Ironveld Share Discussion Threads

[ladeside] 08/2/2023 10:02

Lucifer is coming for YOU !!!

Old Nick and I are on very good terms and you will be DESTROYED !!!!!

DO NOT PLAY WITH FIRE AS YOU WILL BE BURNT AND OUR FORCES OF EVIL WILL RAVAGE YOU AND YOUR COMMUNITY AND CURSE YOU FOR ALL ETERNITY IF WE ARE CROSSED.

I SENTENCE YOU TO DAMNATION FOR ALL ETERNITY FOR YOUR INTERFERENCE IN MY MATTERS.

[ladeside] 07/2/2023 20:12

No, I don't think GC is stupid enough to try something like that again, we're now at the final stages so if we don't get some sort of funding arranged in next few weeks then it will no doubt be the discounted placing route.

As I've said before, I'm playing the long game here, so as long as we hit the 1p area at some stage in the next couple of years then that's fine for me, it may happen in a matter of weeks or it could be months or maybe over a year, but assuming that everything remains on target and we get the required £2 Million cash injection for HPI powder, then I'm really not too worried as firmly believe that the major risk is now mostly behind us.

[aceuk] 07/2/2023 20:08

Jennings is a fool, he proved that beyond doubt last autumn - if you're going to take on experience make sure you've done your homework.

Speaking of homework, am a little surprised at the complete disappearance of Rec.

[purchaseatthetop] 07/2/2023 18:36

Ladeside.one way or the other. Hopefully not the Grosvenor way.

[ladeside] 07/2/2023 18:33

Jennings brought that on himself so certainly no sympathy here, especially when he was the driving force behind our major drop.

Hopefully the funding question will be answered soon, one way or another.

[purchaseatthetop] 07/2/2023 16:24

Perils of getting involved with IRON.
Richard Jennings on 22/11/22 stopped being a person with significant control at Align Research Ltd and was replaced by Align Research Holdings Ltd. This has Richard Gill as a Director snd minority shareholder. It had to issue aStatement of Solvency in Sept 22.

I guess all is not well with the Align Research balance sheet as they had secured creditors and their asset base got devastated.

[malcolmmm] 07/2/2023 16:17

Buy XLM IF you want to make money, you know it makes sense

[ladeside] 07/2/2023 15:19

I think we can all agree that we need additional funding if we want to start producing the high profit HPI powder.

Taking the RNS's and the research note then this would appear to be around the £2 Million mark.

If we also take the most recent data from the investment conference then we still have $1 Million in cash sitting for working capital purposes so basically it looks like we require an additional £2 Million to get the HPI powder off the ground.

I don't believe this will be a problem, however it all boils down to the method of the funding and / or the strike price for any placing / investment.

So long as we keep this at 0.25 or above, then the share price is likely to fly given that the last barrier of uncertainty will be removed.

I'm extremely Bullish on our chances at the moment (and I've not even mentioned the additional positives of the JV) but I suppose you already knew that......

[aceuk] 07/2/2023 14:15

Our local friend is even more unhappy

https://mobile.twitter.com/IronveldPLC/status/1622957537564971011

[al101uk] 07/2/2023 12:12

Malcolmmm,


Five years ago this was three pounds,great investment going nowhere.

Five years ago it was 2p, it touched 3p a while later, which I guess is what you meant, you were just picking the highest point for the last 5 years. Not sure that's a fair way to assess performance.

If it has such a great future why can't they raise the funds?

Not sure if you have forgotten the recent placing?

Why won't the bank's loan money?

Finance is already in place funding the smelter, so debt has been issued to Ironveld. GC doesn't generally like funding his companies with debt and prefers equity funding, which considering the stage of evolution, is the correct thing to do.

Why doesn't a big mining company take it on?

Because although Ironveld has good acerage for an £8 million market cap company, it's not worth the time/risk for a big mining company to buy and develop. Once it is in full production... maybe.

Why is the share price almost zero after 5 years?

Market cap is £8.5 million which reflects a number of historical issues that you are well aware of and the risks inherent in not being in poroduction and needing further funding to get to profitability.

