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IRON Ironveld Plc

0.135
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ironveld Plc LSE:IRON London Ordinary Share GB0030426455 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.135 0.13 0.14 0.135 0.135 0.14 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 103k -435k -0.0001 -13.00 5.12M
Ironveld Plc is listed in the Scrap & Waste Materials-whsl sector of the London Stock Exchange with ticker IRON. The last closing price for Ironveld was 0.14p. Over the last year, Ironveld shares have traded in a share price range of 0.125p to 0.39p.

Ironveld currently has 3,934,996,887 shares in issue. The market capitalisation of Ironveld is £5.12 million. Ironveld has a price to earnings ratio (PE ratio) of -13.00.

Ironveld Share Discussion Threads

Showing 8726 to 8745 of 8750 messages
Chat Pages: 350  349  348  347  346  345  344  343  342  341  340  339  Older
DateSubjectAuthorDiscuss
24/2/2024
21:27
Thanks for the links - I'm still blocked on X ;-)
aceuk
24/2/2024
21:08
Jennings reported recently. That he had lost all his money.

See most recent accounts.

purchaseatthetop
24/2/2024
20:56
FWIW, Jennings said this (yesterday):
"Ref Ironveld.Fantastic news this morn on both fronts.
Departure of M Eales is unequivocal good news - his tenure (as with Rainbow Rare Earths) has destroyed monumental value (in unison with Giles Clarke who does sadly still hang on in there).
The funding term sheet looks to be last step to finally extracting the potentially gargantuan value out of the company's resources in Limpopo. Hopefully this is the turning point & continued packaging up for sale at £50-60m in 18 months time (10 times current value).
What people forget on Ironveld #IRON is that Eales had no skin in the game frankly - de minimis shareholding and was prepared to dilute with abandon. John Wardle DOES have serious skin in the game with over half a billion shares & we calculate an average of around 0.50 - 0.60p
- What this means is he has a vested interest to preserve/rescue equity as opposed to his job. The news this morning cannot be more important to us as 2nd largest shldr. We just hope he sees further clarity and shorns the Co of the Clarke legacy too and soon. Just a crying shame the City enabled the decimation of value last 19 months when we tried to oust him and Eales. We suspect the value decimation would not have been anywhere near this magnitude.

bigwavedave
24/2/2024
16:09
Why would anybody take any notice of any funding RNS after the Grosvenor shambles that, in my view, should make RNS trustworthiness quite clear.
purchaseatthetop
24/2/2024
12:56
Unless I'm completely stupid Mr Jennings is still around these boards, who else could be bothered to mark down posts by a non-entity about a non-entity ;-)
aceuk
24/2/2024
12:34
The nice thing about this is that we have a comparitor, RJ won in the battle for Kazera. Things don't seem any better over there. Despite lots of promises and things seemingly being sorted for them the price recently fell by 20% and it's lost about 50% since new management took over.

In the last results there was a sudden leap in admin costs, which look like they are the result of a large management fee taken through one of the companies subsiduaries with no notes to clarify what that was for.

They have burned through the cash from what looks like an abandoned attempt at buying and developing the Tantalum mine by the Chinese and it looks like a placing is imminent. Meanwhile Giles Clarke still holds 4% of the shares while RJ holds none and extracted himself with a tidy profit and a large premium to what regular investors could ever achieve.

RJ claimed a big future for Kazera and put a price trarget on it of 4.5p, yet he sold at a fraction of that "target" well before there was any real progress.

In my opinion you can pick your poison, RJ the shyster or GC the incompetent, regular shareholders end up at the same place.

al101uk
23/2/2024
19:42
Probably Mr Jennings that marked my post down - it was factual!

Perhaps Mr Jennings has talked to Mr Wardle since, at that time he screwed us all through his vast experience and knowledge.

aceuk
23/2/2024
16:00
4 weeks from the signing of a term sheet to receiving the funding appears to be typical (assuming due diligence is passed).

In the meantime I'll be scouring the SA media to see if I can find anything !!!

Where's ML's tea lady when you need her.....

ladeside
23/2/2024
15:23
I'd agree with that Al, ultimately we're in the last chance saloon and share price / company was going nowhere, so personally I feel MUCH better that JW is now the main man at the helm especially as he's got lots of skin in the game and undoubtedly knows what he's doing (well we hope he does !!).

Interesting that RJ has also substantially increased his holding and given what's happened in the past, You'd assume he's now much happier with the direction that JW appears to be taking us.

A funding deal would result in a major change of sentiment so very much all still to play for should this deal conclude as planned / hoped....

ladeside
23/2/2024
13:41
"Asset level financing"

"Asset financing refers to the use of a company’s balance sheet assets, including short-term investments, inventory and accounts receivable, to borrow money or get a loan. The company borrowing the funds must provide the lender with a security interest in the assets."

Postitives: Should get closer to fair value on an asset basis than you would on a share basis. I'm assuming, as everyone else is, that the assets are worth far more than the current market cap. On a balance sheet basis, they certainly are, that will be tested with this funding.

