IR1 7.69% 24.0¢ iris metals limited

IRIS General Discussion, page-6

  1. 3,427 Posts.
    lightbulb Created with Sketch. 783
    Enter trading halt at $0.63.

    Re-instatement after lengthy voluntary suspension with announcement of:
    - seemingly high quality lithium acquisition... The stuff is visible in historical open cut mine walls... Initial exploration funded and to commence immediately.
    - W.A. gold exploration drilling to resume late Q2/early Q3 ie imminently.
    - $2M placement completed at $0.40 a few weeks ago.

    That's a broad summary of what they are up to.

    My question is, what's going on with the SP approaching the IPO price??? I understand the macro forces at play and the profit taking by the early participants BUT surely the SP is well undervalued right now??

    Good luck all.
 
watchlist Created with Sketch. Add IR1 (ASX) to my watchlist
(20min delay)
Last
24.0¢
Change
-0.020(7.69%)
Mkt cap ! $32.40M
Open High Low Value Volume
26.0¢ 26.0¢ 22.5¢ $48.36K 201.0K

Buyers (Bids)

No. Vol. Price($)
2 75000 23.0¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 24637 1
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
IR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.