viewIronRidge Resources Ltd

IronRidge Resources: 'Shareholders to benefit from any uplift in value' following golden spinout

Proactive Mining analyst Ryan Long presents his latest research on IronRidge Resources Ltd (LON:IRR). The firm has recently announced its intention to demerge its gold assets located in both the Côte d'Ivoire and Chad into a new gold focused entity, which we have labelled NewGoldCo.

Ironridge will continue to advance its lithium portfolio, which includes the Ewoyaa Project, located in Ghana. While NewGoldCo will be listed on a recognised stock exchange and will have its own board and management.

Existing shareholders in IronRidge will still benefit from any upside resulting from the advancement of the gold projects by NewGoldCo through either a retained holding in NewGoldCo by IronRidge or by an in specie dividend of the shares in NewGoldCo to existing shareholders.

Click here to read Proactive analyst Ryan Long's latest research report on IronRidge Resources Ltd - 'Golden Spinout To Increase Shareholder Value'

Quick facts: IronRidge Resources Ltd


Price: 20 GBX

Market Cap: £114.75 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


FTSE 100 starts the shortened trading week flat

FTSE 100 was going nowhere at the start of trading even though US markets hit new record highs overnight. London’s blue-chip index was almost unchanged at 7,148 in early dealings. GlaxoSmithKline has started phase III trials of a Covid-19 vaccine that will test itself against rival...

2 weeks, 6 days ago

2 min read