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Thoughts on Ionic Rare Earths (IXR) please?

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Thoughts on Ionic Rare Earths (IXR) please?

A question for the weekend report. What is your opinion on Ionic Rare Earths (IXR). They appear to have a a great future in rare earths supply chain targeting mining, refining and recycling. The mining licence for Makuuta should be awarded by the end of Q1 2023. The recycling facility in Belfast appears to be progressing to plan and they are in talks to progressing refining capabilities in the US.

Answer

Hi Selwyn,

Ionic Rare Earths (IXR) is a $146mn WA based miner whose share price has more than halved from its 9.8c 2022 high, this is not a stock we follow closely hence are inclined to look at it from a technical perspective:

  • we like IXR into weakness under 3c or strength above 4c but I stress this is purely a technical viewpoint.

 

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Ionic Rare Earths (IXR)
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