Ironveld Share Discussion Threads

[ladeside] 18/12/2020 14:43

Funnily enough pool, that's pretty much the same here.

Much of the risk has been removed from here with the recent placing and it is at an all time low, however the fact remains that we now have 1.3 billion shares in issue.

As a result the potential "upside" has been tempered somewhat, however at current levels a multi bagger is still a very realistic prospect.

My own views are that we progress slowly but surely so that the company is then in a position to either sell or farm out their assets at a decent price, what is a decent price ? who knows, but personally I'm looking for £35 million + as a base target, however as / if things progress as hoped, then that figure would be increased accordingly.

[2prsimo] 18/12/2020 14:16

Can buy 2.5 mill in one go - so the mm's are getting them from somewhere

[2prsimo] 18/12/2020 14:06

The mm's seem to have cleared any blockage - one can now buy plenty at 0.56/0.57.

[purchaseatthetop] 18/12/2020 13:46

Hi there UpThePool...I think you will find that I am a fine upstanding member of the investing community. Good to have you here. It sounds like you got into EUA at an early and low price so congratulations. My warnings were to ramp-led buyers who were falling for the "billions certainly" crew.
Anyway...these are internet BBs and never listen to anybody!
GLA

[upthepool] 18/12/2020 13:40

Interesting. They will take the whole 2m i bought this morning off me at 0.53p, yet if you want to buy a messily 1000 worth, it is NT.Looks like there are buyers around and the MMs need stock.What will the MMs do to get the stock they obviously need........

[upthepool] 18/12/2020 13:01

New into this today. My 2m buy from this morning at 0.53p not showing yet.Obviously issues here, which is why the share price is where it is, hence my smallish first dip of the toe into the water, but massive upside if they can sort them out and move towards jv/sale/mining it themselves.Bit of a punt really, but so was EUA when I bought in with an average around the price IRON is now - and that worked out ok.GLA, even PATT :-)

[ladeside] 18/12/2020 11:42

SP is being held / managed / manipulated unless there's a 7 million+ sell in the system.

The 2.5 million trade listed as a sell was in fact a buy delayed from 08.44 this morning, other than that it's been a "sea of blue" all morning and with some decent sized trades going through.

Spread has narrowed right up which is obviously a good thing, however it looks to me like they're trying to encourage some profit taking as in reality we should be about 10% up on today's action.

Still, it's a long haul for most of us but I'd still rather see the share price level out at at least 0.75 - 0.8 which would still only give us a mcap of £10 million.

[purchaseatthetop] 18/12/2020 06:07

Make sure you buy before EUA either is sold or a new RNS appears terminating the FSP without a sale. A wall of money will be looking for a new home. All IMO and maybe wrong.
However, this is a sleeping giant and one day it will wake up. I am more than willing to buy at less than half a pence while many other LTH have paid the price for getting here with dilutions. I might also suffer that fate but the upside is forty fold increase. As part of a balanced fund containing majority of "boring" stocks such as MCRO, NEX, BRWN and so on this might provide interest, excitement and massive profit.
Good to be aboard and thanks to Boom123 on the LSE board for the nudge.

[johncasey] 18/12/2020 00:30

anyone seen the iron price? going ballistic

[dealer66] 18/12/2020 00:23

Done a bit of researching this evening and it seems tracarta ( ex amer ceo) is knee deep in iron .
Having purchased shares from Nov 2016 to nov 2018 worth a cool £1.75MILL,from 4p to 1.75p . To break even he would need over 2.5p . (500% from today)
In addition since iron was brought to list there has been other accumulated board purchases from staggering 9p to the most recent 1.48p .


I believe for the board to get any kind of return for their backing of this project they'll be looking for a minimum price of 5p-10p in event of a clean sale .
Just imho .



I think that this has to be the minimum expectation for any value being returned.

[vatnabrekk] 17/12/2020 21:20

I'm inclined to agree that it seems they are lining up something bigger.

[dealer66] 17/12/2020 19:38

This is the bit that makes me think another offering is in the wings.
I'm sure you both have seen it but in case not.....

"The Company and IIG remain in constructive discussions about a future partnership, which may involve further funding and/or conversion into equity of some or all of the funding IIG has provided to date, but have agreed that the Option Agreement will not be extended on its current terms and will now lapse as at 30 November 2020. Alongside a potential revised transaction with IIG, the Company is in discussions with its advisers and other organisations in order to provide alternative financing arrangements at both PLC and project level."

Then came the placing & now Align loading up .
Join the dots up ???

It's hard not to get excited in this share as if GC & Martin close out a deal this is going to seriously rerate regardless of recent dilution .
Mustn't get to rampy yet , better the masses buy at 2p .

Have a Good evening

[ladeside] 17/12/2020 19:25

Thanks Dealer and welcome aboard purchase, good posts and think we're all singing from the same hymn sheet here.

There's no doubt that the recent "mates rates" placing has added a bit extra dilution and has been a bit of a kick in the teeth to long termers, however what's done is done, the company are now funded as a result and hopefully we are now in a very strong bargaining position that Martin and GC can use to strike us a good deal.

