Ironveld Share Discussion Threads

[johncasey] 07/4/2021 19:51

i think Greenland is just anti uranium..the other rare earth metals will be mined,theres not much else worth doing there except fishing and seal hunting..incidently no covid deaths and very few cases..one factor could be that the population have 10x the iodine levels..likewise other high iodine countries have very low covid death count..years ago testing for iodine was common and added to salt and flour..now its nearly non existant,without iodine your body cant function properly but these sage scientists completely ignore the iodine factor...

[ladeside] 07/4/2021 19:36

The only risk here at our current share price is getting this financing deal over the line and then finally pushing ahead towards production, if we can pull that off then the sky really is the limit.

I always hark back to AMER and the dark days of 2p and with hindsight wish I had bought many more than I did, however this feels very much like a second chance and hopefully we all get rewarded for our loyalty.....

[brut winky] 07/4/2021 18:56

Noticed that about Greenland earlier on yahoo, think i will carry on building my stake in Ironveld as it looks like Vanadium will be in big demand for redox flow batteries, and the High purity iron look to be in demand as well and Ironveld product will be cheap to market. GLA

[ladeside] 07/4/2021 17:33

Another boost for us as Greenland looks like being taken off the map as regards mining rights and licences.

hxxps://www.france24.com/en/europe/20210407-left-wing-party-opposed-to-rare-earth-mining-project-wins-greenland-election

[brut winky] 07/4/2021 14:55

Just added half of holding, was going to wait to see if it retraced from here a bit but FOMO kicked in and i'm in for the mine opening anyway, so i will pick a few more up if does pull back a bit. GLA

[annie38] 07/4/2021 11:04

Another Tweet an hour ago stating that "Iron is in a position to supply." Mmmmm ?

[the dark horse] 06/4/2021 17:40

Great minds think alike, i doubled up today as we broke the immediate trend and imo the odds now favour we have bottomed out :)

[dr darkstar] 06/4/2021 17:27

I expect to see 1.2p within the next month .....

[brut winky] 06/4/2021 11:34

Can't buy online but can sell, looks like there's a serious stake builder. GLA

[brut winky] 04/4/2021 15:01

Like buffet says, don't complain about a stock being cheap, it just enables you to buy more. That's exactly what i intend to do next week because at some point the chances are they will not be this cheap for long. GLA

[ladeside] 01/4/2021 22:26

So basically we need to break through the 0.85 mark but will this be done post or pre a definitive RNS ??

Hopefully the pressure will continue to build next week and we'll push on without the News and then get the re-rate on news dropping.

What can I say, this would be an ideal time for Bas to get out in that garden, assuming he's still here of course.....

[bigwavedave] 01/4/2021 20:49

FWIW...a tweet earlier today from Align:"Ref Kazera Global #KZG & Ironveld #IRON. "Mr Market" is finally beginning to wake up to the re-rating materiality around the corner on conclusion of the 2 investment deals. We are anticipating a 2 handle and 1 handle for KZG & IRON respectively imminently."Well, we know what "imminently" means but maybe they're right this time...

[tomboyb] 01/4/2021 08:43

Looks like 0.70p+ today -

[tomboyb] 01/4/2021 08:29

If 88E crew come here then 1p+ -

[tomboyb] 01/4/2021 08:07

Moving up today -

[city analyst1] 01/4/2021 08:03

• Ironveld owns significant High Purity Iron, Vanadium and Titanium assets in the Bushveld Complex, South Africa.

• These assets continue to demonstrate robust economics and have a potential value many times in excess of the company's market capitalisation and balance sheet carrying value.

• Talks are currently at an advanced stage with a major partner seeking to take a strategic equity stake in the company at a premium to the current share price. The Directors are hopeful of being able to conclude a meaningful transaction in the coming weeks.

• The company’s current cash pile is sufficient to meet committed overhead expenditure until early 2022.

• The company’s NAV (Net Asset Value), as at December 2020, is £21.5m (or 1.6pence per share)

• The company’s current market cap is £8.62m (or 0.655pence per share).

So, at 0.655pence per share (£8.62m), and less the company's current cash balance of £850,000, means the market is valuing Ironveld’s HPI, Vanadium, and Titanium assets at a paltry £7.7m!

