Winenut
Go AVZ!
Are any of us not "risk averse" after Manono???I'm tapped out at the moment but a good opportunity for the non risk averse amongst us
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IXR General Discussion 2022
- Thread starter Mazewolf
- Start date
Hi All
Who took profit at 8/10c ??
8 - 10 bagger if you got in around .009c ............or even a 5 bagger if you bought at 2c
Divergence on the RSI 14 ( green bubble ) or the big fat bearish red candle with high volume ( yellow arrows ) , confirmed by another long bearish candle with high volume, were the clear red flags for folks looking to take profit....
Currently, this ugly wave 2 down movement still playing out, good support at 78 fib and 2c, indicators over sold, what will be the catalyst ( FA ) to fire up this stock ?
Is IXR in the " orphan period ?
imo
Who took profit at 8/10c ??
8 - 10 bagger if you got in around .009c ............or even a 5 bagger if you bought at 2c
Divergence on the RSI 14 ( green bubble ) or the big fat bearish red candle with high volume ( yellow arrows ) , confirmed by another long bearish candle with high volume, were the clear red flags for folks looking to take profit....
Currently, this ugly wave 2 down movement still playing out, good support at 78 fib and 2c, indicators over sold, what will be the catalyst ( FA ) to fire up this stock ?
Is IXR in the " orphan period ?
imo
Winenut
Go AVZ!
YesHi All
View attachment 36691
Who took profit at 8/10c ??
8 - 10 bagger if you got in around .009c ............or even a 5 bagger if you bought at 2c
Divergence on the RSI 14 ( green bubble ) or the big fat bearish red candle with high volume ( yellow arrows ) , confirmed by another long bearish candle with high volume, were the clear red flags for folks looking to take profit....
Currently, this ugly wave 2 down movement still playing out, good support at 78 fib and 2c, indicators over sold, what will be the catalyst ( FA ) to fire up this stock ?
Is IXR in the " orphan period ?
View attachment 36695
imo
- mining licenseHi All
View attachment 36691
Who took profit at 8/10c ??
8 - 10 bagger if you got in around .009c ............or even a 5 bagger if you bought at 2c
Divergence on the RSI 14 ( green bubble ) or the big fat bearish red candle with high volume ( yellow arrows ) , confirmed by another long bearish candle with high volume, were the clear red flags for folks looking to take profit....
Currently, this ugly wave 2 down movement still playing out, good support at 78 fib and 2c, indicators over sold, what will be the catalyst ( FA ) to fire up this stock ?
Is IXR in the " orphan period ?
View attachment 36695
imo
- plant commissioning June/July & sales
Yes, you took profit, or yes Ixr is a orphan?
Winenut
Go AVZ!
Orphan stage....IMO
Winenut
Go AVZ!
By their own admission in the recent preso IXR have indicated exactly the stage they think they are at
Overlay that with the well known lifecycle graphic
Pretty decent correlation of the end of orphan period just prior to the development stage
Uganda's new Mining Regulations are expected to gazetted in June
Currently IXR cannot submit their final submissions and application for the ML as they need to understand the changes to the Mining regulations and incorporate that into their final documentation
I understand once submitted the relevant authories have 60 days to provide a decision on the licence
Any further delays or roadblocks that present problems with IXR being awarded the licence will be like reliving the current AVZ nightmare all over again
If you have the stomach for it around the 2c mark right now would seem like a pretty good risk/reward play "if" (and it's a big "if") the new mining regulations are completed and gazetted in the expected timeframe AND IXR's final submissions are made quickly thereafter AND the Ugandan process of review and decision occurs in the expected 60 day timeframe
Mmmmm......a few ducks to line up and Africa is ....well.....Africa!!
Food for thought as Frank would say.........
Overlay that with the well known lifecycle graphic
Pretty decent correlation of the end of orphan period just prior to the development stage
Uganda's new Mining Regulations are expected to gazetted in June
Currently IXR cannot submit their final submissions and application for the ML as they need to understand the changes to the Mining regulations and incorporate that into their final documentation
I understand once submitted the relevant authories have 60 days to provide a decision on the licence
Any further delays or roadblocks that present problems with IXR being awarded the licence will be like reliving the current AVZ nightmare all over again
If you have the stomach for it around the 2c mark right now would seem like a pretty good risk/reward play "if" (and it's a big "if") the new mining regulations are completed and gazetted in the expected timeframe AND IXR's final submissions are made quickly thereafter AND the Ugandan process of review and decision occurs in the expected 60 day timeframe
Mmmmm......a few ducks to line up and Africa is ....well.....Africa!!
Food for thought as Frank would say.........
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Winenut
Go AVZ!
The recent school attacks in Uganda are absolutely horrendous
Very serious issues here
I hope the people, families and children in Uganda can find safety ....especially in their schools going forward
I can't even fathom this
https://www.bbc.com/news/world-africa-65937484
Very serious issues here
I hope the people, families and children in Uganda can find safety ....especially in their schools going forward
I can't even fathom this
https://www.bbc.com/news/world-africa-65937484
Winenut
Go AVZ!
Some progress potentially with at least the updated Mining and Minerals (Licencing) Regulations 2023 finally being gazetted by the Ugandan Government
This should open the way for the MLA fee to be paid which is required for the ML to be issued
The cost is nominal (only about US$5400) so no problem there
Giddy Up!
This should open the way for the MLA fee to be paid which is required for the ML to be issued
The cost is nominal (only about US$5400) so no problem there
Giddy Up!
Frank
Top 20
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Sammy_da_Smile
Regular
Indeed great news Frank!
Lucas Don Velor
Regular
Congrats all... I decided to buy a few days ago, based on TA divergence and promising fundamentals...Yay & Hip Hip Hooray now i'm only Down @ 40% after today
View attachment 43938
View attachment 43937
Frank
Top 20
*Ditto, Nice to see The Honorable Minister Ruth Nankabirwa Ssentamu of Uganda make an announcement during her speech at #AfricaDownUnder, stating she will be signing the mining license for @Ionic_RE upon her return to Uganda after completing her tour.
Showing Antoinette / Minister of Mines / DRC how to do business with us Aussies where it's "Win-Win" for all
Antoinette could have done the same for AVZ but pulled the ( Butt ) Plug on it ( WTF Bitch )
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Nice announcement with impending ML.....
As a result, SP got of the canvas at 1.6 support with large volume, now the challenge is to break 2.4c resistance, it may back test to 2c before doing so as the hourly chart looks a bit cooked...
Double top 2.4c, RSI 14 is OB, SP high on the bollie..
If it does drop to 2c, i may put in a few k for a trade / punt
imo
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