Ironveld Share Discussion Threads

[bigwavedave] 04/7/2023 13:16

So, FWIW, Jennings has been in buying mode and, presumably, still looking for his 1p/share.

[ladeside] 03/7/2023 17:39

Ironically, I remember YOU invested in it and spent half your day ramping it to anyone who would listen.

There's nothing worse than a bitter ex holder.....

[malcolmmm] 03/7/2023 17:13

I cannot believe anyone investing in this

[ladeside] 30/6/2023 20:30

Watching AIM over the past couple of weeks, it would seem the market is "back in play" as it were, basically for the past 9 months to a year virtually nothing has happened however it would seem we're back to the days of the wild daily swings across quite a few stocks.

I would add that most of these "swings" are nothing at all to do with fundamentals but are the result of targeted pump and dump trading groups and also some dodgy goings on behind the scenes.

As an example there's been,

RRR, BOIL, COPL, PANR, BMN, CLON, PREM and quite a few others.

I'd also imagine there's lots of funds being moved around with people trying to catch the bottom and get in and out for their 20% - 30% here and there. There's absolutely nothing wrong with that of course but it does tend to exacerbate any drop or indeed rise in other stocks which are being used as collateral.

Ultimately I don't see any real issues here and as before it remains a waiting game until we get some detailed facts and figures through from our esteemed bod......

[friars3] 30/6/2023 19:26

I'm surprised that Glenmore, or some of the big boys haven't taken this on out

[iceagefarmer] 29/6/2023 22:00

no it isnt...alot of false flags are timed to happen just before spread bet settlement dates like 9/11 and the madrid bombings 3/11...how many got totally milked then..9/11 was total carnage but who benefited? yes you guessed it..same old boys

[iceagefarmer] 29/6/2023 21:44

i think all aim stocks are getting hammered even on good news...wait until july comes and it will be a different story,the city boys always milk it when a quarterly spread bet settlement date has past, the last couple of weeks of the month they try and trigger stops and mop up distressed spread betters positions..

[ladeside] 29/6/2023 21:15

While I agree that the RNS was poorly worded, I'm pretty sure someone hasn't just sold their 40 Million holding purely as a result of it.

Debt free, fully funded and now in production are the realities which shouldn't be forgotten, especially given the current state of the economy, as in reality terms we're in a much better position than most of our peers.

No panic from me, just mild annoyance.....

[shearluc] 29/6/2023 20:42

Definitely one of the worst 'Positive' RNSs I've seen. Not well thought out

[purchaseatthetop] 29/6/2023 20:07

That RNS has backfired big time and shows how dangerous they can be. It raised issues that needed clarifying earlier and now investors fear the worst due to the lack of detail. Idiots.

[dead duck resources] 29/6/2023 15:47

There's been a lot of smelter businesses crashing and burning (mostly ferrochrome) over the past few years and that was before the recent high energy prices. The jury is out on whether they are turning a profit. Projected figures in webinars cannot be relied on and are accompanied by such a disclaimer. Having said that, I was not questioning the smelter in and of itself, more the Northern Limb operation as the sole source for it and expect to see some contracts for third party ore announced in a future RNS.

[ladeside] 29/6/2023 15:18

They acquired said smelter due to it being purchased out of "business rescue" (Admin to you and me) at a fantastic bargain price.

The original plan (and current mid to long term plan) is to have the smelter onsite at the mine with MUCH larger capacity, however what Rustenburg does for us is get us up and running (and turning a profit) and we can then build from there.

The company can be pilloried for many things but the Rustenberg smelter is DEFINITELY not one of them.

Incidentally, before we start getting the insinuations of impending doom, I'd once again point out that we are debt free, we are fully funded to FULL production and now we have started selling the stuff and turning an operating profit (as per the figures confirmed in the recent webinar).

The bottom line is that someone is selling large amounts (another 12.5 Million and 6.5 Million sale just gone through), however that's no reflection on the company and is more than likely a distressed seller, similar to what we've seen all over AIM in the past few days.....

[dead duck resources] 29/6/2023 12:36

When you look further into it you start to question the business model; why did they acquire a smelter so far from their quarrying activity, not to mention the very concept of mining the 'difficult' Northern Limb. Barely touched for a reason. Before long I would expect them to start using third party ore as a contractor, thin margins are better than hefty losses after all.

[ladeside] 29/6/2023 12:18

Someone seems to be dumping stock, 2x 5 Millions today so far and 2x 2.5 millions yesterday.

The same has been happening at various AIM plays over the past few days, I'm wondering if we have a distressed seller or two kicking around ?

Given the state of the Economy, it wouldn't be a total surprise.....

[ladeside] 29/6/2023 12:11

Further to the previous conversation, we apparently have "offtake" agreements set up for all our products so that being the case you would assume that we do have buyers for all of our products.

Whatever is happening, the bottom line remains that we're fully funded with zero debt and in today's climate that in itself is priceless.....

[al101uk] 28/6/2023 21:06

Selling the product is a milestone. I suspect as purchase says it was a relatively small amount and they didn't want to "dilute" the news with anything that could be seen negatively. Unfortunately I don't think GC has the good will to leave obvious detail out of an RNS anymore hence the share price movement. People are going to associate lack of news with Amerisur-like concealment of important facts.

I suspect the next milestone will be operational profitability and I think that's when they'll look at HPI to HPIP converstion... I think that's probably the easiest way to what will hopefully be group profitability.

[ladeside] 28/6/2023 19:34

Yes, and it failed to mention the Vanadium slag at all, so did we sell any of it ? and as for the HPI, did we sell the full quota as expected or was it less than hoped ??

I don't see any need for panic but at the same time I agree that the RNS was pretty poor to say the least when it had absolutely no need to be.

You could be forgiven for thinking it had been written by a 12 year old.....

[purchaseatthetop] 28/6/2023 19:21

It was a silly RNS. As it said they sold all their titanium slag but included no value it suggests the value is tiny. If the value is tiny, then what’s the point of more smelters? No point mining for a loss.

[ladeside] 28/6/2023 18:50

Yes, we don't help ourselves at times with vague updates such as today's.

On the plus side we've now got confirmation that we've become a producer and we have customers purchasing our products so nothing bad can be taken from today's update, despite our small drop.

What we need now is hard figures, as in our total production costs and our profit margin for each individual product, and as a whole, however I'm sure that will come over the next few months.

I also think we need to get the HPI powder situation resolved one way or another, if we intend doing it then just get a placing out the way so we can finally clear the decks and see exactly where we stand in terms of shares in issue and likely realistic MCAP targets.

[bigwavedave] 28/6/2023 14:28

For such a milestone event, a surprisingly bare bones RNS.

[purchaseatthetop] 28/6/2023 12:00

Seems the market does not like unspecified sales of all their titanium slag.

[gardenboy] 28/6/2023 08:20

3 furnaces coming

[altcoin] 28/6/2023 07:21

Any info on the price and quantity sold ?