Ironridge Resources Share Discussion Threads

[andrbea] 08/3/2016 15:57

A reminder
from Aug 2015

Proactive article:

One analyst in London describes the company as a play on the next iron ore bull market rather than on the current conditions, and with Assore and Sumitomo well positioned to support the company through the ongoing bear market that does have a ring of truth to it.

But as Mascolo’s already said, there’s plenty of news flow on the way and that may well rewaken a jaded market to the potential offered by one of the few iron ore juniors that’s actually doing anything at the moment.

A country manager has just been appointed to oversee an ongoing programme of work being conducted by renowned industry consultant SRK Exploration Services.

The thinking is that SRK will help the company prove up reserves of high grade direct shipping ore that can be dug up at minimal cost and sold directly into the market.

If Tchibanga can generate early cash flow on top of all its other attractions, that really would be the icing on the cake.

[fillipe] 12/5/2015 11:38

An interesting lock-away.

[...]

f

[andrbea] 18/2/2015 17:21

Feb 13 2015

The trend Indaba attendees talked about over and over in Cape Town the past week is that raising funds, especially for exploration companies in early stage, is virtually impossible. But if a company were to try, the equity market is the last place to go to.

And yet on the last day of the African Mining Indaba (February 12), a Gabon-based iron ore junior launched its initial public offering on the other side of the Equator on London’s Alternative Investment Market (AIM).

IronRidge Resources raised £9.8 million (US$15.1 million), with South African iron ore producer Assore and its Japanese partner Sumitomo invested as major shareholders in the company.

The capital will help to fund drilling at the company’s Tschibanga and Belinga South projects in Gabon that are still in early stages of exploration.

“It’s not the best time in the market for an iron ore junior to list,” admitted Carole Ferguson, research analyst at share price Angel, speaking to Minesite.com about IronRidge four days before it listed.

However, Ferguson believes investors Assore and Sumitomo preferred a listing of the company in order to secure board representation.

“Assore is a conservative investor,” Ferguson said. “They clearly find IronRidge very attractive in the sense that the entire footprint of the resource appears to be of a good quality product.”

[andrbea] 18/2/2015 16:54

proximity to port:

Its wholly-owned Tchibanga project covers 100 kilometres of strike and is located just 60 kilometres west of the port of Mayumba.

Tchibanga also offers the presence of high grade iron ore samples and desirable hematite dominant mineralogy.

Field programs following the raising and listing will focus on the numerous targets in Tchibanga.

Early drilling programs are also planned to investigate the outcropping hematite rich mineralisation on the Mont Pele target area in the south east of the area of interest.

Additional works are planned for the Belinga Sud area on the southern edge of the massive Belinga Iron Ore project in Northern Gabon.

[andrbea] 18/2/2015 16:24

article 17.2.15



so a holding (Assore Ltd) takes a 29.9% stake, interesting....

[andrbea] 18/2/2015 16:18

Floated Feb 12 2015