IXR (ASX) General Chat / Discussion

Originally posted by ChasingProfits: ↑

Thanks for the response SF2TH and agree with your summation.

To add some of my own commentary to the mix:

One thing that I like and respect about Tim is he would never pigeon hole us into a deal especially this early on in the development of Makuutu, he always likes to keep flexibility which ensures we as the shareholders ultimately extract as much value and knowledge from the deal as possible, the upside is always in our favour but the downside risk is also limited. I've actually never spoken to him but his actions speak louder than his words. I still remember when I was building a position in IXR, it was during the precipitous fall in the share price post scoping study release. I couldn't believe my luck that people were so myopic and selling me this multi-generational asset for the fraction of what it was truly worth - not factoring in mine to magnet/recycling potential here either. The only thing I regret, is not buying more, I should have been more greedy when others were fearful. Who also bought during that time, our MD, Tim, if I remember correctly it was for $30,000 at 0.026 cents. He did this not because he needed to but to protect and distil confidence in the broader market (to save mum and dad retail investors in particular) to essentially prevent the share price from falling further. That ticked my box with seeking management who have the utmost integrity, he also knew it was undervalued at the time but the first principal can not be underestimated. As you would be aware, MDs can issue themselves various share options and most receive approval at the blink of an eye lid especially at the small cap level and hence my commentary around why he didn't necessarily need to buy on market.

I agree with your sentiment that it is in our best interests to detach ourselves from China, supplying them with raw material/feedstock to separate and refine for them to ultimately sell the higher value end product to the marketplace is not smart business. Whether we have to supply them initially to fund parts of the project remain to be seen and agree that we should sign the minimalist offtake agreement in order to further our own objectives. I know Tim will make the right decision here and I am sure he is conscious about dilution and acting in the shareholders best interests. Ideally, would love for us to receive debt financing on part or all components of the project. 99.99% of the time, debt is cheaper than equity funding.

What I liked about the economics of this project is the NPV at worse case scenario was still to the upside even if we resorted to solely becoming an upstream producer with today's pricing metrics. I suspected we would move into downstream production similar to what ASM is trying to achieve and hence why I decided to invest in this company due to the low market cap but plenty of upside (For full disclosure I do not own any stock in ASM). The market cap is circa 1.3 billion for ASM at the moment. The economics, capex and opex requirements for both projects are vastly different but more pointing out that in my view our share price can have a similar trajectory over the next few years if our strategy is successfully implemented.

I have shared my views previously that it is my desire for the company to gain as much ownership as possible especially if we are going to refine, separate and create our own magnets. Ideally, would like the timing to be done pre this stage to ensure we have the most feedstock available to create our own high value products (similar to what China does with the rest of the world at the moment). You touched on a key point that I didn't consider was to keep our in country equity partners around long enough to tick all the boxes regarding mining licence application and then pounce shortly thereafter. I added in the pounce bit for emphasis and my own pleasure but I am certainly excited for the takeover play to happen in due course.

I also envisage, rare earth pricing to eventually have a rapid accent, not too dissimilar to what lithium is experiencing at the moment. When I am not sure, eventually the media and broader market will start realising the demand vs supply gap for rare earths is similar to what lithium is experiencing now. The recent article shared in this thread assists with that process and will eventually disseminate into the marketplace. Rare earth pricing has been increasing but not as rapid as the lithium year on year increase (2021 vs 2020)

Looking forward to watching the Makuutu project become a monster, cheers CP.

Expand

I also regret not buying more after the SP dropped after the SS, but did top up along the way non the less, am really happy with my holding in IXR and pretty excited to see where this company takes us, like I said on Friday, I bought 260k at 5.1c just before the SP took a nice run so was happy to see it close at 5.5c

Looking forward to the FS in Q3 and Applying for the Mining License in the same Quarter, this will have a massive de-risking effect on the project IMO.

Hold tight onto you Shares people and let’s look forward to some great announcements over the year ahead.

BOTC

No.	Vol.	Price($)
58	15363460	1.2¢

No.

Vol.

Price($)

15363460

1.2¢

Price($)	Vol.	No.
1.3¢	2567967	8

Price($)

Vol.

No.

1.3¢

2567967

No.	Vol.	Price($)
58	15363460	0.012
26	9030127	0.011
21	9300584	0.010
11	5117545	0.009
5	2863750	0.008

No.

Vol.

Price($)

15363460

0.012

9030127

0.011

9300584

0.010

5117545

0.009

2863750

0.008

Price($)	Vol.	No.
0.013	2567967	8
0.014	8015156	34
0.015	7690101	15
0.016	3234722	5
0.017	3450202	8

Price($)

Vol.

No.

0.013

2567967

0.014

8015156

0.015

7690101

0.016

3234722

0.017

3450202

(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.97M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$10.68K	880.4K


Last 1.2¢		Change 0.000 ( 7.69 %)
Open	High	Low	Volume
1.2¢	1.3¢	1.2¢	1536026
Last updated 15.49pm 30/05/2024 ?

I also regret not buying more after the SP dropped after the SS,...

Featured News

It’s hard to imagine a world without a mining company called Anglo American

Daily ASX Market Close: Index slides as basketball fan makes $40 million bid for Perth Wildcats, May 30, 2024

Daily ASX Market Update: Materials drags market under - May 30, 2024

The Big Deal: Welcoming Warren Tredrea's words on the business of sport

Sun Silver kicks off historical drill core assessment as US grant application underway

Buyers (Bids)

Sellers (Offers)

Featured News

I also regret not buying more after the SP dropped after the SS,...

Featured News

Top Stories

It’s hard to imagine a world without a mining company called Anglo American

Daily ASX Market Close: Index slides as basketball fan makes $40 million bid for Perth Wildcats, May 30, 2024

Daily ASX Market Update: Materials drags market under - May 30, 2024

The Big Deal: Welcoming Warren Tredrea's words on the business of sport

Sun Silver kicks off historical drill core assessment as US grant application underway

Buyers (Bids)

Sellers (Offers)

Featured News