Ironveld Share Discussion Threads

[al101uk] 15/1/2014 22:26

bigwavedave,

To be honest, I had to remind myself too ;-)

[bigwavedave] 15/1/2014 16:20

bid/offer equal at 14.75. eh?

[6kenny] 15/1/2014 10:57

No probs boys....no offence intended...

[bigwavedave] 15/1/2014 10:44

al: great post #710. I'd gotten a little foggy on most of it. Good to be reminded.
To the BAO followers: I'm thoroughly baored already. Different companies, different threads.

[markthecarp] 15/1/2014 09:40

Please keep BAO comments on a thread where people are interested in them.

[al101uk] 15/1/2014 09:30

Wrong for all the reasons stated above.

[6kenny] 15/1/2014 09:25

calm down AL....all we are saying is that BAO more than likely represents better value for investors in the short term as it is valued the same as this minnow!

[al101uk] 15/1/2014 09:18

Pete,I already said that in a previous post and am quite happy to live and let live... Unfortunately the bao thread seems obsessed with ironveld and their rantings via 6kenny are spilling over here. Until bao arrived on this thread I had no knowledge or interest in them.

[pete_bain] 15/1/2014 09:09

Yes what you state is true at this moment in time but hopefully we can also agree that if both companies were to make it to production it is BAO who would be worth significantly more?I repeat again that I am not knocking IRON in anyway. I believe both companies are excellent speculative investments.

[al101uk] 15/1/2014 08:53

Trading at a premium for the reasons stated.

[pete_bain] 15/1/2014 08:26

As you say IRON is indeed trading at a premium and its trading price will fluctuate similarly to its peers. I think to make comment of how BAO traded at 54p and now 14p, though true, does not reflect how the base support level has risen over the same time frame.IRON like every stock will have its peaks and troughs too. I am not knocking this stock. Anyone who invested here historically has multi bagged and I believe both companies still offer useful returns in the longer term but currently IRON, in your own words, is trading at a premium to BAO. There may be peaks and troughs but the true market value of both companies shall be reached in due course.

[6kenny] 14/1/2014 22:29

Bao in production in 2016 and fully funded through its bfs....crazily cheap...

[tommygriff] 14/1/2014 22:27

Basically you get a discount due to fact bao's production is years away.Ironveld will be in production next year and have cash flow!!If bao was in production next year you would expect them to be 50p plus!

[6kenny] 14/1/2014 22:14

Not trying to scare anyone here but iron has one tenth the resource of baobab and like baobab years ago has rocketed on little more than hype....Bao went from 8-54p before retracing....


Iron has gone from 2p last December to 14p now...

Either iron is very over valued or Bao is very undervalued

[valentine] 14/1/2014 16:26

They like it at 14.25p..tempted..again.

[bigwavedave] 14/1/2014 16:23

TDDirect will take an online order to sell but not to buy. Odd? Has happened before with this share.

[sabre6] 14/1/2014 16:20

Iron fast approaching year high why?

[6kenny] 13/1/2014 21:32

Will do matey...

[brad44] 13/1/2014 21:09

when BAO comes good I will buy you a few beers or even a brewery depending upon how good it is..mind you, you will probably do alright out of a BAO rise yourself! take care mate!

[6kenny] 13/1/2014 21:00

Brad...

Sorry....that was meant to be posted on the CULT thread not here....I have typed over it as you can see!

[brad44] 13/1/2014 20:51

6K I think it was you or someone else on BAO who pointed these out to me, and I am eternally grateful, I've already made a tidy sum on these.

I hold both and I'm waiting for BAO to come good in the next 2-3 years. however I find nothing vomitus about this share?

[6kenny] 13/1/2014 19:57

Hi brad...

No probs....if you want an address to send me a cheque just let me know..... ;-)

[al101uk] 11/1/2014 23:05

Exactly my point, IRON has a road map to fully ramped up production & near term production potential to provide cash flow. They have a small well defined project that is relatively simple to cost.

Meanwhile Baobab have a project 10x the size (just using your number), along with several other potential joint venture projects to fund.

Neither of them have positive cash flow right now, but given the timescales to present, the scale involved and the number of projects, who do you think will be cash flow positive first and who do you think will need the least amount of money to get there?

If both are successful then no doubt BAO will deliver the largest financial reward to their shareholders, but you'll be waiting longer for that to happen and the risk that the company has spread itself to thinly are greater.

There are several reasons why I like Ironveld that do not apply to BAO:

1. The small defined project was absolutely key for me.
2. The management team are proven and I'm already a fan of their work on Amerisur
3. I've been here since inception and know the history.

BAO have a larger market cap than Ironveld, is it a fair reflection of the two companies in relative terms? I have no idea, but to be honest I'm content here and have no requirement to get involved in another non-producing AIM miner.

It's not all about who has the biggest chunk of metal in the ground, especially before either company has even completed their feasibility study.

[6kenny] 11/1/2014 22:13

It does take a bit longer to uncover a resource 10 times the size of IRON. Moz is a great place to be especially when your license block borders RIO Tinto and Vale.


South Africa mining sector is really prone to strikes.