Australian (ASX) Stock Market Forum

IXR - Ionic Rare Earths

greggles

I'll be back!
Joined
28 July 2004
Posts
3,806
Reactions
3,249
Saw this one come up in a scan today and noticed that it didn't have a thread yet.

To quote the company:

Oro Verde Ltd is a mineral exploration company focused on identifying and developing significant gold projects in Central America, particularly Nicaragua. Oro Verde holds an Option to Purchase Agreement to acquire 100% of the Topacio Gold Project in Nicaragua that contains a NI 43-101 compliant Inferred Mineral Resource of 340,000 ounces of gold. Oro Verde also holds 100% of the early stage San Isidro Gold Project, also in Nicaragua, located adjacent to the reported 2.3 million ounce La India gold project.

The company was formerly known as Ezenet Limited.

The reason it came up in a scan today is because it's tanking.

big.chart.OVL.gif
 
Joined
17 August 2006
Posts
6,017
Reactions
5,578
Thanks for following this one up Cam ….. It was a Volume/price riser last week …

The volume has dropped off since the initial spike and the Project is in the semi unstable Nicaragua so there are some risks from a trading point of view ….

They also recently raised capital at 0.0025 so the current spike looks potentially orchestrated to me, but that is just an assumption:cautious: … Interesting to see how it moves from here.
 
Joined
27 June 2010
Posts
3,694
Reactions
167
On March 24th, 2020, Oro Verde Limited (OVL) changed its name and ASX code to Ionic Rare Earths Limited (IXR).
 
Joined
17 August 2006
Posts
6,017
Reactions
5,578
... I can feel a rotation coming.

Agree Rock. The Punters are having a crack at each Rare Earths Co in an orderly fashion it seems :bookworm:

Another 400,000,000 shares hit the streets with VML today so some profit taking to be expected.

Very good timing on your trade with this one:cool:
 
Joined
3 May 2019
Posts
4,037
Reactions
5,450
The Punters are having a crack at each Rare Earths Co in an orderly fashion it seems
I may disagree there Barney, this one and REE running up, and I suspect that most of them are..
But not sure about others, need a heavy metals/ rare earths watchlist...
maybe @Dona Ferentes is aware of the bigger picture?
There seems to be a boom on speculation.
 

Dona Ferentes

κατάσκοπος
Joined
11 January 2016
Posts
7,385
Reactions
8,181
I may disagree there Barney, this one and REE running up, and I suspect that most of them are..
But not sure about others, need a heavy metals/ rare earths watchlist...
maybe @Dona Ferentes is aware of the bigger picture?
There seems to be a boom on speculation.
Post #27 has a list, in this ASF thread

I'm trying to think if I want to buy into one of em
 

Dona Ferentes

κατάσκοπος
Joined
11 January 2016
Posts
7,385
Reactions
8,181
That's a long time ago.😀

But seriously, I'm interested in the sector, but v. hesitant about taking a position. On risk/ reward balance, I think ASM and VML are the easiest; the others may or may not get up. But of course ASX isn't the only hunting ground.

Maybe a small position and wait for inevitable cap raising
 
Joined
17 August 2006
Posts
6,017
Reactions
5,578
Because there's no orderly, it's disorderly.... a mute point... :wheniwasaboy::beaver: I sold out... (+$ 430 net) NEXT !

All good. It was only meant as friendly banter as you are quite correct. I no longer have either my big green Smilie face or my open mouthed mad looking Smilie to convey the correct intent ..... My above post would have had one or the other! :oops: ......

Good trade btw (Insert big green grinning smilie please!)
 
Joined
19 February 2016
Posts
478
Reactions
666
I learned over the years to ask a lot of questions when I see Airguide, 1620 Capital, sixty two capital, Ahmad's, Maynard, or Brewer as shareholders of an African Junior.
 
Joined
3 May 2019
Posts
4,037
Reactions
5,450
I learned over the years to ask a lot of questions when I see Airguide, 1620 Capital, sixty two capital, Ahmad's, Maynard, or Brewer as shareholders of an African Junior.
If I knew the truth about alot of the companies I trade, I wouldn't buy.
Mostly are purely technical chart based momentum play's... in and out whilst things are still moving.

It's hard to watch when they sometimes carry on,
however,
it's harder to watch having them drop hard, to never recover, bottom drawer?
No, a bad loss. Chop it off like gangrene....
 
Top