Ironveld Share Discussion Threads

[rec0very stock] 24/7/2022 17:30

"A claim for malicious falsehood is usually made to protect economic interests. It is more difficult to pursue a claim for malicious falsehood than for defamation."

More Kleenex required Richard. The only person who has damaged your economic interests is you.

[rec0very stock] 24/7/2022 17:11

No malice Richard, just my honestly held opinion. Have I done serious harm to your ego and cost you a fortune in Kleenex? Aww didums. How much have you cost shareholders here by opening your trap about the discounted placing when made an insider?

How much more damage are you going to do to shareholders with your ongoing egotistical rants? Nobody pays any attention to my posts on a BB read by a handful of people. For some reason that escapes me they do take notice of what you write.

[richie666] 24/7/2022 17:01

Looking forward to seeing who u really are on the 12th.
And trust me I know all too well ref the Defamation Act. U should read the section about acting with "malice".
To help you -

[rec0very stock] 24/7/2022 16:48

I wondered when you would turn up Richard rather than hiding behind red ticks

Best you read the Defamation Act 2013:



And then open another box of Kleenex

[rec0very stock] 24/7/2022 16:44

LADESIDE If you are not enjoying the ride maybe you should get off.

RJ won't stop, his ego is far too large for that.

[richie666] 24/7/2022 16:43

I sincerely hope u are at the GM on the 12th as for once I can see the usual BB coward in the flesh and sue you thereafter for defamation.

[rec0very stock] 24/7/2022 16:26

"for which I intend to bring along a few boxes of Kleenex for you and Mr Eales at the forthcoming GM’s" - I've got my ticket for 12th and really looking forward to it. With the placing (which RJ won't block on 1st) diluting RJ and his supporters and the placing shares assumed to be at the discretion of the BoD he could easily find 90+% of the vote against his resolutions. I hope RJ brings extra large boxes for himself and his supporters. I hope I get to say the only person whose word I have less faith in than ME's is RJ's before I disappear off for a few drinks and a meal with an old friend I have not seen since well before Covid.

Why did anyone, including me, think it would be different this time with Grosvenor? Always easy with hindsight, but rather than taking a small punt on the Oct 21 RNS, I could have sold all my 1.2M to LADESIDE at over 1p. Malcolm did a bit of research after the event and found no evidence they were in anyway a reliable source of funds. I thought I had trained myself out of impulse buys. DYOR before you hit the button stupid - how many times have I told myself that over the years.

Why does anyone think IRON is fully funded through to cash generative production now?

How many more shares will be in issue by the time they make it to being cash generative at PLC level? Assuming they ever do.

[tima441] 24/7/2022 15:31

Probably worth reading the further exchange of tweets in replies

[iceagefarmer] 24/7/2022 15:16

just read jennings letter dated 24th july..he certainly doesnt hold back..lol!

[purchaseatthetop] 24/7/2022 14:22

Makes you wonder why he invested with that track record? Was it greed maybe?

[aceuk] 24/7/2022 14:17

Mr Jennings is still going, in fairness to him Clarke has provided a good trail over the years

[iceagefarmer] 24/7/2022 13:21

there were 2 x £99k buys in KZG friday..did someone exit IRON and has piled into KZG? looks like it to me

[rec0very stock] 23/7/2022 13:42

The other really tenuous link to IRON is: Not realising the fox was running amok in the coup until I was locked in by suspension and surrounded by dead chickens was the biggest mistake amongst many which enabled me to turn nearly £200k into the £1.4k I used to buy my remaining 27k shares in IRON.

When you pay that much for investing lessons you absolutely have to learn them all. The reason I find LADESIDE so entertaining is he reminds me so much of how I used to think. I don't claim to have never made a mistake since - I have made lots more little ones, but I have rebuilt my retirement nest egg (the account with those 27k shares and only those 27k shares is my SIPP! everything else is in ISAs)

[malcolmmm] 23/7/2022 00:01

Another all time low? They are taking you guys to the cleaners, use a stop loss next time, you know it makes sense

[al101uk] 22/7/2022 17:57

Removing as it's offtopic and it's going to be bad enough now we have iceagefarmer posting drivel.

[al101uk] 22/7/2022 17:37

Also the crushers themselves seem to be priced in the 10's of thousands to low hundreds, so doesn't seem a deal breaker to either have that capcity contracted in with the staff or provide it out of placement funds.

[iceagefarmer] 22/7/2022 17:24

i think align have dumped ironveld and piled more into kazera..makes sense to me.. listen to podcast

[al101uk] 22/7/2022 16:41

BBBEE:

Ironveld plc, the High Purity Iron, Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa is pleased to announce that it has signed the necessary shareholders documents for the BBBEE participation in the project and has submitted the community and workers trust documentation for registration.

Four global trusts are currently being registered at the Master of the Supreme Court. These trusts will hold, in trust for local communities, tribal authorities and future workers, shares in the BBBEE companies which have a shareholding in the operating companies that make up the Ironveld Group. This shareholding is 26% as per the BBBEE's Code of Good Practice and the Mining Charter.

Ironveld is currently assisting the BBBEE companies with their applications for funding to allow them to meet their share of the capital requirements of the Company.

