Ironveld Share Discussion Threads

[purchaseatthetop] 22/7/2022 14:12

Recovery.
73/27
27/73

[rec0very stock] 22/7/2022 14:11

Ok sweepstake time (got to enjoy the ride).

Who can get closest to prediciting the % of votes cast on 1 Aug and 12 Aug.

I am going for:

1 Aug both resolutions 69 for 31 against

12 Aug both resolutions 31 for 69 against

The winner gets a choice between:

A free lesson in assessing risk / reward balance

or

A free lesson in guessing what the share price will be at some point in the future (date or conditions based).

[rec0very stock] 22/7/2022 13:59

"Ref Ironveld #IRON Valid Q posed what if placing gets voted down? Rest assured we will step into ensure (a) smelter deal gets closed and (b) replacement Directors ready."

Not before 19th Aug though as another GM will be required. Having seen what has gone on is anyone other than RJ going to buy into a placing or Broker Option at 1p?

Just one more example of RJ's ego blinding him to reality and midleading his own supporters in the process.

[quidnunc] 22/7/2022 13:29

Why do I feel that GC and JW will walk away with the remaining cherries in the bowl? If one is a previous Amer pi then experience whispers doubts in one's ear. Iron is a watched pot that's never boiled Q

[rec0very stock] 22/7/2022 12:15

Got my letter of representation for meeting on 12th.

Who has zero credibility the person who does analyse risk / reward balance following learning from every mistake and success made over the last 20 years (most of them with mining companies) or the person who never learns, does not want to learn, does not want others to learn and just wants to continue to make the same mistakes over and over again.

I sold over 1.2m IRON shares at way over double current share price and put the money I got back into 3 other mining companies that have sound projects where I am content with the risk / reward balance and I have faith in the management. I am also retiring next year at 55 with a nice little nest egg (shares and property) so I can enjoy that retirement. There is no point in people who don't learn selling, because they will only put what they get back into another poorly researched investment and have the same chance of losing it all there.

[malcolmmm] 22/7/2022 11:28

Everyone knows that IRONVELD have valuable assets in the ground so they say but what is worrying here is that for some reason?????? they havent ever tried to extract anything for many years. Funding is not the problem imo ,plenty of cheap money around if the potential profits is proven with the much needed assets .
The longer they take the more investors will perceive that they have a problem, a big nasty problem preventing mining.

[aceuk] 22/7/2022 10:55

Align still tweeting

[ladeside] 22/7/2022 10:54

A lot of your posts are pretty good recovery, however it's posts like your last one there which give you ZERO credibility and confirm that you have another agenda.

At least your 2 pals are up front about theirs......

[ladeside] 22/7/2022 10:52

Pot and kettle !!!!

[rec0very stock] 21/7/2022 23:28

Stropy landowners will put a drag on the share price

Constant powercuts in SA will put a drag on the share price

Running out of money and having to do more discounted placings will put a drag on the share price

Having no idea of the NPV will put a drag on the share price

But all that is just too depressing to think about. Much better to just make up random future SPs with zero credible analysis underpinning them that just happen to be close to our average to avoid having to face up to our investing errors and ensure we never learn from them.

[purchaseatthetop] 21/7/2022 20:41

The management and fighting shareholders will put a drag on the SP!

