Sentient first invested in Rincon in 2010. They seem like the patient type who are willing to wait for the right time in the cycle to generate their return on capital.
Now is the right time for lithium - prices are soaring, EVs sales are booming in the EU and the big boys want exposure.
When is it the turn of high grade magnetite? Who knows, but I do believe is that our largest shareholder is going to want a serious return on their investment and when the right point in the cycle comes they will realise the true value of the CEIP.
Unlike many of us retail inpatients, they are willing to be very patient to extract full return.
Iron ore prices are rebounding and yet the asx market still doesn’t get it on IRD. They will come late to the party imo
IRD Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
