WYX - Western Yilgarn

[stiger]

Re: IRM - Iron Mountain

Looking at the wording of the response of the asx price query, it is either the results of the magnetic survey or hopefully some more very encouraging rock chip sampling.

In the current environment if they were to have some more hits at >60% Fe, this could go even higher

Mick I feel you could be pretty close to the mark,as they are preparing recent exploration activities.It may turn out that Yogi's opening post on trhis thread may be bang on the money.Cheer, DYOR.

 

[motion]

Re: IRM - Iron Mountain

ANN has come out with RVR this morning and trading holt lifted...

ANN reads .. Further Encouraging Results at Blythe, Miaree & Wongan Hills Projects.

My copy and Past is not working = dope...

 

[mobcat]

Re: IRM - Iron Mountain

10.40 est shes on again goodluck guys it could be a nice run on opening with the sector looking for undervalued plays big time

 

[mobcat]

Re: IRM - Iron Mountain

Bit of a flop today i would say a bit of nervous management caused this dont no why they just didnt let it run yesterday when it had momentum very strange maybe they want them all for them selves i got my fill at levels i didnt think we would see again today a day like today dosent take away from what is in the ground ..........the day in the sun will come just a matter of time imo

 

[motion]

Re: IRM - Iron Mountain

Bit of a flop today i would say a bit of nervous management caused this dont no why they just didnt let it run yesterday when it had momentum very strange maybe they want them all for them selves i got my fill at levels i didnt think we would see again today a day like today dosent take away from what is in the ground ..........the day in the sun will come just a matter of time imo

Yep I feel the same management should have lets this run normal as it was not big news... But it was a nice report and whats going on.... I'm not sure why the market did not respond to it once it went back into trading as RVR had a nice little run this morning.

There is always tomorrow...

 

[mobcat]

Re: IRM - Iron Mountain

Maybe CUL had all the oreie attention today as a rule i can never make much sense of late june and dont even try to work it out you will go mad trying .......................good time to take a holiday late june did last year and thoroughly enjoyed myself what am i doing here must be mad

 

[greggy]

Re: IRM - Iron Mountain

Yep I feel the same management should have lets this run normal as it was not big news... But it was a nice report and whats going on.... I'm not sure why the market did not respond to it once it went back into trading as RVR had a nice little run this morning.

There is always tomorrow...

Hi motion,

It was indeed a positive report.Sampling at Blythe returned encouraging iron grades of up to 66.4 Fe. Sampling at Miaree extended the zone of known iron mineralisation. At Wongan Hills sampling oulined an area of interest for iron mineralisation.
The good thing about IRM is that it has a suite of interesting iron ore projects
in good locations. It is also cashed up having raised $8 million from its float. The last time I checked it was up 1c (5%) to 21c today on reasonable turnover.
DYOR

 

[mick2006]

Re: IRM - Iron Mountain

For those holding or interested in IRM, there is an 8 minute audio presentation on Boardroom Radio taken yesterday.

 

[motion]

Re: IRM - Iron Mountain

For those holding or interested in IRM, there is an 8 minute audio presentation on Boardroom Radio taken yesterday.

Thanks Mick, I will have a listen... It seems there has been some interest latley... Thanks again for all the info it's always appreciated....

 

[greggy]

Re: IRM - Iron Mountain

For those holding or interested in IRM, there is an 8 minute audio presentation on Boardroom Radio taken yesterday.

Thanks Mick 2006. It was a very interesting presentation. Its good that its directors like to keep investors up to date. So many others fail to do this. Its website is excellent.
Interest has certainly increased this week as the iron ore sector is getting hotter. Whilst the iron ore sampling results have been impressive to date, I can't waiting for drilling to start on its projects. After a strong run up in the past week its share price has held up very well.
Any other thoughts out there? Also, could some of the chartists out there give an idea as to where it could go from here?
DYOR

 

[greggy]

Re: IRM - Iron Mountain

Good morning All,

Last weekend I asked Keith Whitehouse, MD of IRM, a series of questions via email.
This was his response:

1. When will drilling take place on IRM's projects, and at which projects first?

IRM currently is assessing all its tenements in order to decide which projects should be drilled first. A priority listing was given in the IPO but that listing is being reviewed in the light of the new JV with Red River Resources, current exploration results and the availability of drilling equipment.

