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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ironveld Plc | IRON | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.0385 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0385 | 0.0385 | 0.0385 | 0.0385 | 0.0385 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 16/12/2024 10:58 by ladeside The two main issues that need to be overcome if we are EVER to become profitable are the question of the power generation and the Iron powder conversion equipment.Until these questions are answered then it seems pretty pointless even trying to continue / restart production, as we've already been told that the project simply can't make any profit as it currently stands, hence the reason it was mothballed in the first place. |
Posted at 10/11/2024 15:58 by bigwavedave Hi Q,Good to see you again.Apologies for the tardy response but I only occasionally look in these days. I dumped my shares a while back, fully expecting IRON to go down the toilet for good. Credit to JW for keeping it going but he'll have to perform some real magic now. Always possible, I suppose.I hope all is well with you.D |
Posted at 02/11/2024 17:11 by quidnunc Hi BWD,I'm glad you're still about. The long and lingering death of Iron continues to fascinate me but no longer inspires! There seemed so much promise a few years back but nothing material has ever come to pass. Each leak requires an even bigger pinch of salt to go with it to the point where there's more salt than substance The only reason I hold is because my holding is so close to valueless as makes little difference. Anyway it's good to see a few familiar names still orbiting the plughole!Best regards W |
Posted at 30/8/2024 11:15 by bigwavedave Hi Q.I've still got one!Not sure about IRON. Maybe Doctor Wardle can do something...Hope all's well with you.D |
Posted at 01/7/2024 10:18 by rec0very stock Al, about £660k of current liabilities are the smelter - the bulk of non current liabilities are the smelter.Solvency is about being able to pay all bills when due. IRON can't, we only have figures from 6 months ago, but in all likelihood there are over £4m of outstanding due bills and nothing to pay them with - you can't pay with intangible assets, which is what most of NAV is made up of. The point about MCap is the way companies that run out of cash pay their bills is by issuing shares either directly or in placings. When the bills you have to pay are double your MCap, that cannot be considered as a realistic option. My point is that IRON has been in this situation for a long time. They had a termsheet, which had it turned into a loan in the timeframes anticipated and for the amount anticipated, that would have made them solvent again. The fact is it has not and it won't. How much longer should the company be allowed to continue breaking the law by trading whilst insolvent? |
Posted at 03/6/2024 09:02 by rec0very stock The chaos likely to ensue from the South African election result makes a loan for IRON even less likely than it previously might have been in my view.With so many overdue creditors that IRON has no way of paying it is trading whilst insolvent. The dam is likely to break in the next month. |
Posted at 04/4/2024 16:40 by ladeside Rec0very Stock - 07 Jun 2013 - 20:17:40 - 404 of 8216 Ironveld plc - IRONNice steady progress. There are some profit takers as one would expect, but I expect the rise to continue for a while yet, particularly if they get some more press attention over the weekend. We are in completely uncharted territory, there will be down days as well as up days, but I am expecting this to settle around the 18p mark in the short term. Rec0very Stock - 05 Jun 2013 - 19:45:44 - 397 of 8216 Ironveld plc - IRON Well worth waiting for. I make that an NPV10 of around £2.50 per share with upside to come from the Titanium. It is still early days and there is $1Bn of capital to raise, but not all at once and the 12 MW smelter will generate some of it. But even applying a risk factor of 90% the share price should be around 25p. The rocket launch has only just begun, strap in and enjoy the ride. Rec0very Stock - 24 May 2013 - 18:06:50 - 390 of 8216 Ironveld plc - IRON I do not believe 6 weeks is a hard rule, but there does need to be a respectable period. Broke through the placing price today but dropped back at the close. I think their could well be an opportunity to get in below 6p but I would not bank on getting in much lower than that. Rec0very Stock - 23 May 2013 - 18:29:33 - 387 of 8216 Ironveld plc - IRON The PFS was due "early in the new year" it has been due out "shortly" a few times since and most recently it is due out in Q2. If it was not for the great track record of the management in delivering what counts, I would have taken my money and run. The recent director buying may well be an indication that it still has a little while before it comes out as there could be accusations about insider trading if it followed hot on the heels of a PDMR buy. Ultimately is does not matter when it comes as long as it is as good as we have been led to believe when it does come - NPV between 80p - £1 a share. This does not mean the shares instantly become worth that, just what they could be worth if everything goes to plan. Some adjustment needs to be made based on the risks of things not going to plan. In the meantime the resistance from the Placing price is holding Rec0very Stock - 22 May 2013 - 19:33:09 - 380 of 8216 Ironveld plc - IRON Hit a bit of resistance today at the placing price. If it breaks through tomorrow there is no knowing where it will stop. If not it may pull back below 6p, but that will probably be the last chance to get in before the PFS comes out. Rec0very Stock - 21 May 2013 - 19:05:19 - 378 of 8216 Ironveld plc - IRON I did say you might not get much of a pull back. I think, when the PFS does come out, provided it confirms the Shore Capital NPV figures, we could see 12 - 18p fairly rapidly. |
