IR1 7.81% 34.5¢ iris metals limited

I saw that image earlier. It is clear hole 36 does not have a TW...

  1. 5,134 Posts.
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    I saw that image earlier. It is clear hole 36 does not have a TW of 90, it’s more like 70m ( as the hole starts from well inside the right border of the pegmatite). We also do not know if the 112m or 70m is has spodumene right to the borders (very unlikely it is). As you can see from the image below someone has added the yellow lines of 90m to the image released by IR1.

    If it was so obvious the TW was 70m or 90m I am sure the company would have included it in the image or the verbiage with the image.

    Call me cautious but I do not believe most of the information put on HC as on investigation I find it’s incorrect or misleading. The reasons for this are varied eg pump and dump, inadequate research and mis understanding how to interpret the details of the information in announcements, etc. Even some company announcements are bordering on being misleading and some are clearly designed to hype up the SP (have not found that with IR1 to date) There have been some very good examples lately with lithium stocks, particularly one stock which in my view the announcement was clearly misleading and one of its so called factual statements was clearly just wrong and could not be supported. Almost all of these stocks SP have gone up a lot, many hundreds of percent and then have plunged back to reality and the the few that have not are just waiting for the plunge in SP. https://hotcopper.com.au/data/attachments/5637/5637872-eefa648dd67fdb55bac8f0bd0f4845b0.jpg

    One needs to be very careful with information on HC and in company announcements.


 
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