at add more if SP stays around these levels before the MRE, though I expect we'll see sentiment continue to build in anticipation of the news.

Will be interesting to see where we are SP wise on the day the news drops.

Looks like you jinxed it Eish!!

... to all long term holders. Big quarter for the company ahead of us, let's hope it delivers on the promise it has shown in Ghana and the Ivory Coast. Small top up for me today at these crazy levels.

All the best
SM

SuperRoty I fear you might be right. Very disappointing to see us being hammered today on no news whatsoever.

I don't think we will see below 80p in 2019 or 2020.

There is lots of good information posted on this BB about the huge forecasted demand for lithium, driven primarily by the shift towards EV in the automotive industry. That said, the price of lithium has declined by around 40% from the lofty highs of January 2018 when the penny dropped that this resource (along with cobalt and nickel) was going to be in higher demand over the coming years. The FT posted a good piece recently highlighting the oversupply of lithium and subsidy cuts for EVs being the key drivers of the decline in price. I'd be interested to hear people's thoughts on two questions:

1) Despite the numerous articles discussing demand for lithium for various applications, are we at risk of a global oversupply in the long term?
2) Should the world economy fall back into a recession - as economists and commentators are increasingly murmuring - what effect would that have on lithium prices?

On the first point, I would imagine that cost of production and quality of grade will become two extremely important determinant factors when establishing mine feasibility - and our results to date bode well in that regard. On the second point, I genuinely have no idea. My instinct would say that a global slowdown would lead to a decreased EV demand and therefore a knock on effect downwards on lithium prices. But then I also struggle to see the price heading much lower from here (possibly wishful thinking!).

For IronRidge, a lithium bull market as seen in the latter half of 2017 at a time when we are two or three financial quarters away from a JORC estimate in Ghana would propel this SP to new highs (in my opinion). I'm holding here until £1.00 and fully believe that price to be realised in 2020.

And we are down 3.39%.

That's not cricket.

I've genuinely been wondering whether it's been Jim Mellon who has been offloading his shares over the last few months, resulting in the dire SP we have today.

Another muted response from the market. I look forward to the day when this pops.

@Hodgefox - thank you for your lengthy and informed response on Chad.

When we last raised did we not also have work on Dorothe in mind too? As far as I can tell that has taken a back seat and we're now focused on proving up Ghana and CdI.

This dog of a share goes from bad to worse. God help us.

This looks VERY promising. Can someone confirm to me that the grades that we're seeing at Ewoyaa West (6%!!) should not be viewed in the same light as the numbers at Egyasimanku Hill (1.48Mt @ 1.66% Li2O, non JORC). If you look at Table 1, I think that the "Head Grade %" is the rock itself pre-recovered, then once it's been processed we hit the 6% number and have a "premium saleable product". Is that right?

- Spudomene confirmed as dominant material
- Low start up cost of on-site beneficiation using a "simply gravity" process

I'm reading this and believing that we're going into production.

Great news.

@Not2sure we simply won't be overlooked. We are sitting on a pile of an in-demand resource in a mining friendly (and economically booming) country where two huge car manufacturers have indicated they are looking to set up shop. It is simply a matter of time of proving up what we have in the ground - and it will take some time - before the share price reflects our potential. I don't anticipate a further raise before we have some solid numbers from Ghana. And those numbers will provide a welcome boost to our SP meaning that if / when we next raise capital it'll be at a decent price.

muchbox - given that VM and his friends and family have invested considerable amounts of their own capital in the company, how likely do you think it is that he's going to shaft either the investors or the market? Or are you just spewing baseless nonsense (again)?

Hi Hodgefox,

Thanks for your lengthy and considered reply. I'm still fully confident in the company and the strategy. Continuing to accumulate shares as and when possible which in turn is bringing my average down slowly but surely.

Have a good weekend all.

SM

How feasible is an initial MRE in Ghana before the end of Q2?

Is considerably bigger than it has been for a while. Think this is set for a move one way or another next week.

"You wouldn't want to be out of this at the weekend"
- wadnob, circa everyday since 2009

You are shorting 200k shares based on "if Assore decide to sell their 30%"? Why not buy 200k shares "based on if we find a suitcase full of money in Ghana"?

For me today, just another £250 in the pot. Will be doing the same at the end of the month!