IXR (ASX) General Chat / Discussion

Originally posted by Scoota30: ↑

VMM are more than just a truck with a drill rig and soon enough they will have a MRE with potentially the highest grade & sized IAC deposit in the world, they also already have mining licences in place for some of their areas as well as clear and public support from the brazilian government. To be fair, I imagine this JV being signed now means that the refinery scoping study can progress at the same time as VMM's DFS for their MREC production so that when a FID is ready to be made to build the mine, the refinery hub can be built in tandem.

This deal now also means that when Tim is speaking to the supply chain, through the JV he has effectively doubled or even tripled the future REO throughput that can be offered. From the Crux interview Tim mentions that because the supply chain isn't in place at the moment, the supply coming online must be staged to meet the supply chain growth otherwise you end up with bottlenecks.

By doing this JV it basically cements IXR's place in the western supply chain more-so than it already was as of last week.

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Originally posted by Wombat2: ↑

Hi Golf36

I do understand your sense of frustration but at least with IXR they are moving forward brilliantly in Belfast and steadily (OK, slowly) in Uganda but the pace will pick up once the shareholding is sorted out which will put IXR at the stage where it can consider future funding . It does not appear at this stage that there are no undue delays whilst they are working through the refining the processing at the Makutu demonstration plant. After that is completed, IXR will need to raise capital to build a mining operation in Uganda.

I notice you also hold PLS. Well I was an early investor in PLS and it certainly had plenty of ups and downs whilst carving a path out to become a significant player in the lithium industry.

It is probably just a coincidence but my first share purchases in both PLS and IXR was at 0.9c. During the commissioning stage at PLS I sold out at 16c. I have certainly regretted that sale.

The nice thing about IXR is that it is both a miner, explorer and a mineral technology company which is in the box seat to supply the E car revolution and clean energy wind farms with the input materials of heavy rare earths that will be required.

I remain patient. I hope by Xmas that all investors, myself included, are feeling very comfortable with the IXR share price and the strategies for the various parts of the business. This story still has a long way to go IMHO and I anticipate still being a share holder in 5 years time.

Cheers W2

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Agree, plus VMM has support from local Government

VMM, Mining License + Infrastructure in Place

VMM timeline

Will not take 10 years to come online

Originally posted by Golf36: ↑

Tims been banging on about strategic partnerships for the last six months and what his come up with is a partnership with his buddy's in Brazil.

VMM is a small Exploration Company, basically a truck with a drill rig at the back and a couple of holes in the groud . To go from Explorer to full Mine Producer take on average 10 years, let say with Government assistance they can do it 5 years. So maybe in 5years from now we could earn a revenue in Brazil, big whoop.

In 5 years I'm hopeful that IXR would have Recycling plants all over the world and Makuutu has been producing
for 2years and our share is around $1, so I'm not that excited what VMM may or may not do in 5 years

Tim better come up with bigger partnerships than this one with is mates, I has so disappointed that I sold 11mil shares Tuesday almost half of my holding, I took a 50k loss , it just feels like they are trying to pump the share price to do a Cap Raise, I'm hedging my money, If share price goes up with a decent announcement I'm happy, If there's a Cap Raise I can average down. Good luck everyone.

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(20min delay)
Last 1.0¢		Change 0.001(11.1%)		Mkt cap ! $48.69M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$38.74K	3.874M

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