Ironveld Share Discussion Threads

[luckyabbeygale] 30/12/2021 11:52

Will they accept me back as a client when I get my 130k inheritance?. I was booted out for a ccj with spread x.

[logica2me] 30/12/2021 11:51

I’ve heard it all now. Why on earth would you short IRON right now? Ridiculous, Malcolmmm.

[malcolmmm] 30/12/2021 11:50

Most AIM shares are short-able on Sreadex and these were until the delay has become a problem. The longer the delay the more the share price will fall imo

[rec0very stock] 30/12/2021 11:50

Previous RNS which said cash to Mar 22 was typically overly optimistic - unsurprisingly it really did not take long to burn through the £1.15m placing. The company needed the cash from Grosvenor before Christmas. That did not happen hence the loan, which comes with interest and fees, again typical of the BOD who are only putting back what they took out in remuneration.

A placing on the back of the Grosvenor deal falling through would be lucky to get away at 0.1p and would only raise enough to keep the lights on, whilst they look for another source of funding. The 21/12 RNS said "Grosvenor is finalising its own funding package for both transactions" ie it does not even have the cash already in the bank to do the first one.

No ulterior motive just being an experienced realist who can read cashflow statements. It has been the same for the last 10 years, so nobody who did their research should be any more worried now than they were when they bought. Those who did not do their research and piled in thinking the only way was up might now be getting nervous.

[luckyabbeygale] 30/12/2021 11:44

Spread x does not offer shorts on the majority of penny shares.

[malcolmmm] 30/12/2021 11:43

Am watching but am waiting until Spreadex accepts shorts on these at the moment they won't but the were happy to when the G deal was supposable imminent as most here were led wrongly to believe on various financial videos with the CEO.
As far as I am concerned I was coerced into believing the deal was a done and dusted deal. The reason imo why Spreadex wont accept shorts is that they think that there is a good chance that this deal with G will not progress, my thought only could be wrong.

[ladeside] 30/12/2021 11:17

The ONLY negative I can take from today is that reading both RNS's and reading between the lines, the wording has changed from January to "early 2022" and of course the potential requirement of this Loan facility COULD mean that the funds maybe aren't now expected until end of Jan / Feb, however that's just my guess and they could still appear next week.

I suppose the difference for me is that I don't really care as I'm investing here and not day trading like certain others, so whether the deal completes tomorrow or 5 weeks from now makes little difference to me.

On the plus side, it does allow me to purchase more at reduced prices, so every cloud and all that.

I'd also point out that our Directors are willing to chuck in £100k of their own cash and that the warrants can't be exercised until the share price hits 1.5p, so surely they know more than us and are obviously pretty confident in achieving this 1.5p and at the same time wouldn't be chucking £200k down a drain either ???

As I say, I'm happy enough but for those who have doubts then I'd point you in the direction of the sell button as no point in being in a share that you don't believe in.

As for our resident good samaritans, it's not like you'd have an ulterior motive or hidden agenda for pointing out all the negatives and risks constantly (both real and imagined), would you ?????

[purchaseatthetop] 30/12/2021 11:03

Good luck Ladeside…̷0;Always assume worst case. Safety nets work if the body has not already dropped. If you look at annual losses you will see between £1m and £500k. Do the maths.

Update…they were hardly going to say that they were not confident. Would they? Bit like Directors saying they are after shareholder value.

[ladeside] 30/12/2021 11:03

In case anyone missed this bit (intentionally or otherwise),

"Ironveld remains confident that the transactions with Grosvenor will soon complete, but the Loan facility provides important flexibility prior to closing of those transactions."

[ladeside] 30/12/2021 10:59

You don't know that as a fact and as per previous results we had sufficient cash to last until March, so this additional £200k is merely a safety net.

As I have said before, we're all well aware of the risks and I'm so grateful that you guys who have no interest here have given up your valuable time to point them all out to us, however the fact remains anyone who's feeling doubtful or anxious can sell right now for 0.87, or if not, they can sit and wait and take the gamble of the 2p+ or the potential "placing" at 0.40 or thereabouts.

That's the gamble as they say......

[purchaseatthetop] 30/12/2021 10:50

Ladeside..They HAD £300k on 30/6/21. That was six months ago. They lose £300k plus every six months so no more cash.

[ladeside] 30/12/2021 10:47

They haven't run out of cash, they have £300k remaining plus now have access to an additional £200k if they require it.

It's prudent and it's well planned out in advance should there be any further hold ups etc.

Why would ANYONE perceive that as negative ??

Ok, some might get annoyed about the terms and the warrants, however 1.5p minimum is required as is the deal completion before said warrants can be exercised, which again I'd put down as VERY BULLISH !!!

Try and twist this any way you wish, however the fact remains that the risk has been removed, the company are funded in case of hold ups, there is now no pressure as the safety net cash is there and the warrants exercise price is 80% above the current share price

All good from where I'm sitting.......

[purchaseatthetop] 30/12/2021 10:44

Babbler….if Grosvenor do not provide the money then there will be a placing to raise funds. The RNS today showed cash of £300k at 30/6/21 so that has all gone now.

Wake up and smell the coffee. If Grosvenor do not come up with the cash, which has not happened as yet, then a placing at 0.4p is on the cards.

[babbler] 30/12/2021 10:39

yeah cos Grosvenor would. love that wouldn't they when they are paying 1p

[purchaseatthetop] 30/12/2021 10:34

Nothing to worry about? They have run out of cash and now are reliant on a new company raising $8m from standing start. I see another placing at massive discount coming.

[logica2me] 30/12/2021 10:29

Exactly. Nothing to worry about at all. The directors must be mega confident to stump up their own cash.

[vatnabrekk] 30/12/2021 10:10

Surely this gives some comfort. These two directors wouldn't be giving the company a loan up to £200k if they thought there was a risk of it all going down the pan.

[newbietrader2000] 30/12/2021 09:20

Why did they take another loan Are they running out of cash Red flags all over here

[babbler] 30/12/2021 09:17

New rns. 1.5p warrants and small raise. Its coming.

[vatnabrekk] 30/12/2021 08:50

I don't think this delay has got anything to do with the pandemic. My understanding is that G want to raise the second lot of funding before they pay across the first lot.

[logica2me] 30/12/2021 08:38

These things take time. We’re in the middle of a pandemic. Nothing to worry about here.

[malcolmmm] 30/12/2021 08:32

I sold some time ago.I don't like the look of Governor at all. What are they up to . Ironveld good, Grovernor bad imo .

[segaris] 28/12/2021 14:19

Interesting research note from align research in their tips for 2022!Http://www.alignresearch.co.uk/align-research/align-research-top-10-conviction-calls-for-2022/