Ironveld Share Discussion Threads

[al101uk] 09/5/2024 23:18

A 100% drop in share price required for Ironveld to become worthless. Exactly the same as it's always been.

[aceuk] 09/5/2024 18:08

The point is, anybody who's still got plenty is no longer that bothered, life goes on. Anything returned at all now is a complete bonus 🙂

[ladeside] 09/5/2024 17:12

They're already worthless if you don't have any, on the other hand if you have no interest here then you're actually wasting your own valuable time by even thinking about them and certainly posting about them, so in reality terms they're even "costing you" long after you have sold out.

Just something to contemplate.....

[malcolmmm] 08/5/2024 20:45

Not far to go before these are worthless.

[orange1] 02/5/2024 09:43

This is Kris's LinkedIn page: He has "experience on 3 continents".

[aceuk] 02/5/2024 09:09

Got international experience in .... wait for it .... corporate governance 😊

[petomi] 02/5/2024 07:40

New CEO appointed. Presumably he will have done some DD so is confident there is some sort of future and that finance can be raised.
We await further news.

[malcolmmm] 02/5/2024 00:17

Because I invested in these some time ago but I was stopped out If you look back I researched Groverner and saw the blatant fraud imo that they were. I warned shareholders. So use a stop loss .I also recommended BAE systems which have almost doubled plus divs . Sell your losers and keep/add to your winners, you know it makes sense

[malcolmmm] 01/5/2024 09:08

Dead in the water comes to mind. The farmers who own the land are against this project and IRON cannot transfer their mining rights to anyone else, they cannot and haven't got anything to sell.

[tommygriff] 30/4/2024 11:40

Wardles involved day to day now but get the feeling there is a fundamental problem with the project. All funders who have shown an interest can't get past DD stage

[moneylender] 30/4/2024 11:11

Morning all. i havent been folowing this at all, big mistake! Is this now a basket case or is there a light at the end of the very long tunnel!

M

[malcolmmm] 29/4/2024 08:17

South Africa is a corrupt country, best to avoid

[ladeside] 28/4/2024 10:03

There is one thing, at least we don't need to worry about the existing share options and warrants....

[ladeside] 28/4/2024 10:01

Yes, I got that Al but the point I was making is that if we were unable to raise more than £500k then it would be unlikely that JW would demand his £125k back plus interest when that could effectively scupper both us and himself.

Ultimately nobody knows what's going on behind the scenes, those of us who still hold are just hoping that JW can get something pushed through and I think we all know it's unlikely to be great for long term holders, however given the position that we're in now, then even getting back to a 0.2 - 0.3 level would seem like a huge victory !!

[al101uk] 26/4/2024 15:51

Ladeside,

"The RNS stated that "expected completion H1", this being the case then £500k would be more than enough to see us through (especially with the additional £125k of Wardle)."

The terms of the JW's loan are:

Repayment of any funds drawn down plus interest immediately upon receipt of funds drawn down from any replacement institutional debt facility or conversion at the issue price in the event of any future equity placing during the loan term

The amount outstanding from JW is £500K plus interest, I don't see how the terms of that loan can be adhered too without a good chunk more than £500K being raised in the initial placing.

[ladeside] 26/4/2024 13:07

Nah, the 1.15 at Sandown for me.....

[malcolmmm] 26/4/2024 08:31

Try Sharepad and make some money

[purchaseatthetop] 24/4/2024 21:59

This was dead from the moment they lied about Grosvenor. That was clear.

[broncowarrior] 24/4/2024 21:54

What is the point of this? The lack of transparency about what is going on is ridiculous.

[ladeside] 24/4/2024 16:22

The RNS stated that "expected completion H1", this being the case then £500k would be more than enough to see us through (especially with the additional £125k of Wardle).

While grim, one would hope that TPI and BOD could manage to get a £500k placing away at even so low as 0.05 which would of course take us up to 5 Billion shares in issue which while far from ideal would at least give us a chance if the main funding was to actually complete as planned (Yes, Yes, I know).

Personally I'll not be averaging down and I'll just wait and hope that something positive develops, if not then it's yet another painful AIM experience but as Jim Bowen used to say, "that's the gamble".....

[bigwavedave] 24/4/2024 13:54

Which begs the question: Why throw good money after bad?

[rec0very stock] 24/4/2024 10:38

Tiny bit of life support funding from JW is no where near enough to keep overdue creditors happy. I take this as a bad sign that TPI have been unable to get a significant placing away at any price.

[ladeside] 11/4/2024 12:34

There seems to be some strange stuff going on as regards SP, as it appears to be held at 0.10 irrespective of the amount of selling (and there's been a lot).

I'm wondering if some sort of funding deal is being done behind the scenes with 0.10 as the strike price ?

Maybe just wishful thinking on my part, however they've had lots of opportunities to take it down to 0.9 / 0.8 etc and I don't think anyone would have any complaints if they did ?

As I say, it does seem strange to me.

[ladeside] 05/4/2024 14:16

Yes, once again I'd agree with that and I've always been a sucker for all or nothing but at this point I'm 100% prepared for total wipe out and have in fact factored it in already.

As regards averaging down again, I'm undoubtedly daft but I'm not completely stupid....