Ironveld Share Discussion Threads

[tommygriff] 25/2/2016 08:31

The weak rand should help the project

[mouse20] 23/2/2016 15:20

Does this bode well - Price of iron ore rising at last. Should impact on HPI

According to Metal Bulletin, the spot price for benchmark 62% fines jumped by a further 6.2%, or $3, to $51.52 a tonne, taking its gain from February 15 – the day Chinese markets resumed from the week-long Lunar New Year holiday – to 18%.

The gain in the spot price coincided with a sharp rally in Chinese iron ore and rebar futures on Monday. Iron ore futures leapt by 4.88%, outpacing an equally impressive 4.31% gain in rebar.

Both closed limit up for the session, meaning the price could not rise any further based off established contract specifications.

On the back of the continued surge in futures, the benchmark spot price has now risen 18.2% year to date, extending its gain from the all time record low of $38.30 a tonne struck on December 11 last year to an amazing 34.5%.

It has been a stunning recovery, and one that few thought possible given deteriorating supply-demand dynamics seen in recent years.

[sabzahmed] 22/2/2016 16:01

Totally agree. It's not in managements control. All sounds like it's moving in the right direction though. I think (can't be bothered checking) in one of the RNS they said they need to nail down off take agreement etc to finalise funding... To me that sounds like they probably have some sort of agreement in place and just need to do these last bits before its official.

[annie38] 22/2/2016 13:21

Sab: Yes, running a couple of months late now, at least for that piece of news. Quite possibly outwith the control of management, but do wish for once they would under-promise and over deliver.

[sabzahmed] 22/2/2016 12:17

Funding taking longer than expected. CG said end of year in Oct. I guess some people bought in here to take advantage of the rise the funding would bring but are now getting bored and taking their money out?Can't be too long now though. Getting ready to rock and roll :-)

[quidnunc] 22/2/2016 11:54

Still locked in a downtrend.
Q.

[taudelta1] 19/2/2016 17:14

think it was just the 100k seller at 4.25 causing the offer to drop to 4.50 ... so the mid-price initially moved 9% on a £4k trade .. hope the illiquidity works in both directions!

[bigwavedave] 19/2/2016 14:36

Yes, very odd. Mostly buys from what I can see.

[annie38] 19/2/2016 13:04

No apparent reason for the fall here today based on the trades that I can see so far. Either something of a tree shake or these is a chunky sale in the wings.

[ny13] 12/2/2016 08:34

he didn't say funding complete

[sabre6] 11/2/2016 16:36

I thought he said funding complete and basically all systems go

[mouse20] 11/2/2016 13:57

Was not sure whether he said in the video whether Ironveld was aim listed or aimless. Really could do with confirming this funding 'imminently'.

[al101uk] 11/2/2016 13:03

hxxp://brrmedia.co.uk/event/141376/peter-cox

Thanks mouse!

[mouse20] 11/2/2016 12:58

We are ready to rock and roll, as per dr Peter cox's own words on his video release today. I've not got the link to hand but it's on brrmedia.

[sabzahmed] 11/2/2016 11:16

Turn of year

[quidnunc] 11/2/2016 09:22

LOL, any day nooooooooooooooooooow...............
Q.

[reardons] 11/2/2016 08:48

CAN SOMEONE PLEASE TELL ME IS THE SMELTER BEING BUILT IN 2016 OR 2017

[reardons] 11/2/2016 08:48

CAN SOMEONE PLEASE TELL ME IS THE SMELTER BEING BUILT IN 2016 OR 2017

[andrbea] 06/2/2016 16:33

signs of hope for iron stocks (article, Feb 4)?

[bigwavedave] 05/2/2016 11:09

Torture as a hobby, Annie? Interesting!

[annie38] 04/2/2016 16:18

Tommy: Try to stay calm. I have taken up water boarding recently as a hobby and find it provides some light relief from watching this !

[tommygriff] 04/2/2016 12:52

Come on Iron!!! Where's the details on finance for dam sake!!