Ironveld Share Discussion Threads

[malcolmmm] 22/12/2021 08:22

Another RNS another deal. Imo should wait until these deals are done before announcing something that may not happen.Those with insider information are at a big advantage here

[vatnabrekk] 22/12/2021 08:09

That's a very good question RecOvery.

[rec0very stock] 22/12/2021 07:52

The bit nobody is talking about: "Grosvenor is finalising its own funding package for both transactions". Ie Grosvenor does not already have the money in its own bank account. This explains the reason for the delay and the risk for completion of the transactions.

In the grand scheme of things it is not a lot of money. On the one hand it should not be that difficult for Grosvenor to raise, on the other it does seem strange to set up a new investing company that does not have the funds already to make investments.

Sorry to be cup half full/empty but I have had shares in this since Mercury Recycling days and have seen so many false dawns. I added a few more on the initial announcement of the deal, but experience with this company tells me not to go all in. The thing that worries me most is, if the asset is as good as everyone thinks, why has it taken forever to get the relatively small amount of cash needed to get it moving?

[al101uk] 21/12/2021 23:40

purchasethetop.

Thanks, but I can't find any evidence of a collapsed deal over at CRCL.

If you just meant that Align Research is generally biased and keen on hyping companies they have an interest in, I have no argument with you there.

Ladeside,

I'm currently leaning to the deal getting done, but if there is evidence that Align have concocted fantasy deals to unload shares my mind could be changed... with links to source :-)

I also tend to use my prior knowledge of NH & GC to form opinions, but maybe my experience wasn't as positive as yours.

I saw what became BARC, having almost had a deal for months and then getting delisted, relisted and sold for pennys on early investors money.

I saw the KZG funding deal that never happened.

I saw the Amerisur pipeline imminently ready to take oil for four years and never get close to it's promise or the third party oil transport that was to be a company maker.

I saw Plat oil production chopped to a fraction of what it was when production came back online, while everyone threw quotes around about the "oil not going anywhere" and the company claiming there was no issue. The field never recovered.

I saw some downright dishonest measurements of profitability per barrel (imo).

I remember the "technicality" that was the P2 reserves write down that ended up very much not a technicality.

I remember the meeting with Private Investors we both knew well (and some no longer with us) that were stitched up by GC.

I remember the nil cost share options... OMG the share options!

And I remember the final humiliation of a company fire sale, which included CPO... the new white hope for eventual glory. I remember how I felt when I realised that the sale was probably for the best.


Having said that...

I remember Chaco resources was a basket case until Giles Clarke and co rocked up and transformed the company with funding and some smart acquisitions.

I know that GC is very prudent and clever with his funding options, he doesn't load companies with debt.

And I know he will do pretty much anything to prevent a company being a complete write off. Re-listing BARC on AIM was a minor miracle, as was any early investor getting ANY money at all.

Giles Clarke isn't a saint, he's capable and rutheless and I believe a businesses continued development towards an eventual sale is probably all he's bothered about. If that screws the odd PI, I don't think he loses a wink of sleep over it. I also don't believe he goes unrewarded, even for the less than spectacular listings he's been part of... again with no regard to Private Investor loyalty or returns.

On the plus side, I think he probably cares as much about his new African investors as he does about us.

As for:

"I'm also pretty sure that the "delay" was choreographed in order to pull off the full funding"

There was no need for choreography, who would have complained if the entire deal had been released in a single announcement last month... or next month. I think someone screwed up, but it's all worked out in the end... I presume it will all work out in the end :-)

[givmesunshine] 21/12/2021 23:38

Exactly - worse than the most basic Advfn Rampers ( and they get paid for it) However - not quite the same here as the maths do add up .. even with a heavy risk .. at the end of the day if the asset has value there will be a way forward.. as it makes loadsa money - simples

[ladeside] 21/12/2021 19:56

Align have nothing to do with the "deal" and their cards are well on the table when releasing their coverage.

Tell me a broker or investment house who doesn't big up their own interests ??

