"Ironridge switches focus to gold"

Today, Ironridge Resources, listed on the London AIM market issued an announcement.

Proactive Investors, UK covered the story:"Ironridge switches focus to gold." Thur, 14 July 2016. www.*.co.uk/companies/news/128202/ironridge-switches-focus-to-gold-128202.html

Preamble from said article:"Co has started a top down search for GOLD projects with potential to be WORLD CLASS deposits.  The current state of the global iron ore market and the poor outlook  for prices in the next 5 years  has prompted it out its iron ore projects in Gabon on hold."

Vincent Mascolo, CEO said:"Driven by market conditions and a SOLID treasury, our business review strategy was crucial & timely. We are also pleased with the continued support of our shareholders Assore Ltd of South Africa & Sumitomo Corp of Japan & DGR Global Ltd of Australia."

Ironridge Resources [sub of DGR] fell 47.5% to end today at 4.2pence [British]. It opened at 8p and the inter-day range was 4.2p-7.49p, market cap £14.46 million.

Note: For those watching iron prices, it is a difficult period.