Ironveld Share Discussion Threads

[aceuk] 11/1/2023 12:57

LADESIDE it's good to hear negative and positive - I've had some private cntact with Rec and have some idea what he's about - you might be surprised

[purchaseatthetop] 11/1/2023 12:56

Al101. The 21/12/22 RNS simply says that “all material” items have been signed and completed but also says that the timing of the transaction completion has no impact etc. To me that means it is not completed. And we know with IRON that RNSs are very opaque. Like with Grosvenor.

[ladeside] 11/1/2023 12:50

Speaking of RS, he's rather conspicuous in his absence.

I think that more or less confirms what we all thought about him as he's generally been posting every 10 mins when things were looking bad.

No doubt he'll appear back at the first sign of a drop and give it some nonsense about "the informed will have sold and battened down the hatches while the ill informed have bought into the rise and helped the smart investors depart"

Maybe I'll take up this de-ramping lark, it's really not all that difficult.....

[al101uk] 10/1/2023 21:54

Purchase,

"21/12/22 RNS says furnaces deal not completed."

Sorry, can't find that quote, happy for you to point me to it.

All I can see is that the documents that needed finalising (the debt terms) as of the previous RNS had been signed, which as far as we are aware was the final stage of completing on the smelter. If you know otherwise, please elaborate.

If I remember correctly even RS concluded the deal was done, so I think your view may be a minority of one.

[iceagefarmer] 10/1/2023 20:34

yes its always a good sign to buy when purchase says sell

[theaccountant2] 10/1/2023 20:18

Oh yes Purchase at the top who advised all to buy ENET at 50p, STX at 30p and also Bushveld at 10p.If Purchase at the Top says sell its a buy and vice verca!

[iceagefarmer] 10/1/2023 19:00

think i'm going to buy alot more tomoro...all the planets are aligning and this could be an opportunity of a lifetime

[iceagefarmer] 10/1/2023 18:58

Chinese Vanadium Pentoxide Flake Prices Up
BEIJING (Asian Metal) 10 Jan 23 – Due to the demand increase in vanadium batteries, as well as the economic recovery, most buyers hold optimistic mentality for the moment and they prefer to build inventory before the Spring Festival Holidays. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB128,000-130,000/t (USD8.7-8.9/lb V2O5) EXW D/P, up by about RMB2,000/t (USD0.1/lb V2O5) from middle last week. Considering that most suppliers prefer to hold back from selling and the tight supply in spot market continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move up further in the coming week.

Please visit more information hxxps://www.asianmetal.com/news/1894002/Chinese-vanadium-pentoxide-flake-prices-up/14

[purchaseatthetop] 10/1/2023 18:32

Al.
21/12/22 RNS says furnaces deal not completed.
My point is that they do not presently own the furnaces, provide the ore or actually do anything. The Grosvenor RNSs show that nothing can be trusted.

[rp independent traders gb] 10/1/2023 18:30

Ai , thanks, I was going to respond same, but not as informative as yourself. Peace bros and hoes ! Lol

[al101uk] 10/1/2023 18:23

purchasethetop,

Not sure where your getting your information?

The furnace deal completed.

The company stated they would be mining during December.

The picture on Twitter looks more than 1kg of iron to me and even if the picture shows all of the iron produced it's irrlevant as the proof of concept and the purity of the product being "as expected" are the important things.

As for the "electricity that they rent" bit, I think that's just a bizzare addition to make a bad point.

Ladeside is absolutely right in his assesment, this is at the very least a positive confirmation that the company is moving forward. There is still a lot of risk, the company needs money and the amount is hotly debated, I still think it will be towards the lower end of RS's range... so around the £4 million mark. RS has a mid point of 6 and Ladeside reckons they'll get away with £2.

The differences are all attributable to working capital, RS thinks they need 12 months working capital, I think they can get away with less, Ladeside thinks the capex spend is all that's required.

I firmly believe GC still hates debt and will fund the additional capital through equity, either via Grosvenor or a placing. Almost certainly the latter in my view, but a higher share price will help reign in the dilution.

[ladeside] 10/1/2023 17:34

It's all about balance here, we've already all agreed that there's every chance we'll have another placing as we know from the company themselves that we require around an additional £2 Million for the required gear to produce the HPI powder.

