Ironveld Share Discussion Threads

[rec0very stock] 06/8/2022 14:55

Avoiding defamation.

[purchaseatthetop] 06/8/2022 08:45

Really you can assume nothing about what has been checked and what DD has been done by IRON when they cannot even check if Grosvenor has any money or not!

[al101uk] 06/8/2022 01:10

If I wanted to gamble my money at this point, that's how I'd play it RS. Set my expectations upfront based on management forecasts made today and be very wary if my expectations showed any sign of not being met. That's exactly how I played the Grosevenor deal.

My plan right now is to wait. I'll follow along as the money hits the bank and the work starts... if things look like they are going to plan and promises are being met I might chance a few quid again at some point... very small, with the intention of increasing as my confidence grows.

I'm with Ladeside on the potential re-rating should the 7.5MW smelter actually produce something they can sell. I think the asset becomes a lot more valuable with proof of concept production and a breakeven company... profitable would be even better. The company becomes a sellable asset at that point.

There are historical offtake agreement RNS's for all of their products, I'm not sure how many of them remain relevant.

In the info dump I posted the local interest information, with each of the farms being represented and having a stake via BBBEE if I remember correctly. I'm not saying all of them are perfectly happy, but locals trying to hold a company to ransom is also a thing... and it could easily all come to nothing. I wouldn't really put too much weight on it until there is a legal challenge and Ironveld have been in the area for a long time without any sign of that happening.

[al101uk] 06/8/2022 00:39

"RJ does not look like selling and, if the balance sheet can absorb any more damage, he might buy more."


Ermmmm...

R S & C A JENNINGS

Resulting Situation 4.35%

Previous Notification 9.03%

From 3rd August, RNS'ed twice because the first notification was under Aligns name.

[rec0very stock] 05/8/2022 23:36

You might have already guessed but I'm an engineer by trade, I have not done much real engineering for years as it's mostly been management and, for my last job before retirement, I audit other people's management systems. It is interesting enough but not all that taxing when you know what to look for and I do most of it from home. I like figures and models. I like finding out how things work and more importantly why things don't work. I have given up on thinking I can fix the unfixable.

You are absolutely right, AIM is a casino that is totally reliant on the ordinary punters who walk through the door with dreams of making a fortune. The 10 baggers are there to keep that dream alive and feed the addiction. I refer back to my shareholder activism days a lot - I did quite a bit of BB keyboard warrior stuff, but I also did a lot more than that and found out how it really works and why it does not really work. There are former AIM CEOs, who I hope still wake up at night sweating - I have turned up to GMs after they have had the company's lawyers send me letters, that is how much of a coward I am. My interaction with RJ over PFP was a bit of BB tag teaming where I was on his side.

I said that there are a lot worse than GC. They are the ones who do do all the seemingly PI friendly stuff and do the occaisonal big enough to impress the PIs (about £20k) buys in the market, which have to be reported by RNS so everyone knows just how committed and great they are. But where did that money come from in the first place - the company. "I have done such a good job sucking in PIs this month I deserve a £20k bonus and I think I will buy some shares with it." Sounds really cynical, but I know of several specific case where that is 100% true. All the PI/IR fluff as I call it (what Align produces and calls research is just marginally better than PR/IR fluff - he is just repeating what he has been told, but in hs own egotistical way, Broker Notes from the company Broker are no better) - PIs love it all, no serious investor takes any of it seriously (they don't take the bottom end of AIM seriously at all, which is why it is a paradise for PI eating sharks). There is a standard pattern: push to the boundaries of allowable ambiguity in an RNS (don't actually lie - you're not supposed to omit important things like Grosvenor does not actually have any money either, but there is no real sanction from the regulators) and then do an unregulated PR/IR fluff piece where again you don't outright lie but just hint enough so any ambiguity is interpreted in the way you want it to be, which if you had just said it in plain English would be a lie, and then let the PIs on the BBs turn the lie into gospel truth and if anyone dares to question it they are called all the nasty names under the sun - even when the totally predictable placing then happens!

GC doesn't do that, he leaves what IRON does bother to do to ME. I don't get the impression GC does all that much at IRON, except pull ME's strings when he wants to. I would have to defer to Al on whether he did all that much more at AMER. At AMER and at IRON and probably everywhere else, he definately never rolls up his own sleeves to sort a problem when it arises. Except perhaps when it is a problem like RJ. It is my guess, but again I would defer to Al, that GC is taking a personal interest in that one.

[ladeside] 05/8/2022 19:32

It's a funny thing Recovery but GC always gives the impression that he doesn't really want PI's and would rather keep his companies to friends and family / city mates.

I know that it doesn't really make any sense but the contempt which he holds for the PI, his lack of transparency and updates etc all adds up to not being wanted, which makes listing stuff on AIM a bit strange really.

There's rarely any real publicity or boardroom ramping either (when compared to many others) but who knows what his game is ?

I suppose I'll just need to ride the wave when it inevitably comes and hope to jump off at exactly the right time before the Sharks appear....

