Ironridge Resources Share Discussion Threads

[74tom] 25/10/2021 15:41

Strong support at this level, no reason to think it'll fall much further. Huge amount of news due & amazing fundamentals. Suspect this level will be long gone in a couple of years time.

[ukgeorge] 25/10/2021 14:30

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.

[ukgeorge] 22/10/2021 12:20

Lithium – Rio Tinto warns of looming lithium gap, stating 60 Jadar mines not enough

• Rio’s $2.4bn Jadar lithium project was greenlighted in July and hopes to power 1mn EVs.
• Rio’s head of economics stated that, with 55% of light vehicles set to be EVs by 2030, 3mt of lithium will be required.
• EVs currently consume 350,000t of lithium pa.
• The company sees current committed supply and capacity expansions contributing a mere 15% of demand growth over the next 5 years.
• 85% of required demand will have to come from new projects according to the economist.
• The presentation states that ‘filling the supply gap will require over 60 Jadar projects.’
• Rio expects the Jadar mine to produce 58,000t of lithium carbonate, 160,000t of boric acid and 255,000t of sodium sulphate pa.
• Rio also doesn’t expect battery recycling to make a relevant contribution to EVs until 2040.]

[ukgeorge] 20/10/2021 11:48

Yes, not that the market cares.

Highlights

Conditions precedent satisfied: Piedmont to fully fund and fast track development of the industry standout Ewoyaa Project in Ghana for US$102 million.

Piedmont commits a further £720 000 (approximately US$1 million) and increases stake to 9.91% via placing of a further 2.88 million shares at 25p.

Ghana to benefit from becoming the first West African lithium-producing country.

IronRidge increases net cash position to approximately US$28 million for future
growth initiatives.

Exploration, resource drilling and studies ongoing at the project.

[farrugia] 20/10/2021 10:12

is this project fully funded now or there is still risk of dilutions?

[ukgeorge] 19/10/2021 15:21

Quite good volume today, fingers crossed the selling is drying up

[robbiekeane] 18/10/2021 14:58

A8G.ASX now at 0.88AUD
5.5m shares @ 1.85 GBP/AUD
AUD4,840,000 = GBP 2,616,216.22

Wish I'd bought shares in A8G....
Another £670k+ added to IRR holding value today.

[robbiekeane] 15/10/2021 09:33

Link to Australasian Gold interview:



A8G.ASX now at 0.65AUD
Our 5.5m shares @ 1.85 GBP/AUD = GBP1,932,432.43

Turning out to be a very good investment. The market will catch on soon (you'd like to think)...

[mikro1] 14/10/2021 23:59

I agree - this seems very good value

[ukgeorge] 14/10/2021 15:35

My other lithium play Savannah resources has woken up today +10% can't wait for these to do similar. Amazing really that we can buy below the recent 20p placing price roll on the tide turning.

[hugotanha] 08/10/2021 09:42

That's part of game, most companies bring the price down so ppl panic and sell cheap,once they filled their bags,increase the price like you never seen. It's a shame but this is happening everyday.

[ukgeorge] 07/10/2021 17:47

Not sure if the below is gospel the article also said it costs around $300k"The OTCQB and OTCQX markets are operated by OTC Markets Group, not by NASDAQ. An attorney or a Broker-Dealer must sponsor your company to list by filing a Form 211 with FINRA, a step that takes 4 to 8 weeks, which will normally be a simple request that will likely be accepted"

[ukgeorge] 07/10/2021 17:25

Apparently the lithium carbonate price is at $25k/t up 25% in a month.Very strange the way the share price has been dropping so much.

[grafter] 07/10/2021 16:30

IronRidge Resources has filed an application for the Company to trade on the OTC Market's OTCQX Best Market (OTCQX) trading platform in the USA, which will make IronRidge's shares more widely available to North American investors -

[ukgeorge] 07/10/2021 07:08

US listing on the OTC market :)

[hugotanha] 06/10/2021 16:48

I'm sitting on 19k profit lol

[ukgeorge] 06/10/2021 16:20

18.2p now at this rate (-7.5% today) in a month it'll be -30p haha

[hugotanha] 06/10/2021 15:45

Just fill up your bags folks, this is gonna be huge in less than a month.

[hugotanha] 06/10/2021 15:45

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

[dunkirk1016] 06/10/2021 15:42

Fill your boots then, all coming into line with Assore reassessing their tax implications and doing what any company would do. Patience required as Jasond1970 says a demerger of this importance does not happen quickly. Good luck all holders.

[ukgeorge] 06/10/2021 15:05

Be back to 16/17p soon, the chart looks awful. Ffs.Roll on the reversal.

[jasonsd1970] 06/10/2021 10:49

It takes time to get this demerger complete in a correct and diligent way; just another opportunity to keep on adding - looking forward to when everyone will be trying to jump onto the IRR train

[ukgeorge] 06/10/2021 09:20

Throwing good money after bad.....Added 21,919 @ 19.15pBuying under the 20p at month low prices seems sensible ish.Hoping I've not missed something obvious and that it is just the demerger of the gold assets holding these back. Fingers crossed that is sorted soon.

[ukgeorge] 01/10/2021 09:16

I wonder what the IRR and Revenue for the mine will be at current lithium prices. Also still got the potential to increase the resource size and possibly the size of the plant. Ghana - LithiumØ Exceptional Scoping Study results announced at Ewoyaa, supporting a business case for a 2.0 Million tonnes per annum ("Mtpa") production operation with life of mine ("LOM") revenues exceeding US$1.55 Billion and significant potential to extend LOM.o The Study highlighted an 8-year LOM operation, producing an average 295,000tpa of 6% Li(2) O spodumene concentrate using conventional open cut mining operation from surface with low strip ratios, with LOM revenues exceeding US$1.55bn, Post-tax NPV8 of US$345M, average EBITDA of US$105M per annum and IRR of 125% over 8 years.

[ukgeorge] 01/10/2021 09:08

"After a highly productive year for the Company, we bring great optimism into the year ahead. I would like to thank our loyal shareholders for their continued support and I look forward to updating the market of our progress."Looking forward to seeing some more updates. The share price chart isn't looking very nice. Will have to be ready for a top up if the opportunity arises.