[purchaseatthetop] 21/12/2021 19:05

Al101uk….look at CRCL snd quite a few others. Align get involved in April 21. They are paid in shares for their “research̶1; by the company and influence on the market. The share rises strongly from 1.2p to 2.1p a couple of months later. Now back at 1.05p. I am not a fan of Align Research.

[ladeside] 21/12/2021 19:01

Al, I prefer to use my experience and prior knowledge of GC and NH to be pretty sure that this WILL complete as planned. As you well know they are heavily invested here and are not renowned for throwing their own money away or not doing their research / due diligence etc.

Think back to the Plat deal done with Repsol and Ecopetrol, that was a masterstroke and I'm VERY confident that this is another.

There's quite a few doomsters appeared and I can see why people might be wary, especially on AIM, however GC is a different animal to your usual "lifestyle" supremo and I have full confidence that this excellent deal will be brought home.

I'm also pretty sure that the "delay" was choreographed in order to pull off the full funding and as such I also fully expect it to complete with us gaining receipt of funds over the next couple of weeks.

[al101uk] 21/12/2021 17:28

purchasethetop,

Interested in anything you have on Align to come to that consclusion?

Has it happened before, besides at Kazera?

[purchaseatthetop] 21/12/2021 17:22

Malcolmmm…sensible. When a share spikes due to an expected cash investment and then the money has not arrived when a new extra cash investment is muted causing another rise, then be aware that the money may never arrive. Especially when Align Research are behind it. Might be the best thing ever and good luck.

[malcolmmm] 21/12/2021 16:56

Well they say that this new deal should be finalised shortly. That's what they said about the first deal so I am not buying any more until we see the colour of their money.
Lakeside is quiet?

[logica2me] 21/12/2021 15:52

Last time to get in at these levels. Do not expect anything near 1p going forward. Glad I topped up at 0.89p and 1p now.

[someuwin] 21/12/2021 15:13

Ironveld plc @IronveldPLC ·7h

High purity #iron powder is used in ignition systems and #electric motor components. So, as the automotive industry undergoes rapid electrification, demand for electrical operating systems and power devices will rise, increasing the demand for #HPI $IRON

[logica2me] 21/12/2021 15:08

Looking strong now. Think we'll see 1.2p before close

[givmesunshine] 21/12/2021 12:46

The Company will look to utilise Grosvenor's expertise and access to further funding in order to progress the broader financing required to bring the Company's project into development. Both parties are committed to ensuring Ironveld can commence mining and processing of its magnetite ore in the near term

[vatnabrekk] 21/12/2021 12:34

That would make sense I think.

[givmesunshine] 21/12/2021 12:31

Yes - have to remember this a company under UK law - 30% is an important threshold

[givmesunshine] 21/12/2021 12:30

Malcolm - that's not what it says at all ..They will still have 30% of IronfieldAll too paranoid ..

[luckyabbeygale] 21/12/2021 12:26

I guess that's better. As then they will not act like a concert party.

[givmesunshine] 21/12/2021 12:24

They won't with this deal - 30% plus 50% stake in a field - not equity

[luckyabbeygale] 21/12/2021 12:16

We want them to have over 50 percent ownership of Ironveld. As Grosvenor is an African based investor. That way Ironveld will never end up being kicked out of Africa. Like what happened to that other company.

[malcolmmm] 21/12/2021 12:08

Well hopefully this will go ahead but it seems that Governor rather than dropping out od the deal have either been persuaded or are jockeying for a better deat, they will in fact own Ironveld? with all that intails

[purchaseatthetop] 21/12/2021 11:51

Logica…more correctly is “it might be fabulous news and it might transform the company”

The issue I see is simply that so far it has all been expected and not actual cash. Very big difference and if the cash does not appear the share price dives. That is all.

[al101uk] 21/12/2021 11:47

givemesunshine,

Was that aimed at me, if so I don't understand the question?

Conspiracy?

[logica2me] 21/12/2021 11:41

It's fabulous news and will transform this company, that's what it is.