Ironveld Share Discussion Threads

[ladeside] 01/8/2022 16:59

Yes, your 0.25 prediction looks like coming true. Only an issue to those selling though.

[scepticalinvestor] 01/8/2022 16:52

It just confirms your ignorance? Or perhaps stupidity? No disrespect but if you have made a killing in penny shares after 3 years (nevermind 20), you shld probably look to the geegees ;)

[rec0very stock] 01/8/2022 16:48

0.26 Vs a predicition of 0.25 and a 19m sell at the close.

Close or not close enough?

Have I learned something from playing this game for 20 years or am I just a stopped clock that is right (or nearly right) twice a day?

Make your own decision on that, but more importantly make your own investing decisions.

[ladeside] 01/8/2022 16:30

On a happier note, with the placing secured at 0.30 and assuming the bargain deal with the smelter completes, then we're actually in a pretty good position and the idiotic share price of today will soon be seen as bargain of the century.

The carry on with Align is causing uncertainty and a bit of a sideshow but is merely deflecting focus from the prize, so once all that nonsense is put to bed (one way or another) then we should have a pretty decent re-rate....

[ladeside] 01/8/2022 16:19

Align are coming across as completely amateurish and very childish, in fact it's actually becoming more and more embarrassing / cringe worthy by the minute !!

I believe RJ / Align need to take a step back from this and evaluate the current situation without letting their emotions take control as opposed to digging the hole deeper for both themselves and the rest of the shareholders.

Unfortunately it appears to have become completely personal, which is good for nobody concerned.....

[hedgehog 100] 01/8/2022 16:16

He can't be that stupid to have established a successful and influential business.

And most successful people have a big ego, which can be a driving force to achieve success.

As regards being arrogant: well, as Morrissey once said, it's only people who don't like you who call you arrogant; people who like you say how wonderfully self-confident you are.

[rec0very stock] 01/8/2022 16:16

What do people think would be the outcome for shareholders in this entirely hypothetical scenario:

Shares are suspended, 2nd tranche of placing is put on hold / cancelled (1st tranche has been admitted) whilst a year long regulatory investigation takes place into everything that has gone on here?

[rec0very stock] 01/8/2022 15:50

Indeed, but that is because he has a massive ego, is arrogant AND stupid.

We don't know where we would have been now had he continued to work behind the scenes and not gone public when and in the way he did. Ie do what he said he would do at an APPROPRIATE time. I am 100% certain all shareholders would be better off than they are now.

I have said it plenty of times before but will say it again: Both GC and RJ have behaved exactly as their characters would predict they would behave in this circumstance - there has been a lot of very useful adult discussion on that on this BB. NOBODY should be in anyway surprised by how things have gone and continue to go. Suck it up or vote with your feet - those are the 2 options for shareholders.

[hedgehog 100] 01/8/2022 15:48

But obviously he doesn't think that he is sabotaging it.

He believes that he was proposing better options to help IRON.

[rec0very stock] 01/8/2022 15:37

Rec0very Stock29 Jul '22 - 15:20 - 6722 of 6757 Edit
0 0 0
Last chance to enter the guess the share of the vote competition

tima is 75/25 for 1 Aug and 16/84 for 12 Aug

patt is 73/27 and 27/73

I am 69/31 and 31/69

It would seem we all think the special on 1st to allow shares to be issued on exercise of the Broker Warrants could be blocked (a pyrrhic victory for RJ); the placing will go through and neither GC or ME will be sacked

Anyone else want to have a go? Remember the prize for whoever gets closest is 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).

On that last point my guess is at close on Mon the bid price will be 0.25p ie below the placing price.

So we may have to hold off on awarding the first stage points to tima to see if RJ can get the numbers published.

I also need to suck back on "now the smelter aquisition will almost certainly go through" as RJ could still screw that up too.

Still time to go to see if bid hits the 0.25p prediction, but it is already below the placing price and seems unlikely to rally before close, but we shall see.

Enjoy the roller coaster ride - I am.

[rec0very stock] 01/8/2022 15:21

tima,

So you might not have won the guess the share of the vote competition after all. RJ is still after his pyrrhic vitory on the special - how much more damage is he going to do to serve his ego?

[rec0very stock] 01/8/2022 15:20

LADESIDE,

DYOR on the landowners - I have seen plenty of the gripes over the years, you must be able to find them too, if you want to look. Otherwise believe what you want to believe and hear what you want to hear - it's your money and your investing decision and you only have yourself to hold responsible for what happens.

