Gee Mr Trader I really hope you make a lot of money but honestly...

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Oldtimer46

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02/10/18

19:40

Post #: 35967991
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Originally posted by Sharetrader78 ↑

Yes, I've certainly got a lot invested in IRC but the V is really only a small part of IRC portfolio of assets. I don't think the market gives more than 4-5mill in value added to IRC market value

From what I've read the project area has huge amounts of oil esp at deeper levels on average 24lt of oil per ton on av. at deeper levels much higher 45lts etc

As you see from the permit map IRC area is large to the north and Northeast of QEM you can see part of it that has been transferred to AXF ownership (so till AXF meet their full 5mill spend and milestones by SEPT 2020 IRC will still hold 75% of the area)

An earn-in Joint Venture whereby AXF can earn 25% of the project area by spending A$1m within a one year period and maintaining the project in good standing

I do agree with you Chris on IRC giving away their V project control on the cheap (well 6mill plus 430k invested in IRC shares in total for 75%) If QEM was listed on the ASX for the last 20yrs I'm sure they would have had to find ways to progress the project as well.. and going forward I will be very interested to see how it pans out for our neighbor
I 100% hope it goes well as that will bode well for all in the area

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Gee Mr Trader I really hope you make a lot of money but honestly disagree with your posts on QEM , It's true they are not in production I believe what I read in the IPO, if they get Oil Shale going as well as Vanadium which I believe will happen, they should fly, as I have said before they are in the right area for Oil Shale to have a chance.
QEM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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Last 4.4¢		Change 0.001(2.33%)		Mkt cap ! $19.68M

Open	High	Low	Value	Volume
4.3¢	4.4¢	4.3¢	$2.237K	51.54K

Buyers (Bids)

No.	Vol.	Price($)
1	23390	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	179557	1

View Market Depth

No.	Vol.	Price($)
1	7692	0.130
3	100367	0.125
2	81666	0.120
2	15000	0.100
1	11122	0.090

Price($)	Vol.	No.
0.140	9997	3
0.145	137253	5
0.150	29889	3
0.160	80000	2
0.165	10000	1

Last trade - 11.50am 27/11/2024 (20 minute delay)

QEM (ASX) Chart

Gee Mr Trader I really hope you make a lot of money but honestly...

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