Sequon – Harriets Wish, Cracouw and Aurora communities
Cucrat – Nonnenwerth, Lapucella and GaTshipana communities
Luplus – GaRamela community
Ironveld Smelting BBBE Company

[al101uk] 22/7/2022 16:40

DFS Key outcomes, based on a 15MW Smelter:

Key Outcomes:

· The Study confirms the Project's viability to deliver an exceptionally high grade iron product (99.5% Fe) called High Purity Iron ("HPI") which commands a premium to the pig iron price

· Vanadium and titanium slag containing commercial grades of vanadium and titanium will also be produced and sold

· Project life is in excess of 100 years and highly scalable

· Ore from the main magnetite layer on the Company's properties can be fed directly to the proposed smelter without the need for beneficiation

· 20MW of power available on site by year-end 2014 from an ESKOM substation adjacent to the Project area

· Study shows the ability of the Project to deliver an annual turnover of GBP 26.4 million with an EBITDA of GBP 8.1 million per annum (based upon current costs and commodity values)

· Project is also projected to be cash flow positive from the commencement of production

· The capital expenditure is projected to be approximately GBP36 million, a proportion of which will be funded out of early cash flow from the Project

· The robust nature of the Project has attracted interest from a number of Capital providers, the Company is in advanced discussions with banks, other financial institutions and industry who are interested in providing the necessary capital as part of capital equipment and/or offtake agreements for the Project's HPI, vanadium and titanium.

[al101uk] 22/7/2022 16:39

Bit of an information dump, might help move on from the current arguments here:

From 2013:

Ironveld plc, the pig iron and vanadium company, is pleased to announce the completion of a successful large-scale pilot plant campaign at Mintek in South Africa on samples taken from the Company's pig iron and ferro-vanadium project (the "Project") on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa.

During the campaign, over 60 tons of iron was produced from 140 tons of Ironveld's titanomagnetite ore grading close to 50% Fe and containing 1.2% V2O5. The majority of iron produced during the campaign contained over 95% and close to 97% Fe with between 2.5% and 3.5% carbon. Sufficient carbon-containing iron has therefore been produced to use as material to test market acceptance.

The sample was taken from close to surface and did not require any beneficiation. The ore was merely crushed to less than 7mm for material handling requirements. The smelting operation was carried out at around 1,700 degrees C in a 2MW DC arc furnace in which the iron oxides in the titanomagnetite ore fines were reduced using fine low-ash anthracite.

High recoveries of iron in excess of 90% were achieved as a result of iron oxide levels of less than 5% being obtained in the slag during the campaign. The distribution of the vanadium into the metal increased significantly ranging from 1.1 to 1.5% as the iron level in the slag decreased. The resulting vanadium recovery at the higher vanadium levels obtained in the iron was over 70%.

Titania levels in the slag of over 50% and up to 65% were achieved at the higher levels of iron reduction. Samples of titania-rich slag will undergo further testwork to look at the possibility of recovering the titanium values.

[rec0very stock] 22/7/2022 14:28

"Align have used a 6x revenue figure to value the asset"

No wonder RJ gets into and drags his supporters into complete dogs. I look for MCaps between 3-5 times annual project operational cash flow, I am prepared to add something for reserves in the ground, but resources are not worth a bean to me. My little Aussie gold mine (one of the companies I topped up on using what I got back from selling IRON) is currently trading on about 2.5 times steady state annual operational cash flow.

"On top of that there has been no mention of how the SVC has been set up, it could be that the 49% Chinese interest is collecting 49% of revenue while Kazera front all costs... might be 50/50, but the SVC wardrobe can hide a catalogue of skeletons. Kazera have complete control of the mine, but the SVC controls sales."

Bitter experience (the story behind my 27k of remaining shares in IRON) has taught me to be very wary of Chinese bearing gifts of cash, especially when it involves commodities in Africa.

[al101uk] 22/7/2022 14:21

Kazera looks like a disapointment to me, I was always under the impression that the Tantalum mine was the crown jewels and all the other stuff was effectively being done in order to get production started there.

Align have come up with an estimated $3 million of revenue after investment money has been spent from the combined Tantalum and Lithium product (Kazeras share only). Obviously there are production costs, transport costs (by air) and central costs to take out, that to me equates to a best case of a small profit but nothing game changing. Align have used a 6x revenue figure to value the asset... it seems to me that much of the mining world can regularly be seen trading on an 8x earnings multiple or lower and swings in comodity prices can quickly cause issues with profitability.

On top of that there has been no mention of how the SVC has been set up, it could be that the 49% Chinese interest is collecting 49% of revenue while Kazera front all costs... might be 50/50, but the SVC wardrobe can hide a catalogue of skeletons. Kazera have complete control of the mine, but the SVC controls sales.

I was never convinced by their diamond acerage, I read that it was deemed non-commercial when they bought it, they've done well to extract any diamonds at all, but it's unlikely to bring in much more than production costs over time in my view.

The Heavy Mineral Sands are obviously where the next big story is, but with no license currently... this time next year Rodney.

Seems clear why GC walked away, it's a run as fast as you can to stay afloat type company with potential legal issues still lurking in the background.