[rec0very stock] 01/8/2022 15:14

We don't have a parallel universe to know what would have happened had RJ done what he said he would:

I reserve the right to publish this email in full at the APPROPRIATE time should you proceed ahead with the discounted raise and as part of the GM statement I will make reference you and Clarke being removed from the company.

instead of throwing his toys out of the cot at completely the wrong time. So if you want to believe it would have been 0.3p anyway and want to continue following tips from someone who not only fails to do proper research, but then sabotages the companies he does tip (talking his own book), then good luck to you. IMHO RJ has a massive ego is arrogant AND stupid and the only person whose word I would trust less than GC/ME's is RJs.

The key question remains: Why remain a shareholder in a company that behaves in the way this one does and which still has a significant (even after 50% dilution), but arrogant AND stupid, shareholder sabottaging it to serve his own ego?

[tima441] 01/8/2022 15:13

See Align response & statement

Oh dear... what a waste of time & money

[tima441] 01/8/2022 15:11

Whatever the history of delays & low placing price etc we must look forward. Sensible thing would be for @AlignResearch to simply withdraw requisition GM. Added shs ensure BoD will continue. Not sure if emotions have taken over from common sense? Let's build co to prod! #IRON

[purchaseatthetop] 01/8/2022 15:01

The question to me is whether the BoD did their DD on Grosvenor offer or not. Either they were scheming or not. If not, then they are incompetent. If yes, then this was a trap for Align. I struggle to see how any BoD would be able to release the October 21 RNS without clear view of the money.

[hedgehog 100] 01/8/2022 14:58

But how is it Align's fault if the share price fall would have happened anyway?

[ladeside] 01/8/2022 14:52

The point is though that it IS Align's fault because of what they did and the timing of what they did.

I can only assume that they've read the whole situation wrong in terms of shareholders support ??

What will be their next step is also intriguing,

Do they sell out as soon as they can and attempt to cut their losses ?

Do they wait it out and sell into a spike if and when the smelter acquisition completes ?

Do they continue to snipe from the sidelines and disrupt their own and everyone else's investment ??

Who knows ???

[hedgehog 100] 01/8/2022 14:26

Recovery Stock,

None of your points mean that there wouldn't have been a big 0.3p placing anyway, in which case the share price would likely have fallen to that level, in current markets.

The book-building was taking place on the basis of a placing at a much lower s.p.

The term "oversubscribed" can be a bit of a misnomer: it doesn't necessarily mean that investors will be fighting for more at higher s.p.s.

If you think that it could have been higher, that's just speculation on your part.

I don't think it would have been.

But even if it could have been at say 0.35p rather than 0.3p, the vast majority of the share price fall would still not be Align's fault.

[ladeside] 01/8/2022 14:15

Again, I'll confirm that I've heard or read NOTHING about an issue with Landowners in the 10+ years that I've been invested here.

There is one unknown bloke who posts the odd tweet about being screwed over by Ironveld, however we don't even know if he exists and if he does I'm pretty sure he poses little to no threat to the commencement of the project as planned.

If that's the best remaining negative that you can come up with then I'd suggest that you need to try MUCH much harder....

[rec0very stock] 01/8/2022 14:03

There are landowners who need to be dealt with "The prospecting rights cover seven adjacent farms totalling 165 square kilometres"- that is a fact. There are tweets from some who are not happy - that is another fact. What you make of those facts is part of your own risk / reward balance assessment.

[ladeside] 01/8/2022 14:03

I totally agree with your other points relating to RJ and the placing price.

The irony is that RJ has actually done GC and his hangers on a huge service by getting the placing price of 0.3 away.

It's funny, but a real cynic could actually wonder if the whole "spat" was carefully choreographed by the parties involved to play out exactly as it has done.....

[ladeside] 01/8/2022 13:58

I've still not heard ANYONE mention landowners or a "problem with the landowners" apart from yourself, do you know this to be a fact or have you just assumed there's landowners armed with pitchforks looking for a bit of bother ???

[rec0very stock] 01/8/2022 13:46

The fact that the book build was well underway without much happening to the share price and the fact that the placing was ultimately oversubscribed at 0.3p makes it clear that had RJ not done what he did ie put in a requisition for a sack the BoD GM which had to be responded to (vexatious according to the company) AND publically tell everyone how big the placing was (£5m), that it was discounted (from 0.7p at the time) and that exisitng shareholders would be toast, the placing and broker option and broker warrants and the price the BoD converted their loans at would have been much more than 0.3p.

The share price chart says it all - on the day the company had to release an RNS it would ordinarily not have had to release, but for RJ, and RJ went fully public on his own site, the share price fell off a cliff - that is a cause and effect not a coincidence. If shareholders would have been toast had RJ kept his mouth shut, they are burnt to a crisp now because RJ opened his mouth.

The next and most pressing hurdle the company needs to get over, now the smelter aquisition will almost certainly go through, is dealing with the landowners. It would appear GC and ME have, to now, treated them with the same contempt they have treated shareholders.