Ironveld Share Discussion Threads

[ladeside] 02/10/2019 14:48

Who knows ?

That's why it's gambling Ace.

[aceuk] 02/10/2019 14:17

I like this being able to buy millions for not a lot …. but should I wait a little longer to buy even more millions for even less lot?

[ladeside] 02/10/2019 14:00

Underhill, the same could be said for Amer as it's currently trading UNDER the offer price, however many are still expecting 30p + over there.

As we know from experience GC has always kept his cards close to his chest and second guessing the lack of news or price action means very little imho.......

[donaferentes] 01/10/2019 15:31

GC's CV does illustrate what a serially successful entrepreneur he has been in the broadly retail or B2C sector, pretty much flipping one business after another all of which he has dominantly controlled. However mining and oil in which he is a minority (albeit significant via Minochio or whatever it is) are a very different kettle of fish and probably require a very different, more patient mind set.

[johncasey] 30/9/2019 22:56

demand for vanadium rising

hxxps://www.prnewswire.com/news-releases/growing-high-strength-steel-sector-set-to-surge-vanadium-demand-upward-300853692.html

[underhill2] 30/9/2019 22:49

Thanks for the CV of Giles Clarke !, but this has nothing to do with what may happen at Ironveld. A multibagger it will not be. In my opinion an acceptable firm offer should have been made by now.The Market currently is saying no offer will be made. I certainly will be suprised should an offer be made that it will be anything more than 1--1.5p per share. Even at 1p I would be happy to accept and move on

[johncasey] 30/9/2019 22:22

well giles clarke's record isnt bad..plenty of successes

Early life and education[edit]
Born in Bristol, Clarke was educated at Rugby School. He then studied at Oriel College, Oxford where he graduated with an MA in Persian with Arabic; reportedly he paid his way by gambling.[2] He then spent a year at the University of Damascus Arabic language school.[3]

Business career[edit]
Clarke began his career as an investment banker with Credit Suisse First Boston. In 1981 he bought from receivership the assets of what was to become Majestic Wine,[4] where, as chairman, he built it into a UK national chain. From August 1987 to May 1988, Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona.[5] Following disposal of the US based businesses, he sold the UK plc business of Majestic Wines for £15 million in 1989.

In 1990, Clarke founded Pet City, where, as CEO, he built it into a chain of 94 stores (also dressing up at Xmas in the Swindon Store). After making the business public in 1995, he sold the business for £150 million in 1996 to US based PetsMart.[6] In 1998, Clarke founded Safestore, building it into the UK's third largest self storage company, selling it to Bridgepoint Capital for £44million in August 2003.[7] In 1999 Mr Clarke became CEO of Stepstone,[8] an online career portal. Since he came on board, the company has raised NKr1.8bn ($197m) from the IPO in 2000 and grew from four countries and 200 employees to a staff of 1,385 in 18 countries.

Clarke is currently Chairman and controlling shareholder, via his company Westleigh Investments, of:

ATL Telecom – Cardiff based data transmission design equipment company, which manufactures in China[9][10]
Fosters Event Catering – a West Country-based independent caterer[11]
CCI International – the UK's largest clay pigeon equipment manufacturer[12]
West Country Business Systems – develops software systems for managing independent schools.
Boston Tea Party – a West Country-based chain of coffee shops
Clarke is the non-executive deputy chairman of Pure Wafer plc – presently the only European based silicon chip test wafer reclaim company[13]
Clarke is also Chairman of oil and gas explorer Amerisur Resources PLC (formerly known as Chaco Resources,[14] )

[the stinger] 30/9/2019 21:33

12m volume, with a third probs with the same Pi's selling and buying back in. Let's say a 10m volume though (which is absolutely nothing to the shares in issue). Classic example of a corrupt broken market pricing Iron at -15% on what I see as kind of positive news!. However, we can only wait and see if the BOD are telling the truth here.

[block4gooner] 30/9/2019 16:25

JCHope you're right. Had a tickle this morn at .599 3rd trade of the day, so not huge.Would love a 6 bag tbh but happy to wait for a while

[underhill2] 30/9/2019 14:25

Good luck to you !. We can all live in hope. I hope you are right

[johncasey] 30/9/2019 14:20

WELL i trebled my holding at 0.5p..several bidders cant all be wrong..i'd be happy with £20m take out.. 6 bagger

[underhill2] 30/9/2019 12:59

In my opinion this share is now a speculative gamble. As they say you have to speculate to accumulate. I have taken the gamble but I have also prepared for the worst outcome. Never speculate with monies you cant afford to lose. On the LSE board a price of 1-1.5p may be all that can be expected. Even at the current price I wont be adding as this sh re is mow a pure gamble.

