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  1. #16
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    Had my shares for sale at 0.024 at the end of last week. Still there monday night so thought things are holding up well i might as well hold so tried to cancel sell order, but the cancel wouldn't work (ASB). Sent an email off to brokers. Tuesday night they had sold. Not to worried, all things considered probably best its sold, even if they take off with some discovery. Will consider buying back in at some stage. I have done OK.

  2. #17
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    Shares are down to 1.8 cents. Presumably because of general market weakness corona virus etc... IVR made an announcement to market a week or so ago about drilling progress. First hole got to 850 metres and then a problem occurred and they couldnt retrieve the core any more. They backed up to something like 550m and started another hole on a slightly different line from the first. This should be down to the target of 1000m by now unless there have been more problems. They said the cores had come out good in the original hole but not explaining the anomalies they are targeting. This disheartened some share holders. So awaiting progress on drilling report.
    Put in an order for 500,000 at 1.7 cents Wednesday night but not sure it will get filled any time soon.

  3. #18
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    Order got filled. Probably the outlook is for further softening next week. Might buy a few more.

  4. #19
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    Finally got the drilling update and it wasn't positive. Went down to almost 1200 metres. The cores not showing mineralisation and not explaining the anomalies they were targeting. Starting hole 2, 800 metres from the first drill. Not sure if this writes off maslins or not. Shares heading lower, 1.4/1.5 cents. At 1.5 has a market cap of 12.7m, had 4million cash in December.

  5. #20
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    Thinking about it some more. My reading of the announcement is their research indicated a potential mineral deposit at 600 to 800 metres. In drilling the first hole they found nothing up to 1200 metres. They still think there is something there but it is beyond 1200metres. Presumably they stopped drilling because of the cost and the likekly hood mining at that depth is uneconomic if they did find something. I am no geologist but I imagine the different types of rock are in layers, it seems to me drilling 800 metres away the likekly hood is for more of the same. There are some good geologists on HC but they havent posted yet. I am thinking a few people who were holding for the potential at Maslins will now sell, cut their loses. I think that the shares could now drop below a cent in this market. Paris is not going to be producing in the forseable future. The company can survive but only silver bugs are going to see the positives. Probably I should sell at these levels and buy in lower but I think I will wait to see a clearer picture.

  6. #21
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    I think I will hold and try and buy some more for .013. It took 13 holes to find Olympic Dam and 3 to find Oak Dam. Silver is around $26 Aus an ounce, near 5 year highs. No doubt the price will drift lower under the market circumstances.

  7. #22
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    Silver being treated as more of an industry metal by the paper market than safe haven at present not helping it's case to get anywhere close to the true ratio of Silver:Gold in the earths crust est. around 16:1 makes the current 97:1 a joke ... personal have nil investments on the ASX with Silver prospects why would I with AUD Gold at record highs and Margins FAT with energy costs down low (unlike the last GOLD Bull market when OIL was also very high in price)

    I certainly wouldn't say IVR is a SELL at these levels but IMHO not a BUY as better micro-cap plays on the market
    People don't have ideas, ideas have people

  8. #23
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    I have been buying more over the last week. 200,000 at 1.3 cents. I am not confident it is a good idea at all. Yes it seems to have decoupled from gold. One speculative thing IVR has is Maslins. Possibly they will strike gold copper and other valuable minerals in the not to distant future.
    One thing that worries me about gold is in the last great depression they made it illegal to own privately. I am worried in a severe economic crisis controls would be introduced to discourage capital flowing out of the productive sector. I am probably being silly here.
    Yes other micro caps in the gold sector could very likely do better than IVR. I am guessing there might be some take over activity, the miners must be getting good cash flows and buying ounces in the ground is probably easier than finding it. Or with the tech they have now for finding the most prospective targets they can narrow down the tennements that are the most desirable.

  9. #24
    FEAR n GREED JBmurc's Avatar
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    [QUOTE=zero;797634]I have been buying more over the last week. 200,000 at 1.3 cents. I am not confident it is a good idea at all. Yes it seems to have decoupled from gold. One speculative thing IVR has is Maslins. Possibly they will strike gold copper and other valuable minerals in the not to distant future.
    One thing that worries me about gold is in the last great depression they made it illegal to own privately. I am worried in a severe economic crisis controls would be introduced to discourage capital flowing out of the productive sector. I am probably being silly here.
    Yes other micro caps in the gold sector could very likely do better than IVR. I am guessing there might be some take over activity, the miners must be getting good cash flows and buying ounces in the ground is probably easier than finding it. Or with the tech they have now for finding the most prospective targets they can narrow down the tennements that are the most desirable.


    from 1933 to 1974 it was illegal for U.S. citizens to own gold in the form of gold bullion, without a special license. On January 1, 1975, these restrictions were lifted and gold can now be freely held in the U. S. without any licensing or restrictions of any kind...

