INR

4.76%

22.0¢ ioneer ltd

Thank you for the explanation!!,

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DeWirral

63 Posts.

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03/04/24

15:22

Post #: 73170443
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Originally posted by apt962: ↑

hi, that comment was more a show of my competitive nature and while I didn’t want to look like I was just knocking core Lith long term prospects (I want all Aussie and international miners to do well, the more we can mine the more we can build, progress and solve humanity’s challenges), I did feel that with the attention core was getting particularly during the pandemic, and where it sat on the production cost curve it was turning into a bit of a risky play for the short term (but it did have being debt free going for it). It was more to celebrate the small wins and that INR is slowly becoming higher valued in the market than a company as popular as core (don’t have to tell you how many times we have heard James tell the story of the tortoise and the hair in AGMs (think it’s up to 3-4+ now?) to actually see it slowly playing out between two companies that fit the descriptions well is amusing - and it’s important to remember the moral of that story! In an age where most have become addicted to gambling). The share price isn’t a full indication of the company’s value the market value, which is share price x number of shares outstanding (noting there are various different types of shares that can be issued with different voting rites etc. and OTC shares which INR still has from its global geoscience days), so when doing any fundamental analysis we calculate the fair value market cap (to compare it to the current market cap). I like to do both fundamental analysis (with miners anyway as it’s a sector I have experience in) and Technical analysis to plan when to enter and exit the market. Iv only been doing it for ~8 years now and am always learning still. My laptop is out of action till the weekend, so I’m limited with what I can share here on my phone. But for different reasons (my own TA) I feel baring any shock bad news (all word on the EIS has been positive so once it’s public we can read for ourselves to see if we share the boards optimism they have communicated in the AGM and Q updates so far) or unexpected lithium price crash I do think we are in the bottoming phase. I will just say this - trying to pick the very bottom of a cycle is impossible (until much time after more of the cycle played out) and for the short term it yields little (less) value, for short term trading INR did break a (several month long) down trend several weeks ago, and the newer/smaller up trend hasn’t broken down yet… but I have a long term outlook on INR, the long termers are here to accumulate what can become a cornerstone asset that can build intergenerational wealth, it’s not a quick fix/gamble, mostly as the shock isn’t liquid enough yet to trade well short term in large size to make any worth while profit from (IMO).

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Thank you for the explanation!!,

INR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 22.0¢		Change 0.010(4.76%)		Mkt cap ! $511.6M

Open	High	Low	Value	Volume
21.0¢	22.8¢	21.0¢	$735.6K	3.355M

Buyers (Bids)

No.	Vol.	Price($)
6	157663	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	263693	6

View Market Depth

No.	Vol.	Price($)
6	157663	0.220
9	162863	0.215
12	463053	0.210
10	304710	0.205
25	1117603	0.200

Price($)	Vol.	No.
0.225	263693	6
0.230	667741	18
0.235	366444	6
0.240	154907	4
0.245	17000	1

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 22.0¢		Change 0.010 ( 4.46 %)
Open	High	Low	Volume
21.3¢	22.8¢	21.0¢	1087609
Last updated 15.59pm 17/05/2024 ?

INR (ASX) Chart

Thank you for the explanation!!,

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