And compare that valuation to its audited NAV of £21.5m and you’ll soon realise we have some miles to cover in terms of attaining a reasonable valuation.

Also, and as is often the case with these type of negotiations (like KZG), the 'major partner' is most likely being 'encouraged' (by GC) to pitch their entry closer to the NAV than away. To this end, I'll wager a hat full of guineas that the entry price will be between 1pence and 1.6pence per share.

Profoundly undervalued.

AIMHO.

[bigwavedave] 31/3/2021 22:42

OK, thanks both. So it'll mean some dilution but at least things will get moving, at last. ?

[ladeside] 31/3/2021 16:11

Phase 1 Production Plan

Once the required US$20 million finance is in place to start the mine, as well as buy and refurbish the smelter, production can begin. A smaller contract mining fleet is planned to mine quite a low target of 44,000tpa with projected annual production of 21,000t of HPI powder, 190t of vanadium slag grading 28% V2O5 and 3,818 tons of titanium slag grading65% TiO2.

With production at this level and based on current metal prices, the annual
revenue should be around US$28 million. Discussions are currently reported to be underway with potential funding partners.

Already there is a five-year offtake agreement for the vanadium slag with a globally recognised trading company. Previously there were marketing agreements for the HPI powder and titanium slag, with a five-year contract signed with Oreport, an established South African marketing company with expertise in commodities, steel and stainless steel.

Smelter refurbishment and commissioning is to be managed by highly reputable company Tenova Pyromet, which is a leader in the design and supply of AC & DC furnaces for the production of ferroalloys, PGMs, base metals, slag cleaning and alloy refining.

[ladeside] 31/3/2021 16:08

Much depends on what we're looking for at this stage, 2 billion new shares at 0.7 would give us the required £14 million to advance the project and get production started, it would also give us 3.3 billion shares in issue, so possibly a 2 or 3 for 1 consolidation wouldn't be a terrible idea either, although I appreciate that not everyone favours a consolidation.

This £14 million would totally transform the company and get us well on the way to making big profits from our in house production which would in turn provide the cashflow to progress to the next company changing phase or indeed leave us ripe for a take out by a major at big figures.

"Ironveld’s existing smelter deal is the opportunity to acquire Siyanda Smelting and Refining
(Pty) Ltd and Power Alt (Pty) Ltd in Middelburg, South Africa, which has a production ready
smelting plant with 7.5MW furnace. In all, the acquisition, refurbishment, mining start-up
and working capital cost has been estimated to come in under ZAR300 million (US$20
million). It is worth pointing out this stage, that building its own 5MW smelter on site comes
with roughly the same capex at less than ZAR 300 million (US$20 million).
Importantly, this smelter comes with an independent power producing plant generating
10.6MW of electricity through four natural gas-powered engines. This means that there are
no concerns about blackouts. If acquired, the board confidently believe that production
could be fast tracked to begin within 6-9 months following acquisition and that the project
could provide the prospect of robust economic returns and early free cash flow"

As we can see, if we can get this deal over the line then BIG things could be in the offing in the not too distant future......

[vatnabrekk] 31/3/2021 15:43

Yes Dave, a strategic investment would mean an issue of new shares by the company, and of course the company would benefit from the amount paid for the shares.

[ladeside] 31/3/2021 15:20

Dave, it wouldn't surprise me if it was the Namibians that are bankrolling KZG that are also looking to get in here as they obviously like the GC story.

The recent RNS over on KZG was also noting that the funding would be at a "premium" and there was talk of the KZG investment being "just one part of a much larger but related strategic investment by the group".

Align is also a major investor of KZG as well as here so every chance there's a link up, especially as both GC / NH vehicles.

All supposition of course, but the main thing is we have a plan and are now pushing ahead....

[bigwavedave] 31/3/2021 14:15

vatnabrekk - thank you. I thought as much. But where will they come from? Issued by the company? Maybe I'm being a bit thick today....

[vatnabrekk] 31/3/2021 13:38

I imagine that the premium is because if they were to try to buy the required quantity of shares on the market, the share price would possibly shoot up much higher than the premium that they are considering.

[bigwavedave] 31/3/2021 12:51

It's progress for sure. But what form would this transaction take? How do you get a "strategic equity stake" and why at a premium to the current price?