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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.
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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!)
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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
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Originally Posted by drillfix
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
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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!
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Member
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.
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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!
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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
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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.
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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
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