IR1

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20.5¢ iris metals limited

Maybe @anatol might pass on this idea to his LTR contacts. All...

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wingedwarrior

6,524 Posts.

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29/04/24

16:36

Post #: 73563579
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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.

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Maybe @anatol might pass on this idea to his LTR contacts. All it needs now is a formally proven economic resource and funding as the mining licence is ready to go now. And funnily, this fairy tail involving LTR has been swimming in and out of my own head now and again - mainly driven by frustration with the huge difference in management styles of both entities.

IR1 Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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Maybe @anatol might pass on this idea to his LTR contacts. All...

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Nine's staff strike as Paris Olympic coverage begins

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Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

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Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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