IXR

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1.0¢ ionic rare earths limited

Short Term SP Target, page-2

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Naza

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18/01/21

16:45

Post #: 50251578
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Originally posted by Wombat2: ↑

Hi all

I have been doing some short and long term planning or forecasting on all my stocks in the last week.

Forecasting IXR is not without it's challenges given the location in Uganda. It does however remind me a lot of when AVZ was about 3c and later surged to 25c a year or so later. That was in 2017 from memory. What AVZ and IXR have in common is that:
1. They are in central Africa,
2.They have a very large resource,
3. Demand for their metals/minerals is rising
4. Very high quality and or grade

But from that point on I think that IXR goes on with a whole raft of benefits that AVZ shareholders would sell their houses for:

1. Competent management
2. A stable ruling government in the country
3. Very low operating costs
4. Low capex
5. Comprehensive infrastructure including:
5.1 All weather roads in country and to port
5.2 Rail links to port
5.3 Access to a Port at Mombasa in Kenya
5.4 Electricity available
5.5 Water availability plus lake Victoria is within about 30kms
5.6 Mobile phone telecommunications
6. Rising demand for IXR's REE and HREO basket of minerals
7. Sharply rising prices for rare earths

That is an incredible list of virtues for a project in Central Africa

So given the above very impressive list and the ever expanding resource estimate I do not believe the SP will remain at todays' low levels for very much longer.

I therefore forecast the SP will continue rising following the news of the re-election of the President plus there is a huge amount of news flow to come in the next few months and for the rest of the year. This includes a revised resource estimate and a PFS.

I think that we will see a SP of 4.0 cents before the end of February and 6.o cents achieved post the issue of the PFS.

Beyond that will depend on the news flow from the company and I am not ruling out 10 cents by 31 December.

All IMHO.

Cheers W2

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Agree 100% with your sentiment, and analysis. The resource is proving to be excellent, and the macro conditions are bullish. The infrastructure to help us mine profitably is in place. Things can go wrong, but up until now it looks solid.

IXR Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
16 Upvote

2 Great analysis

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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $48.31M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$214.1K	21.20M

Buyers (Bids)

No.	Vol.	Price($)
5	4639149	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	6165424	9

View Market Depth

No.	Vol.	Price($)
4	4585049	0.010
44	19683410	0.009
24	13456200	0.008
10	6250171	0.007
9	6268333	0.006

Price($)	Vol.	No.
0.011	5985424	8
0.012	5313813	10
0.013	5414570	6
0.014	3130921	11
0.015	2234548	8

Last trade - 15.57pm 28/06/2024 (20 minute delay)

IXR (ASX) Chart

Short Term SP Target, page-2

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Short Term SP Target, page-2

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Sellers (Offers)

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