Negatives: With the smelter already securing debt, we're talking about Ironveld acerage being used to secure the new funding. Ironveld will have cash, but will be far from debt free.

Given they have a term sheet and there is just due dilligence still to do before reaching a binding agreement I'd be very worried if it fell through at this point.

Good to see John Wardle making meaningful changes, recognising and punishing previous mistakes. The disdain in the lack of fanfare on Martin Eales departure is almost palpable.

Given the situation, I think it's a good RNS, sh*tty situation, but JW showing his colours.

Slight concern in that last line:

"...the Board is assessing the Company's funding requirements until a transaction can be completed."

Indicative of having some time left yet and hopefully one more interim funding to go.

al101uk
23/2/2024
11:12
Wardle strengthens his grip



Being a geologist he should know what he's doing?

aceuk
23/2/2024
10:07
There's your TR1, Ladeside.
Martin Eales out and no words of thanks from Wardle.
Yes, pathetic mkt cap but some hope now on funding. Can JW get this back on track?

bigwavedave
22/2/2024
14:23
100 Million just gone through so looks like we'll be seeing a TR1 shortly.

looks like sells but someone obviously taking them at the other side, irrespective I'm sure we'll hear something shortly as the DMS plant is due to commence production on March 15th.

MCAP now a pathetic £4.9 Million......

ladeside
08/2/2024
23:49
Ace,

Never too late to learn :-)

al101uk
08/2/2024
20:07
al101 I'd guess you have a much better grasp than most of books, etc. and therefor don't need a nihilistic excuse ;-)
aceuk
08/2/2024
17:25
This is true for most nowadays and has obviously been the case here, however if a company is putting out bullish news and everything seems stable with tangible good news expected, then one could easily believe that the share price should have a static to small bandwidth and that on the dropping of the expected "blockbuster RNS" that said company could re-rate / gap right up ??

I get what you're saying though and if there's no dividends in play and an extremely dismal market, then I can see why people choose not to invest / hold funds in AIM stock nowadays.

Being honest, I personally don't have the discipline or access to large lump sums so adding here and there and building up my portfolio is a much better way for me to operate, otherwise it could easily end up on the 2.30 at Kempton or on a Treble on the TV matches at night, that said, maybe that would have worked out better....

ladeside
08/2/2024
16:49
I was trying to point out that reverting to the mean for a share price doesn't mean you don't lose money.

I think the key thing I learned from Amerisur and others all those years ago was that I don't miss out on a great deal by not holding during uncertain times. I can buy or sell within a few minutes, with a few swipes of my phone. I might lose a percentage of the gains in the meantime, but I more than make up for that, especially on AIM, by avoiding companies where the uncertainties turn to large losses.

In Ironvelds case, what is likely to happen in the next day/week that could cause a large and sustained rise in the share price? If the answer is nothing or something that looks unlikely, then I can wait and it's a two minute process if I'm wrong.

Luck is needed in investing, but you can stack the cards in your favour before making the bet. That's what a strategy is for.

I don't subscribe to nihilism in investing.

al101uk
08/2/2024
15:31
Yes, there's no doubt it has been abject failure after abject failure, let's just hope that TDH is right and JW can now turn this around from this hellishly low price.

I think we can all agree that everything now depends on this funding deal and of course the hope that if it does appear that the terms are not completely destructive to the existing shareholders.

If it does come off then there's no reason why we can't get to a mcap of £30 Million+ but of course who knows how much debt we'll have or how many shares are in issue by that point ??

Personally I'm pretty scunnered but also staying put for better or for worse...

ladeside
08/2/2024
15:03
To put that in to context, shareholders when Ironveld first hit the market had a share of £16.8 million of market cap.

If those shareholders held on until now those same shares as a group are worth £363K.

al101uk
08/2/2024
15:01
Still tracking this :-/

16/08/12 - £3 million Initial Placing

203 million shares for Acquisition of Northern Limb of the Bushveld Complex, equivilent of £13.7 million @ placing price of 6.75p.

Ironveld lists on AIM with about 250 million shares in issue.

The Market Cap at this point is around the £16.8 million.

20/09/13 - £1.575 million - Disposal of legacy Company
03/12/14 - Placing £750K
18/06/15 - Placing £1.5 million
26/10/16 - Placing £1.8 million
21/06/17 - Placing £2.1 million
27/11/17 - Placing £1.765 million
19/11/18 - PLacing £0.4 million
19/02/19 - Placing £1 million
26/11/20 - Placing £1 million
18/2/22 - Placing £0.13 million
13/7/22 - Placing £4 million
23/2/23 - Placing £2 million
26/10/23 - Placing £1 million

Capital Injected: £35.7 million

Market Cap: £5.71 million
Book Value: £22.16 million

Shares in Issue:3.93 billion
Warrants in Issue: 470 million

al101uk
Chat Pages: 350  349  348  347  346  345  344  343  342  341  340  339  Older

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