Ironveld Share Discussion Threads

[orange1] 30/3/2020 16:07

Well that doesn't say much. And he is linked to this iig: https://www.linkedin.com/company/interior-image-group/ which is a completely different company.

[kennylogsin] 30/3/2020 15:39

hxxps://za.linkedin.com/in/monwabisi-twantwa-b798a026

[euclid5] 30/3/2020 12:30

I couldn't find anything either - you may have a good point!

[willo] 30/3/2020 12:07

Hope this is not another Lekoil. Tried to google IIG and Monwabisi Twantwa. Only results I can find are linked to this announcement...

[euclid5] 30/3/2020 12:03

" addition, certain Ironveld Board Directors have agreed in principle, conditional on completion of the Fundraising, to capitalise substantially all of their historic deferred salaries and fees (totalling approximately £543,000) for 129,195,548 new ordinary shares in the capital of Ironveld (the "Salary Shares") at the same Issue Price of 0.42 pence" Https://www.investegate.co.uk/ironveld-plc--iron-/rns/strategic-partnership-and-conditional-fundraising/202003301000050163I/

[vatnabrekk] 30/3/2020 11:26

It's the strategic partnership and future potential that's exciting, not the size of these particular transactions.

[orange1] 30/3/2020 11:12

OMG! IRON are at a year's high (or no lower than the year's high) following this announcement: https://uk.advfn.com/stock-market/london/ironveld-IRON/share-news/Ironveld-PLC-Strategic-Partnership-and-Conditional/82110633 Existing shareholders getting substantially diluted but good to see South African investors getting heavily involved. Mcebisi Jonas is the former Deputy Finance Minister: https://en.wikipedia.org/wiki/Mcebisi_Jonas

[quidnunc] 30/3/2020 11:09

Well News but hardly pulse raising. The sums involved are more corner shop than corporation. Q

[tommygriff] 30/3/2020 10:39

Nice news today!

[ladeside] 09/3/2020 10:41

Maybe GC & JW didn't do us such a bad turn after all.....

[utsushi] 24/2/2020 13:44

There are some logistical similarities between Bushveld Minerals, its recent Vanchem business acquisition and greenfield Mokopane development site on the Northern Limb compared to Ironveld. Ironveld's project is located close to Mokopane,on the Northern Limb and Bushveld's Vanchem processing plant is located adjacent to Witan which is very close to Middleburg, the location of the 7.5 MW Smelting Plant and Associated Infastructure, both projects are separated by about 200kl of road. Operational costs like transportation, power, and water supply could be similar as well as access to a skilled labour force. Briefly, the Bushveld Minerals /Mokopane integrated metrics: Initial Capital Costs $298m NPV 9% Real $418m IRR 25% Ironveld would be mining different commodities, on a smaller scale, with much lower start up costs to acquire smelter ($7m?), refurbish, short commissioning time to become cash flow positive. Most asset financing deals would be interesting on a IRR of 15% or better.

[tommygriff] 23/2/2020 08:39

https://www.icis.com/explore/resources/news/2020/02/14/10471917/interview-the-tide-is-turning-for-global-tio2-outlook-chemours-ceo

[bigwavedave] 20/2/2020 19:24

Ladeside - that's what I was thinking...

[underhill2] 20/2/2020 13:20

We have waited 7 years so far so I remain cautious !

[underhill2] 20/2/2020 13:19

Wait and see

[ladeside] 20/2/2020 13:18

The appointment of Eales surely tips the balance heavily in favour of a financing deal being done, otherwise why would the company approach him and why would he take the job ??

[underhill2] 20/2/2020 12:35

Only time will tell but we have heard all this talk before whoever is the CEO. There is no doubt one way or another the future of Ironveld will be decided.

[vatnabrekk] 20/2/2020 12:10

I feel a bit more hopeful about the financing now with Martin Eales than I did previously with Cox.

[underhill2] 20/2/2020 11:49

Could not agree more. No progress has been made in all these years.The financing will be sorted soon or bankruptcy awaits. At present I would put the odds at 50/50. Im a holder here but not at all confident of a positive outcome. Its just taking too long for the financing to be agreed

[al101uk] 20/2/2020 11:32

Small world, not called in here for a while, but found myself following up on a tip on Sylvania Platinum yesterday and this morning I thought, "that name rings a bell". I realise now that they are the company that sold the concessions Ironveld bought on incorporation. 2012 was the year Mercury Recycling bought the assets for £13.7 million and changed it's name to Ironveld. we were going to get two huge smelters onsite back then and it would all be done in 2 to 3 years. I see Ironveld is the same as it ever was, half a step from fortune, half a step from bankruptcy and a market cap less than half the price paid for the assets. Still a flip of a coin.

[bigwavedave] 19/2/2020 16:14

Vatnabrekk - thanks for the info. I need reminders these days!

[tommygriff] 19/2/2020 12:38

I thought the main use was car gear boxes and with the introduction of electric cars the demand would decline?