Very GA - will give you one later when I have one for you dear Gwaihir . Wise & good reminders of history other significant resources which ultimately have and will be developed.
NCZ was a shocking sudden heist. Completely organised and extortionist on shareholders. I also think corrupt, plus clearly they had colluded with other major entities who were in and holders & gave them their numbers to act suddenly that day. I had jumped way earlier.
The difference with NCZ to Ioneer is that management here I have more faith in. New century management no way had the nous to develop Mt Lyell, or the true will & talent to manifest the company.
Re Altura - horrible. Gravely unfair. Staff and management had given their all through years & indeed had pioneered, to me, realising the value of lithium for our future ; drilling and planning the development of the resources through years. All instead -suddenly ultimately secured by PLS. However in utterly shady fashion with US investment bankers foreclosing on Altura when they were in the final stretch! No leniency and nil loyalty or consideration- the deals already done behind the scenes to the advantage of brokers ?, plus investment banker international interests etal, who got in on the final low capital raise for Pilbara.
I also had not had the nerve to hold on to Altura but appreciated the efforts that had gone into the company by all who worked there. A lot of hard work through difficult times. The issue had always been lower lithium grades although globally useful and would be needed as is the case now.
I think INR shareprice has the look of Silbanye -Stillwater hands on it.
I had always thought Rio would buy Ioneer , when I first bought in in 2019 I think? Difficulties with Eastern European and Russian affiliated boron major global resources have only increased, + especially fact of Turkey being a significant global boron resource holder. Rio are major suppliers for the global boron market.
The INR shareprice does not make sense, with all the facts- this is an enormous lithium resource with maybe 100 years worth of mining, minimum 50 years already. It is environmentally friendly, with the immense boron as co- mineral that also will mean the lithium mining will be the lowest AISC in the world. Located within 100 kms major car and battery factory locations in Nevada, in the US. Years of work done, resources clear, chemistry sorted, all mining resources extracted to be globally needed as Turkish boron deposits from the past 100 years decline, and other deposits are also in geopolitical risk regions.
Amazingly I am near Turkey right now and visited for a day on Tuesday! Was glad to get in , and out—though normally would be amazing to visit the country. It is pretty unreal right now and security levels elevated everywhere. The region is fraught. All unreal. People are in degree of despair as their currency dives more this week and inflation is shocking. Awful economy but nationalistic fervour is being stirred and is overt everywhere there with celebrations of centennial of their becoming the country as now exists with creation of the Republic of Turkey 100 years ago this Sunday. Pictures of the original president up everywhere also.
I would not go visiting there independently though had wanted to in the past when last travelled in 2015. They are beating their drums having threatened Rhodes, & also Cyprus ongoing where they have effectively tried to stake ownership over % of the small country state. Cyprus is part of the EU. Rhodes is Greece & Greece history and presence through several thousand years. Italy held Rhodes after the ottomans were finally expelled. And did a lot of good and enormous restoration of Rhodes, Ottomans having laid waste and destroyed much and then built their buildings over. Furfey & crazy stuff for Turkey which is in terrible shape, and the Turkish president -to be touting the past glory of the Ottoman Empire & to be claiming borders and land to be reinstated,
Not great at all anyway and cause for pause also. Turkey was tricky several weeks ago when the Israel terror attacks and events occurred. Israel citizens would be best not to try to travel via Turkey out of their country to travel, indeed if this is even at all possible for them to get out anymore. Air space is closed except to government organised and military I think. Everyone with other country citizenship should have taken any opportunity to leave when their own country organised evacuations. Israel had to cooperate get their own citizens who were out of the country nearby, home also. Cyprus was used as nearby swapping area, citizens literally dropped off and picked up there at midnight swiftly on several days the first week, and Athens was used for evacuation flights for some US citizens besides.
There is US airforce presence right atm on Rhodes- to provide support for Greece there and is allowable as a country here is allowed to defend itself from clear aggression although not meant to build up defence conspicuously besides Will be good to leave but I spent 12 hours on Rhodes and will visit Cyprus tomorrow. Cannot believe I have ended up coming here during such a time. Tourist numbers are increased north but decreased hugely into Turkey and to the southern Mediterranean and Aegean .
Poland -also significantly increased defence buildup has occurred? Spoke to a polish man yesterday who literally nearly cried at idea of being an Australian, “you have freedom “ he said. Not having fought forever and now ongoing defending rights of your country.
Surely this all completely lifts the likelihood of INR resources development. I cannot understand why & how the shareprice is this beaten up.
Significant resources economically and very viable + globally important excellently located resources in the US- The US aims and intends to be secure ongoing economically and have all excellent needed resources to be self- sustaining as well as pursue climate aims and to lessen the power of oil and the situation we have with oil rich nations right now in our world.
Really no country can continue aggressive activities or increase & maintain their military systems and actions- unless they make their own people poorer and limit their rights as we are seeing, and / or are very oil and energy rich.
INR Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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