IVR - Investigator Resources

[explod]

I have chosen this little Silver play as the June stock tipping pick. It is one of the higher grade deposits in Australia and highly leveraged to the Silver price which is running hot at the moment:

View attachment 103941

My thought process: I was tossing between my two favourite pure play Silver juniors SVL and IVR. SVL has run with the fast run up in Silver price, while IVR has gone the other way. There is a lot of catching up to do, so chose IVR when you need biggest bang for your buck in a shorter period, like during a 1 month competition.

Good pick, had been eying it myself with the drop in the gold silver ratio finally starting to drop and with both on the rise. We'll see.

 

[Dona Ferentes]

Investogator's Paris silver project, Australia's highest grade silver project, is located 60km northwest of the town of Kimba in pastoral country on the Eyre Peninsula. Investigator has a resource of 9.3 million tonnes at an average 139 grams per tonne of silver and 0.6% lead for a contained 42 million ounces of silver and 55,000t of lead. The indicated component stands at 4.3Mt at 163g/t silver and 0.6% for a contained 23Moz of silver and 26,000t of lead.

The silver cut off grade is 50g/t. Investigator has said the silver grade emphasises the "high-grade and quality ounces of Paris compared with Australian peer silver deposits".

Last week, the company raised $8 million through a share placement with its largest shareholder, London based Merian Gold and Silver Fund, taking half of the total. Once the second tranche of shares are issued, Merian will hold around 15% of the stock.

Investigator said recent appreciation in the silver price saw significant demand from existing shareholders and institutional investors. A number of new institutions have now joined the Investigator register. The new shares were issued a $0.03 per share

 

[aus_trader]

Investogator's Paris silver project, Australia's highest grade silver project, is located 60km northwest of the town of Kimba in pastoral country on the Eyre Peninsula. Investigator has a resource of 9.3 million tonnes at an average 139 grams per tonne of silver and 0.6% lead for a contained 42 million ounces of silver and 55,000t of lead. The indicated component stands at 4.3Mt at 163g/t silver and 0.6% for a contained 23Moz of silver and 26,000t of lead.

The silver cut off grade is 50g/t. Investigator has said the silver grade emphasises the "high-grade and quality ounces of Paris compared with Australian peer silver deposits".

Last week, the company raised $8 million through a share placement with its largest shareholder, London based Merian Gold and Silver Fund, taking half of the total. Once the second tranche of shares are issued, Merian will hold around 15% of the stock.

Investigator said recent appreciation in the silver price saw significant demand from existing shareholders and institutional investors. A number of new institutions have now joined the Investigator register. The new shares were issued a $0.03 per share

View attachment 106955

Should've picked this for the monthly competition...

I picked it a couple of months ago, oh my market timing...

 

[greggles]

The first nine holes of the 20,500m infill drilling campaign at the Paris Silver Project have been received by the company and have returned some good high grade intercepts.

Lots of holes left to report, so the news flow should be good for IVR between now and the end of January. Only nine out of 276 holes reported so far. 13,941m completed out of 20,500m total.

IVR share price up another 14% to 5.7c today. Hopefully more gains on the way as assay results are announced.

 

[peter2]

That news created a gap up on the open and it triggered buy conditional buy order. I hope you're right @greggles onward and upward please.

 

[greggles]

That news created a gap up on the open and it triggered buy conditional buy order. I hope you're right @greggles onward and upward please.

IVR got as high as 6.6c yesterday before profit takers took control and pushed the share price down to a low of 5.8c today. It finished the day at 6.1c, so it was fighting back at the close.

I'm still bullish on IVR and think that unless we see significant falls on global markets or a negative announcement, it will probably bounce back from here.

News is going to be the driver for IVR in the short term, so I'll be watching closely.

 

[peter2]

Demand for IVR has returned. Price looking likely to break-out > 0.066 very soon.

 

[peter2]

IVR did BO above 0.066 but not for long. The selloff in precious metals crimped this rally.
IVR has reported more good drilling results as it explores it's silver resource.

It appears to me that price is strong in this PM selloff. If PM's rally again then IVR is sure to get back above the R level of 0.066.

I'm considering this for a medium term position and may buy half soon and the other half on the BO>0.066.

 

[Dona Ferentes]

and another beneficiary of Silver

 

[Sean K]

This is pretty high grade silver.

 

[Sean K]

This is pretty high grade silver.

And the SP went nowhere... So, maybe it's crap grade silver? Maybe silver just isn't as sexy as gold.

