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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ironridge Resources Limited | LSE:IRR | London | Ordinary Share | AU0000XINEX3 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 23.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 23.00 | 24.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 23.50 | GBX |
Ironridge Resources (IRR) Share Charts1 Year Ironridge Resources Chart |
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1 Month Ironridge Resources Chart |
Intraday Ironridge Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/12/2021 | 10:12 | Ironridge Resources Limited | 1,978 |
| 30/9/2021 | 16:31 | IRR : Ironridge Resources 2021 | 2 |
| 15/1/2021 | 12:02 | IronRidge Resources Ltd | 1 |
| 15/1/2021 | 11:01 | IronRidge Resources Ltd | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 09/12/2021 10:00 by lurker5 ON a cursory look this could be a bit ahead of events. Where did the Ewoyaa $789m post tax NPV come from ? Scoping study showed $345m and a DFS is still pending I believe. When will it be delivered ? And when does mining start ? Can't see answers in the presentations. If $345m is correct NPV, taking in Piedmont's contribution and after its 50%, ALL is left with a $225m NPV (from start of production) share - equals 36c/share = 27p/share (on current potential shares)which is too low to support current share price in view of other ucertainties. Happy to be proved wrong and no doubt good long term prospects. But too far away at prsent. And more info needed on where from the $789m NPV. If correct = 54p per share which would be about right for current share price. ie nothing further to go until production near. |
Posted at 25/10/2021 13:30 by ukgeorge Can't help but think that the share price is about to crash into the mid teens, purely on the pattern of the chart.Keeping some powder dry just in case. Really quite a disappointing year for the share price. |
Posted at 16/9/2021 23:38 by jlondon Oh, IRR*s mkt cap is £112m.Piedmont*s JV is US$102m which will pay for the studies, capex. IRR Cash US$28 million. From the above, just the JV of US$102m + US$28 million UNDERPINS IRR*s Mkt Cap. --- EBITDA IRR may have received US$52m [Piedmont JV 50% share of US$105m EBITDA per IRR presentation] With spodumene prices of US$2,500 for IRR*s SC6 instead of US$650 quoted in the IRR presentation, that is 4 TIMES MORE = EBITDA 4 TIMES MORE. EBITDA could therefore be US$420 approximately [105x4] = US$220 Million to IRR for 50% share. US$220 Million = £ 1 5 9 Million vs £112m IRR MKT CAP. P/E 10 of EBITDA = 1.59 Bilion [159m x 10] P/E 5 of EBITDA = £795 Million. [159 x 5] === IONEER MKT CAP A$1.14 BILLION [Only at DFS with JV Stillwater today. Capex full raising still to come as per my post today]. CORE LITHIUM MKT CAP A$700 Million [Only at DFS] This is £370m MKT CAP vs £112M IRR MKT CAP. IRR*s resource is 14.5Mt vs 4.5Mt 1.3% li20. On the other forum, they said its not worth digging the IRR deposit. So, again, missed info. [Ioneer and Core NOT MINING YET] == Something to think about. ALL FACTS. CORRECTING ALL THE MISSED FACTS. |
Posted at 16/9/2021 23:28 by jlondon UKGeorgeMay I respectfully answer? On the other forum of IRR, here are all the missed info: 1] Production time is 3-4 yrs. This is FACTUALLY WRONG. The poster does NOT realise that IRR*s lithium is SPODUMENE, not lithium hydroxide or carbonate which will need capex [capital] of US$785 Million and from the example shown today from Ioneer [Sibayne Stillwater JV] they can only start production time in 2nd half 2024. So, by SUGGESTING A PRODUCTION TIME OF 3-4 YRS WHICH IS NOT CORRECT on the other forum, it causes people to think that its a long way off. Maybe, the poster on the other forum does not understand what LITHIUM CARBONATE/HYDROXIDE is and what SPODUMENE is, otherwise production is only about 1 yr from the Core Lithium RNS/ANN to the Australian Stock Exchange. Lithium Carbonate/Hydroxide needs to produce the chemical and needs plant etc, hence why the capex is US$785m for Ioneer and production will only be 2nd half 2024. On the other hand, Core Lithium that is doing SPODUMENE like IRR will do an Investment Decision and then production could be END 2022. So about 1 yr if end of yr is the time of investment decision. 2] No one is aware on this forum or the other IRR forum that SPODUMENE PRICES have jumped to US$2,500 for SC6 which IRR is producing. Makes a world of difference when IRR*s presentation shows that their EBITDA of US$105m [100% of project] is based on US$650 for SC6. That is 4 TIMES MORE. The whole world per AFR is talking about this including known to Macquaire re: PlS auction spodumene price achieved on 14 Sep 2021. 3] People on the other forum think that IRR is producing SC5 which is a lower grade than SC6 which IRR is producing. 4]Yes, GeorgeUK, posting FACTS WITH LINKS/TITLES TO CHECK will counter ALL WRONG info with NO LINKS to check. 5] IRR said they are FAST-TRACKING. 6] SI BROKER REPORT ON IRR of July 2021- apparently no one is reading that either. On the other forum, someone posted that it is wrong that IRR spodumene is going to Telsa. SI Broker report of July 2021 via IRR website stated that Piedmont has an agreement to supply Tesla. SI also said that the Piedmont deal with IRR means that 50% of IRR spodumene off-take is going to Piedmont. When Piedmont receives IRR spodumene what will they do with it? They are going to process the spodumene into lithium hydroxide and that will go to Tesla. What ever raw material ie spodumene they are getting from IRR or anywhere else is going to supply Tesla. 7] Makes a world of difference that SPODUMENE is GOING INTO SUPPLY SHORTAGES in 2025 - 2 sources of info I provided from ie Macquaire & S & P Global. Already, Macquaire said in the PLS auction info that the prices of US$2,400 and US$2,500 for SC 5 & 6 shows the "DESPERATION." IRR*s EBITDA is US$105m for 100% of the project. With the PIEDMONT JV, 50% of this EBITDA will go to Piedmont. So IRR will get US$52.5 MILLION. With prices of spodumene at US$2,500 for SC6 instead of US$650 in IRR presentation, that is 4 TIME MORE = EBITDA 4 TIMES MORE ie nearly US$420 MILLION so 50% is US$210 MILLION to IRR if the prices are at this rate. ---SO UKGEORGE, ALL GENUINE SHAREHOLDERS OF IRR WILL WANT FACTS FROM LINKS/TITLE REF TO COUNTER ALL MISSED INFORMATION. Only dampers dont want FACTS. Hope that helps. With due respect. JLondon-Genuine Shareholder. Oh, I am not posting on your threads of which you own 3 I think from a quick look. I will check again when I have time. FOR THE AVOIDANCE OF DOUBT; FACTS ARE NOT ROOMPING. |
Posted at 16/9/2021 09:57 by jlondon News just out:"Sibayne Stillwater buys HALF of ioneer*s Nevada LITHIUM project in R7bn deal."-Moneyweb, 4 hrs ago. "Sibayne Stillwater to invest US$400m to advance ioneer*s Rhyolite Ridge.."-PR, 8 hrs ago. Above the same story. Proactive Investors AU reports on the above story and gives the following details: "Annual lithium HYDROXIDE 22,000 tonnes. EBITDA US$2 8 8 Million After Tax NPV [8% real] US$1.3 Billion. 18 mths to find a JV partner. Construction by first half of 2022, FINANCING six mths later, 1st product shipment 2 N D HALF 2024." Ref: "Ioneer Ltd strikes up US$490m JV with Sibayne Stillwater."-Proacti Comment: Ioneer*s capital cost is US$785M. This is consistent with lithium co*s wanting to produce either lithium carbonate or lithium hydroxide. IRR is into SPODUMENE which does not cost anything into 3 digit capex. The above is useful to see that to produce the lithium hydroxide, it takes ===LONGER ie construction by 1st half of 2022 with production 2nd half of 2024 vs Core Lithium above ie production END 2022 for spodumene.=== On the other forum, it is possible that folks have NOT looked at the EBIDTA FOR IRR NOR NPV. ===Just compare IRR*S LITHIUM PROJECT WITH A EBITDA of US$105 Million a yr [if US$2,500 spodumene EBITDA US$420m] vs Ioneer*s US$288m EBITDA.=== Both will have 1/2 of the EBITDA after JV*s. This is with a sale price for spodumene of US$650/t COMPARED with 14.9.21 auction price of US$2,500 for SC6 which is ---4 TIMES MORE approx EQUALS US$420M EBITDA [1/2 to IRR]---- Macquaire also MULTIPLIED PILBARA*S [PLS] EBITDA by the increased auction price they achieved at the 14.9.21 auction and this was posted yesterday. ===IRR MKT CAP £118m @20.72.[Pre-DFS & Fast Track?] JV Piedmont ===IONEER MKT CAP A$1.14 BILLION [DFS] JV Stillwater today, 16.9.21 ===CORE LITHIUM MKT CAP A$700 MILLION [DFS] |
