Ironveld Share Discussion Threads

[luckyabbeygale] 06/12/2021 09:39

500k buy sorts that hardship feeling out.

[givmesunshine] 06/12/2021 09:38

Shut up ??

[luckyabbeygale] 06/12/2021 08:59

Looking good now. Two buys just paid a premium.

[sabre6] 03/12/2021 20:36

Patience is all that is needed most deals get delayed there may be a good top up opportunity in the next few days

[cloud9surfer] 03/12/2021 17:41

And they are most definitely buys from yesterday.

[cloud9surfer] 03/12/2021 17:35

Surely the late buys again confirm this is being delayed to fill an order. The RNS is going to be released when the order is filled. You got to love the aim market. Good work if you can get it!!

[annie38] 03/12/2021 15:22

Quite disappointed in yesterdays RNS. We have gone from at least mentioning a date to a more vague "should take place shortly" Must be some undisclosed issue which has prevented settlement taking place within the original indicated timescale. Remain confident nonetheless that we will get there eventually.

[luckyabbeygale] 03/12/2021 13:53

Must be one hell of a big buy order in the system by the looks of it. We now hugely undervalued compared to Beowulf at 85m that will never see any iron due to wildlife issues.

[ahhh luke warm] 03/12/2021 08:36

Cannot buy in size this morning. Took 2 x 350k which was the largest order they would take. Always been able to grab a million here and there. Not today! :-(

[ladeside] 02/12/2021 20:43

Couldn't agree more. Communication has never been a strong suit, however anyone expecting minute by minute updates is in the wrong game I'm afraid.

[dr darkstar] 02/12/2021 19:14

The deal's never been off the table. Just a lot of inexperienced investors off their heads if they're been lobbing emails around ....

[ladeside] 02/12/2021 18:54

A bit of a vague / pointless RNS imho, however it's almost as if they've reacted to PI E-Mails and chatboard talk which is a strange one from GC and most certainly out of the ordinary as far as he's concerned(not sure how ME dealt with stuff like this in the past).

For what it's worth, my opinion remains the same as it did prior to the RNS, ie, the deal is still very much on and we're just waiting on the cash which COULD be in the next few days or COULD be another week or so.

Irrespective, it's still very much "game on" here.

[luckyabbeygale] 02/12/2021 18:38

Oh yes your right. There was me thinking it was a Friday.

[logica2me] 02/12/2021 18:19

Monday? You mean tomorrow, Friday, I hope!

[luckyabbeygale] 02/12/2021 18:10

Decent mark up then on Monday. As after two days and nothing the market started to feel the deal was off. Now it's back on the table. There is everything to play for in this investment.

[luckyabbeygale] 02/12/2021 17:44

Everything is going to plan. An announcement has just come out to confirm this.
Also the close regular contact will make sure that Ironveld is getting the further funding completed as soon as possible in my opinion.

I did not know that all the concern was over the first lot of funding.
There was me thinking everyone was on about the second lot of funding to be on or around the 30th.


Ironveld PLC

02 December 2021

Ironveld Plc

("Ironveld" or the "Company")

Update on Transaction with Grosvenor Resources

Further to the announcement dated 9 November 2021 in connection with the agreed GBP5.6 million subscription by Grosvenor Resources Pty Limited ("Grosvenor"), Ironveld announces that the two parties remain in close regular contact concerning the closing of the transaction which should take place shortly when Ironveld will issue and allot the 561,505,950 new shares to Grosvenor against receipt of the subscription funds.

[al101uk] 02/12/2021 14:37

Ironveld RNS:

22nd Oct - Ironveld is pleased to announce a proposed new major investment by Grosvenor Resources Pty Limited ("Grosvenor"). Conditional only on shareholder approval, Grosvenor will invest £5.6 million in the Company via a subscription for 561,505,950 new ordinary shares in the Company at 1.0p per Subscription Share.

9th Nov - Ironveld announces that all the proposed resolutions in connection with the £5.6 million subscription by Grosvenor Resources Pty Limited tabled at the Company's General Meeting held earlier today were duly passed.

[al101uk] 02/12/2021 14:33

Kazera RNS history:

1th Nov 2020 - negotiation with a major Namibian investor for a substantial equity investment into the Company.

18th March 2021 - Investment package agreed subject only to banking due diligence. Total investment of €9,130,000 via equity and convertible loans at a price of €0.03142 per share.

14th April - Due Diligence Completed for Namibian Investment, The Company is now awaiting final confirmation of the transfer of funds.

13th May 2021 - No funds recieved despite completion of banking due dilligence, but investor still interested.

3rd June 2021 - Second Investor also interested.

1st Sept 2021 - Both potential investrors are awaiting the conclusion of other investments.

[al101uk] 02/12/2021 14:31

Ladeside,

Thanks, I was drawing parallels between Kazera and Ironveld for the financing and I trust GC about as far as I can throw him, so...

When someone makes a statement like the one you did, it spurs me to look at the facts (as opposed to just having a thought in my head).

And you're right, they aren't the same.

If you look at the Kazera financing deal, I coulnd't find a single RNS that was specifically about that, they were always tacked on to another update. Just looks odd, looking back on it.

They claimed "The expectation was that the funds would be received imminently following the completion of the banking due diligence." there was never an AGM to approve the deal or the issue of equity.

THe nail in the coffin of the deal was an RNS on the 1st Sept where the story changed completely:

"Both potential investrors are awaiting the conclusion of other investments."

In hindsight, the deal over at Kazera looks dodgy as hell, although I didn't 100% register that at the time.

Never been an investor there and only smalltime here following the much more traditional deal IRON seem to have done.

[luckyabbeygale] 02/12/2021 11:07

Beowulf Mining are not even mining any Iron Ore, and are valued at 68.6m.
There is no certainty that they ever will be.
Crazy how the market valuations are worked out.

[malcolmmm] 02/12/2021 11:06

These things usually take longer in practice

[ladeside] 02/12/2021 11:01

vatnabrekk, Yes, I've seen parallels drawn between ourselves and KZG, however it's a completely different situation where Kazera have only had serious interest intimated as opposed to us having an actual deal signed and are only awaiting the transfer of funds.

I've also seen comparisons given of the IIG proposed deal, however again it should be pointed out that it was ourselves and NOT IIG that pulled the plug on that deal.

As I say, nothing is certain until the cash is in the Bank, however at the moment everything appears to be 100% on course and why shouldn't it be ? as after all these investors know that they're getting a bloody good deal and the fact that the share price has since risen above their investment level speaks volumes.....

[vatnabrekk] 02/12/2021 10:09

LADESIDE, you make a very good point. If the deal was falling through the company would almost certainly have had to put out an announcement by now.

[ladeside] 02/12/2021 09:41

After reading some of the posts elsewhere, I feel it needs to be pointed out that in the absence of any RNS that it should be treated as 100% the deal is still on and that the funds will be received imminently.

"On or around the 30th" also means we should realistically be looking at the 6th or 7th December before we need to start wondering about it.

As someone who works in the Banking industry, I'd be very, very surprised if the funds weren't held by at least one of the Banks (possibly both) for compliance checks which can take anything from 24hrs to even up to a week, so we're a long way yet from writing the deal off as gone sour etc !!!