[rec0very stock] 21/7/2022 20:39

Broker Warrants exercised at 0.3p for 3 years will put a drag on the share price

[malcolmmm] 21/7/2022 17:08

Ownership Name Shares Current Value Change % Portfolio %
7.91%
BWV Investments Limited 105,500,000 £358.7k 2.07% no data
7.78%
John Wardle 103,713,568 £352.6k 0% no data
5.35%
HBOS Investment Fund Managers Limited 71,390,684 £242.7k -1.56% no data
4.52%
Michinoko Limited 60,306,937 £205.0k 0% no data
4.15%
Fiske Plc, Asset Management Arm 55,339,282 £188.2k 33.87% 0.07%
3.19%
J. Wilkins 42,605,107 £144.9k 0% no data
3%
A J Bell Holdings Limited, Asset Management Arm 40,004,679 £136.0k -7.94% no data
2.37%
Charles Stanley & Co. Ltd, Asset Management Arm 31,583,917 £107.4k -5.25% no data
2.33%
Puma Investment Management Limited 31,136,780 £105.9k -13.73% 0.07%
2.25%
Barclays Bank PLC, Wealth and Investment Management Division 30,009,942 £102.0k -51.85% no data
2.16%
Peter Cox 28,785,400 £97.9k 0% no data
1.59%
Global Prime Partners Ltd, Asset Management Arm 21,250,000 £72.3k 2025% 0.03%
1.52%
Ramsey Crookall & Co Limited, Asset Management Arm 20,274,994 £68.9k -30.51% 0.03%
1.49%
Cantor Fitzgerald Asset Management 19,850,000 £67.5k 171.92% 0.01%
1.48%
Charles Clarke 19,686,811 £66.9k 0% no data
1.38%
HSBC Global Asset Management (UK) Limited 18,418,164 £62.6k -9.61% no data
1.23%
Investec Wealth & Investment Limited 16,388,894 £55.7k 276.98% no data
1.19%
UBS Asset Management 15,892,765 £54.0k 362.64% no data
0.93%
John Harrison 12,352,738 £42.0k -18.21% no data
0.87%
Investment Funds Direct Limited, Securities Investments 11,563,605 £39.3k 17.01% 0.01%
0.75%
Westleigh Investments Holdings Ltd. 10,062,470 £34.2k 0% no data
0.75%
Spreadex.com Limited, Asset Management Arm 10,000,000 £34.0k 0% 0.23%
0.66%
Jarvis Securities plc, Asset Management Arm 8,743,766 £29.7k 38.43% no data
0.65%
GHC Capital Markets Ltd 8,641,668 £29.4k 0% 0.12%
0.63%
Integrated Financial Arrangements plc, Asset Management Arm 8,448,192 £28.7k 0% no data
Show less
Company Information
Ironveld Plc's employee growth, exchange listings and data sources

Key Information

[malcolmmm] 21/7/2022 17:08

1 Event - Thu, 30th Dec 2021

Ironveld Ordinary Shares to be Deleted from Other OTC
Ironveld Plc Ordinary Shares (United Kingdom) will be deleted from other OTC effective from December 31, 2021, due to Inactive Security.

Apr 27
No independent directors
Following the recent departure of a director, there are no independent directors on the board.
The company's board is composed of:
No independent directors.
4 non-independent directors.
CEO & Director Martin Eales was the last director to join the board, commencing their role in 2019.
The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ironveld has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Show section
Short Term Liabilities: IRON's short term assets (£166.0K) do not cover its short term liabilities (£579.0K).

Long Term Liabilities: IRON's short term assets (£166.0K) do not cover its long term liabilities (£4.4M).

Stable Cash Runway: IRON has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: IRON has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.8% each year.

[ladeside] 21/7/2022 14:54

Does anyone know how you vote on HSDL ?

My "corporate actions" on all my accounts are all sitting as blank with nothing to action so unsure how I can cast my votes.

Any ideas anyone ?

[ladeside] 21/7/2022 11:13

It's like everything Al, As the story unfolds so do the risks and potential positives or negatives, as such I hate putting a price on when I'll buy or sell in advance as the new situation has to be taken into account as to why that particular price has been reached (whether low or high).

As we stand right now, I'd say that 0.30 is as low as it will go and this reflects the maximum risk of the deal not completing, the board being voted out and the company being left in limbo with no clear future.

What happens in that reality is anyone's guess.

On the other hand, should the board win the day and manage to conclude the smelter purchase as planned, then I'd say today's price is a giveaway as would think we'd immediately re-rate back to the 0.60 - 0.70 range pending the refurbishment completing.

I don't think it's a simple EVS chance as I'd doubt we'd be completely wiped out, however it would certainly cause LOTS of uncertainty and we'd need to wait and see what Aligns funding plans were (if any) or whether or not they'd attempt to sell off the licences in a fire sale ?? And of course we'd also need to pay off the Directors loans which would more or less swallow up any of the cash that they've proposed they'll raise.

Lots of unknowns at the moment but I'm basically gambling on the board getting the sufficient backing that they require...

[al101uk] 21/7/2022 10:10

Ladeside,

I agree, there is a point at which all of the risk is priced in and todays market cap could be it.

There is a lot of talk of dilution and share price, but it's really the market cap that puts things in to perspective.

We all know Ironveld could eventually fail, but it could also succeed, what do you percieve the odds of each to be, what is your expectation of price on a success and once you reverse that out what is todays fair value?

Today, I'm not even doing the math. Ironveld is too far outside of my risk tolerance for now. For holders, it's a very important question.

I think it's also key to have an end game, what's your definition of success or failure?

I think that's the only way to remove cognitive bias and sunk cost falacy from your calculations... make the decisions up front.

[ladeside] 21/7/2022 09:49

It was only a matter of months ago that this company was valued at nearly £18 Million on nothing other than "hope", as such I'd put it to anyone here that should the placing go through and the smelter complex purchased as promised, then this company should easily see a valuation of £25 - £30 Million+

The shares in issue matter not as the price has been amended to reflect this, so basically an share price of 0.80 to 1p can still be easily achieved within a relatively short period if and when the smelter deal completes.

