Re: Current price ..just £ 18 million.... A true potential multi-bagger, even from here - after that last "pure-gold" RNS.Only 75k shrs in total showing on each side of the L2 bid/ask.....split between 3 mm's, each with 25k, so the mm's aren't exactly awash with shares.9.425p just been paid for 50k, against the best ask of 9.50p and now 2 of the 3 lots at the ask are at 10p.m
Current price ..just £ 18 million.. If this strike is even a tenth as good as the samples revealed this could be a tiny, tiny entry point for the shares...20p plus short target for me..
A lot, lot more great news to come ... MenuSearch hereHomeArticlesNewswiresVideosBig PictureColumnistsCompaniesEventsHighlightsEnergyMiningTechPharma & BiotechIn FocusSign-UpLoginWatch usLike usFollow usPro NAPro AUFuller Treacy MoneyStocktubeMining CapitalOil CapitalTech CapitalBiotech Capital Proactive Investors - Run Investors For InvestorsHomeNewsNewswiresLON:IRRIronRidge uncovers high grades for May Queen gold prospectShare 08:32 20 Jul 2016The explorers shares advanced around 7% in early deals as it highlighted the project's high grade potential.gold nuggetsThe data is significant and requires further investigation, says CEO Vincent MascoloIronRidge Resources Ltd (LON:IRR) told investors it has uncovered high grade areas of the May Queen prospect, in Australia, through the analysis of historic drilling records.On AIM, the explorers shares advanced around 7% in early deals.In a statement it said they included intersections in one hole 4 metres with 38.8 grams per tonne gold and 3 metres at 18.9 grams per tonne gold.Another hole measured 2 metres at 73.4 grams per tonne, and 1 metre with 145 grams per tonne.The company highlighted that the mineralisation is still open along strike, in both directions, as well as at depth.It also noted that there are currently untested anomalies in the area.Vincent Mascolo, Ironridge chief executive, described the data as significant and told investors it requires further investigation."Multiple untested magnetic anomalies with similarities to May Queen occur along strike and concealed below younger cover sediments to the south; these too are significant and require follow-up," Mascolo added."The company's corporate strategy continues to yield positive results. IronRidge's initiatives have identified several opportunities, which are the subject of ongoing investigation. This, coupled with a strong treasury, positions the company in good stead for the future and the Board looks forward to keeping shareholders updated with developments."
Exciting .... Incredible!!!! HIGHLIGHTS· Historical intersections including 4m @ 38.8g/t Au (at end of hole) and 3m @ 18.9g/t Au in hole BPH15;o 2m @ 73.4 g/t Au, including 1m @ 145g/t Au in hole BPH1.· Mineralisation remains open along strike in both directions and at depth.· Discrete magnetic anomaly spatially associated with mineralised intersections; additional untested magnetic anomalies discovered along strike to the south-east underneath 20m to 50m of cover.· May Queen Prospect is located within wholly owned Central Queensland tenure package.That is outstanding levels of gold per ton and at the surface..Quite unbelievable but true ..
Seems like interest building and at present unable to buy any so pleased with my purchase awaiting JORC announcement
news awaited Managed to pick up some at 2 pence which i will hold as announcement of significant high grade discovery in December mentions JORC resource estimate by first quarter of 2016.So can expect news at any time
Shares tightly held I am not surprised to see the movement as the company seems fully funded after raising at 10 pence backed by holdings of long term holders Assore Ltd 30%, Sumitomo 12% and DGR Global 26% apart from directors holdings. with any news may be difficult to buy with so few shares available
Brokers Thoughts Today On, EMED, OTC, KEFI, SXX, IRR [link]