[ladeside] 05/8/2022 17:02

Ok, fair enough, live and let live.

[rec0very stock] 05/8/2022 16:31

LADESIDE,

Why does it matter? You have your way of looking at things, I have mine and everyone else has their own. The BB is there for us to share and discuss them and take what we want from them.

As I have said, the hardest lesson is learning how to sell and cut losses if that is what you feel you should do. There are some ways that help to ease the emotional wrench, which have worked for me.

I agree with you, what will happen will happen and none of us know what it will be. I enjoy making falsyfiable predictions and seeing if I am right or wrong - you clearly don't, but at least you acknowledge when my predictions turn out about right, so thanks for that.

I use the spare time I have on things that interest me and I enjoy. I do have a large interest in another AIM microcap miner. Being able to compare and contrast between the AIM microcap miner I have a tiny stake in (thanks to rumbling the Grosvenor situation and selling over 1.2m months ago) and the one I still hold and have bought more in a placing - 12p with warrants at 18p (using some of what I got back from selling IRON) and in the market - 4.4p a few weeks after the placing (using income from my property portfolio) is most useful to me to check I am not lying to myself.

If you still suspect my motivation fine. But if you are not lying to yourself, why are you bothered if I am not being honest on here? If you are concerned others won't buy and that will depress the share price until there is some really hard evidence that the share price is undervalued, then surely that is a good thing for any averaging down you decide you want to do. Or are you hoping I will go away and you can suck others into buying so you can get out? That really does not sound like you at all. That is more like iceagefarmer who is so transparent he is also quite entertaining, but unlike you, totally incapabale of adult discussion so not worth engaging with at all.

[ladeside] 05/8/2022 16:07

Yes, I'm a glutton for punishment LR2.

Recovery, I've told you before, I just don't trust you or your agenda and really can't fathom it.

Using AL as an example, he's pretty negative and confirms he's no longer invested but he's honest and balanced while still being openly negative on the future. That's fine and I totally respect him for it, however you seem to be going to great lengths to discourage people from investing and those who have invested are both mocked and given great encouragement to sell / get out as soon as possible.

As I say, I just don't understand your motivation given the amount of time that you spend on here and the research that you quite obviously put in.

For someone with supposedly no real agenda, it just doesn't make sense or ring true I'm afraid....

[rec0very stock] 05/8/2022 14:49

Why does what I post bother you at all LADESIDE when I find what you post most entertaining? You are a capacitous adult, you can make your own decisions - I have never suggested anything else. It's just that whenever I hold a mirror up to you, you become very agitated, which sugests that you are not quite as comfortable as you claim to be. Anyone can lie all they like on a BB (I'm not, but you can decide that I am if you want), but you seem to be lying to yourself and desperate not to be forced to realise it.

[lr2] 05/8/2022 14:37

Ladeside, I remember you from the AMER board but I'm surprised to find you here nevertheless. I'd have thought you'd have steered well clear of Giles Clarke after Amerisur. I took an early dislike to the weasel and departed AMER long before the derisory takeover offer. Anyway, something dragged me this way recently and it would appear that GC has not changed his ways. Best of luck to holders here, I think you are going to need it.

[ladeside] 05/8/2022 13:52

Yes, I wouldn't disagree with that Al.

I have my blue chips and my sharesave which are all pretty safe (on paper) investments and I'm quite happy with my pension provisions so basically the cash I have invested (using the term loosely) in Ironveld (and a couple of other AIM dogs) is basically gambling money where my eyes are wide open as to what can and may happen.

After all, we all need a little bit of fun and excitement in our lives, hence the incessant preaching is starting to really grate on me !!

[malcolmmm] 05/8/2022 13:51

I hope all holders make money and perhaps you will but it needs to run by someone who actually wants and has the finances to do so

[rec0very stock] 05/8/2022 13:31

I will enjoy my own rides however I choose to enjoy them. If you are not enjoying the ride along with everyone else get off the ride.

Capiche ???

[al101uk] 05/8/2022 13:30

I have 2 out of about 14 shares in my portfolio that are AIM listed at the moment, neither of them are in the energy/mining sectors. One is a £2 billion market cap company that is dual listed on the NYSE, so hardly counts. The other is the biggest loser (by far) in my portfolio.

[ladeside] 05/8/2022 13:01

I'm only interested in making money, I don't care how it's done or where it's done, so just give yourself a break.

Like the rest of us I much prefer watching the Group 1 thoroughbred carrying my cash at Newmarket or Ascot but by the same token I can win more from a class 6 claimer on a Tuesday Afternoon at Ripon.

It matters not.

I've told you a thousand times that things could go REALLY wrong here, however I'm happy enough with my average and my current risk / reward so kindly give it a rest as we've heard it all a million times before from you (especially over the past month) and you aren't going to entice me or anyone else with half a brain to cash up at 0.30.

Capiche ???

[malcolmmm] 05/8/2022 12:46

Lets face it, its a sh*t company that has never produced anything , run by a bunch of sh+ts, so why invest? crazy