As you say, it's a no brainer at current levels and really is just a waiting game now.

Good luck guys.

[purchaseatthetop] 17/12/2020 18:26

This is JORC validated and that is 100% critical especially if you look at the values placed on non-JORC resource such as EUA. I have bought here and in BMN in the last weeks and this is going to be good.
Align Research are critical players as IMO they will put the pieces together to make this actually happen. I expect another TR1 soon showing a further increase from their shareholding.
An extraordinary potential asset sitting there and begging. I bought here at 0.45p and BMN at 12.9p.
Align Research did not buy in without a lot of errr....research.
GLA

[dealer66] 17/12/2020 17:09

Thanks for reply.
I have been in GC comp before ,Kennedy ventures now KZG but was unfamiliar with AMER story .
Tracarta were frequent traders in that pre name change, it was a good trade for me 3p to 12p. More luck than judgement I add .
I know the board have a lot of shares 2-5p in iron , always a good sign as nobody like to loose money even millionaires . I notice martin CEO gets a tranche of shares early January as well , another good incentive to get a deal across the line.
I had my eye on iron at 1p but didn't quite have the funds free , so had a somewhat lucky escape.
I'm hoping they walked away so to negotiate a better deal with iig or a new third party .
I see the share price now as a massive opportunity & after the years of drifting share price .
The fact align are buying is in my eyes a very very good sign.
With the resource iron have on a jv /finance deal I think it could very easily replicate the AMER rise .
In fact it wouldn't shock me if this went 5-10p if such news did land, one reason why i prefer to be in now with a nice pot and double up on confirmation .

Fingers crossed eh !!

[ladeside] 17/12/2020 16:40

Hi Dealer, Yes, Amerisur was an oil company based in Colombia which was also GC & NH, as an aside the former Amerisur CEO (John Wardle) is also heavily invested here through his investment vehicle Tracarta and at much higher levels / averages than the current share price

Amerisur was recently sold and many long termers weren't exactly ecstatic, however with hindsight GC got a decent price under the circumstances.

To cut a long story short, Amer had dropped from around trading ranges of 14p - 18p down to a low of 2p, however when many thought the writing was on the wall, GC pulled off some excellent deals (and subsequent successful drills) and the price began to rise steadily. After a couple of years the share price ended up stable at the 38p - 44p trading range, it had a stint up in the 60's as well and even touched the 90's intraday at one point.

There were quite a few of us did very well (although could have been better if timing our trades a bit better) but that's always the case.

Don't get me wrong, there were broken promises and failed plans along the way and there's no doubt that GC has his faults and like all AIM bosses tends to treat the PI with more than a hint of contempt, however I'd be inclined to trust both he and Harrison more than many others and ultimately if they expect to make money then we can expect to make money, which I suppose is all any of us can hope for.....

[dealer66] 17/12/2020 16:16

Hi ladeside, I'm unfamiliar with the amer rise could plse expand . Was that a GC company ?
I'm also happy with these small steady risers, as you stated the resource is proven & fully funded. I believe the last deal was stopped by iron for a reason but the fact it was negotiated by Martin whom had only been CEO a short while fills me with confidence another deal is forthcoming.
I wonder if align are still buying , they took 29%in KZG so lack of funds isn't a issue for them .
Under radar , small rise every day and news at 1p-1.5p would be most welcome .

[ladeside] 17/12/2020 15:50

I'm looking for a nice slow and steady rise here a la old school Amer style. It would keep us off the radar of the day trading rampers / derampers and give us the solid base in which we can continue to build.

If Align are increasing their stake then that should underpin a decent base and then our next steps will be to negotiate a deal from a position of strength, both from an share price / mcap perspective and the fact that we're fully funded for the next 15 - 18 months.

Ultimately we have market support, we have the resource confirmation verified via Jorc of a very important / substantial asset and we have all the licences and local support required, which means that the funding / farm out / sale of our assets can now continue at pace.

The decks have been cleared and there really is little downside from here and MUCH to be gained........

[dealer66] 16/12/2020 18:22

I believe KZG has risen 100% since align increased they're stake there .
If they can assist in striking a deal jv/finance/sale in this share from the level it is now I welcome they're involvement .

I'd also expect a lot more than 100% rise if the news regarding the above lands .
This was sitting 1p waiting news which would have transformed iron & possibly 10 bagged from 1p , sadly the deal passed cut off date .

This share very unloved due to years of delays and non progress . One rns could change that & sentiment turn in a flash
The next EUA maybe ????

[al101uk] 16/12/2020 16:34

A repeat of KZG? I'm not entirely sure what that means, but report early next year.

[dealer66] 15/12/2020 17:58

Taken some stock here after the align rns,they know exactly what is going on & I believe significant company changing news is close .
Align also hold greedy directors to account , maybe it was them that stopped Mr Clark & co filling their boots at 0.30p.
This dog is about to have its day I think .

[sabre6] 15/12/2020 17:40

Just a matter of time

[tommygriff] 15/12/2020 16:44

They made a difference to the KZG share price when they got involved.Good with communication, anything is better than we have had to put up with in that dept