You're right ibwaiting. I meant no offence. It's just that financing is everything with this stock and that's what's keeping it so undervalued. Remember that 3 years ago, MIRL was over 90p and it's in better shape now than it was then in that Ollachea is ready to go once financing comes through.
It still appears that the big seller on the Minera IRL seller on the TSX over the past few months is done now. The buyers are the ones I believe are in the know or have some clues as to what's coming. 6p? - that's just silly! I've been studying this company for a year and a half and I expect much much more out of this.
And by the way, it's looking like the big seller on the TSX that was mainly responsible for the price drop over the past few months is done and gone. Still too early to know for sure but it seems so.
I'll speculate ibwaiting. I believe it's a 10-bagger and that as soon as financing is announced, it should be trading in the 50p area. And if gold sentiment changes, even higher.
will probably be a good week for gold price. establishing a base now
The data's delayed today. I bought some on the TSX at .07cdn this morning and it's not showing at all.
Some Peru projects are much lower grade than Minera IRL's Ollachea so wages and oil price is a bigger factor. Minera IRL will have one of the lowest cash costs to get each ounce out of the ground in the business. And Peru is still considered one of the best jurisdictions. And the community of Ollachea is very, very eager to get going with this mine.
They've got numerous options if the cash starts getting tight over the next few months but issuing shares is not one of them. They are in advanced financing talks so something good should be announced soon.
There's no cash raising planned at all except some time after financing is done.