Ironveld Share Discussion Threads

[purchaseatthetop] 05/1/2022 15:30

Recovery ….take a look at MOS for lunatic believers who throw their toys around. And SYME. And EUA. And many others. I think adverse views based on analysis are very useful to long holders as it challenges their heuristics. Not here.

[ny boy] 05/1/2022 15:00

Another no hoper on AIM littered with failures

[rec0very stock] 05/1/2022 14:41

What is irrational is throwing your toys out of the cot about reasoned debate and your unfounded accusations about "you and your type".

If you have done your research as you claim (though there are many fundamental errors in your posts eg claiming the 30 Jun cash figure was the figure at the time of results announcement) and you understand the risks and are as comfortable with them as you claim, then you have nothing to fear from reasoned debate about something which is uncertain and therefore highly debatable - #nodebate is for losers who have no sound argument but just feel they have a right to impose their flawed views on others. Your next step will be to filter all the people whose experienced, realistic and entirely valid views you don't like. Good luck to you and your ostrich investing strategy.

[ladeside] 05/1/2022 14:32

Ultimately what's posted here either positive or negative will not affect the outcome, so unless anyone has any solid research then the pearls of wisdom being spouted amount to pretty much nothing other than wild speculation.

As I've said, it's all becoming rather monotonous now but by all means continue to waste your time just don't expect us all to waste ours by continuing to read it....

[ladeside] 05/1/2022 14:26

There's nothing irrational about it, I'm just sick of reading these echo chamber like posts that are doing nothing other than repeating the known risks over and over and over, again with an added few exaggerated risks and possible worst case scenario outcomes thrown in for good measure.

If there were people blatantly ramping this share and posting complete sensationalist drivel, then Yes, I'd maybe see your point, however that is clearly not the case and only makes me question your continued presence here all the more.

I've seen you and your type a hundred times before, it's all very subtle but it doesn't hide what you are and I'm sure it's not just me that can see right through it.

[rec0very stock] 05/1/2022 14:13

patt,

Whilst some who post on here are clearly naive, Ladeside is not one of them which suggests his irrational behaviour is more driven by fear than stupidity.

[ladeside] 05/1/2022 14:10

You've made your point and there's really no need to labour it......

[purchaseatthetop] 05/1/2022 13:39

Ladeside…..don’t be so stupid and say that a short or sell holder “wants the company to fail” as that is completely wrong. I simply believe that the share is too high.whether the company succeeds or fails is entirely down to the BoD etc and we make no difference.

[rec0very stock] 05/1/2022 13:06

Whilst not denying the fundamental truth of:

"As it stands, the OFFICIAL word from the company, the brokers, and the major shareholders is that everything is still very much on course to complete"

It is also fundamentally true that that would still be the case if things were going off course.

We need to allow time for things to get back up and running post Christmas, but as time goes on the no news is bad news scenario becomes more probable but you won't hear that view OFFICIALLY from the company, the brokers or the major shareholders. However you will see it in the continual downward drift of the share price

[rec0very stock] 05/1/2022 12:12

patt,

RNS's don't tell the truth the whole truth and nothing but the truth - The RNS did not lie as such but equally it left out some pertinent detail and caution. Unregulated communications like the ME video and twitter are even less reliable and will focus exclusively on the upside scenarios.

Risk is probability times impact. Continued discussion of both is essential so that investors can continue to update their views of the risk reward balance as it pertains to their own appetite and circumstances to make the investing decision that is right for them. I do sometimes wonder about the true agendas of those who seek to suppress open discussion. For the most part I believe it is a genuine unwillingness on their own part to face the consequences of their own investing decisions, but some I feel may be doing it for less than noble motives.

Personally this share owes me very little. It was worth a small punt sub 1p when I made it and is still worth that now in my view, as I have a risk balanced portfolio. Indeed the small punt came from dividends I had received from other shares.

[ladeside] 05/1/2022 11:58

I really shouldn't engage but I'll try (again) anyway.

Ok, so what part of "WE KNOW THE RISKS", do you and your 2 pals not understand ??

It's AIM, of course it's a risk, it's an unknown private company we're dealing with, of course it's a risk, there's been delay after delay, of course it's a risk.

WE GET IT !!

Today's price is 0.80 to sell and under 0.82 to buy, as such the wider market sees it as a toss up which could go either way, however the market will take your shares if you wish to sell and have no appetite for risk (although why you'd invest in Aim is beyond me), likewise if someone wants a punt at 0.80 then should the deal complete (which I fully believe it will), then the share price will be hitting 2p very shortly and will be North of 3p by year end.

That's the gamble.

As it stands, the OFFICIAL word from the company, the brokers, and the major shareholders is that everything is still very much on course to complete, we also have the impending sign off of the Luge Licences due to be RNS'd and should there be further hold ups then our board have guaranteed us funding until at least end of April 2022.

Now that it's all out there, I don't see any reason why you guys need to hang around given that you have no interest in the company other than hoping to see it fail.......

[purchaseatthetop] 05/1/2022 11:56

Recovery…̷0;a very balanced and correct post. Thanks. I think you are right that 0.3p may be hopeful. The future is reliant on Grosvenor. What is telling is that the first RNS had no mention of Grosvenor needing to raise th3 £5.6m so it is likely they misled the BoD. Was it a third party sharepump ramped by Grosvenor?

Confused and possibly bad for PIs.

