IR1 2.86% 34.0¢ iris metals limited

IRIS General Discussion, page-6

  1. 3,324 Posts.
    lightbulb Created with Sketch. 737
    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
34.0¢
Change
-0.010(2.86%)
Mkt cap ! $44.04M
Open High Low Value Volume
34.0¢ 34.0¢ 32.5¢ $90.67K 271.3K

Buyers (Bids)

No. Vol. Price($)
1 14000 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 29446 1
View Market Depth
Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
Last
34.0¢
  Change
-0.010 ( 1.49 %)
Open High Low Volume
34.0¢ 34.0¢ 33.0¢ 61967
Last updated 13.25pm 17/05/2024 ?
IR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.