IXR 11.1% 1.0¢ ionic rare earths limited

Ann: Drill Program Commences at Rebeca Vein, Topacio, page-12

  1. 1,023 Posts.
    lightbulb Created with Sketch. 32
    I can see where you're coming from. While I'm tempted to top up at this level, I've probably invested as much as I'm willing to commit until this is a bit more de-risked.
    I'm pretty sure we know we've got a mineralised system there, but the first holes will probably not even tell us if it might be an economic, sizeable deposit. Some decent intercepts would be good to see though.
    The main issue for me is to see if Newcrest commits to anything beyond these first drill holes. In particular, under the agreement, they need to pay to exercise OVL's option to acquire Topacio by 19 Aug if I'm not mistaken.
    And there's probably a CR in the wings not too far off, so a share price boosted by some decent hits here would help.
    And I for one am still waiting for another acquisition,
    So, in a nutshell, a lot of balls up in the air right now, and I've got no idea where they're going to come down.
 
watchlist Created with Sketch. Add IXR (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
0.001(11.1%)
Mkt cap ! $48.69M
Open High Low Value Volume
1.0¢ 1.0¢ 1.0¢ $38.74K 3.874M

Buyers (Bids)

No. Vol. Price($)
30 12744651 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 3884650 5
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
IXR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.