re: Ann: Raises $21M to Advance CEIP Beyond P...
Great posts Radaz & fluffynymph!!
I particularly like about today's announcement that the wanted to raise $15m and raised $21m = 40% oversubscriptions and it was tightly placed with insto's and sophisticated shareholders.
Newsflow will continue with this stock and I expect that before 2011 is out we will see another resource upgrade with similar reaction to the previous one (i.e.: underpromise and overdeliver).
IRD now have a VERY good reputation for underpromising and overdelivering (resource upgrade, PFS and now cap raising).
Other catalysts are: - offtake agreement - partner for financing (may be the same as the offtake partner?) - Once they have this secured they will start the BFS.
If you own stock then you're in good company: - Sentient ~30% - Columbia ~5.4% - Duke ~ 5% - management >10% - At least another 10% of the stock is VERY tightly held.
IRD Price at posting:
98.0¢ Sentiment: LT Buy Disclosure: Held
