Friday was a very interesting trading day for IXR.
The morning auction had some big orders in at 1.2 and 1.3, with shenanigans and fake orders .
It did show us opening at 1.3 at one stage, but then some of the buys were pulled.
Regardless, we opened at 1.2 and had a strongish day, with decent volume.
So, it was and interesting morning....
However, the closing auction was more interesting again....
I have watched more of these closing auctions than i would like to admit to.
They say that dumb money opens the market, and smart money closes it.
Now, I don't know how true this is, but our auction was very, very interesting.
For the first time I can remember, the sell side held at 1.3 with no dumps to 1.1, or 1.0.
No games today, no BS, no dumping.....
1.2 wiped out and nothing to buy but 1.3....
Nobody budged and nobody blinked...solid 1.3 holding strong.
This is a great indicator of confidence.
Sellers were content to hold.
But if you Combine this with our OTC performance, which is at 1.3, the correlation speaks volumes.
Overseas investors are turning to IXR.
The markets are opening up for us and word is spreading.
Strong OTC, strong open, strong finish.
Confidence is coming back to the stock.
After a long, tough road leading to our strategic shift, our credibility is returning.
And although we are not at the lofty heights of all time highs, the market is demonstrating a shift in its perception of who we are and what we do.
We are no longer just a miner, held to ransom by China's manipulative ways.
We are an industrial minerals company, who can produce what the west needs...Nd, Pr, Dy and Te.( and of course more)
And we can do it without a mine.
We can set up faster and cheaper than anyone else.
We produce less Co2 than anyone else, and we can tune our patented refining process to what our customers need.
We can set up in any industrial park, in any jurisdiction and require minimal permitting and red tape.
Which makes IXR the fastest cheapest, greenest and most replicable REO producer on the planet.
Now most of us who have been here a while know this....... maybe the rest of the world is waking up to this too!
Let's hope so....
Good luck everyone.
(20min delay)