Of course, there's many other variables and unknowns both potentially positive and negative but I don't think I'm being overly bullish when I state the figures above.

Yes, it's not what we had hoped for but it's at least something....

[malcolmmm] 21/7/2022 08:47

IMO holders will lose all their money in this so called investment

[malcolmmm] 21/7/2022 08:44

Looks like to me as some have said ,that this company has been created to make money from greedy naive traders believing the excitement from their various news releases of mine t action of funding .The share price rises,insiders sell.Grosvnor looked extremely dodgy and they knew it. .Imo could be wrong but look at the ap and idiot traders are still holding and buying and losing money. Oh dear they will never learn

[rec0very stock] 21/7/2022 07:47

In case anyone is interested in the sort of info real mining companies produce:



This one did not even exist in 2015 when IRON was supposed to have been in production according to the 2014 DFS. And yes it is one of the companies I bought more of with what I got back from selling IRON. There will be a stage 2 DFS (confirming the scoping study already published) soon and I will post that so people here can see what a published DFS looks like.

They are experiencing / expecting 10-20% cost growth - this will not be unique to the location and type of mine.

[rec0very stock] 20/7/2022 23:45

Al,

Thanks for not stopping, I remember the AMER story but not as well as you do (I was lucky enough to make 30% when it was sold).

"Admitting problems, only when it's absolutely necesary is GC's modus operandi."

Also true of most AIM companies. The issue here is what they do about it. Again like a lot of AIM companies, the answer is dilute whilst puting as little as possible in themselves.

The only answer is DYOR and make your own assessment of the risk and the reward. The company itself and its advisors will always play down the risks and pump up the rewards. Align gets paid by companies, including IRON, to do just that. Align's problem is RJ's massive ego lets him believe his own hype and buy in on it, throwing his toys out of the cot when his own faulty research comes back to bite him on the bum. So far in this spat RJ and GC have both acted entirely in character.

The key risks they are not telling you about are the ones discussed on here - I won't rehash them but suggest shareholders and potential shareholders DYOR to assess them for themselves. As far as the reward goes, we have no idea of NPV and can only imagine how many shares will be in issue before the company becomes cashflow positive at PLC level, if it ever does.

[al101uk] 20/7/2022 23:16

Damn, I was trying to stop posting quite so much :-/

[al101uk] 20/7/2022 23:15

GC companies all have the same traits, from Amerisur to Ironveld to Barkby Group to Kazera. It doesn't seeem to matter who the rest of the team are (CEO, CFO etc), they all manage truth and hype at just the right level to keep people interested.

They don't lie directly, they lie by omission. With Amerisur, Plat was a great field until it was plugged while oil prices were low and Amerisur lacked a cheap way to transport the oil (that's what investors were told):

"the oil has been there for thousands of years, it's not going anywhere"

Meanwhile the company strung investors along for four years before the transformational pipeline finally opened to great fanfare and Plat could be brought fully back online. Only the flow rate would have to be increased slowly.

Then investors were told that a pumping station was hugely affecting flow rates. When this was fixed, flow rates still did not improve, but there were definitely no problems with the Plat field. That was until, it turns out, there was wax in the wells, a common problem in fields that are shut in for any length of time. Reworking the wells would fix it said the baord. But Plat never recovered and was practically written off by the time Amerisur was sold.

The story lasted long enough though for another prospect, CPO 5 to hit decent amounts of oil and early investors still could have done reasonably well out of it (unless they averaged up, like me). The resulting success was more by good luck and a good geologist than anything else though. Funilly enough that same Geologist (John Wardle) sung the praises of CPO 5, right up to the point Amerisr was sold for a fraction of it's all time high. CPO 5 appears to be doing great under new management.

Admitting problems, only when it's absolutely necesary is GC's modus operandi. Look at the Kazera story (probably worse than Amerisur), Ironveld or the multiple failed deals in Barkbys previous incarnation before it was delisted.

If you go back to his boasts around his two other big successes and then look at listing prices and how investors fared who bought in to the publicly listed companies ... it ain't that great. He did fantastically, he built a business that was very well valued when it listed... but the investors didn't get a great deal of the upside. The businesses, even once sold, certainly didn't live up to the hype.

I still believe you can make money on GC companies, but timing is everything, reading between the lines, seeing the unwritten negatives and only putting in money when success is practically assured is in my view the only way to do so. GC gave investors the opportunity to buy Amerisur at 2p and sell at over 70p... that has got to be worth something.