Ironridge Resources Share Discussion Threads

[ukgeorge] 09/12/2021 10:12

there is a new board, ticker ALL

[lurker5] 09/12/2021 10:00

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.

[ukgeorge] 01/12/2021 07:28

Resource upgrade

[compo62] 22/11/2021 14:18

OK - you can cancel the ambulance - I have worked it out now.

[ukgeorge] 22/11/2021 11:17

I just attempted to make a new ALL thread but have messed it up. So if someone more tech savvy could do the honors that would be great.

Great that there hasn't been a sell off today and can't wait for the re rate, and increase in R&R

[djj2014] 19/11/2021 18:09

Isn't 23rd Nov the Record Date for determining who gets allocated the Ricca shares?

[74tom] 19/11/2021 16:38

There won’t be a sell off on Monday, all that will happen is it’ll be marked down at the open by around 10% to account for the 1 for 8 split. So we’ll likely open at 21-22 on the bid ask. You’ll then get all those that sold this week buying back in - and there is very little stock about. Good luck to them!

[bigpecs] 19/11/2021 16:12

I hope people are aware of just how big this could be.. I'm so glad to now be invested and will keep adding along the way GLA onwards and upwards

[ukgeorge] 19/11/2021 15:43

woop woop woop what a nice little run, also a close over 23p could be a breakout from the massive consolidation since February.

Hoowever obviously expecting a bit of a sell off on Monday

[ukgeorge] 19/11/2021 14:08

From SPAngel this morning

IronRidge Resources* (IRR LN) 22p, Mkt cap £123m – highly prospective lithium license granted adjacent to Ewoyaa

• IronRidge reports that its application for an exploration license at Cape Coast been granted, providing the company with access to 139.23km2 of highly prospective lithium ground.

• The newly granted license is adjacent to the Mankessim exploration license which hosts the Ewoyaa Lithium Project, where the company has a JORC resource of 14.5Mt at 1.31% Li2O in the inferred and indicated category, including 4.5Mt at 1.39% Li2O in Ghana.

• Limited previous exploration has been completed over the Cape Coast license area, however work completed by the Ghana Geological Survey during the 1960s defined multiple pegmatites and beryllium stream sediment anomalies..

• Areas of beryllium are associated with mineralised pegmatites, and mapped pegmatites provide an initial targeting tool to help prioritise exploration in this area.

• IronRidge will extend its current airborne geophysical survey over the new license area in addition to 100m x 100m soils geochemistry survey.

• Highlights from the scoping study at Ewoyaa, based on a 2.0mtpa include:
o Pre-tax NPV8% of US$539m
o Pre-tax EBITDA of US$854m
o Post-tax NPV8% of US$345m
o Post-tax IRR of 125%
o EBITDA of US$105mpa average
o Costs: US$247/t of spodumene concentrate
o Price: US$650/t assumed for 6% spodumene concentrate.
o Payback is expected to be <1 year.
o Recovery rates: currently up to 72% for the P1 Fresh ore and average 51% for the P2 Fresh after re-crushing and gravity middlings,
o Waste:ore stripping ratio of 1.5:1, and 4.4:1 over the life of the mine.
• This new award of license brings the total Ghana Cape coast Lithium Portfolio to 560 km2.
*SP Angel acts as Nomad and Broker to IronRidge Resources

[robbiekeane] 19/11/2021 09:15

Fully funded to production and resource getting bigger, that's all you need to know.

[jasonsd1970] 19/11/2021 08:13

Just the beginning G as another piece of the jigsaw gets put in place; as soon as demerger is complete updated figures at Ewoyaa will come given we have had 5-drill rigs proving up for the last quarter alone

[ukgeorge] 19/11/2021 08:02

More good news :) roll on 30p

[ukgeorge] 17/11/2021 12:52

From LSE

Dear all, for those who attended, this video presentation is a chance to catch up on the detail - and if you didn't get to see it, here it is. Vincent was in good form despite it being the middle of the night, and took several questions live from the audience. He will be here again live in three weeks time, this time representing Atlantic Lithium #ALL. View here: hxxps://youtu.be/U4Ch1L6eIrg

[ukgeorge] 17/11/2021 09:15

It was 5 a.m. Sydney time so well done to Vincent for putting in the effort. The presentation focused a lot more on the gold assets than usual. Taking up the gold shares is a no brainer, but we obviously all have to deal with our relevant brokers. He mentioned they would try and help if they can.

He again highlighted that similar Australian listed lithium plays are on a much higher valuation (4-5 times). Also said the resource upgrade will come under the new company. Highlighted how they had managed to leap frog the financing stage, without having to do an equity raise.

All seemed good, vote on the demerger is the 18th November. Hopefully 2022 will be the year for Atlantic Lithium to shine and go up 5 fold.

[djj2014] 16/11/2021 18:00

Anyone watching the webinar?

[ukgeorge] 16/11/2021 09:03

Hugo by being a shareholder.

Vincent is presenting this evening.

The Company is pleased to announce that Vincent Mascolo, Chief Executive Officer, will be presenting at an investor webinar, hosted by Donald Leggatt from London South East ("LSE"). The presentation will provide further details on the intended rebranding of the Company and the demerger of its gold assets into a new gold entity.

The event will be held on Tuesday, 16 November 2021 from 6:00pm (GMT). To attend, please register your interest at: .

[hugotanha] 11/11/2021 19:31

No, what's that?

[hugotanha] 11/11/2021 19:30

Dull question,how do I register in specie distribution record in uk?

[isalolly] 11/11/2021 14:06

No, nothing yet fromm ii

[ukgeorge] 10/11/2021 16:35

Gold getting a march on today following 6.2% CPI in the states

Have any holders had any details from your brokers in regards the spinout? I use Iweb and interactive investor and haven't heard anything yet.

[ukgeorge] 10/11/2021 08:47

Date Broker Rating Old Target New Target Change
02-Nov-21 Liberum Capital Buy - 32.00 Reiteration

[chrysalis99] 09/11/2021 16:28

Does anyone have access to a broker note for IRR?

[ukgeorge] 08/11/2021 13:38

IronRidge Resources Limited Commencement of Trading -- OTCQX Market in the USA
08/11/2021 12:15pm

I thought they had started last week... Fingers crossed there are lots of Piedmont and Tesla fans wanting to buy in

[ukgeorge] 08/11/2021 12:20

Dear all - Vincent Mascolo, IronRidge CEO #IRR will be presenting and taking live questions at our 16 November webinar. We are live at 6 pm and looking forward to hearing Vincent outlining how the IRR demerger is going to work - and giving some detail on why two companies are better than one. Please register for the event here: