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  1. #21
    FEAR n GREED JBmurc's Avatar
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    Intermin Resources Limited (ASX: IRC) (“Intermin” or “the Company”) is pleased to advise that today
    it has completed the issue of 8,044,968 fully paid ordinary shares after receiving final option exercise
    forms and payments totalling $603,373.
    The new shares relate to options, exercisable at 7.5¢ and expiring on 30 June 2017, issued as part of
    a non-renounceable entitlement offer in July 2015.
    A total of 14,819,669 or 76.1% of these options were exercised by holders adding $1,111,475 to the
    Company’s cash reserves.
    The balance lapsed on 30 June 2017.
    The Company’s capital structure following the exercise of the listed options is now as follows:
    Listed Shares 218,412,952 Fully Paid Ordinary
    Listed Options 23,674,747 (IRCOA) Exercise Price $0.17, Expiry 31 August 2018
    Unlisted Options 1,750,000 (IRCAI) Exercise Price $0.125, Expiry 31 July 2018
    Unlisted Options 5,000,000 (IRCAI) Exercise Price $0.075, Expiry 31 July 2018
    Commenting on the option exercise, Intermin Managing Director Jon Price said:
    “We thank holders for their continued support which, together with ongoing cash flow from our Teal
    Gold Mine, places the Company in a strong financial position to deliver on its strategy of self-funding
    future mine developments, consolidating assets in the Western Australian Goldfields, growing our
    existing Resource base and continuing the search for the next new gold discovery,”
    "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

  2. #22
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    INN RESOURCE investing news



    Vanadium redox batteries are generating excitement because they are reusable over semi-infinite cycles, and do not degrade for at least 20 years. However, these batteries are quite large and are better suited for industrial or commercial use than for use in electric vehicles. Roskill expects the market for stationaryenergy storage to increase from less than 2 GWh today to 16 GWh by 2026. The firm notes that vanadium redox batteries currently account for just a fraction of the energy storage market, but even slight growth in market share could potentially add tens of kilotonnes of demand to the market.
    Roskill predicts that vanadium prices will recover from their current level and peak around 2019 or 2020. The current price of ferrovanadium, an alloy of iron and vanadium, is about $21 per kilogram.

    Aside from Largo, few other publicly traded companies are currently mining vanadium. However, many companies are exploring for the metal or developing vanadium projects. Below are some examples. All are listed on the TSX, TSXV or ASX and had market caps of over $3.5 million as of June 30, 2017:
    Australian Vanadium (ASX:AVL) owns the exploration-stage Gabanintha vanadium project in Western Australia. The company said it has agreed to sell the rights for base metals at the project to Bryah Resources, but retains the rights to battery metals.
    Bushveld Minerals (LSE:BMN) recently signed a conditional purchase agreement to acquire the Vametco vanadium mine from Evraz Group. Bushveld said it is focused on vanadium redox batteries.
    Energy Fuels (TSX:EFR,NYSEMKT:UUUU) is primarily focused on uranium, but processes vanadiumat its White Mesa Mill in the US.
    Intermin Resources (ASX:IRC) is primarily focused on gold, but does have one vanadium-molybdenum exploration-stage project in Queensland, Australia.
    Syrah Resources’ (ASX:SYR) main asset is the Mozambique-based Balama project. It primarily includes graphite, but also has vanadium potential.
    TNG (ASX:TNG) is developing its Mount Peake vanadium-titanium-iron project in Australia’s Northern Territory.
    Vanadium One Energy (TSXV:VONE) announced in March that it is in the process of acquiring a 100-percent interest in the Mont Sorcier vanadium-iron-titanium project in Quebec. The company also has a manganese project in BC.
    VanadiumCorp Resource (TSXV:VRB) has an early stage project known as Lac Dore, and the company believes it can become a big-time North American supplier and major player in the vanadium industry.



    http://investingnews.com/daily/reso....north-america/
    "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

  3. #23
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    What did you make of the quarterly JB?

  5. #25
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    Overall all looks to be going to plan ..Grades and recoveries all brilliant at or above expectations

    June Qtr showed $3.5 million received up until the end of the quarter but $3.8 million received in the last 28 days which, of course, does not show in Qtr figures.... so free-flowing cash is brilliant ...they of course paying back RM contractors some 2.1m>> plan is from current resource plan to keep mining till october so AUG 3.5mill+ SEPT 3.5mill+ OCT ? .....as they state in the Qtr profit to IRC should be around 7-8mill after costs ....so come Oct-Nov we should be moving forward onto stage 2 then 3 (2018>) will here more as the exploration continues
    "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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    TEAL GOLD MINE OPERATIONS UPDATE
    HIGHLIGHTS
     Mining, ore haulage and processing continues successfully at the Teal open pit
     Ore mined to date totals 98,900t grading 3.20g/t for 10,160 ounces
     Gold recoveries remain at 94% for an estimated 9,550 ounces recovered to date1
     Repayment of Intermin’s capital investment of $2.1m complete
     Return of Intermin’s asset recovery charge of $2.15m expected this Quarter under the
    terms of the Mining Alliance2
     Teal on track to produce 15,000 – 16,000 ounces at All In Cost (AIC) of A$1,030 – A$1,090
    per ounce generating total net cash flow to Intermin of $7m – $8m at a $1,600/oz gold
    price3
     Cash and investments to date4
    rise to more than $6m with mining completion of Stage 1
    expected in the December Quarter 2017
    "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

  7. #27
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    When is IRC going to run JB? Seems like the hand brake is well and truly on at the moment. Plenty of drilling happening right now. Have you had a look at the prospects and are you tipping mucho success in this drilling campaign?

  8. #28
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    Cool IRC sitting duck >>> SP controlled IMHO

    You're not the only one .....IRC SP is being controlled IMHO ,,,,why well just look at there location in the heart of the Gold fields neighbours to our prime exploration permits>>

    Barrick Gold,Newmont,EVN,NST,Zijin all Major muti-billion market caps...Gold producers

    looking over the last few months ....every good ann from IRC SP gets hit doesn't matter how much buying volume ...every time the SP rises then closes even lower than low ....its being keeped at 9c or close to it

    IRC is not allowed to move on the back of many great anns .... just look at today's ... Toll treatment going to plan 6mill in cash-receivables
    10mill will be crossed before Xmas ... Biggest drilling program on some of the best gold ground in the world ...

    I have spoken with are biggest holder M.R (around 50% S/H of IRC) many times when I was a MKO S/H ... I know from those conversions the guy has a price for any of his share holdings and he is getting long in the tooth to be stressing about long term future of the likes of IRC... I'm sure mgmt of the above majors will know this >>

    Could even be AXF the mega rich J/V partner on are Vanadium project ...?? I'm sure they would have already taken samples and testing offshore from project ...maybe they now see how now viable the project is and the billions in value .... IRC only 19mill ....easy pickings
    but still waiting on further test results before making their move


    I'm lease 80% confident IRC is a current Target ... will be trying to get hold of JP the MD of IRC tomorrow
    "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

  9. #29
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  10. #30
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    I'd love to see Intermin maximise its potential with JP at the helm, rather than be taken over before it's really made that big discovery.

    At the moment it seems 'the predator' is content to watch and monitor. But if that big success comes, how can they stop the SP from really going on a tear before they can nip in and take it over dirt cheap?

    i.e. what is stopping 'the predator' from moving now, or do you think the current SP suppression will be going hand in glove with overtures to MR to sell his stake?

    No matter how old human beings are, surely everyone wants maximum value - if only to pass it on to their families. It's just human nature. Would MR really be happy to accept a low(ish) ball offer for his stake if he senses that there is so much more value that JP is building?

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