Does anyone know where the selling is coming from?
Can we only assume they are flogging it to participate in the capital raising?
I doubt it's Sentient, Columbia, management, other insto's <5%... so it bemuses me as to who is selling and why?
Ridiculous time to be selling this story, now that the PFS for stage 1 has the tick of approval (annd is 2.4mtpa better than we expected), even in light of a placement there are still many catalysts in the short term that will drive the price:
- Continued reserve upgrades
- Project development partner announced
- Off-take agreement
- BFS for stage 1
- PFS stage 2 (>20mtpa)
This is a good long term story that is being severely knocked around by il-liquidity in a poor market.
Reasons to own IRD:
- Iron ore story is still strong even when iron ore prices pull back to long term averages
- project could potentially produce >20mtpa
- Great management team (proven)
- Very good registry: Sentient ~29.5% (were largest shareholders in QGC, Andean etc), Management >10%, Columbia University (NYC) ~5.4%, I am led to believe another Ivy league US university is sitting just below the 5% threshold.
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Last
7.8¢ |
Change
-0.002(2.50%) |
Mkt cap ! $64.90M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.8¢ | $6.81K | 87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20306 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 93967 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20306 | 0.078 |
1 | 10000 | 0.076 |
2 | 95000 | 0.075 |
1 | 67000 | 0.074 |
1 | 41675 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 93967 | 1 |
0.084 | 15032 | 1 |
0.085 | 44045 | 1 |
0.090 | 44247 | 1 |
0.115 | 62901 | 1 |
Last trade - 11.39am 10/07/2024 (20 minute delay) ? |
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