What is in doubt is whether it's definitely going to be a placing or whether they'll attract funding from an exterior source ? If it's a placing then today's News and subsequent rise can only be perceived as a positive as it should hopefully ensure a better price.

Irrespective, it cannot be denied by anyone that the company is at long last moving forward and once all the infrastructure is in place and we're generating revenue, then Yes, the chance of us being taken out for a decent premium increases dramatically !!

[iceagefarmer] 10/1/2023 16:10

he's 70 years old

Business career
Clarke began his career as an investment banker with Credit Suisse First Boston. In 1981 he bought from receivership the assets of what was to become Majestic Wine,[4] where, as chairman, he built it into a UK national chain. From August 1987 to May 1988, Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona.[5] Following disposal of the US based businesses, he sold the UK plc business of Majestic Wines for £15 million in 1989.

In 1990, Clarke founded Pet City, where, as CEO, he built it into a chain of 94 stores (also dressing up at Christmas in the Swindon Store). After making the business public in 1995, he sold the business for £150 million in 1996 to US based PetsMart.[6] In 1998, Clarke founded Safestore, building it into the UK's third largest self storage company, selling it to Bridgepoint Capital for £44million in August 2003.[7] In 1999 Mr Clarke became CEO of Stepstone,[8] an online career portal. Since he came on board, the company has raised NKr1.8bn ($197m) from the IPO in 2000 and grew from four countries and 200 employees to a staff of 1,385 in 18 countries.

Clarke is currently chairman and controlling shareholder, via his company Westleigh Investments

[iceagefarmer] 10/1/2023 16:06

Giles always likes to sell on his companies having done the ground work and he isnt getting any younger so expect a bid shortly for the company which will be multiples of the market cap...when i see 'transformational' in a rns its always a strong buy indicator...never fails

[aceuk] 10/1/2023 16:03

It's a bit crackers to go wild on this event. It's just a tiny step, thankfully forwards, on a very long journey :-)

[purchaseatthetop] 10/1/2023 15:41

Ladeside. That RNS is a pumping RNS. Just my view. There have been enough in the past to justify a certain amount of cynicism!

[purchaseatthetop] 10/1/2023 15:26

Let me understand this. Using a furnace that IRON do not own, and ore that IRON do not mine, with electricity that they rent, smelting what maybe 1kg of raw iron. with insufficient cash to produce any of the above, this is going to multibag? Yes. Right.

[ladeside] 10/1/2023 15:12

The company will need to clear up the funding shortfall before we can REALLY rise.

As we stand right now we are looking good but if we want to market our HPI powder then we're going to need to raise at least another £2 Million for the required equipment or alternatively the funding will need to come from elsewhere (such as the much talked about Grosvenor).

It's still very early days but the newsflow should now be regular as we ramp up production and it could indeed be very exciting times ahead....

[z1co] 10/1/2023 14:47

Looking at the chart if the share price breaks 0.40p with this run,then the next resistance is 0.70p.

[tomboyb] 10/1/2023 14:26

Could rise to 0.40p+ -





Once the three furnaces are operational, the complex will have a processing capacity of 40 000 t/y of magnetite ore, which, in turn, will lead to the production of about 20 000 t/y of HPI, 190 t/y of vanadium in slag and 3 800 t/y of titanium in slag.

Ironveld’s mine is based in the Bushveld Complex, in South Africa’s Limpopo province. The project holds 1.6-billion pounds of vanadium, 32-million tons of HPI in situ and nine-million tonnes of titanium.

[z1co] 10/1/2023 14:24

New high for the day on strong buying momentum.

[iceagefarmer] 10/1/2023 14:21

massive buying now...happy days imminent

[ladeside] 10/1/2023 13:37

It's good News whatever way anyone tries to dress it up and of course if we are to have a placing then it's better to do it from a position of strength to get it away at as high a price as possible.

As Al says above, the main questions have been answered in as much as the Smelter is now operational and the grades we have are confirmed as marketable, after this we have confirmation that ALL 3 smelters will be brought online and are expected to be in production by April 2023 (3 months from now).

It's all good.....