No IR1 is not going bankrupt.
However the SP is heading to 10c which would equate to a $13mill MC. That is what a lithium explorer with a half decent project that is currently not economic is worth.
LLI, CY5 - Both decent tenements - Both $10 mill MC. I give IR1 a 30% higher MC compared to them because IR1 - Beecher is on existing mining leases which is a positive.
Really hard to see this recovering anywhere near the previous highs. A $80 mill MC would be a huge rebound which could only happen on new exceptional drill results at Beecher and Tin Mountain. Which is still only around 70c at current dilution.
The previous $180 mill MC was heavily over priced in a lithium pump.
"When the tide is out you can see who is swimming naked" - @ $180mill MC IR1 was swimming naked for sure.
- Forums
- ASX - By Stock
- Ann: 2024 Annual General Meeting and Related Material
No IR1 is not going bankrupt.However the SP is heading to 10c...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IR1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.5¢ |
Change
-0.015(7.89%) |
Mkt cap ! $23.63M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 17.5¢ | $23.05K | 128.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13700 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1584 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13700 | 0.170 |
3 | 55795 | 0.150 |
1 | 2000 | 0.120 |
1 | 100000 | 0.100 |
1 | 10000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1584 | 1 |
0.180 | 106188 | 2 |
0.200 | 15000 | 1 |
0.210 | 4000 | 1 |
0.225 | 5679 | 3 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
Featured News
IR1 (ASX) Chart |