2. Has the company been approached by potential major JV partners (e.g. Fortescue, BHP, RIO, Chinese etc) in relation to projects where it has a 100% interest?

Iron Mountain is of currently of the opinion that we have to have some substance (such as resources) to the projects before we conduct meaningful negotiations and that we have sufficient funds to take projects to a level where negotiations will return greater benefits to shareholders. That said the Company has been approached by several potential Asian JV partners and we are continuing discussions.

3. Is the company looking at acquiring further projects where there's already a significant iron ore resource?

The company will review any projects brought to its attention and assess such projects to determine if they would be beneficial to the shareholders.

4. IRM has been overlooked by the market when you consider its huge potential, significant cash levels and excellent management. Has the company considered doing a broker roadshow in order to increase interest?

IRM has carried out roadshows since listing and will continue to do so as more exploration information becomes available.

Regards,



Keith Whitehouse

MAusIMM, CP (Geology)

Managing Director

Iron Mountain Mining

ACN 112 914 459

 

[mick2006]

Re: IRM - Iron Mountain

Thanks Greggy always good to hear from companies management. Shows that they value their shareholders.

 

[camaybay]

Re: IRM - Iron Mountain

Thanks Mick for your email. IRM response to Greggys email said they have to prove the goods before any party is interested although contact has been made. It will take considerable time to produce marketable tanglable assets. I am confused with the company structure between RVR and IRM. I would prefer an investment like Target (TEX) who have runs on the board and still in the 20 cent range.
Only my GF. :bier:
Cheers
DYOR

 

[motion]

Re: IRM - Iron Mountain

Well it seems IRM has taken off this afternoon. anyone care to comment on why IRM might have some movement up 10% so far with some good volume going through....

 

[greggy]

Re: IRM - Iron Mountain

Well it seems IRM has taken off this afternoon. anyone care to comment on why IRM might have some movement up 10% so far with some good volume going through....

Since reaching its recent new high, IRM has had a bit of a pullback. Perhaps some bargain hunting is going on. Iron ore stocks are fairing well.
DYOR

 

[mobcat]

Re: IRM - Iron Mountain

Guys it could be IRM,s time for a day in the sun all the pointers are pointing IRM,s way atm iorn ore is hot atm and this baby is a good junior play imo with lots of good anns in the making and a small mcap and the market looking for iorn ore plays IRM is going to pop up in a lot of new blood research wouldnt be at all suprised to see a spike this week on the back of sentiement alone good luck to holders

 

[mobcat]

Re: IRM - Iron Mountain

Guys i had to dump today nothing to do with the company just not my cup of tea atm a op popped up and i had to dump the 400k you get that some times hard call with this one but it all turned out good for me and thats the grand plan at the end of the day ......i will be back just a matter of time so take no notice of todays movements shes a good hold this one imo

 

[motion]

Re: IRM - Iron Mountain

hey mobcat,

Thanks for the info not many trades today, held up well with the market being low, but it has been alittle slow latley I hope this baby kicks off soon.... it has good projects and management behind it...

Good luck on the new project

 

[motion]

Re: IRM - Iron Mountain

wow up 98% on ann High grade iron found.... This is amazing. this has been a dead duck for so long.. have dusted this one off
..
From Ann:

Three zones of iron mineralisation have been defined within a sequence of Banded Iron
Formation (BIF) and ferruginous sediments. At the Iron Mountain Prospect rock chip
samples averaged 61.3% Iron (Fe) over two kilometers of strike, at the Mt Alfred
Prospect rock chip samples averaged 58.5% Fe over 2.8km of strike. Within the Brooking
Prospect mineralisation was traced over a 4km strike with rock chip samples averaging
59.14% Fe. The zones vary in width from 5 to 30m with an average in the order of 20m.
The location of samples and the prospect areas are shown in Figure 1.

 

[mick2006]

Re: IRM - Iron Mountain

Typical I was looking into IRM again yesterday, thinking to myself they must be the only iron ore company not to have a run, and then look at today one announcement and they are up over 100%.

Oh well thats the market I guess, was lucky to make money on them a couple of months ago.