    I could only see these being reintroduced if the US dollar was once again backed by GOLD ...
    People don't have ideas, ideas have people

  10. #25
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    Some one once said words to the effect, gold they go to a lot of trouble and expense to dig it out of the ground only to go to a lot of trouble and expense in burying it again in a vault or something.
    Gold competes with the fiat economy, its not social. That said it is well beyond my expertise to have any idea of such matters/economics.

    Interestingly they backed the currency with gold but made it impossible to redeem it for bullion (the US as per JB's post).

    So I am not doing so well now. Silver at $14.70 US/ounce. Every thing is down, shares gold, silver, crypto. Probably a few weeks wait for an update on Maslins drilling progress. Friday IVR shares dipped to 1 cents. The close was 1.2 cents and looked a bit artificial as if some one manipulated it up at the close. Must put me at a 10 to 20% paper loss counting the trade I did end of Feburary. Thats probably OK relative to a lot of others. And with everything looking grim is cash in some bank or institution going to be fully available in the future? Its all conjecture and imaginings at this time.

    After the GFC 2008 probably the best performing shares were those that had been marked down the most after the market collapsed, the speccies.
    Which way from here? may be some support at these levels or a drift lower? I imagine the helicopter money might be an option. Would they ever suspend the markets till things settle down?

  11. #26
    FEAR n GREED JBmurc's Avatar
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    I think for sure we will see being able to Short companies and the market cancelled for a few weeks and maybe even a Banking holiday + Market holiday etc ...I see Bullion dealers selling record amounts of Silver+Gold of late ... but as we know the paper market controls the price not the real demands ..well not yet
    People don't have ideas, ideas have people

  12. #27
    FEAR n GREED JBmurc's Avatar
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    After more market research I see IVR as a must buy(and have made my first purchase) as I really believe Silver is about to slingshot higher as many silver miners close because of COVID19 but demand for Silver bullion is breaking new highs ... and IMHO IVR has the best Silver project on the ASX

    SILVER PHYSL SHORTAGES >> Keith Neumeyer, CEO of First Majestic Silver
    https://www.youtube.com/watch?v=g5sTmdYLlDM

    If this plays out the way I think it will and we see silver move back towards 30:1 ratio to GOLD(like it reached 2011) we will see AUD Silver go past $80oz and thats if GOLD doesn't move higher which IMHO it will so AUD $100oz is my Target in the next 2yrs (but could be much sooner)

    IVR has a great Silver Project>>

    Total Mineral Resource estimated at 9.3Mt @ 139g/t silver and 0.6% lead; for 42Moz contained silver and 55kt contained lead (based on 50g/t silver cut-off grade). The Indicated component is 4.3Mt @ 163g/t silver and 0.6% lead; for 23Moz contained silver and 26kt contained lead. The high grade and additional ounces confirm Paris as possibly the best undeveloped silver deposit in Australia.
    People don't have ideas, ideas have people

  13. #28
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    Seller pressure over not long till the Buyers drive higher on the right ann's and PM price movement200327032411.png
    People don't have ideas, ideas have people

  14. #29
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    Maslins second hole a duster. Share price heading south fast.

  15. #30
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    Will wait a day or two but considering selling up. Not sure if Maslins has the potential after 2 drill holes come up empty. Also the time factor if another drill program has to be planned.
    Dont think Paris has enough potential on its own. Seems to be a disconnect of silver with gold. The economics of mining Paris compared with the goldies available is unfavourable. Firstly the recoveries, under 80% for silver (at Paris) I understand while most gold mines are well over 90%. Probably they can improve the recoveries but might add to the cost. Then there is the scale. Say Paris is 50m oz at a gold to silver ratio of 100 thats only equivalent to 500,000 oz gold. Even at 50 it is equivalint to 1m oz, plenty of gold discoveries 1m plus out there. There might be 140 grams silver per ton at Paris open cast with no strip/overburden. But plenty of open cast gold projects with well over 1 gram a ton yield and 100 times the value per gram. They have a lot to do and much time before they make meaningful progress in mining at Paris. Lots of horror stories abbout getting mines into production, disappointing performance, cost over runs commissioning mills.
    Lots of under valued stocks out there now with arguably better prospects I am thinking. Cut my loss and move on.

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