Ironveld Share Discussion Threads

[rec0very stock] 07/12/2022 16:19

I also think there is a bit of a generic lesson in doing well up to and including 2019 and then doing badly since.

Covid / lockdowns was the first strategic blow, now we have energy crisis, soaring inflation and soaring interest rates hitting nearly every company, but the hardest hit will be those that are not cash generative at PLC level and are therefore reliant on being able to print and sell more shares for their survival. There has been a significant change in market sentiment towards such companies, which is a double blow as the former means they need even more cash than they may have thought and the latter that they are less likely to get it. The end result is more 0ps or as Warren Buffett put it:

"Only when the tide goes out do you discover who's been swimming naked."

GC is a skinny dipper extraordinaire!

[rec0very stock] 07/12/2022 16:07

I think you summed it up almost perfectly with:

"You could argue that he's someone in the know, so this is a good sign. But then you remember John Wardle and think maybe it's not such a big advantage to have GC's ear"

I would make the minor amendment that it's not such a big advantage for GC to have your ear"

When "Looks to me like someone who made a bit in 2019 and has since lost most of it on less than great AIM speculation."

[aceuk] 07/12/2022 11:46

Okay, I'll meet you in the middle, D- 🙂

[al101uk] 07/12/2022 10:42

At least a D Ace...

He's a guy who made (at least) a million quid running an investment company who spent a decade specialising in the lower reaches of AIM, he's close to management and yet has stumped up for over 3% of the company. As he's part of the in-crowd I'd say his holding is probably held tighter than most so that's 3% of the free float we probably don't have to worry about.

What's not to like ;-)

[aceuk] 07/12/2022 10:07

Òh dear, another F- 🤪

[iceagefarmer] 07/12/2022 07:29

i noticed align research have sold a big chunk in ascent resources..wonder where that money is going?

[rec0very stock] 07/12/2022 07:15

I wonder who sold to him - he clearly did not buy in the market. Maybe there will be a TR1 from a major holder who has sold them to Mike, but more likely some below notifiables who took part in the placing have asked TPI to place their shares out and Mike was the muppet they found.

The good news is that potentially there may only be 1Bn shares from the placing still waiting to be sold on the bid getting above 0.3p.

Obviously none of this changes the facts that IRON still does not own the smelter it has been refurbishing and it still has a massive black hole in its cashflow forecasts.

[iceagefarmer] 07/12/2022 06:53

another city loser by the looks of it

[al101uk] 06/12/2022 22:58

Oh, Toople is a 0p as of 16th Nov... oops!



He was on the major shareholder list:

[al101uk] 06/12/2022 22:41

Not a stellar record if this is the guy:



Eastinco also a complete disaster.

Darwin Strategic Ltd lasted from 2009 to 2019 and was an Alternative Investment Fund investing in AIM companies that were doing placings "only available to institutions". Alexander Snow was a director there at the beginning.

Their accounts claim they were ready for worldwide rollout in 2017, but they liquidated in 2019, there was a million quid of assets that look like they were taken out of the business before they wrapped it up, doesn't look forced.

To much research for someone who's taken a 3% stake, I'm just bored.

You could argue that he's someone in the know, so this is a good sign. But then you remember John Wardle and think maybe it's not such a big advantage to have GC's ear.

Looks to me like someone who made a bit in 2019 and has since lost most of it on less than great AIM speculation.

[tommygriff] 06/12/2022 19:01

Also his brother or brother in law was the owner of the pubs that barkby acquired to start them off

[tommygriff] 06/12/2022 19:00

Interesting looks to be an ex colleague of Alex Snow! Ex evolution and ex Amerisur

[aceuk] 06/12/2022 17:24

Looks like his company, Darwin Strategic Ltd was struck off 3 years ago, oh golly, this could be fun!

[aceuk] 06/12/2022 17:11

I'm sure you'll like Mike Staten ;-)

[ladeside] 06/12/2022 17:07

Interesting development.

Watch this space.......

[aceuk] 02/12/2022 19:47

Late tweet today stating resources are available ;-)

[al101uk] 01/12/2022 14:11

Took me long enough to find one emoji, I'm normally old school :-)

[aceuk] 30/11/2022 19:36

That's a bit of a limited giggle, I'm sure we can be more raucous 🥳🤣🤣🤣9315;🤣

[rec0very stock] 30/11/2022 17:06

Yes I also have my list of names, which if they are involved / have been involved in the past, it is an instant No from me. It saves a lot of wasted research time. I added GC and NH to the list on the escalator down into Liverpool Street station on 12th Aug.