IR1

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36.5¢ iris metals limited

IRIS General Discussion, page-787

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sonu2alok

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29/04/24

16:32

Post #: 73563471
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Originally posted by JandJ: ↑

Hi Guys, still no enthusiasm for this poor little devil - you would not believe it has huge intercepts on high grade pegmatites.

Is it just a left over from past lazy management? And have the new team not yet had time to turn the ship around ?

I have spent some hours reviewing my holding in Liontown (LTR) in the light of today's ann saying their construction at Kathlene Valley is 90% complete on the critical path - and that they still have ~$350 mill in the kitty and also have the $550 mil funds and govt agency debt facility to draw down (if needed for the expansion plans).
First production mid 2024, promised, and a certainity IMO.

Go look for your selves.

That is what we should be aiming for - and should be well on the way to achieving.
But it seems this company is well entrenched in Perth - and is more interested in which swank restaurant and what's on the menu for this Friday night than making a go of a venture that many small investors have supported with their hard earned.

Wouldn't it be great if LTR decided their second Li plant was to be in USA and made a bid for us - what a change that would bring about.

Maybe an initial shock when we saw the price - but at least we could count on getting our investment back - and then divs for life, or whatever.

So what would happen if we all wrote and said "Hey Tim, we got thick pegs at high grade, and first mover advantage in dem Black Hills over deer. We can promise 30% (or whatever) - how about you start buying some like at Endeavor (ENR) last week (Tim's CHN bought 6% for cash) - maybe chat to Gina too.

Ah well, just dreaming -

....But should we run the hat around and see how many shares we could offer. Sorry I only got 70,000, but they cost a lot !! Any one can say what SOI is -- I went to the website but got lost.

Maybe only 50 or 60k would do it. Just loose change for LTR, but I would take shares willingly.

Expand

That seems to be best case scenario (still hypothetical). It seems that they are still in old management syndrome and didn't able to focus on what's next! Some of the recent announcements /Communication to ASX still referring old Chairman

You are not alone, I got over 200k shares at Very high price, seems we are bunch of retails stuck here and hoping for some miracle to at least get our capital back

IR1 Price at posting: 35.0¢ Sentiment: None Disclosure: Held
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Last 36.5¢		Change 0.185(103%)		Mkt cap ! $50.77M

Open	High	Low	Value	Volume
19.5¢	37.0¢	19.5¢	$766.3K	2.773M

Buyers (Bids)

No.	Vol.	Price($)
2	30721	34.0¢

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Price($)	Vol.	No.
37.0¢	46390	1

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No.	Vol.	Price($)
1	30000	0.340
1	3000	0.330
1	15000	0.290
1	6000	0.285
1	10000	0.270

Price($)	Vol.	No.
0.370	46390	1
0.380	18329	1
0.390	50000	1
0.400	59200	2
0.410	10000	1

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IRIS General Discussion, page-787

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

IRIS General Discussion, page-787

Top Stories

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

Issues emerging as Australian companies tackle critical minerals challenge

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News