to post or not to post? I sold out today, after a few years of being a holder. Why?? Few reasons, a personal decision after reviewing my future goals for the next 5 years, and IVR doesn't fit anymore. I totally believe is silver and PM's, so the monies will be put into my other 3 Aust silver plays. Reasons: 1. Wasn't very happy with the tungsten purchase in this current economic climate, I see it as a $$ drain, would have rather concentrated on Paris and Apollo. 2. REE, is not my thing, I don't see this as the future for IVR, so again a potential money drain. 3. Lastly, most importantly, the final nail. Spoke a good friend whom has done some contract work for IVR, and he stated himself that the resource is of a great size and easily minable. However, his concern is that Andrew has not started the PEPR (Environmental Approval with SA Govn). This typically takes 5-8years. My Mate, was contracted to another SA company and it took him 3 years of just doing the PEPR to push it thru. So IVR is atleast 5 years away from PEPR approval and therefore 6-10 years from mining. Thus, the POS boom, may even pass by this time. AIMO of course.
There are some great uploads on the IVR threads and thank you for the shared information. I wish all all the best with your holding. Cheers
IVR Price at posting:
4.8¢ Sentiment: Hold Disclosure: Not Held
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)