[al101uk] 07/2/2023 12:09

12 Months:
To upgrade high purity iron product into higher value iron powders

That could be an issue if the working capital requirements that both RS and I calculated are correct. The new JV will hopefully help, would be nice to know the cashflow. Obviously 12 months means 6-12 months, the very lowest end of that was where I was predicting.

With this JV the numbers are once again a complete mystery.

[ladeside] 07/2/2023 12:01

Are you on drugs MALCOLMMM ?

The company has NEVER been £3 or anything like it, the "high" was around the 20's if I remember correctly but we only had a couple of hundred million shares in issue and were merely a start up !!

As for "never turns a profit", well of course they don't !! They're a bloody explorer who have just made the transformation to a producer, so NOW is the time when things begin to change.

Our CEO DOES invest as do all the board members and in fact one of our Directors is our largest shareholder through his Tracarta investment vehicle.

Our Board have also deferred and converted their salaries into shares at a much higher level than this so I'd say they're ALL supporting the company.

From your way of working, there would be no start ups and no juniors as the main players would just buy up every single project but of course in real life it doesn't work like that as they can't be bothered with the hassle, they let the small fry do all the donkey work and then they pay that little bit extra to purchase them once all the spadework has been done.

Remember, we have offtake agreements signed off with Glencore so if that's not a big player who's very interested, then I don't know what is.

Watch this space, but we'll be taken out for a large premium within the next 18 months, of that I have no doubt and 2p would be my conservative target price......

[malcolmmm] 07/2/2023 09:07

Main shareholders hold shares for private clients

[malcolmmm] 07/2/2023 09:04

Five years ago this was three pounds,great investment going nowhere . I have lived in SA and it's a risky place to invest especially mining.If it has such a great future why can't they raise the funds ,why doesn't the multi millionaire CEO invest.Why won't the bank's loan money,Why doesn't a big mining company take it on,why is the share price almost zero after 5 years. IMO this looks like an extremely dodgy company that has never turned a profit ever and imo never will

[ladeside] 06/2/2023 16:12

Ironveld mines and processes vanadiferous-titaniferous magnetite ore in South Africa into a suite of speciality metal products: high purity iron, vanadium slag and titanium slag. The Group has recently achieved maiden production and will ramp up to full capacity during 2023.

Cash: GBP$1M (Current cash position)

Debt: GBP$5M (DPA repayable over 10 years)

Major shareholders:

Jarvis IM – 11.6%
Cantor Fitzgerald – 5.7%
Hargreaves Lansdown – 5.1%
Interactive Investor – 3.4%
Management Ownership – 14%

[ladeside] 06/2/2023 16:03

What are the top 3 key investor takeaways?

Already in production – ramping up to full capacity in 2023
Sales contracts in place with blue chip customers
Near term product upgrade target to produce higher value iron powders

[ladeside] 06/2/2023 16:02

What do you think makes your company such a compelling investment?

The project has taken 10 years to reach first production and has been overlooked by the market for some time, with a market capitalisation totally out of kilter with the Company’s potential. The smelter acquisition has been a complete game changer.

[ladeside] 06/2/2023 16:02

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Completion of full refurbishment at smelter
General commodity prices
Completion of investment to move into high value iron powder production

[ladeside] 06/2/2023 16:00

What recent news would you like to highlight to investors attending?

Q3-4 2022 – Acquisition and refurbishment of wholly owned smelter
Q4 2022 – Commencement of mining
Q4 22 – Q1 2023 – Commencement of production and sales

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Completion of refurbishment work at the smelter and increasing ramp up of production

6 Months:
To reach full production capacity at the smelter

12 Months:
To upgrade high purity iron product into higher value iron powders

[ladeside] 06/2/2023 15:59

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[purchaseatthetop] 06/2/2023 15:46

Ladeside. The funding is the key.

I think the JV depends on IRON completing funding and getting certainty on the full facility being ready at an agreed time. They still need a lot of money for that.

[ladeside] 06/2/2023 15:43

hxxps://www.weare121.com/121mininginvestment-cape-town/ironveld/

[aceuk] 06/2/2023 15:37

https://mobile.twitter.com/IronveldPLC/status/1622613993331228678