2Mon·

IperionX sale

$IPX (-1.95%) Does anyone happen to know why IperionX (Titanrecycling) is currently being sold off so heavily? Several double-digit losses in a short time @Multibagger

9 Comments

Jürgen S.@Snoopyjs

2Mon

The earnings of March 12 were not so sparkling...net loss of around 34.8 million US dollars was even higher than in the previous period, due to the start-up costs of the operation...

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Chris@Multibagger

2Mon

The main reason is a massive balance sheet correction in assets. These are said to have been far too high due to a typing error. In addition, a further capital requirement is suspected, which would dilute the existing shareholders by 20%.

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Sebbster@Sebbster

2Mon

@Multibagger will you stay invested?

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Chris@Multibagger

2Mon

@Sebbster I'll definitely wait a little longer. I think the dilution is to be expected. I think the balance sheet correction is worse. However, I have stopped the savings plan for the time being.

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BockaufDividenden@BockaufDividenden

2Mon

It's really bad how hard the paper has crashed... Annoying

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Chris@Multibagger

2Mon

@BockaufDividenden Unfortunately, yes, but they are not threatened with delisting. It has also eaten away all my nice profits since Thursday

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toscho@toscho

1Mon

@Multibagger Hi my best, I've had them on my WL since your first introduction. Very exciting company. I would also like to add that the president, directors and CEO bought a massive amount of shares on March 30...

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Chris@Multibagger

1Mon

@toscho Yesterday and in the last few days they have also bought massively again. Sydney is up almost 10% again today. It will get better. But you need patience.

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BockaufDividenden@BockaufDividenden

1Mon

@Multibagger I just leave the share lying around with me, as it is already increasingly in the focus of the US government due to the securing of raw materials

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