Ironveld Share Discussion Threads

[ladeside] 02/3/2023 17:48

Premier Miton just purchased 8% of the stock which has got to be another major positive as obviously on the radar of the funds now as well.

Hopefully we stay away from the big jumps as we don't want to attract the day trading twitter brigade, a nice 3% to 5% a day for the next couple of weeks will do just nicely and before you know it we'll be back to the 0.70 range when we get the News about the smelters all coming online and running at full capacity.

Some more meat on the bones of the JV wouldn't go amiss either with the potential income / profit being a must.

Who knows, maybe GC will even have a wee surprise for us (in a positive respect) !!!

[iceagefarmer] 01/3/2023 22:49

some bint called abby just out of uni..what d'ya expect

[ladeside] 01/3/2023 22:17

Someone has an issue with basic arithmetic it would seem !!!

Ironveld PLC - South Africa-focused exploration and development company - Non-Executive Director John Wardle buys 50.0 million shares in the company at a price of 0.3150 pence per share for a total of GBP15.8 million on Tuesday. Says Wardle holds a 9.1% stake in the company following this transaction.

Current stock price: 0.34 pence

12-month change: down 66%

By Abby Amoakuh, Alliance News reporter

Comments and questions to [e-mail]

[bigwavedave] 01/3/2023 20:51

Moneylender - I'm ok, thank you. Like Dark Horse, I'll feel better if (when?) this gets to 1.5p-ish. Not inconceivable, imo, but a lot for Ironveld to do to get there, obvs. Nice to see Wardle averaging down in the meantime though!

[ladeside] 01/3/2023 19:33

Yip, not only did he rattle a few in the placing he's also just added another 50 Million at 31.5.

Not only does it shows great confidence when your board are investing heavily but it also safeguards against a low ball offer as he's holding over 9% of the stock.

Looks like a real breakout / re-rate is on the cards in the coming days....

[tomboyb] 01/3/2023 13:26

tough IRON -

[thedickster] 01/3/2023 12:13

Two more 50 mills now appeared on advfn, maybe rollovers

[thedickster] 01/3/2023 12:10

Bought in for the first time yesterday and this a.m. Nice volume recently and an IHS which says min .4 for starters. Sharescope has that 50 million trade as a buy post close on Tuesday, fwiw.

[ladeside] 01/3/2023 10:54

I'll be expecting a good chart from you soon TDH !!

[the dark horse] 01/3/2023 10:01

For a moment I thought i'd open the old Amer thread by mistake ;-)
Maybe we should have learned from those days that imminent means nothing and the time to buy is when a GC share is on its knees and they are dishing out options.
I too have averaged down, little choice really, and hopeful of an eventual sale at 1.5p to get me out .....
Good to see the old names are still keeping well
GLA
tdh

[moneylender] 01/3/2023 09:39

BWD how are you?

Thought I would join you and a few other golden oldies from the Amer days.
Iron ore not my strong point but am happy with my buy, actually showing a handsome
profit atm!!

[gardenboy] 01/3/2023 09:18

Moving now

[al101uk] 28/2/2023 21:59

I agree with Ladeside and bwd, upside is that the share price has been splattered by some pretty ridiculous decisions and events and so is at a very low base. The company appears to be moving forward now and assuming all is good you're in at a very low price and likely to win big.

The risks are:

1) The finalization of the smelter purchase (where I do allocate a small risk, unlike Ladside)

2) The funding for the HPI to HPIP conversion, where a model was published that shows the company won't be profitable until they spend an additional £2 million of capex on the conversion process. The recent placing doesn't cover this.

3) The timescale to profitability given that they are on a timer regarding payback of the debt to fund the smelter purchase. Ironveld aren't in a situation where they can sit on things for a year.

Point 2 is somewhat mitigated by the magnetite offtake deal, but with no numbers it's hard to say exactly how that changes things.

Point 3 may be mitigated by point 1 if the company haven't actually started the clock on the debt yet. In fact not finalizing the deal while carrying out all the refurb work could be a sneaky way to conserve cash and reach profitability earlier on in the debt repayment plan.