Posted at 15/9/2021 18:40 by jlondon -----Australian Stock Exchange wrote to Core Lithium------hxxps://hotcopper.co "ANN/RNS, 15 Sep 2021: Response to ASX Price Query." "Price Sensitive: Yes." The mkt cap of CXO has jumped to A$704.2 Million @45.5c. "Q:Is Core aware of any info concerning it that has NOT been announced..." Answer: "Core is one of the VERY FEW LITHIUM DEVELOPERS GLOBALLY THAT ARE READY TO START NEW CONSTRUCTION in 2021 to take advantage of HIGH SPODUMENE PRICES." "Significantly, Core notes that yesterday, a spodumene concentrate cargo from another Australian producer SOLD for an approx equivalent price of US$2,500... Core is the only Australian focused, ASX listed co*s to JOIN THE R A N K S OF N E W SPODUMENE producers between now and END 2022." "Core has recently FINANCED the Finniss lithium project and is PREPARING TO MAKE A FINAL INVESTMENT DECISION in the coming WEEKS ahead of the construction on the project before the end of the yr and TARGETING FIRST PRODUCTION E N D 2 0 2 2." === Comment: From the above, it shows that Australian investors were aware of the Pilbara Minerals Auction price obtained at US$2,500 for SPODUMENE. As said by AFR, it sent tongues wagging around the world + mining industry. The share price of Core went up and hence the Australian Stock Exchange asked the above question. It is useful to know that UPON AN INVESTMENT DECISION in the coming wks from 15 Sep 2021, it takes roughly 1 YEAR TO START PRODUCTION GIVEN IT IS A MORE SIMPLE PROCESS producing spodumene. IRR*s process is even simplier hence why it is the lowest cost producer in the world together with Sigma. Core is one step higher in capital cost than IRR. From the official answer, I now have an idea how long it could take to start production although NO two co*s are the same. It does give an idea only. However, on the other IRR forum, they are NOT aware of what is happening to spodumene prices or Pilbara*s auction price on 14 Sep 2021 that was achieved which was termed "insane" by the S& P Global a/c mgr on Twitter which I posted. ==IRR is "FAST-TRACKING" their lithium project per the info so one should hear more.== |
Posted at 15/9/2021 10:33 by jlondon George Roach of PREM tweeted:"SPODUMENE PRICES SURGING HIGHER. Recent spodumene auction achieved a closing price of $2,240/dmt- "A REALLY CRAZY HIGH ONE." Limited supply , high demand driving prices up." 1 hr ago, Wed, 15 Sep 2021. PREM embedded a link to SPGlobal on the Pilbara Minerals 14 Sep 2021 auction for the above. IRR produces C6 which is higher grade and quoted by Pilbara to be US$2,500. ToroAIM showed a chart from the broker to illustrate IRR*s cost [capital] shown to be at the lowest. I have copied down all the other names and unfortunately all the other co*s shown [lithium exploration] are at the higher cost curve with PREM shown highest. --- IRR TWEET yesterday: They are exploring the rest of the other satellite prospects near the main lithium deposit. SPLIT I recall Mascolo*s interview stating that Piedmont visited the site etc, then months ago. He sort of said that if Piedmont did not want to offer, then ...suggesting that there Piedmont was not the ONLY one? So, that is what I took from the interview but not sure as I viewed it quickly then. There is actually no real need to SPLIT the LITHIUM out into a separate co except it TIDIES UP THE CORPORATE STRUCTURE AND LISTS THE ASSET [LITHIUM] SEPARATELY FOR LEGAL /CORPORATE PURPOSES? Now that IRR is continuing to search for more lithium in their LICENCE area, it will expand the current RESOURCE which is in demand. What happens next? A/c to the other forum, it is said IRR has £28m. I thought it was £25m. So, the splitting of the co is not to enable it to be separately financed so, one has to see in the next stage what the reason is. A/c to share price Angel, they commented that the deal is due to the management. Given it is a sister co to Solgold, IRR had no problem getting capital to drill and did not need to do a cheap JV for another co to pay for drilling which is modest relatively. Wed, 15 Sep 2021. |
Posted at 14/9/2021 20:35 by jlondon Chrysalis99Agreed. Mentioned 4x relating to the "insane" price of spodumene [US$2,500 vs US$650 in the presentation of IRR relating to their cals]. US$2,500 is for SC6. US$2,400 is for SC5. IRR*s SPODUMENE is SC6. Just imagine, US$105m EBITDA x 4=US$420m or £304m [£1=US$1.38] for 100% of IRR*s lithium project. IRR*s EBITDA share is 50%= £152m V E R S U S £ 122m MKT CAP @20.8/21.2p, today*s share price [US$2,500/t for SC6]. P/E 10=£1.5 B I L L I O N [implied cap] or P/E 5 = £760m [implied cap]. ===If say, P/E 10 £1.5bn for 50% share of project, IRR share price should be >10x today or P/E 5x today.