They're not going to run out of money. They have numerous options in that department. I don't know what gold price will be but Minera IRL will do well in either a high or low gold price environment.
So it appears that it was Miton Group selling that caused this drop. That's what I get from this release at investegate.co.uk/article.aspx?id=20150218164650M7333
Windrush - You have to watch the TSX right now - usually most of the action is on LSE, but not lately. TSX was over 3 million shares yesterday with just 200k on LSE yesterday. I doubt this will last but you have to watch that to see what's going on behind the scenes at the moment. You can go to stockhouse.com and then go to IRL (no M) and then click on level II.
Maxo - U have to admit that you're on crack. Up and down, back and forth. They are not running out of cash, there are numerous things they can do to keep the cash going, and I'm not talking about a private placement.
I bought 152k today and yesterday - mostly at .06 - and I'm not selling until at least .20, but probably not even then.
It's a seller through Dundee and has been for a long time but no one knows who they are. At the moment there are only 4000 shares showing for sale at 6 cents but I'm sure there are more behind it.
He's on crack. Just ignore him. Up and down for no reason.
Jeremy's mobile number is 647-692-5460. (Toronto number)
I was just talking to Jeremy at Minera IRL. Still working to finalize financing. They don't really understand the games being played with the share price. I really think someone's working very hard to shake out the weak hands. I think Maxo may be a part of this. If you have a lot to invest and you can shake out shares for low prices, you can get that many more shares and make that much more money when this goes back up to 90p. I've been watching level 2 every day and watch the little guys buy high and sell low so whoever is doing it is getting the cheap shares they want. As for me, I'm buying as much as I can.