[noveckingood] 30/9/2019 12:51

Multibag is looking good for today, good tip there John.

Anything else we should be buying ??

[underhill2] 30/9/2019 10:09

So would I

[the deacon] 30/9/2019 09:47

Nobody seemed to want any offtake agreements. How much is a company worth, when you can't sell what is intended to be produced? I'd be sceptical of a sale price here.

[underhill2] 30/9/2019 09:35

Its going to costs millions of pounds to get the project off the ground before any drilling can commence. Yes the assets are in the ground but it will need a cash rich mining company to develop the assets. My average is 1.5p so I would be happy to break even and move on.

[vatnabrekk] 30/9/2019 09:13

At the current share price the market cap is only £4M. Surely the company must be worth a lot more than that? My average cost is about 2.6p, sadly!

[underhill2] 30/9/2019 08:43

Not going to multibag today. I wish it would but it looks like quite a bit of selling now probaly because this looks like being a long process and may not be concluded until end of January. The day traders and short term traders wont want to wait 4 months for the outcome. Im going for an offer of between 1 and 2p. Anything above this will be a bonus.

[johncasey] 30/9/2019 07:28

plus they have enough caSH until january 2020

Ironveld PLC Update on Strategic Review

30/09/2019 7:02am
UK Regulatory (RNS & others)

Ironveld (LSE:IRON)
Intraday Stock Chart
Today : Monday 30 September 2019

Click Here for more Ironveld Charts.
TIDMIRON

RNS Number : 0485O

Ironveld PLC

30 September 2019

IRONVELD PLC

("Ironveld" or the "Company")

Update on Strategic Review and Cash Position

Appointment of Nominated Adviser

Ironveld plc is pleased to announce that it has engaged positively with several parties interested in potentially making an offer to purchase all or part of the Company's assets. The parties with whom Ironveld has entered into confidentiality agreements have held discussions with management and conducted visits to the Company's site. Ironveld expects to advance these discussions in the coming weeks.

In the meantime, the Company has moved to rationalise its cost base in both South Africa and the UK and, further to the announcement of 19 February 2019, now has sufficient cash resources to enable it to operate until the end of January 2020, by which time it hopes to have concluded the strategic review.

The Company is also pleased to announce that it has appointed finnCap Ltd as it Nominated Adviser. finnCap continues to act also as Ironveld's financial adviser in respect of the strategic review.

[johncasey] 30/9/2019 07:26

good RNS this morning...looks like sale is imminent..several interested parties..could multibag today

[the stinger] 25/9/2019 18:32

Seems not to have changed much

AIM Securities Information as at 28 December 2018
Number of shares in issue
592,133,698 Ordinary Shares
Number of shares held by the
Company in treasury
None
Significant Shareholders
Holder Name Position %
Tracarta Limited 68,680,767 11.6%
Michinoko Ltd 54,592,653 9.22%
Africa Asia Capital Limited 39,746,892 6.71%
SVS Securities (London) 39,702,908 6.71%
Hargreaves Lansdown Asset Mgt 35,879,247 6.06%
Mr Brendan Kerr 35,000,000 5.91%
Barclays Wealth (London) 26,959,060 4.55%
Interactive Investor Sharedealing 24,871,387 4.20%
Halifax Share Dealing 18,954,678 3.20%
Smith & Williamson Investment Mgt (London) 18,937,579 3.20%
Shore Capital Stockbrokers 18,098,551 3.06%

Total 381,423,722 64.41%
Shares Not In Public Hands
The number of shares defined
under AIM Rule 26 as being
issued but 'Not In Public
Hands' is 168,599,951 which
represents 28.47% of the

[underhill2] 25/9/2019 12:00

Giles Clarke and his merry men specialise in taking salaries and giving options to themselves in companies that promise much but deliver little.

[al101uk] 25/9/2019 11:55

"No hope" doesn't mean you don't continue to sit on the board and take your salary for doing virtually nothing.

There are NEDs and CEOs all over AIM in "no hope" businesses.

[greenelf] 25/9/2019 11:20

Because there is no hope? Seems fairly obvious.

[al101uk] 25/9/2019 10:27

To be fair this is a hugely illiquid stock and I remember in better days struggling to get out of a £5K position without them dropping the offer on me.

I guess the situation is even more extreme now and as a result share price movements probably have less meaning.

It's the resignations that get me, I don't understand why a NED would resign just before a deal is announced.

On the other hand I don't know of a reason for a NED rat to desert a sinking ship?