IXR (ASX) General Chat / Discussion

Originally posted by rover22: ↑

I think you just need to show some patience...Binding off take agreements aren't signed over night and IXR is a small company where large companies aren't just going to make an impulsive decision. Our demonstration plant not that long ago started the 24/7 cycle...We also require LCM and Ford time to analyse these samples. I have no doubt there are other companies interested and may well be getting provided samples, but as we keep hearing the West is slow to react or invest in the RE space...Especially while it is so cheap to get Chinese RE product...However government pressure from around the world is building on companies to show some proactive initiative and make changes...Governments start with messaging and giving companies time to prepare but there comes a point where they force companies to oblige. The Chinese tension ain't going away.

IXR are doing everything to get product into peoples hands. As we keep hearing, we are a Rare Earth company actually producing rare earth products both in Belfast and Uganda..Not sure many others can claim this...We are ahead of lot in this game. I am keen to potentially hear of more JV refinery projects in Brazil (the theatre of Rare earths)..While the main concern I believe for IXR is now the larger cashburn, we are demonstrating that we are fast growing development ready company where large amounts of money have been invested to run our projects...You gotta spend money to make money...Rome wasn't built in a day.

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Originally posted by rover22: ↑

Have they signed binding off takes or simply an MOU that states "yeh look could be interested but not locking ourselves in"? These non binding MOU's you speak of aren't worth much. AR3 and MEI both signed non binding MOU with Neometals ages ago..anything happening with that?

What IXR have with LCM and Ford is an actual supply chain project being properly tested and supported by UK government. You have to realise our off take negotiations are also taking place with companies that are rolling out a whole new sector of their company (Eg. EV's). The EV market is fluctuating a lot. I'd rather IXR get a concrete contract with someone. Not just a fluffy announcement that looks nice.

Also your reflection of the company based on you being $400k down has nothing to do with their performance. You invested in a small cap sector which clearly is in a Bear market right now..and a commodity based company that has their commodity price at an all time low...IXR can't completely control the SP of the stock..the market will do this, however they can manage how they run their operations, assets etc...and since your first investment 2 years ago I would argue they have achieved a lot. They are putting funds towards things that actually develop a company. 2 years is a very short time in a small cap company that has only reached real development phases recently. The sentiment in IXR and the small cap world is not in a good place right now..I just want management to ride this storm and continue doing the job they set out to do.

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Excellent posts and agree,

This is almost in concrete now, DD is whats left

Once testing is completed

Unfortunately it takes time, just need to wait a little longer, I'd say in 2025 all will come to Fruition, 2024 is setting up for the final Launch

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General Chat / Discussion, page-9560

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