Posted at 03/4/2024 20:29 by ladeside A definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high-grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. The shallow mineralised resource of 56.4 million tonnes of ore grading 1.12% V205 is approximately twice the grade of other Vanadium resources that are currently being mined and processed within the Bushveld Complex. Ironveld plc is an exploration and development company incorporated in England and Wales and listed on the AIM of the London Stock Exchange. |
Posted at 07/2/2024 17:23 by ladeside funding for DMS beneficiation plant6th February 2024 By: Tasneem Bulbulia Senior Contributing Editor Online JSE-listed Sable Exploration and Mining subsidiary Sable Platinum Holdings (SPH) and IPace on February 2 entered into a term sheet for additional funding of R1-million payable by SPH for a dense medium separation (DMS) beneficiation plant. This follows SPH’s announcement in September that it had entered into an agreement with IPace for the establishment of an unincorporated joint venture (UJV) to conduct the business of commissioning, operating and maintaining a DMS beneficiation plant and to sell the product. This additional funding will be added to the R15-million paid by SPH in terms of the main agreement. For providing the additional funding, IPace has agreed to transfer 2.5% of the UJV to SPH. SPH has granted IPace an option to buy back the 2.5% shares in the UJV at R1.3-million. The option will expire on October 31. IPace has committed to fund the balance of the operational and capital costs to complete the DMS beneficiation plant and to begin production on March 15. In September last year, Mining Weekly reported that ground works and civil works were said to be progressing well for the installation of a DMS magnetite plant in South Africa’s Bushveld Complex. IPace is a JV that Ironveld Mining owns equally with Pace SA. Ironveld, which holds mining rights over 28 km of outcropping Bushveld magnetite with a compliant ore resource of 56-million tons of ore, last year agreed to acquire and refurbish a Rustenburg smelter to process its magnetite ore into high-purity iron, titanium slag and vanadium slag. Ironveld and Pace SA agreed funding and operational structure amendments to the DMS magnetite operation with a subsidiary of Sable Exploration and Mining. |
Posted at 11/4/2023 08:29 by ladeside JOHANNESBURG, South Africa, April 10, 2023 (GLOBE NEWSWIRE) -- Enernet Global ("Enernet") remains on-track to deliver a full-hybrid system for the Ironveld Smelting ("Ironveld") Rustenburg smelter complex in South Africa, having already provided start-up generation required.Following the successful implementation of a 1MW temporary power plant commissioned in late 2022, Enernet has deployed the first of four stages of power upgrades for the Ironveld. The first stage involves a 4MW power plant that enabled ‘Hot Commissioning’ of the first of three planned operating furnaces. This process included smelting of test quantities of magnetite ore in order to produce HPI and titanium slag. Working in a close partnership with Ironveld and their sub-contractors, Enernet managed the rapid delivery of the first stage power with no safety or environmental incidents. Despite the inherent challenges of labour and equipment shortages due to countrywide stage four load shedding, the project was completed in less than 10 days. Delivering the fast-tracked power involved road freight conveys from Johannesburg, a 90-tonne crane and a site crew of up to 20 working around the clock to deliver the much needed power in a record time. Enernet's Vice President Engineering, Dusan Nikolic led the onsite pre-delivery electrical safety tests and inspections. "The delivery of stage one power was a combined effort between Ironveld and Enernet, the quality and speed at which the work was completed is a testament to how well the two companies worked together as a team." Enernet are now progressing multiple work packages in preparation for the future stages of power upgrades which will boost the on-site power capacity for the operation of three of the furnaces). These upgrades will enable the smelter complex to process approximately 40,000 tonnes of Ironveld's magnetite ore per annum which, in turn, will provide 20,000 tonnes of high purity iron, 190 tonnes of vanadium in slag; and 3,800 tonnes of titanium in slag. Ironveld Smelting's CEO, Thamaga Mphahlele, commented "Our partnership with Enernet is working extremely well and is provides us with the confidence we need execute our expansion plans over the coming months." Imminently, work will begin on the design and construction of both rooftop and ground mounted solar power systems with a combined capacity of 6MW, for which Enernet's power engineers are working with South African-based contractors. The final stage of power implementation will comprise a hybrid of energy technologies including solar power, a battery energy storage and clean burn, liquefied natural gas generators. The solar system, battery storage and LNG generators will be fully-funded by Enernet and once operational, power will be purchased by Ironveld under a 20-year energy services agreement. "The team at Ironveld have a 'can do' mindset which aligns with our business culture and has been key to completing the project milestones safely and on time," Enernet's Business Development Manager, Martin Smith concluded. |
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