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3.13%

15.5¢ iris metals limited

Once we get all those issues you listed sorted there’s much to...

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letsee

1,362 Posts.

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18/06/24

11:06

Post #: 74366282
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Originally posted by sonu2alok: ↑

There appear to be numerous issues at play here:
Declining lithium prices and negative market sentiment.
Unprofessional management practices.
Lack of support from institutional investors and brokers.
Delayed drilling results and the company's failure to update the market on the reasons for the delay or change the laboratory.
Over two months have passed since directors were asked to depart, but the company still hasn't found suitable replacements.
Possible sabotage of the share price, perhaps as part of an underhanded power play for a forced takeover or an attempt to undermine the company (solely based on my observation).
It is improbable that this financial decline will be halted without management and institutional support. As retail investors, our influence is limited in this complex stock manipulation game. In summary, nothing seems to be going well for the company, and we, the shareholders, are suffering the consequences. The company cannot control global lithium sentiment, but any form of support from institutional investors or positive updates from the company/management could provide a much-needed boost.

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Once we get all those issues you listed sorted there’s much to look forward to and should be on our way !
Found this very interesting:
IR1 Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.5¢		Change -0.005(3.13%)		Mkt cap ! $20.49M

Open	High	Low	Value	Volume
16.5¢	16.5¢	15.0¢	$11.11K	71.11K

Buyers (Bids)

No.	Vol.	Price($)
1	13940	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	992	1

View Market Depth

No.	Vol.	Price($)
1	13940	0.155
1	61511	0.150
1	25000	0.135
2	38084	0.130
1	3000	0.120

Price($)	Vol.	No.
0.160	992	1
0.165	1650	1
0.170	20000	1
0.200	31020	2
0.235	3275	2

Last trade - 14.04pm 09/09/2024 (20 minute delay)

IR1 (ASX) Chart