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IRON Ironveld Plc

0.09
-0.0525 (-36.84%)
28 Mar 2024 - Closed
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
  -0.0525 -36.84% 0.09 0.08 0.10 0.1425 0.085 0.14 72,300,357 14:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Scrap & Waste Materials-whsl 103k -435k -0.0001 -9.00 3.54M
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 0.085p to 0.39p.

Ironveld currently has 3,934,996,887 shares in issue. The market capitalisation of Ironveld is £3.54 million. Ironveld has a price to earnings ratio (PE ratio) of -9.00.

Ironveld Share Discussion Threads

Showing 3501 to 3525 of 8750 messages
Chat Pages: Latest  146  145  144  143  142  141  140  139  138  137  136  135  Older
DateSubjectAuthorDiscuss
24/1/2020
15:36
I agree I would be happy to escape from this share north of 1p plus
clarea
24/1/2020
15:36
U2: RNS of 5/12/19 states funded until March only. (Could take that as 5 weeks today)
annie38
24/1/2020
15:03
Hope so. My only concern is why is this taking do long to agree. As with all Giles Clarke companies you just never know. Amerisur was sold at a 50% discount to its real value.
underhill2
24/1/2020
14:45
Fingers crossed it's with someone like Anglo American Underhill
clarea
24/1/2020
14:18
Recent RNS said enough cash until the end of March. Im expecting an agreed Joint Venture before that date
underhill2
24/1/2020
14:15
Price dropping placing on the way ? can't be more than a few weeks worth of cash left based on the previous going concern notes
clarea
23/1/2020
13:32
What were the terms of the LTIP :-o

To just keep breathing, probably.

al- I did have a quick look at the RNSs on the Ironveld website...but the link to stock exchange announcement for that date no longer works. It'll be somewhere...they just like to make it difficult.

bigwavedave
17/1/2020
16:24
Anything material would have needed to have been RNS'd, I'm assuming that the AGM was merely a formality for regulatory purposes.
ladeside
16/1/2020
21:31
was anything mentioned about the sell out, purchers , partners at the agm ??????
friars3
10/1/2020
16:16
Three different Ironveld forums!?!

"Ironveld plc announces that on 10 January 2020 the Company's Remuneration Committee granted options to Martin Eales, Chief Executive Officer, over 27,400,000 new ordinary shares of 1 pence each, representing 4.18 per cent of the current issued share capital of the Company, under the Long Term Incentive Plan approved at the General Meeting held on 15 August 2012."

What were the terms of the LTIP :-o

After the farce at AMER, what are the chances of a takeover coming in at 1.01p.

al101uk
10/1/2020
16:15
"Ironveld plc announces that on 10 January 2020 the Company's Remuneration Committee granted options to Martin Eales, Chief Executive Officer, over 27,400,000 new ordinary shares of 1 pence each, representing 4.18 per cent of the current issued share capital of the Company, under the Long Term Incentive Plan approved at the General Meeting held on 15 August 2012."

What were the terms of the LTIP :-o

al101uk
06/1/2020
11:18
My whole assumption of a JV is based solely upon the timing of the recruitment of Eales, as there can be no plausible reason for this appointment if the company was about to cease to exist. His background also tells you that he's here predominately as a deal maker and to organise the financing side of things which again can only be taken as a positive.

GC, NH & JW are all down a considerable sum at current levels, so lets hope that self preservation will see a positive outcome here........

