IXR - Ionic Rare Earths

[greggles]

Saw this one come up in a scan today and noticed that it didn't have a thread yet.

To quote the company:

Oro Verde Ltd is a mineral exploration company focused on identifying and developing significant gold projects in Central America, particularly Nicaragua. Oro Verde holds an Option to Purchase Agreement to acquire 100% of the Topacio Gold Project in Nicaragua that contains a NI 43-101 compliant Inferred Mineral Resource of 340,000 ounces of gold. Oro Verde also holds 100% of the early stage San Isidro Gold Project, also in Nicaragua, located adjacent to the reported 2.3 million ounce La India gold project.

The company was formerly known as Ezenet Limited.

The reason it came up in a scan today is because it's tanking.

 

[Cam019]

 

[barney]

Thanks for following this one up Cam ….. It was a Volume/price riser last week …

The volume has dropped off since the initial spike and the Project is in the semi unstable Nicaragua so there are some risks from a trading point of view ….

They also recently raised capital at 0.0025 so the current spike looks potentially orchestrated to me, but that is just an assumption … Interesting to see how it moves from here.

 

[System]

On March 24th, 2020, Oro Verde Limited (OVL) changed its name and ASX code to Ionic Rare Earths Limited (IXR).

 

[frugal.rock]

Speculation yesterday had me buy this stock and CZR and HCH instead of VML... I can feel a rotation coming.

 

[barney]

... I can feel a rotation coming.

Agree Rock. The Punters are having a crack at each Rare Earths Co in an orderly fashion it seems

Another 400,000,000 shares hit the streets with VML today so some profit taking to be expected.

Very good timing on your trade with this one

 

[frugal.rock]

The Punters are having a crack at each Rare Earths Co in an orderly fashion it seems

I may disagree there Barney, this one and REE running up, and I suspect that most of them are..
But not sure about others, need a heavy metals/ rare earths watchlist...
maybe @Dona Ferentes is aware of the bigger picture?
There seems to be a boom on speculation.

 

[Dona Ferentes]

I may disagree there Barney, this one and REE running up, and I suspect that most of them are..
But not sure about others, need a heavy metals/ rare earths watchlist...
maybe @Dona Ferentes is aware of the bigger picture?
There seems to be a boom on speculation.

Post #27 has a list, in this ASF thread

Rare Earths

A somewhat backdoor play to ORM would be to buy MLM, IIRC they have a significant holding in ORM, as well as diversified holdings in other companies. MLM is also trading significantly below NTA, and has very large scandium holdings. I would buy in but lack of capital currently means I can only...

www.aussiestockforums.com

I'm trying to think if I want to buy into one of em

 

[frugal.rock]

Thanks Dona, I remembered from yesterday.

 

[Dona Ferentes]

That's a long time ago.?

But seriously, I'm interested in the sector, but v. hesitant about taking a position. On risk/ reward balance, I think ASM and VML are the easiest; the others may or may not get up. But of course ASX isn't the only hunting ground.

Maybe a small position and wait for inevitable cap raising

 

[barney]

I may disagree there Barney, this one and REE running up, and I suspect that most of them are..

Why are you disagreeing with me Froogs

Sea of green today.

 

[fergee]

Im also closely watching REE and U at the moment, looking for the right stocks and right entry points.
A few stocks I have on my REE watch list below.

 

[fergee]

What other markets are you looking at REE stocks @Dona Ferentes ?

 

[frugal.rock]

Why are you disagreeing with me Froogs

The Punters are having a crack at each Rare Earths Co in an orderly fashion

Because there's no orderly, it's disorderly.... a mute point...
I sold out... (+$ 430 net)
NEXT !

 

[barney]

Because there's no orderly, it's disorderly.... a mute point... I sold out... (+$ 430 net) NEXT !

All good. It was only meant as friendly banter as you are quite correct. I no longer have either my big green Smilie face or my open mouthed mad looking Smilie to convey the correct intent ..... My above post would have had one or the other! ......

Good trade btw (Insert big green grinning smilie please!)

 

[frugal.rock]

(Insert big green grinning smilie please!)

?

 

[barney]

?

Lol ......

That is your brother Frogal Rock I assume?

 

[over9k]

No it's qldfrog

 

[The Triangle]

I learned over the years to ask a lot of questions when I see Airguide, 1620 Capital, sixty two capital, Ahmad's, Maynard, or Brewer as shareholders of an African Junior.

 

[frugal.rock]

I learned over the years to ask a lot of questions when I see Airguide, 1620 Capital, sixty two capital, Ahmad's, Maynard, or Brewer as shareholders of an African Junior.

If I knew the truth about alot of the companies I trade, I wouldn't buy.
Mostly are purely technical chart based momentum play's... in and out whilst things are still moving.

It's hard to watch when they sometimes carry on,
however,
it's harder to watch having them drop hard, to never recover, bottom drawer?
No, a bad loss. Chop it off like gangrene....