IXR (ASX) General Chat / Discussion

Originally posted by docmin24 ↑

Not all on this forum will all agree and IXR is held hostage over ML is certainly having a serious impact on SP, so not the best 6-12 months for us holders. Tim needs to get aggressive now as these unacceptable delays are opening windows to competitors, especially in Aust where they have proactive govt support to fast track.

Time to step up Tim and our well paid board imo, time is ticking. Sad as we were ahead of the production curve now bought back to the pack and not a good look IXR. I hold you all to account for this situation.

Skijapan - I do appreciate your difference of opinions and you do have a couple valid points and I will investigate further.

Disagree that IXR can’t be profitable at these prices. Most ionic clay based companies are again still not near production and reserves are a lot lower.

Yes it’s concerning to me as other companies may produce before us now as being fast tracked into production as they are not in Africa which have better transparency and no corruption. We are losing our priority position the longer we wait by this costly delay.

Our economics are sound as we have a monster resource and it will grow further and given cheaper labour and production costs with low capex compared to many competitors. We will be profitable if we ever produce. Sigh!!!!! We can have a very profitable future if we act now and produce. Longer we stagnate the worse it becomes.

YES, Plenty of upsides and downsides for IXR until producing, especially with China controlling and so dominant with pricing and processing technology. But world is also changing quickly and this status quo of Chinas strangle hold will certainly change in years to come, confident of this happening. The west in coming decade will further detach their reliance away from china on many fronts. It just has to happen whilst tensions increase.

ML and funding can’t come soon enough and that’s our main negative as I see it in 2023 so far. ML has to come in 3rd 1/4 if not then this will be a significant blow for every holder ST/MT and significantly delay production and SP will continue to fall and I expect some changes have to be made at board level the longer we are forced to wait and achieving bugger all on this front.

Might have to disrupt this Boards over generous lifestyle if we stagnate any longer as they are seriously impacting everyone’s investment and losing our prime opportunity in the REE production market. It’s no longer acceptable and IXR have to act. I feel Uganda are playing with us imo. I do not trust them and my fear will the rug will be pulled from under us all. No time for being naïve Tim and board imo, time for action.

Longer we wait the worse it gets for us all and IXR.

Question to all as starting to think - is it China’s involvement in Uganda the cause of our ML delay, that’s my concern????? Something serious smells to me now!!!!!

Are we all fed mere lip service about our apparent strong relationship. Something isn't right here. What other conclusion can holders come to for these delays etc as we are in Africa/Uganda and things can happen a lot quicker than western countries.

Just look at the worlds top 10 wealthiest leaders of the world mainly African leaders occupy these spots. Let’s hope we are not being played.

Let’s all hope ML approval is in July and ease all our concerns as our economics are sound. GLTA.

Expand

"...Question to all as starting to think - is it China’s involvement in Uganda the cause of our ML delay, that’s my concern????? Something serious smells to me now!!!!!...."

yep Docmin, I have been wondering about that for a while now.
It is China's form to "entice" govt officials to give China's interests special treatment.
Just look at the situation in Solomons. Different heographic location - but the principle is the same.

China will desperately want to retain its grip on REEs - both for economic reasons, political reasons, and strategic/security reasons.

trouble is, these outcomes are beyond the influence of small players like IXR.

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Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $29.21M

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