IXR started with a Uganda mine - where is that up to?
BOD - "let's shelve that, it's not that good anyway.
Next, bought into Viridion, but don't worry as I'm on the Board there too.
Where is this up to?
Next. let's crush and re-sell REE from magnets, and we'll do it in Europe (so we can get our miles up)...
BOD "Oh crap, where will we get funding?"
1st CR 2nd CR 3rd CR
Where are we up to? Existing Shareholders NOT invited to partake in CR and totally reliant on a foreign Government providing the cash.
Feb 2025 sign an MOU for supply chain collaboration. Last time I looked you needed product to engage supply chains.
Another 3 months and no action? What is the timeline on this one?
And now the latest AGM we see the great Oz spruik from behind the curtain once again about "yeah, yeah, yeah, we're harassing them about Belfast - but LOOK AT THE OPPORTUNITY IN THE USA"... Barnem by all accounts couldn't tell a better verse..
I first bought into IXR in 2021 because I liked what I heard. The plan back then was to develop part of the mine site, refine and sell a bit of product. Develop further parts of the minesite, refine and sell more product. This process helps cash flow to progress forward without diluting shareholder value.
The BOD have ducked and weaved greater than Mike Tyson in his prime, so yeah, it's a lifestyle company..... Their lifestyle, not Shareholders. Junior mining used to be run on the sniff of an oily rag with BOD (correctly) first in line when their plans actually took off. Nowadays we have salesmen pulling in $500k + huge incentives even when they find or do nothing. I'm too honest to do one of those jobs.....
The share price has tanked 90% and you don't question the BOD? I don't have your faith any more.
IXR Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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