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13.5¢ intermin resources limited

Yes, Fully Agree, Back in the days when the POG was around 260 a...

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18/11/18

18:28

Post #: 36549219
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Originally posted by JamesExpat2: ↑

Peter Bilbe as most here would know is the highly respected current chairman of
Independence Group(IGO,Adriatic Metals PLC(ADT-IPO April'18)) and of course our own IRC.
Both IGO and ADT from a SP only perspective are going great guns whilst IRC's SP is in the
doldrums despite acknowledged excellent leadership by Jon Price,MD/CEO.
Reading ST 78's post my own theory now is that there is no danger of IRC being taken over
for a cheap price(say ~ 40c-45c per share as per external valuation).On the contrary with M.R.
and his friends said to be holding defacto control-51% it's now more likely IMO that MR etc
have their own quiet target of ~ $1-$1-50 per share(I hear some laughing as we seem stuck
on ~ 15c/15.5c).M.R. is IMO the main difference between IGO,ADT and IRC.
IMO M.R. has his own agenda for IRC ie a "medium term" (~ 2.5 yrs-5 yrs) rather than most
of us here (6mths-1 yr)want.
JP is IMO driving IRC to a plan of "well beyond "the stated 1m ozs resource and over 2.5 to 5 yrs.
So M .R. and friends with their s/holding can dictate this.
If/when IRC's SP reaches(under their plan (my guess)the $1-$1-50 c SP then
M.R.with his multi million shares cashed out can push ahead with his new "real dream baby" namely
Reward Minerals(Potash).
If I'm correct then it seems we IRC s/holders might be locked in as minority s/holders for
some time before our "reward"(pun intended) can come to fruition.
NB I myself now need to rethink my own strategy as IRC is my main holding apart from
small ADT.
It's likely predators of IRC have already made several overtures to JP and his team however
with M.R. in the background pulling the strings for a takeover SP "well beyond" a reasonable
40c-45c they (predators have slunk away).
Hope I'm wrong on all this !I don't want to wait that long.

Expand

Originally posted by JamesExpat2: ↑

Peter Bilbe as most here would know is the highly respected current chairman of
Independence Group(IGO,Adriatic Metals PLC(ADT-IPO April'18)) and of course our own IRC.
Both IGO and ADT from a SP only perspective are going great guns whilst IRC's SP is in the
doldrums despite acknowledged excellent leadership by Jon Price,MD/CEO.
Reading ST 78's post my own theory now is that there is no danger of IRC being taken over
for a cheap price(say ~ 40c-45c per share as per external valuation).On the contrary with M.R.
and his friends said to be holding defacto control-51% it's now more likely IMO that MR etc
have their own quiet target of ~ $1-$1-50 per share(I hear some laughing as we seem stuck
on ~ 15c/15.5c).M.R. is IMO the main difference between IGO,ADT and IRC.
IMO M.R. has his own agenda for IRC ie a "medium term" (~ 2.5 yrs-5 yrs) rather than most
of us here (6mths-1 yr)want.
JP is IMO driving IRC to a plan of "well beyond "the stated 1m ozs resource and over 2.5 to 5 yrs.
So M .R. and friends with their s/holding can dictate this.
If/when IRC's SP reaches(under their plan (my guess)the $1-$1-50 c SP then
M.R.with his multi million shares cashed out can push ahead with his new "real dream baby" namely
Reward Minerals(Potash).
If I'm correct then it seems we IRC s/holders might be locked in as minority s/holders for
some time before our "reward"(pun intended) can come to fruition.
NB I myself now need to rethink my own strategy as IRC is my main holding apart from
small ADT.
It's likely predators of IRC have already made several overtures to JP and his team however
with M.R. in the background pulling the strings for a takeover SP "well beyond" a reasonable
40c-45c they (predators have slunk away).
Hope I'm wrong on all this !I don't want to wait that long.

Expand

Yes, Fully Agree, Back in the days when the POG was around 260 a Oz A million Oz resource was not considered worth mining, These days is another story, My Guess would be PB knows this and biting his time, This Stock could well surpass 2 million plus OZ in time, Takes Time folks, I also like this management they seem to know what they are doing, in which could benefit all, POG doing well, need for PB get back into some production in I believe they are in the process of doing, with these contractors that IRC are employing, The need to play Ball get into them PB build the resource seems the mantra. This Vanadium could be nice if the purity is High.

IRC Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

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