IXR 0.00% 1.0¢ ionic rare earths limited

IXR Charting & T/A, page-26

  1. 3,911 Posts.
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    IXR daily 6.JPG

    Hi there,

    Simple daily chart.

    I've shown oversold stochastics with red circles below and drawn vertical lines to the corresponding share price.

    Looks like a fairly high probability of a bounce in the next week. How hard? That's hard to tell.
    but the runs looked a little better and longer when the MACD got itself going to which is shown above the stochastics in red/green.

    I think the price will bounce in that green channel towards the SS release.
    SS release indicated in purple and drawn.

    My status is none today, but i did have an order fill on friday at 1c.
    IMV if they can release the SS in november as planned they retain the project and achieve 51% ownership. I believe 1.5c-2c to be about the range come november.

    I free-carried few large positions recently in other companies OAR (up 1000% percent), FYI (150%) but still accumulating here. So take that as you will.

    Updated table below.

    IXR daily 7.JPG

    in terms of market cap to NPV only IXR and PEK are worth a look, but the IRR is still quite low for PEK and with 160M USD for capex still going to be difficult. They'd probably be the 2 picks for me, but solely invested in IXR in terms of rare earths. PM8 was really good value previously, but has since went up 500%.

    Most developers now priced between 3-8 times less than the NPV which is about right IMV. Naturally as you move to production the NPV's should be realised and thus MC = to NPV. There's clearly an outlier and IMV it's IXR. Also note the figures i have presented are based on the 5000TPA which is what i expect them to move towards. The SS IMO will be run maybe on 2500TPA because as i have previously stated i don't think they'll get the resource upgrade and will only be able to run the SS on the original JORC.

    SF2TH
 
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1.0¢ 1.0¢ 1.0¢ $26.73K 2.701M

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44 20341353 0.9¢
 

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Price($) Vol. No.
1.0¢ 4108761 15
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
IXR (ASX) Chart
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