==== Yes, Chrysalis99, PRODUCTION COSTS REMAINS THE SAME so EBITDA is even more but for simplicity at the momo, 4x is as above. Maybe, people will faint if EBITDA is way more as you said. ------------MKT SLEEPING? - HAVENT DONE THE SUMS OR SEEN THE "INSANE" SPOD AUCTION PRICE GOT BY PLS today in their official RNS/ANN of 14 Sep 2021. Its all over Twitter. On the other forum, they also dont know.---------- Core Lithium is no further than IRR and in fact they are further off given they are in the process of gathering wonga /capex for their project. So, IRR is further down the road and given it could be FAST-TRACKED per info? If anyone has contact or can contact Vincent Mascolo, then perhaps they can press the button to fast track with immediate effect given Piedmont is giving them money to bring the project to fruition? With that type of EBITDA, why, I am sure dividend is on the cards as norm? I recall someone mentioning it or someone had asked IRR about this? TWEET: "$2,240/t for spod is MORE THAN DOUBLE the PEAK of the last rally...Competition surrounding tight lithium feedstock supply seeing more converter margins passed upstream." -14 Sep 2021 |
Posted at 14/9/2021 16:19 by jlondon IRR EWOYAA LITHIUM "IS THE MOST ECONOMICAL" HARD ROCK IN THE PLANET.Toro_AIM shows a screen shot of the chart for IRR [light green dot for direct shipping ore] with the left side showing Average Opex vs light blue dot like Piedmont,PREM, Nemaska which indicates DMS with FLOATATION. Dark blue dots are for Soyona, KOD which is floatation. PIEDMONT DEAL WITH IRR Piedmont would provide US$102m which will pay for the full capex [capital costs] + studies etc. Why? Only IRR*s Ewoyaa & Sigma are direct shipping ore with no need for floatation etc & hence why the cost is THE LOWEST. It is UNHEARD of for any lithium co to provide the FULL CAPEX - example Ganfeng only took over BCN after they had paid for their share of capex which is not direct shipping ore. Not only pay for full capex but studies etc + TO KEEP 50% OF THE PROJECT. Cant find ANY that attractive as usually even in gold deals, co*s only get to keep max 30% for help with drilling only. The only logical reason is that Piedmont wanted to secure the deal? GOLD PROJECTS Appears all free. Current IRR mkt cap £122m. Piedmont is paying out US$102m + IRR is said on these forums to have £25m cash. I have to check later re: cash. ASX LITHIUM Core Lithium which has the Finnis project in NT, Australia jumped 27.1% with a mkt cap of A$688 Million [£364 million as the exchange rate is £1=A$1.89] Core is also listed on the chart above noted light green but one can see the capex is just below US$400 from Toro*s chart. hxxps://hotcopper.co So, lithium stocks are reacting to the lithium price. IRR RNS, TUES, 14 SEP 2021 Today, IRR has found MORE lithium at Ewoyaa. This is norm as co*s do not wait to mine all the lithium and then start to look around. Even Core is looking for more lithium in their licence and bought a FURTHER LICENCE near them. Hence, why Michael Bond as above said the lithium price is "INSANE." But no one appears to know in the LONDON MARKET as to the PLS ANN/RNS of today showing how much they got at auction is SC5 US$2,400 and SC6 US$2,500!!!. US$2,500 is 4 X what IRR stated in their latest presentation of US$650 for SC6 for their SELLING PRICE & thus the EBITDA as above. Tues, 14 Sep 2021. |
Posted at 14/9/2021 15:18 by jlondon IRR Latest Presentation on their website:Ewoyaa Lithium Project US$650 SC6 [Selling price] Payback <1 yr. EBITDA US$105m [or £76m given £1=US$1.38] Piedmont deal with IRR is for 50% of the project which means IRR*s capex is paid for [U$68m] plus other expenses totaling some US$102m. IRR gets to keep 50%. So, the EBITDA means that IRR gets £38m a year. If P/E is 10 as norm, then the market cap should be £380m [38mx10] Currently, IRR at 20.8/21.3p = MKT CAP £122 million. So, that is 3x today*s share price [122x3=£366m] or 63p. If P/E is 5, then mkt cap should be £190m or 31.5p. The broker target price [Liberum] is 32p or £185m. So, one can see the broker used a conservative P/E. ===SC6 SPODUMENE SELLING PRICE PER IRR PRESENTATION IS US$650. PLS AUCTION SHOWS SC6 SPODUMENE IS US$2,500. ==THAT IS NEARLY 4 X MORE ==== So, just multiply everything by 4x more? Ref: My post above re: PLS spodumene selling for US$2,500 SC6. IRR*s spodumene is one of the lowest cost as it is direct shipping ore. The cost of processing is shown in the said latest IRR presentation - from recall its about US$278? Kindly check. Tues, 14 Sep 2021 |
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