IR1 16.1% 18.0¢ iris metals limited

Ann: A$7.5m Placement to Accelerate Lithium Development in USA, page-95

  1. 2,012 Posts.
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    Your view is completely wrong!

    Do you not agree that explorers are speculative stocks, and that the market cap can fluctuate between undervalue, fair value, and overvalue?

    Did you ever stop to think that maybe at $250m market cap, it may have been overvalued seeing that it had only released results for 6 holes?

    I believe it's currently sitting at fair value for what it has released and my perceived catalysts for future growth from today onwards are as follow:
    1. 12 RC holes results impending any day now.
    2. DD holes results due early next year, expecting from late January.
    3. Raised another $7.5m to go explore, buy additional claims and drill further.

    Also, that video interview released yesterday should satisfy confidence.

    I'd rather believe management than some poster on Hotcopper ranting who got in at the wrong time.

    All I can say is wait for the DD results to finish instead of ranting like a headless chook without any contribution.

    Look at GL1 and WC8 for god's sake.

    Let us drill some more and show the market what are sitting on.

    Patience.

    Last edited by MoonRocket: 19/12/23
 
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