Ironveld Share Discussion Threads

[broncowarrior] 28/6/2023 07:09

First income!

[ladeside] 24/6/2023 17:59

Not yet anyway !!

It seems the market is either looking for confirmation of sales / profit margin and / or a cash raise / funding for the HPI powder, since it's the one with the good margins.

Shouldn't be too long to wait one way or the other.....

[purchaseatthetop] 23/6/2023 10:15

Not a very exciting share......

[ladeside] 15/6/2023 19:26

85% increase for RRR today, which while mental, just shows what's possible.....

[ladeside] 15/6/2023 10:30

I'm just wondering if a placing is being worked here ?

The price hasn't moved at all for 2 weeks and there's been quite a few hefty trades appearing.

If there is a placing it will be so we can purchase the HPI powder converters which in real terms should add much value to the share price

As always it's all guesswork but so long as any placing is not below 0.3 then it wouldn't be such a bad thing as would get us off and running, however in an ideal world we'd have hoped to have raised well North of the 0.3 range.

Time will tell.....

[petomi] 10/6/2023 16:14

They have said first sales "by" H2 so I wouldn't expect anything before the end of the month - the question will be whether they achieve that on time.

GLA

[purchaseatthetop] 09/6/2023 13:50

The sun will rise and the sun will set. Chill and enjoy the passing days of your life.

[ladeside] 08/6/2023 16:46

Surely something will happen soon !!!

[ladeside] 26/5/2023 23:18

I see a 40 million, 15 million and another 10 million trade have all appeared after hours.

Looks like someone is loading up.....

[ladeside] 26/5/2023 17:10

Decent start today but we need to break and then hold the mid 40's before any break out is confirmed, otherwise we'll just drift back as always.

I'd like to see a few more high value purchases appear and then a TR1 confirming an increase by one of the big players, that would give those who still don't believe a bit more confidence I think and would maybe start to appear on a few radars.

Still, everything looking good and if the share price would just start to rise then I think we'd all be a bit happier !!!

[bigwavedave] 26/5/2023 14:10

Webinar link:

[ladeside] 25/5/2023 10:03

Thanks petomi, I believe they have / are putting up a recording.

My understanding is that there's around £1.5 Million required (could be slightly more or even slightly less) for the HPI powder converter and it's for this funding that talks are currently taking place. Worst case scenario I'd say a placing of 400 Million shares at around current levels would give us the funding required and take us up to 4 billion shares in issue, however placing price could actually be a good bit higher or an external funding package may appear ??

The bottom line for me is that there's now very little risk attached but with a huge upside and it's basically just a matter of time until we leave this share price level well behind.

Watch this space, however I reckon we'll begin to see a bit of movement over the next few weeks and it might only be 3% - 5% daily rises but before we know it we'll be back up to the 0.70 - 0.80 range which will be a much more realistic MCAP for our current stage of development.

As for the major expansion at the mine site, they did give a timeframe of 1 - 3 years for this but as you say we're talking about funding required in the hundreds of millions for that, so let's walk before we can run, but it's undoubtedly very exciting times and with the added incentive of a high value farm out / sale added to the mix.....

[petomi] 25/5/2023 09:31

Thanks Ladeside for vg summary. I hope they post a recording since I couldn't make it.

I expect they will be looking for further funding for the next phase and are keen to get the share price up in advance. But I agree the risk profile is now looking very different.

GLA

[shearluc] 24/5/2023 21:32

Superb Webinar! "First Sales within Days!"

[ladeside] 24/5/2023 19:21

What I've cobbled together from tonight is as follows,

Directors holding 16.5% of the stock and Premier Miton holding 7.5%

All licences and permits issued and signed off, both for mining and smelting, licences renewable and currently held until mid 2040's.

No issues whatsoever with locals and local communities very supportive.

Rustenburg smelter complex was purchased from Bank on VERY favourable terms.

Everything currently on track with 2 x furnaces already running at full capacity and 3rd furnace coming online July 2023. 4th Furnace could be hired out to 3rd party company or / and used as backup or even additional production.

Mining and transportation costs roughly $100 p/t and HPI selling at roughly $780 p/t. Vanadium slag and Titanium slag are pure profit.

Very attractive margin and no real risk even if prices were to fall considerably.

$20 Million+ annual revenue (as we stand just now with 3x smelters in production but not including additional revenue from DMS magnetite or proposed HPI Powder sales)

HPI Powder is definite plan, talks currently taking place regarding financing options for this. Profits could rise by 50% to 80% if and when operational.

Expansion is the next step with large smelter complex and furnaces planned at minesite as per the original plan. HUGE uplift in terms of profit as economy of scale.

Looks like the takeaway here is that we're full steam ahead for the original plan which was 4x75MW furnaces being installed at the mine site where profit margins would end up through the roof. Timescales for this were given as 1 - 3 years but of course lots will be happening before then and it's highly likely we're taken out before then I'd think.

The message also seemed to be that we've done all the hard work and made it through and that risks were now minimal and that the beginning of a material upside was imminent.

All in all ME seemed very bullish and believes we're ridiculously undervalued currently (as do I) but as soon as market catches on then hopefully we'll begin to see a huge re-rate.

[aceuk] 24/5/2023 12:38

Presentation later

[ladeside] 24/5/2023 10:09

Hopefully there will be a bit more interest after tonight.

I firmly believe that current prices will be left well behind over the course of the coming weeks and months but as most of us here are already well stocked up, all we can do is sit back and enjoy the ride (hopefully) !!

[ladeside] 23/5/2023 14:13

It's amazing what a chance meeting in Tesco can do......

[annie38] 23/5/2023 13:55

Good afternoon folks. Hang on to your hats, that's me back in.

[aceuk] 17/5/2023 15:26

Presentation

[ladeside] 17/5/2023 15:20

Looks like the charm offensive is about to start, I'm pretty sure we won't be at these levels much too much longer....

[ladeside] 15/5/2023 18:45

I still can't see us being in a position to take the "big" project forward, as such it continues to be a case of prove the infrastructure is in place, prove the required licencing and permits are in place, prove that the offtake agreements / customers are in place, prove that we're self sufficient in terms of power and then I'd expect a major to move in on us.

The recently announced lease agreement for the adjacent land seems to have somewhat flown under the radar but I'd say it's huge.

My expected scenario is for us to be around the £40 million MCAP range over the course of the next few months, I'd then expect a cash injection from a potential partner rather than a placing (but who knows)for the required £2 million for the converter for the HPI powder and I'd expect that to be a game changer which could add £5 Million+ on to our MCAP.

At this point my preferred outcome would be a 90% farmout to a major for around £60 - £80 Million and someone who could REALLY take things forward and quickly.

I could of course be WAY off the mark and lots of things could happen over the next couple of years (either positive or negative) but I really do think that we're currently in a fantastic position but the reality remains that this project is just far too big for us to really do it justice on our own.

I suppose it all boils down to what GC, JW etc think is realistic value but current prices are a complete no brainer for me....

[ladeside] 15/5/2023 11:56

Pretty much confirms that everything on target and that half 2 is where we can expect some movement on the HPI powder and the £1.5 Million - £2 Million required.

It does seem to be pretty much a waiting game now but with minimal risk and a huge upside at current levels, so all in all it's looking good for a pretty decent re-rate in the short term with the mid to long term upside almost limitless, so all good for me....