[bigwavedave] 28/2/2023 20:23

Hi ML,Good to see you here. I hope all's well. Ladeside and Al101 have a pretty good view of things, I'd say.You've probably timed your entry here pretty well as, at last, things appear to be moving in the right direction.As for the downsides, one would have to be the AMER-style interpretation of imminent/shortly/soon/in due course. We know what that means and I take all projections with a fist-full of salt.Also, obviously, is the unstable political/social scene in South Africa.I suppose the same was said about Colombia and JW did all right there, didn't he?I hold shares from ages ago - at a premium to today, unfortunately - but added a few at .3p with the more optimistic outlook.

[ladeside] 28/2/2023 18:18

Yip, will no doubt annoy a few but it's only 12 Million each over 3 years and option price is on a par / above the share price range for the past few months.

As you say though, the positive news should now begin to flow.

I mentioned it previously but I'm hoping this 0.3 level is the equivalent of the Chaco 2p days and things will now begin to turn and turn big style !!

[moneylender] 28/2/2023 17:26

More options at 0.3p for two directors.

Ducks linning up methinks

M

[ladeside] 28/2/2023 14:07

Cheers ML, Yes, my thoughts exactly.

[ladeside] 28/2/2023 12:33

AL speaks more sense than me ML as he's pretty detached from it all and also pretty fair I'd say, where as I have a vested interest of course !!

I don't know how much you've been following recently, but there was a total debacle around funding with a pretty dodgy mob called Grosvenor and the money never materialised despite it being "imminent" for days, weeks, and then months on end.

We all know the BOD, so was plain incompetence ? or was it calculated ??

There was then the very public spat between Jennings / Align and GC which ultimately caused the share price to crash by about 70% and for the subsequent placing to be at an extremely dilutive price which dragged us from a stable 0.80 - 1p trading range to a 0.27 - 0.30 trading range.

There's also the wording of our smelter purchase / ownership where we DO own it but we don't really from a 100% legal perspective as yet, due to there being "minor administrative items remaining to be completed" However, "The company continues to operate the smelter without interruption and LEGALLY benefits from the proceeds of ALL product sales".

Is GC an idiot who could be screwed over by something like this ? I think not.

The bottom line is that however it's painted we are materially undervalued. We have a newly refurbished smelter complex, an operational mine and offtake agreements all in place plus the added bonus of the recently announced JV for a by-product that we hadn't even used in any cash generating calculations. The capex for this is all being undertaken by the JV partner so absolutely no risk here and only upside.

My own thoughts are that GC will get everything operational, get the infrastructure fully in place and then I wouldn't be surprised to see a partial sale / farm out or even a full sale of the producing assets for a large premium.

As I say, the risk is virtually all negated now and hopefully in the words of YAZZ,

THE ONLY WAY IS UP......

[z1co] 28/2/2023 11:41

PATT

People like you who post bearishly are trying to scare the weak into selling their shares so the share price falls and those that's posts are of bullish nature hope that it rises by encouraging others to buy.

The share price reaction is suggesting that you're not doing very well.

[moneylender] 28/2/2023 11:38

Morning guys, little bit of life in this one today. Looks like
Ladeside is the ghuru here, tell me buddy I only dipped my toe in here cos JW is
in large and at much higher prices before recent placing. Couple of Q's for you

1. What are the downside risks here
2. Why will this 1 bag or 10 bag?

Be as brief as you like mate, its only a bit of fun really.

M

[al101uk] 28/2/2023 11:23

Ladeside,

You're spot on, you have to reset expectations as events unfold. The historical share price does not follow the company through to the next phase of it's development.

There are things you do have to consider though:

1. Managements integrity, ability and reputation does carry from the companies past and you have to factor that in to your calculation.

2. Your ability, psychologically, to reset from a buy price in double figures to a current price of less than a penny (for example) matters in your decision to continue investing.

I don't really have the second problem, so my risks revolve around the first.

You see the bears do two things quite a lot, they take the "integrity, ability and reputation" issue and conclude that the management are corrupt. Then they use their assumption to reframe every RNS as either bad news, a lie or that whatever management have promised will never be delivered.

I think it's better to read the RNS and look for the untold risks in that RNS, if good news hasn't been spelt out, don't assume it. I think that's where RS had his strengths although he certainly did some of the former as well.

[purchaseatthetop] 28/2/2023 11:01

None of my comments have any impact on the share price. To think that they would is arrogance beyond words.
Don’t you think that ownership of the smelters should have been completed by now? There is a risk that all this work is being done for nothing.

[z1co] 28/2/2023 10:16

Your bearish comments do NOT seem to be having any negative effect on the share price.Too much near term positive news flow is likely to drive the shares a lot higher