ladeside
04/1/2020
23:08
Being an investor in AMER twice I beg to differ, it made me a decent amount twice. I sold a for a tidy profit about 5 years ago and bought back in as a bit of a gamble earlier this year near 12p. An offer came in for 17p, GC declines it and managed to get a fair few million quid more, allowing me to sell at 18.6p. Just because AMER was valued at a higher amount that doesn’t mean someone’s going to pay a higher amount. Current oil prices have had AMER on its knees for a number of years, no one in their right mind would buy them out at full value. I’ve even heard people saying on other boards that the company that bought them out valued them at double what they paid for it. This could be true, but unless there’s a bid at that value, it’s never actually worth that amount if it’s a company that’s losing money. Personally, I thought they were going to go bump until GC bought a small holding at the end of last year, which is what prompted me to buy back in as a director wouldn’t do that unless they were planning on selling for a higher amount. I’ll use Ironveld as a prime example, the current market cap means absolutely nothing in terms of a sale price. So, just because our MC is £5m or 0.75p per share, that has no bearing whatsoever on what a sale price will be. The current assets are worth 4p (Clarea, this is just the value of our assets divided by the number of shares is issue, 4p is assuming we get our deferred tax written off as we’re not producing any revenue). This will be heavily taken into account on any sale. Although, if a company is on its knees and has no other funding option, we could see a hostile bid of 1p or lower. Unfortunately, we don’t know what has been going on in the background here. Initially they were looking at obtaining funding to get us into production. If we have this option and indeed have “several interested parties” also, we won’t be sold for a sub-standard value, ie less than 4p. Don’t get me wrong, I’m not ramping this stock as there is the possibility that the board may just want rid so they can focus on other works, meaning we may be lucky with 1p. However, the most likely options are; a sale of over 4p, a JV or funding so we can go it alone. All these options are a big positive. There’s also the likelihood of dilution to raise some further funds, even if we secure a JV or obtain production funding.
moneymaker2015
04/1/2020
13:50
Hi Moneymaker out of interest where have you seen the figure of 4p per share net asset value quoted ?
clarea
04/1/2020
12:40
Could not agree more with your comments. Giles Clarke did a great job at Amerisur ! I dont think so. He sold a company for 50% less than it was worth. Thats why we wont see a great deal for Ironvelds long suffering shareholders. 10p offer per share is never going to happen. The current share price says ot all. Im sticking with my expectation of an agreed Joint Venture. Then hopefully after all these years this Project can get going
underhill2
04/1/2020
10:36
GC flogged a £500m company for £250m, never delivered on anything he said, him and his cronies had millions and millions out of the business in options and salaries! Yet he did really well??There was a certain amount of oil in the ground that everyone knew about, GC didn't put it there. Even my postman could have created value with Amerisur!
tommygriff
04/1/2020
00:00
I do have to say there’s a lot of bitterness on this board and not very much optimism. For starters, why does everyone think a 10p buyout won’t happen? That’s still a very low sale figure, our net assets are worth around 4p so if we have indeed sought a funding option that doesn’t involve dilution there’s no way this would be sold for less than 7p. Secondly, why is everyone hating on GC? He did a brilliant job at AMER and if he can do similar here he’s going to make me a very wealthy man. Lastly on the dilution; Not many exploration companies get to production with less than a billion shares in issue unless they enter into a JV or get lucky with their funding. You should be expecting another 400 million shares here to enter on to the market before we see a penny of revenue (anything on the contrary would be a bonus). It sounds like a lot of people naively bought in over 2 years ago and are blaming GC for their mistake.
moneymaker2015
03/1/2020
10:05
Hopefully we will have news soon.
underhill2
03/1/2020
09:37
I doubt very much if Eales would have been taken on if the company was heading for oblivion, reading between the lines it looks like they're going for the joint venture and hopefully free carry route, which would undoubtedly be the best outcome for shareholders and of course the recent appointment would make one think that they're pretty confident about achieving this outcome.

Eales skillset and his past at RBC should also not be dismissed lightly.

As you say though Underhill, a placing may indeed still be required, which at current prices would cause a hell of a lot of dilution for shareholders, so one can only hope that we receive news which causes a spike and then a placing at 1.5p + would become acceptable / a necessary evil.

Using a comparison to AMER, I'd say we're at the "flip of a coin" stage that Amer were at when down at 2p, what happens next could either prove transformational for the company and holders or it could end up as another costly AIM experiment.

Time will tell..........

ladeside
02/1/2020
21:06
Im expecting an agreed Joint Venture no bid. Something needs to happen in the next few months as the cash will run out by the end of March. Maybe with another placing at the same time
underhill2
02/1/2020
19:15
Waiting in anticipation
friars3
02/1/2020
19:14
AGM on 10th. Something has to come out on the bidders for the company at the agm
friars3
20/12/2019
18:53
Underhill I'm certainly not referring to you I'm referring to our friend who has more identities on advfn than the whole MI5 spy network in true style he has now disappeared since his pie in the sky research and finger in the air valuations have come to naught. Sad that there must still be people who fall for the b/s.
clarea
19/12/2019
15:04
I the new ceos job was arranging the Xmas party and sorting himself an Xmas bonus thats if he's anything like GC and Co
tommygriff
18/12/2019
17:03
Do you mean ramper John Casey ?
underhill2
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