Ironveld Share Discussion Threads

[taudelta1] 03/12/2015 16:26

One could equally say it's tightly held, there's no volume for sure, bearing in mind that 195,000 are required for only £10k at the mid-price of 5.13. It has to be one of the best junior miners around .. the others seem to have big-time issues, e.g. at WLFE the price of tungsten is below break-even, at BKY there's an election due that could bring the Spanish left into power who may prevent uranium mining, etc etc.. Season's Greetings to all!

[tommygriff] 03/12/2015 15:45

Not much interest in this still!!!

[donaferentes] 28/11/2015 16:33

Thanks Taudelta1 - spoken like a Trojan! err . . . . .

[taudelta1] 27/11/2015 16:21

noted, many thanks cr

[callumross] 27/11/2015 14:32

Taudelta1 - no tax payable for first few years of production due to previous losses and capex!

[taudelta1] 27/11/2015 14:27

donaferentes .. there are no Greeks bearing gifts to fear here! Doubling in share price would imply a p/e ratio (on eps from first full year of smelting) of approx 4x (I've allowed for estimated tax and the 26% going to the black economic empowerment provision)... think we can reach 4x + as a first objective with more later, given the potential for more smelters down the line ... GLA

[donaferentes] 27/11/2015 13:45

me too - but only need it to double from here to be in the money! Ah well.

[sabzahmed] 27/11/2015 13:26

I too bought in first at the same time as you Callumross so I know the feeling :-(

[sabzahmed] 27/11/2015 12:21

Thanks everyone

[callumross] 27/11/2015 12:18

Shows share trading is all about timing. I got in far too early when the DFS was published in April 2014. Should have just waited. Now we are on the cusp of financing, offtake agreements and construction, all likely to be announced within the next 3 months and suddenly the market is waking up to the fact that this one is going to happen. £9.5m profit before tax in the first full year of production. That tells me that the share price should be a lot, lot higher.

[taudelta1] 27/11/2015 12:11

It implies MMs have a buyer willing to pay up above the previous offer price.. maybe now people waking up to potential if and when that financing is announced .. worth remembering that it's small beer for SA institutions who may be keen to curry favour with the government by supporting the Limpopo economy, also it's quite short term finance and in effect will be a revenue bond, see cash flow projections in presentation on co's website ... DYOR, GLA

[orange1] 27/11/2015 12:11

Either trades have taken place but not yet been published or orders have been received and the share price adjusted in an attempt to effect the trades, for example to engineer sales to that a buyer can be provided with shares.

[sabzahmed] 27/11/2015 11:49

Wow looks like Iron is up 10% without any trades? How does that work

[taudelta1] 23/11/2015 13:36

Yes it was .. also they took the trouble to list the uses for HPI, clearly differentiating it from iron ore, we progress! GLA

[annie38] 23/11/2015 09:26

RNS out this morning. Broadly positive I would say.

[sabzahmed] 09/11/2015 10:57

I'm confident this will pay off (or I wouldn't be invested) although the time it's taking to sort out finance and off takes is very frustrating. Especially as they said they were finalising it in March and have since said its in advance stages.

[taudelta1] 09/11/2015 08:50

annie agreed ... substantially the only risk is financing, and the share price seems to exaggerate that risk .. (DmyOR) EPS from a full year of production from the initial smelter is 2p per share ... plus there is long term upside from further smelting facilities as originally contemplated... GLA

[annie38] 06/11/2015 16:05

BWD: While not without risk, at least until funding is in place, I prefer the greater degree of certainty that there is with this, in terms of end product which is never there with oil explorers.

[taudelta1] 06/11/2015 11:47

Or waiting for certain batsmen to perform? GLA ...

[bigwavedave] 06/11/2015 10:59

It's like waiting for approval for a pipeline.
Well, not that bad. But close.

[tommygriff] 26/10/2015 12:30

This mining share needs to start mining.

[quidnunc] 26/10/2015 10:49

At the bottom again...what is it with mining shares?
Q.

[taudelta1] 22/10/2015 10:55

Total value of trades taking us down to 4 3/8 has been really tiny ... not worth worrying about ... we should see the rest of the finance in place soon ... though there is of course risk (in fact ability to finance is just about the only major risk) ... I do think though that the value of this to the local economy ought to deliver the medium term (5 year) loan finance required of approx $50 mln ... the projected cash flows mean that this is not really very high risk lending ... DYOR & GLA ...

[sabzahmed] 21/10/2015 21:46

Need some good news

[quidnunc] 14/10/2015 13:45

Well another duck in line but progress is still a waddle.
Q.