sharetrader
Page 1 of 6 12345 ... LastLast
Results 1 to 10 of 52

Thread: IRC

  1. #1
    Member WASL's Avatar
    Join Date
    May 2006
    Location
    Brunswick, , Australia.
    Posts
    42

    Default IRC

    Hi all. I'm a new member but have been active in the share market for the past 15 years - mostly successful but with a few shockers. Is anyone else following Intermin (IRC). I have a few and, apart from a dodgy return of capital a few months ago, they seem to be doing nothing. Their finances look quite healthy.

  2. #2
    Legend shasta's Avatar
    Join Date
    Sep 2004
    Location
    Wellington
    Posts
    5,914

    Default

    IRC - March Quarterly & cashflow statement

    http://stocknessmonster.com/news-ite...E=ASX&N=539551

    Mcap @ $0.15 = MCap $17.2m

    Cash $4.136m

    Listed Investments:

    RWD 6.35m worth $6.25m
    AIV 4.655m worth $0.28m
    KGL 10.5m heads & 10.5m options worth $2.9m

    EV a staggering ~$3.6m (On the LOW EV list i didnt include the $0.28m worth of AIV shares!)

  3. #3
    Guru drillfix's Avatar
    Join Date
    May 2008
    Posts
    4,713

    Default

    LOL Shasta,

    It appears you are replying to a post that was made over 5 years ago, but good on ya for not creating a duplicate thread

  4. #4
    Legend shasta's Avatar
    Join Date
    Sep 2004
    Location
    Wellington
    Posts
    5,914

    Default

    Quote Originally Posted by drillfix View Post
    LOL Shasta,

    It appears you are replying to a post that was made over 5 years ago, but good on ya for not creating a duplicate thread
    I was going to start one, but yeah found this & thought why not ;-)

    I really like the looks of IRC, that Denpal tipped off about

  5. #5
    Senior Member
    Join Date
    Aug 2008
    Posts
    588

    Default

    Hi Shasta,
    Have taken up a modest holding in IRC recently. From what I see, you cant go wrong given the tenements they hold...best of luck and look forward to seeing a few JV's come on board!

  6. #6
    Member
    Join Date
    Aug 2006
    Location
    Christchurch
    Posts
    431

    Default

    It's just a game of patience with IRC. Definitely not a trading stock! I bought at 14c a couple of weeks back and am happy to wait for quite a while. If RWD does well that will underpin the shareprice too.

  7. #7
    Legend shasta's Avatar
    Join Date
    Sep 2004
    Location
    Wellington
    Posts
    5,914

    Default

    Update on IRC EV

    MCap @ $0.15 = $17.2m

    - Cash @ 31/3 = $4.1m

    - Listed Investments

    RWD = $7.65m
    KGL = $2.94m (Jinka sale)
    AIV = $0.24m

    Total LI = $10.8m

    EV = $2.3m

    Cheap as chips & there projects in GOLD & Vanadium are worth far more than ~$2m!

  8. #8
    Legend shasta's Avatar
    Join Date
    Sep 2004
    Location
    Wellington
    Posts
    5,914

    Default

    IRC - Update

    Even though IRC is on the LOW EV list, it deserve its own thread & EV calculation!

    MCap @ $0.155 = $17.8m

    Cash = $4.1m

    Listed Invesments

    RWD = $6.63m
    KGL/Jinka = $2.94m
    AIV = $0.21m

    Total Investments = $9.8m

    EV = $3.9m

  9. #9
    Senior Member
    Join Date
    Aug 2008
    Posts
    588

    Default

    not to mention the worlds largest vanadium deposit- which incidentally is thought to be the key to car technology post oil, in combination with lithium.

    IRC and ECM the perfect plays for the future.

  10. #10
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    8,478

    Default

    INTERMIN ANNOUNCES PLACEMENT OF $4.71M
    AND SHARE PURCHASE PLAN

    HIGHLIGHTS
     Placement of 39.25 million ordinary shares at $0.12 per share to raise $4.71 million
     Strong support from new Australian and international institutional and sophisticated
    investors
     $1.5m strategic investment by Eastern Goldfields Ltd (ASX: EGS)1
     Company will also offer 5 million new shares to eligible shareholders under a Share
    Purchase Plan at an issue price of $0.12 per share to raise an additional $0.6 million
     Investors in the Placement and eligible shareholders who accept and are issued new
    shares under the SPP will be granted one free attaching option for every two new
    shares issued (with the options exercisable at 17 cents each by 31 August 2018)
    conditional upon shareholder approval at a General Meeting to be convened and the
    lodgement of a Prospectus
     Proceeds will be used for the development of the Teal Stage 1 gold mine, accelerated
    drilling programs at Teal, Peyes Farm, Blister Dam and Windanya, potential
    acquisitions and general working capital
     Company now well-funded for a development decision for the Teal Stage 1 gold mine
    in the current Quarter2
    Intermin’s Managing Director, Jon Price commented: “The Board is extremely pleased with the
    level of interest in the Company and welcomes a number of new Australian and international
    investors to the register along with our strategic alliance partner Eastern Goldfields Ltd”.
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •