Itech Minerals Ltd V.ITM.H

Primary Symbol: ITMIF

Metals & Mining Industrial Metals & Minerals

iTech Minerals Ltd is a mineral exploration company exploring for and developing battery materials and critical minerals within its 100% owned Australian projects. The Company is exploring for graphite, kaolinite-halloysite, regolith hosted clay rare earth element (REE) mineralization and developing the Campoona Graphite Deposit in South Australia. The Company also has extensive exploration tenure prospective for Cu-Au porphyry mineralization, IOCG mineralization and gold mineralization in South Australia and tin, Tungsten, and polymetallic cobar style mineralization in New South Wales. Its Campoona Graphite Project is an advanced development project. Its Eyre Peninsula Kaolin Project is made up of about 1445 square kilometers of ground in a highly sought after region of South Australia. Its Nackara Arc Project covers over 3000 square kilometers of the Nackara Arc Region in South Australia. Its Bartels Gold Project is on the Eyre Peninsula and prospective for epithermal gold.

OTCPK:ITMIF - Post by User

Itech Minerals Ltd > ITM completely consolidated

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Comment by mcv1on Jul 07, 2016 3:10pm

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Post# 25032901

RE:ITM completely consolidated

It is actually a much bigger deal than people realize.

About 40% of the stock is controlled by insiders who aren't selling. When you eliminate this to get the float. You are left with about 41.5 M shares.

Today's trading is over 40% of the float traded. You usually only require about 15% for a consolidation. 6- 6.5 cents is the new floor. Hard to say how high it goes but 20 cents should be easy since it has been there before without this level of support.

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