The jigsaw is slowly being completed.All the edges have been...

First 4 Last

Share
Profile

Follow
hummms

1,529 Posts.

32

02/08/24

10:14

Post #: 75040292
Share

Originally posted by Martin288: ↑

I don't post on Hot Copper for IRD that much but gee how exciting was the Tactic Conference Presentation.
It must be the accountant in me but I was genuinely excited by the way it was spelt out and how the IRD are going about things.

Its in the top 10 green field sites in world for Magnetite, has all the permits ready to go,'shovel ready'. a Major international consulting firm quoted IRD in its top ten green fields so its getting world attention. Especially with the push to green .
IRD Has done an amazing job developing the Mine and Port strategy including solving the two major issues being water supply and power(Hydrogen deal with AMP).
With its side deals at the Port with SA Govt, AMP It has enough cash flow now to continue to develop the investment proposition including a stunning $426m royalty flow when AMP commence production.
Hats off to IRD board and management. Larry Ingle and team have worked very hard on this.

The government initiative of building desalination plant with an investment of $5b at Cape Hardy (FID pending) being the largest in the states history should show the generational significance of this project to Australia. It has been on the top ten projects of national Significance .Final Investment Decision in next 18 months.

Remember BHP, Fortescue , AMP and state funding feasability for desalination plant . Serious investment and the location is IRD Cape Hardy!

I am a holder for a very long time.
I am not aware of any project with as much of the risk diminished and as much upside.
We all understand its got risk as its not developed. But gee the up side from here seems to be well insured by IRD good management.
The huge holding by Sentient tends to keep this asset share price lacking any movement. No one is selling any large chunk. IMHO Sentient will soon have some calls from BHP, Fortescue and others to see if they are interested in selling to secure the asset. Its everyone's guess when this will happen but IMHO the major players are circling and doing their DD. There is no way BHP/Fortescue would commit to a feasibility on a project they don't own for nothing....IMHO They want to understand the economics of the site and then BANG!.Puchase. BHP and Fortescue are not a charity. Its getting a foot in the door for its shareholders so IMHO watch this space.
If not BHP/Fortescue then I am sure international players will come . It would pay for them not to wait till FID as that may make the price a whole lot higher...

Good luck to all holders like me. I am here to cheer this thing along.
DYO research. Not investment advice.
The train is leaving the station. All aboard!

Expand

The jigsaw is slowly being completed.
All the edges have been joined.
Most of the middle is complete.
We just need a genie to oversee the money flow.

IRD Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

ASX Market Open: Growing war fears to get Week 25 off to poor start | June 16, 2025

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $33.14M

Open	High	Low	Value	Volume
4.0¢	4.0¢	4.0¢	$600	15K

Buyers (Bids)

No.	Vol.	Price($)
1	76923	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	5279	1

View Market Depth

No.	Vol.	Price($)
1	76923	0.039
1	52779	0.038
3	350135	0.037
1	127000	0.035
1	100000	0.030

Price($)	Vol.	No.
0.044	5279	1
0.045	142450	4
0.060	67643	1
0.066	13400	1
0.082	35600	1

Last trade - 15.01pm 13/06/2025 (20 minute delay)

IRD (ASX) Chart

The jigsaw is slowly being completed.All the edges have been...

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

ASX Market Open: Growing war fears to get Week 25 off to poor start | June 16, 2025

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The jigsaw is slowly being completed.All the edges have been...

Top Stories

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

ASX Market Open: Growing war fears to get Week 25 off to poor start | June 16, 2025

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News