Ironveld Share Discussion Threads

[ladeside] 18/7/2023 19:19

The problem with that ACE is that it's technically historic given that it's rating us as an explorer as opposed to us now being a producer.

The next few months will be transformational....

[aceuk] 18/7/2023 14:35

I think this is quite a thorough overview

[dead duck resources] 18/7/2023 13:29

A high-net-worth with an oil background who backs anything Giles Clark involved in
which included buying this listing's old recycling business not long after the RTO.
I wouldn't read much into his investing some Amerisur gains here, but will concede
the point that as a Clark crony he is better positioned than most retail investors.
As to knowing best, I note he's considerably underwater here.

[ladeside] 17/7/2023 19:00

One of the Directors (who's a well regarded Geologist) has been buying big over the last few years (and last few months) at a large premium to today's prices, in fact he now owns over 11% of the stock.

Who knows best do you think, You or Him ???

[ladeside] 17/7/2023 18:55

If you were going to deramp in this manner then you should really have timed it better.....

[al101uk] 16/7/2023 21:59

Not sure how your defining "mining byproducts".

Five minutes searching revealed this:

"Richards Bay Minerals (RBM), situated along the Indian Ocean coastline in northern
KwaZulu-Natal at Richards Bay, is a leading producer of titania slag, high purity pig
iron and rutile in South Africa. Richards Bay Minerals is the trading name for two
registered companies, Tisand (Pty) Ltd and Richards Bay Iron and Titanium (Pty) Ltd
(RBIT). Tisand is responsible for the dune mining and mineral separation operations,
and RBIT the smelting and beneficiation process. The company is jointly owned by
Rio Tinto plc and BHP Billiton, and is one of the largest single mining operations in
South Africa."

[ladeside] 14/7/2023 17:31

Good to see us back up a bit (relatively speaking), however although Jennings and JW are buying it would seem that someone else is selling going by the large trades over the past week or so.

I was wondering if Premier Miton were perhaps reducing but no TR1 has appeared.

Anyway, all good and hopefully we'll get some news over the next couple of weeks.

[annie38] 14/7/2023 14:26

Indeed M.L.... and a few more today I see. Hope you are well.

[moneylender] 13/7/2023 16:23

John still buying then!

[ladeside] 11/7/2023 21:42

The more I've thought about this the more sense it makes to wait until we're up to full capacity with the 3 smelters online before issuing any detailed sales figures, this should happen by the end of this month so not long to wait.

In terms of further possible dilution etc, personally I'd be quite happy (as previously stated) if they just went ahead and placed another 900 Million or so at 0.30 or above and that would finally get the decks totally cleared and allow us to fire ahead with the high value HPI powder giving us around 4.5 Billion SIU.

Dilution is all relative and unfortunately a necessary evil for a company in our position, however the most important thing is to remain debt free so that when we finally start full production we can move forward rapidly and also have a safety net if anything bad were to happen.

I could name numerous companies who've tried other methods of financing and ultimately the debt swallows the company and at best restricts development but at worst causes the company to cease as a going concern which of course results in total wipe out for PI's.

We may never see the sort of share price figures that many had hoped for, however even with further dilution mentioned above, 1p is easily achievable in the short term and the likes of 2p also not a pipe dream over the next year or two, and as we stand right now, that's more than acceptable I'd say......

[lorse] 11/7/2023 11:07

friars3 - Is that oil or ore? Some larger trades this morning..

[friars3] 11/7/2023 00:00

how much did our company get for the oir

[malcolmmm] 08/7/2023 20:41

Going down again

[aceuk] 07/7/2023 13:54

Hello Rec, hope all is well with you?

The company seems to be well ahead of where it was when you left us scrambling around in the dark ;-)

[rec0very stock] 07/7/2023 09:41

The most critical factor in the sensitivity analysis I did on those figure was the price received for HPI - it was assumed to be $900 per tonne (20Kt =$18m of that $20m) which is a massive premium to pig iron prices, which are about half that:



IRON recently sold its first batch of HPI and chose not to provide any information as to what they got for it. Given how this company and other GC companies operate with regard to not properly informing the market iaw AIM rules, it is reasonable to assert that the price received was significantly below the price assumed in the note and presentation.

Failing to provide proper information by RNS, but putting out a tweet claiming "with estimated annualised profitable revenues of c. $20 million by Q3 2023." is exactly iaw the company's play book for deceiving investors and is therefore another strong indicator that the cash raised earlier this year is being burned through at an alarming rate and another fund raise will be required later this year, if the company is to avoid yet another going concern emphasis of matter in its accounts in December. Remember who predicted the one last December from about this far out.

Smelter debt repayments are due to start in 2024. IRON got the smelter in the first place because the previous owners could not pay their debts.

[al101uk] 06/7/2023 18:40

I know some of that is out of date, but the company hasn't given us any updated information to go on :-/

[al101uk] 06/7/2023 18:40

The more important question Ladeside is what kind of profit?

Profit attributable to shareholders?

EBITDA?

Or more likely the operating profit from the smelting businesses point of view.

From an old post of mine:

Links:

Investor Slides


Analyst Note


Ore processed: 40,000 Tonnes (From note and extrapolation from Iron recovery rate in slides)

Revenue: $20,000,000 (Page 16 of slide deck)

Mining: 40K*$73 = $1,720,000 (Page 16 of slide deck)
Transport: 40k*$43 = $2,920,000 (Page 16 of slide deck)
Processing: 40k*$363 = $14,520,000 (Page 9 of Note, converted from Rands)

Total Cost: $19,160,000

Margin: $840,000

With admin costs at $2.5 million (note, page 11, converted from Rands), the Opex numbers don't add up without HPIP.

[ladeside] 04/7/2023 15:08

Between this and my Football team not yet having signed a quality RB, it's becoming a very stressful time of it !!!

[ladeside] 04/7/2023 14:54

"with estimated annualised profitable revenues of c. $20 million by Q3 2023."

Yes, but I think the market and of course all of us REALLY wants to know what the actual net profit is likely to be after all costs ??

It's all very well saying we've got profitable revenue of $20 Million but what does that actually translate to in the real world and is it sustainable ?

Don't get me wrong, if we're turning a profit at all and that's BEFORE we get the HPI powder, then all should be very good but it's just the play on words that isn't really doing us any favours.....

[aceuk] 04/7/2023 13:23

What happened to Jennings former vehicle - did they fire him?

[aceuk] 04/7/2023 13:21

"annualised profitable revenues circa $20 million by Q3 2023"