[rec0very stock] 05/1/2022 11:48

vatna,

I always take the view that RNSs will not directly lie (although there have been many from companies at the bottom end of AIM that have) but do not tell the truth the whole truth and nothing but the truth. This is particularly true of future events. Eg the money was expected in IRON's bank the day after the GM. It may have been reasonable for the BOD to have believed that at the time of the RNS.

There is absolutely no suggestion in the RNS of 21/12 to support your hope:

"I would have thought that the £5.6M should have been put on escrow before the announcement and GM, so that Grosvener couldn't back out, and I also agree with the previous suggestion that the balance of funds required for the project should have been raised by a placing at that point, rather than relying on Grosvener for the entire funding."

On the contrary it clearly indicates the reverse is true:

"Grosvenor is finalising its own funding package for both transactions"

Indeed if Grosvenor did have some of the money they could have provided it instead of the directors' loan.

The 2 words that have preceded every PI investing disaster are hope and assume. There is a lot of hope and assume among the perma bulls who are now throwing their toys out of the cot as the experienced realists unpick their flawed arguments. That is not to say that the worst will happen, it most probably won't. However be in no doubt if the worst does happen it will be very very painful for those who have invested more than they can afford to lose based on hopes and assumptions.

patt,

Yes there are many examples we could point to. I think we should follow a 2 step thought process. What would the share price be a few days after an RNS announcing the Grosvenor deal is off? Given that the accounts make very clear (including the going concern emphasis of matter) that the company goes bust if it does not raise new funds by end of Mar, what would the discount to that share price be? Add to that that a placing would not replace the funds expected but just keep the lights on while yet another investor is sought and add to that the number of false dawns followed by placings we have seen over the last 10 years and the perma bull can swear all they like, but it won't change what those who do decide to give IRON one more chance to deliver on the promises it made 10 years ago think is a fair price for them to invest at.

[luckyabbeygale] 05/1/2022 11:47

Now we know that purchaseatthetop is also PURCHASEATTHEBOTTOM1.

From the OMI thread,
Stretford19644 Jan '22 - 21:58 - 22274 of 22274
0 1 0
Hope so LUCKY. Topped up here recently at 0.11 to reduce my average to 0.14. We should see a considerably higher share price within the next 24 months. Patience is the key.

To all true OMI investors, please have a great 2022 and ignore the stressed and obsessed PURCHASEATTHEBOTTOM1. She is a serial SAGA deramper and pure fantasy trader who also goes by the user names DIOHOHKU, FANT1, CLEVERINVESTER, DISCOJOHN AND DISCOFREDDY, plus other handles.

[purchaseatthetop] 05/1/2022 11:18

Seems you are not only not listening to me but also not reading the RNSs. Good luck with that. Funny.

[logica2me] 05/1/2022 11:17

Well said LAKESIDE.

I'm certainly not about to listen to someone with the nickname "purchaseatthetop" !!

[purchaseatthetop] 05/1/2022 11:04

Ladeside....DMTR was in exactly the same position as IRON are now and RNS'd a placing at 84% discount to the existing share price devastating PI's. That would equate to around 0.1p. I think around 0.3p. Whatever the end result not good for PI's.

Swear away in the void of the internet if you like. This is a real possibility (or probability) given the lack of 1) approval for Luge and 2) lack of cash at Grosvenor. But if you want to stick your head in the sand rock on.

[logica2me] 05/1/2022 10:24

Tightest spread I've ever seen - news on the way I think. Bid is holding firm at 0.8p which is a good sign.

[purchaseatthetop] 05/1/2022 10:09

Ummmm…..luckyabbeygale…..they have run out of money and will have to raise cash via a placing if Grosvenor do not deliver. The downside in the next three months is 80% of present shareholder value if Grosvenor do not come up with cash for the unapproved Luge development. Think about it. Lots. How do you get finance for an unapproved project? You must have the cash in the bank. Banks will not lend.

[luckyabbeygale] 05/1/2022 09:34

When taking a look at the 3 year chart all I can see is very little downside from here. Worst case scenario is a Zephr Energy type of 10m fund raising at 2p when they was 2.6p. That got them from 2p to over 8p at one stage. In IRON terms that be at 0.5p with a Eurasia Mining future performance of over 100 fold potential. Hopefully this will not be needed with grosvenor a 1p placing.

[vatnabrekk] 05/1/2022 09:30

I'm still convinced that Grosvener has the funding for the initial tranche of £5.6m. I cannot believe that Ironveld's lawyers and NOMAD would have allowed the RNS to go out, and the GM to be called, if they were not certain that the funds were available.

I would have thought that the £5.6M should have been put on escrow before the announcement and GM, so that Grosvener couldn't back out, and I also agree with the previous suggestion that the balance of funds required for the project should have been raised by a placing at that point, rather than relying on Grosvener for the entire funding.

But of course it's easy for me to sit here and say these things without being fully aware of what's happening on the ground, and what has taken place in the discussions.

[soultrading] 05/1/2022 09:17

Defo have some skin in the game here. As soon as news lands these prices will be dust.

[malcolmmm] 05/1/2022 08:55

Well I do own a few of these but sold most,kept some as a punt just in case .If they do receive funds then I will buy in again so I am interested in the share price and comments made by informed posters here

[purchaseatthetop] 05/1/2022 08:28

Recovery…..look at the recent DMTR placing at 84% discount to the existing price. That is what would happen.