Ironveld Share Discussion Threads

[hedgehog 100] 09/11/2021 15:51

Some more extracts from Align Research's 7.1.21 research note on Ironveld (IRON):-

"The Definitive Feasibility Study (DFS) followed on in April 2014 ... project consisting of a 15MW DC smelter ... to deliver an annual turnover of £26.4 million with an EBITDA of £8.1 million per annum (based upon then current costs and commodity values). Capex was projected to be approximately £36 million, a proportion of which was modelled to be funded out of early cash flow"

"Phase 3 is the long-term objective which involves adding four 75MW smelters which are really necessary to process the large resource at the project over a meaningful time period."






In summary:
Phase 1: 5MW smelter
Phase 2: 15MW smelter
Phase 3: 4 x 75MW smelters

= 320MW of smelters.
= 21.33 times the DFS smelter capacity.

Obviously economies of scale from increased size will mean that the projected profit is far higher than 21.33 times the DFS projection.

[cloud9surfer] 09/11/2021 14:37

There probably will not be an rns today but it doesn't change what we know is happening!!!

[pointscorer] 09/11/2021 14:35

People starting to think that no RNS is coming today?

[smcle15h] 09/11/2021 14:27

MMS want your shares

[givmesunshine] 09/11/2021 13:49

should get an RNS confirming resolutions passed today - dont think its will have much else - but we may then start to see some more nearterm guidance on the next steps

[hedgehog 100] 09/11/2021 13:00

"LSE % Gainers Top Lists
EPIC Name %
IRON Ironveld +24%"

Ironveld toppping the top risers list again today, which is clearly getting it noticed!

[hazelst] 09/11/2021 12:40

Market Cap still only 16m.

[roughandtumbleone] 09/11/2021 12:37

She's about to pop.Paying over the top for shares and the next wave is likely to be wrong through the 1.3 range. Massively under valued imo

[roughandtumbleone] 09/11/2021 12:32

Hedgehog.The best part their price target was 3.26 back in January without funding in place.Let's see what happens both with the Grovesnor involvement and 29.9 percent stake and their openly stated access to the final funding.

[vauch] 09/11/2021 12:30

I hope you lot dont have this guy stalking the thread.
Stoxwhizz9 Nov '21 - 12:24 - 7636 of 7640
0 0 0
Ironveld has been a decent trade with actual substance to its rise so can hold and build on its gains...

QBT is a hype stock.. buy in queitly when its in the 1p to 1.5p range, then sell at 3.5p and above if you can get a bid.

Rinse and repeat with this shambles

Drifting back down now..

[hedgehog 100] 09/11/2021 12:03

Some more extracts from Align Research's 7.1.21 research note on Ironveld (IRON):-

"HPI powder might be sold at US$1,700/t"

"In Phase 1 of mining at a rate of 44,000tpa, it would take 25 years to mine just 1Mt of Ironveld’s 56Mt JORC-compliant resource in the Bushveld, leaving 98% of the resource untouched. So, the resource is crying out for a far larger project that could really begin to do justice to the tremendous potential and that is where Phase 2 and Phase 3 come in."

[malcolmmm] 09/11/2021 11:37

Can sell at 1.1775p so share price should tic up

[malcolmmm] 09/11/2021 11:34

H/L none available atm

[pointscorer] 09/11/2021 11:28

1.172 on the bid ao 1.20p should fall again very quickly ;-)

[luckyabbeygale] 09/11/2021 11:17

IG seem to of saddled their own fate with Ironveld.

When they rise it is hard to buy more than £500 pp.
When they are falling it is hard to sell more than £500 pp.

Therefore what do you do:
The answer is quite simple.
You simply never sell any until after Ironveld has achieved its ambitions.

[pointscorer] 09/11/2021 11:08

Just topped up another mil :-)

[ladeside] 09/11/2021 11:01

Confirmatory RNS should be appearing shortly.

[hedgehog 100] 09/11/2021 10:56

Dr DarkStar9 Nov '21 - 10:27 - 4507 of 4509 0 2 0
"This move should get us into the 1.7 area quite soon. And that's only Elliot Wave 2 of 5"


Thanks DDS.

Just out of curiosity, do you know the EW 3 4, & 5 levels for IRON, and timsecales, please?

[malcolmmm] 09/11/2021 10:52

Did buy this morning but missed the initial 7% rise but only 100,000
They are on the way by the look of it

[givmesunshine] 09/11/2021 10:34

Would be good to see this close above 1.2 - but no rush -I agree that 1.7 would be a good base before we move forwards

[dr darkstar] 09/11/2021 10:27

This move should get us into the 1.7 area quite soon. And that's only Elliot Wave 2 of 5

[petersmith6] 09/11/2021 10:18

Averaging is my friend.. I may not make as much...but i lose less