They've been pretty slow in converting the inferred JORC of 42 Moz to indicated. Three years of infill drilling. Huh? Maybe they just like drilling.

Maybe it's slow because Kevin Bloody Wilson is on the board.

PFS due June.

 

[Sean K]

Their last ann on 10 May was extremely underwhelming compared to the above, but the chart is looking pretty good. Still keeps on going up. Probably hitting some resistance here at 0.105.

'Investigator Resources'. Possibly one of the worst company names on the ASX. (Where's a throw up emoji, Joe?)

 

[Sean K]

Nice breakout.

 

[peter2]

If this was a TA meeting (Traders Anon) I'd have to admit that I'm holding on to a DOG. It was such a cute, well behaved puppy that I fell in love with it. Now this puppy has turned into a DOG and it's making a mess of my trade stats.

My last trade in IVR was winner thanks to the BO shown by kennas in the prior post. Then I bought on support, which is another way of saying I bought when price was going down. Well, guess what. Price continued to go down and I haven't sold it. Arrgh!.

The reason why I loved this stock was that there was a great correlation between IVR and the price of silver. Every time silver rallied, IVR would go up more. When silver went down, IVR went down only a little. This beautiful relationship fractured almost immediately after I bought my last parcel. I know the day it all fell apart and I did not sell (stupido). I can show you this day on the chart.

The top pane shows the relative strength comparison between IVR and the silver US-ETF - SLV. So much green on the weekly chart, wasn't it beautiful! IVR was going up faster than the price of silver and the XAO (not shown). Then a few days after I bought, news was released, "Updated Resource for the Paris Silver Project". I liked it, but the market didn't. IVR had a huge down day. Rats have been leaving the IVR ship in droves and I haven't sold.

Silver has been acting a lot weaker than gold lately. I'm hoping that this turns around soon.
I know, it's my fault for not selling when price hit my SL.

 

[aus_trader]

Happens to all of us and I had a few poodles, pugs and terriers that should have been ousted some time back.

Removed most just before this month, call it tax selling or whatever.

Got a soft spot for this little shmoogle and Silver stocks in general but it all depends on how much pain we could tolerate and for how long...

 

[aus_trader]

IVR is up today...

Also Quarterly announcement is out today...

 

[Sean K]

If this was a TA meeting (Traders Anon) I'd have to admit that I'm holding on to a DOG. It was such a cute, well behaved puppy that I fell in love with it. Now this puppy has turned into a DOG and it's making a mess of my trade stats.

My last trade in IVR was winner thanks to the BO shown by kennas in the prior post. Then I bought on support, which is another way of saying I bought when price was going down. Well, guess what. Price continued to go down and I haven't sold it. Arrgh!.

This certainly went WOOF after seeming to break up quite nicely. 10-10.5 looked like it was going to hold as well. Other than the updated MRE on 28 Jun not sure what could have triggered all that. I don't think silver tanked.

This updated MRE puts about $1.3b in the ground + the lead.

 

[aus_trader]

For some reason this one went down more than the other Silver junior stocks in the ASX, so as @kennas said, not sure what triggered the savage selloff.

But Silver did slide...

and bouncing back today

 

[Dona Ferentes]

Barry FitzGerald - Garimpeiro ; 12 stocks in 12 different commodities to stuff in the Xmas stocking ... The focus has been finding those with leverage to exploration success and/or enhanced development prospects because of some of spectacular commodity price gains in 2021, and what 2022 [may have] in store.

SILVER : Trading at 6.4c for a market cap of $85m. Investigator is all dressed up and ready to go at its Paris silver project in South Australia.

It is a 55m ounce deposit, given the project all the leverage that could be expected to silver’s robust outlook thanks to solar panels and EVs adding to the demand outlook. Should silver break out in 2022 as some suspect, Investigator will pull the trigger on a development

 

[Sean K]

Barry FitzGerald - Garimpeiro ; 12 stocks in 12 different commodities to stuff in the Xmas stocking ... The focus has been finding those with leverage to exploration success and/or enhanced development prospects because of some of spectacular commodity price gains in 2021, and what 2022 [may have] in store.

Looks like it will be heavily leveraged to rising POS. If Ag does run, following POG breakout, you'd expect this to be one of the major beneficiaries for the anaemic silver sector on the ASX. Steps to mining seem drawn out to me. Maybe not rushing due to POS. They're only planning to mine half the contained silver in the PFS for some reason. Perhaps the other half could become UG if POS goes up to $X...

Current MC around $100m with an NPV of $200m on the project.