Just having a quick look here..
IT seems with a current market cap being over $100Million and the mention that there will be a need to spend over $120million with the first production being targeted for the fourth quarter of 2024, it is going to require some serious captial raising, joint venture, merger or alike...
Havnt had a look at IXR's current bank balance, but Im presuming the reason the SP isnt jumping in leaps and bounds is the need of dollars...
Surely they have something up their sleeve and a game plan.. IF I were to take a punt I would say there will be a large CR, mainly to sophs or a major player.. THe SP will get the true re-rate when all is revealed. its going to depend on the return revenue expected when everything is ironed out and production has started...
Ann: Mining Licence Approved for Granting at Makuutu, page-55
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $53.14M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $20.74K | 1.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1576027 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5680207 | 16 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IXR (ASX) Chart |