IR1 4.65% 22.5¢ iris metals limited

IRIS General Discussion, page-6

  1. 3,504 Posts.
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    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.
 
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