Ironveld Share Discussion Threads

[pcla] 14/11/2013 19:38

Underhill, I entered just before agm at an average of 10p :-(. Also have a much bigger holding in amer, but I am sure these will go up in the long term like amer has and I hope will do even more.

[29howard] 14/11/2013 10:30

Something going on, buyers going mad for this right now, maybe they see value,
last time I looked in it was 15-18p

[underhill2] 14/11/2013 09:24

Annie38

Just topped up my holding. Like Amerisur this share is a good long term hold especially after the recent 50% drop in the share price. I think this share is a bargain at 9p to buy.
Thats just my opinion of course

[typhoon] 14/11/2013 09:23

Drifting not because of the share's potential but because of the timeline of news is my take...some buys coming in early on though

[annie38] 14/11/2013 08:27

888 mmmmm. worth a punt ?

[valentine] 13/11/2013 16:34

I often believe the mm's manipulate the share price to let a biggie in..so where is it? Bought more earlier in the week..mug eh? How did this hit 20p? Wwhhassup?

C'mon Mr Big..GC's rep on the line.

[bigwavedave] 13/11/2013 15:30

It's turned out ploppy again. Is it just a boredom slide, options kiss or death, or a response to proposals by SA govt? None of the above? No idea, personally.

[annie38] 13/11/2013 08:48

Thanks for that Al.

[al101uk] 12/11/2013 16:20

annie38,

This might be of help, I posted it previously:

hxxp://www.iol.co.za/business/news/mines-ministry-relaxes-rules-on-beneficiation-1.1596682#.UoJVJPnxpbd

[valentine] 12/11/2013 08:25

Not entirely sure. GC is well connected in SA. and yes he will not give anything over easily. I'll read it again but a few holes in it. Is it historically based. All projects across board or before a certain date or..But, We have so much I can live with 80%. If they do take 20% there will be provisos for sure, tax revisions/benefits if I know GC.

[annie38] 11/11/2013 16:18

Val: What do you make of the above ? Personally I doubt very much if G.C. would get involved with such a project if he had any doubts about it getting to production.

[valentine] 08/11/2013 07:10

GC NH and Cox granted 600k x 3 in options @ 1p each. Nice! Let's see some reason for the magnanimity now.

[annie38] 06/11/2013 18:00

By Mike Cohen
Nov. 6 (Bloomberg) -- Amendments to South Africa's mining
and oil laws to ensure the country benefits more from its
natural resources need refinement and won't be adopted until
next year, Faith Bikani, the acting chairwoman of Parliament's
mineral resources committee said.
Proposed changes to the 2002 Mineral and Petroleum
Resources Development Act include giving the state the right to
a free 20 percent stake in all new energy ventures as well as
compelling some mining companies to sell part of their output to
local processors. Miners Anglo American Plc and BHP Billiton
Ltd. have said the measures will hurt business, discourage
investment and may violate South Africa's constitution and its
international trade obligations.
"We would have loved to pass the bill before the end of
this year but Parliament is adjourning next week and with a lot
of work left to deliberate on, it's not going to be possible,"
Bikani, a ruling African National Congress lawmaker, told
reporters in Cape Town today. "We also have to take into
account the fact that we don't want any legal challenges when we
are done with it."
South Africa is the continent's largest coal and gold
producer and the world's biggest supplier of platinum and
chrome. With elections due next year, the government is pressing
the mining industry to do more to help reduce a 24.7 percent
unemployment rate.

Development Imperatives

The revised law proposes giving the mines minister the
right "to designate any mineral, mineral products or form of
petroleum for local beneficiation," and decide what percentage
must be made available to processors after taking into account
"national developmental imperatives."
It would also compel energy companies to cede 20 percent of
all new oil and gas ventures to the state, which will have the
right to buy a further 30 percent at market-related prices. A
proposed change to the law introduced at a committee hearing
today would give the state the option to enter into output-
sharing agreements with oil companies.
There was a lack of clarity about how the new provision
would work, said Hendrik Schmidt, a lawmaker with the opposition
Democratic Alliance.
"The concern that has still not been addressed is once
that agreement has been concluded for a 20 percent free carried
interest, what is the issue with regards to the cost in
generating the revenue to which the state is entitled," he said
in an interview.
Oil Imports

South Africa imports about 70 percent of its oil needs,

processing the remainder of its fuels from coal and gas. The
country had proven oil reserves of 15 million barrels in January
2011, located to the south and off the west coast near the
Namibian border, according to Oil & Gas Journal. While Irving,
Texas-based Exxon Mobil Corp. and Royal Dutch Shell Plc in The
Hague have stakes in offshore blocks, extraction is yet to take
off.
"We are not done yet going through the details," Bikani
said. "There are quite a lot of changes that we need to take
into consideration. We need to go back and do some research.
Some of the definitions and objectives in the bill need to be
defined more clearly."

[valentine] 05/11/2013 15:54

Ironveld is now on D*scussthem*arket dot come finally.

[valentine] 05/11/2013 15:05

They took their time..must've had lunch before popping down to Co house.

Ironveld has confirmed that all resolutions proposed at its annual general meeting earlier today (5 November) were duly passed.

[tommygriff] 05/11/2013 10:26

first mention of the SA grants in the RNS. 12MW smelter in production by march 2015.

Samples of material with large steel companies for testing.

All going to plan

[sabre6] 05/11/2013 10:21

AGM
All seams ok.
GC will elaborate later today.
Agree share price should now start to recover.

[valentine] 05/11/2013 10:08

AGM must be nearly over then given the expected turnout? 'All resolutions passed' annoucement by mid-day,if not before?

[ladeside] 04/11/2013 15:51

Yes, agreed Bas. Everything with Iron appears to follow the same lines as AMER, so using the form guide I would expect an update in the morning.

I still don't believe that the drop was related to the SA Govt article as that particular news had been in the public domain for weeks. I'd go along with val's theory that a distressed Insti was selling down both AMER & IRON to raise cash.

Also, going by today's price action, it looks like they may have finished, which should hopefully signal a rise back to the 13 - 14 levels at least.

But, as you often say wtfdik !!!

[bigbas] 04/11/2013 15:31

Well I am hoping for an RNS in the morning as a means to providing an ops update

[valentine] 04/11/2013 14:38

Maybe he will? If as Bas suggests, he is away on business he may come back soon with a few assurances.

[ladeside] 04/11/2013 14:33

Yip val, it looks like the seller may be cleared for the time being as the buying pressure is starting to move us up again.

Will Uncle Giles have a pre-AGM treat for us in the morning ??

[valentine] 04/11/2013 14:08

Dly'd trades..someone getting interested again?

[bigbas] 03/11/2013 13:39

I guess thats a "NO" then. I emailed Nick the other day and he said that the AGM is just a formality and they consider it a waste of time and resouces to fly the CEO over to the UK for the AGM when historically it has been poorly attended ( 1 person last year). Must confess I tend to agree - would prefewr our man to be working on the ground until we start to get a bit more interesting - maybe next year