People who think the IXR share price is related to company performance or management have to go and do more research.
The whole critical minerals sector is currently down.
Commodity prices has driven down the whole sector as well as other macro factors.
If things were all certain and no element of risk do you think you would ever get an opportunity to buy in at $88m market cap?
We are a company that is in development phase.
However if we can time our low Capex construction and scale up several more mining licenses over other tenements when the price cycle changes, I believe we will see the big money come in.
The big guys come in when certainty is confirmed (off takes, construction, funding, rising spot prices).
IXR have derisked and continue to derisk this project.
Plenty of fear around the markets currently and you only have to come on this forum to see people lay out their emotions.
rover22
Finally, some sense and reason. So many 'investors' nowadays whining that their 'hard earned' hasn't 10 ten bagged after every good announcement.
Like you say, the only time retail makes money is when we get in early, when the risk is highest.
A quick scan across the whole mining sector highlights how tough it is for miners at the moment, especially those not earning revenue and relying on finance to grow and develop.
Add to that the blatant shorting and price suppression across so many junior developers does not make for a calm and tranquil ride.
I assume the last couple days dump is mainly insto's bailing after not getting their quick pump (post SPP) and moving on, then that's likely triggered stop losses and some people's nerves.
Some of the news out of Uganda isn't pretty, but honestly where in the world right now is?
These are some wild times people, if you can handle the craziness, hold tight, it might just be the best thing we do!
Junhaus11
Food for thought
Pondering if I’m absolutely bonkers to consider topping up at these prices. Reading HC the company is a goner.
