Ironveld Share Discussion Threads

[bigwavedave] 20/2/2015 16:32

nice while it lasted.

[bigwavedave] 20/2/2015 14:53

there you go :)

[bigwavedave] 20/2/2015 11:22

might have another go at 8p

[sabzahmed] 18/2/2015 20:06

Just another 30% more for me to break even... But this is a long play and I know patience will pay... this time next year we'll be rolling in it

[annie38] 18/2/2015 19:49

Not quite in profit YET I would suggest.

"The Company has approved the conversion of £44,061 representing amounts of fees owed to contractors as at the 31st December 2014 into 568,528 new Ordinary Shares, issued at a pre agreed rate of 7.75p per Ordinary Share."

[sabre6] 18/2/2015 17:15

I expect the local suppliers are happy now as 1p in profit and a lot more to come!

[al101uk] 18/2/2015 16:20

8p on the offer now :-)

[bigwavedave] 18/2/2015 15:34

A bit more needed for me. But every little helps.

[al101uk] 18/2/2015 15:24

That would be nice, I'd be in profit :-)

[quidnunc] 18/2/2015 15:21

Kissing the top of the downtrend channel.
Needs to hit eight to be out.
Q.

[inside2] 17/2/2015 11:10

If I could get rid of a couple of my holdings, currently under water, IRON is precisely where that money would go. I have been wanting to increase my holding here for a while now and maybe in the end I will have to take a loss to do it, because I believe we have only to around Q3 2015 before these, real value, low prices will be available. This is certainly a well managed venture with massive potential.

[bigwavedave] 17/2/2015 10:41

Good stuff.

[paleje] 17/2/2015 09:23

EIA and licence first perhaps? they say within Q1 so only a few weeks. Keeping things on track and steady progress will do for me.

[al101uk] 17/2/2015 09:07

Steady progress... wish they could get the offtake agreement sorted though.

[al101uk] 05/2/2015 11:26

Africa Asia Capital Ltd. 13.8%
Michinoko Ltd. 38,043,653 13.2%
Weighbridge Trust Ltd. 7.23%
Artemis Investment Management LLP 3.79%
Westleigh Investments Holdings Ltd. 3.19%
Charles Giles Clarke 2.46%
John Nicholas Harrison 0.80%
Terence Michael McConnachie 0.12%
Peter John Cox, PhD 0.090%
Hargreave Hale Ltd. 0.0000%

hxxp://www.4-traders.com/IRONVELD-PLC-4003466/company/

[al101uk] 05/2/2015 11:15

annie38,

I should have known that and I should ignore what morningstar says ;-)

Thanks

[annie38] 05/2/2015 10:52

RNS of 15th. December last year indicated that Michinoko had increased their holding to 38m shares representing 12.74% of shares on issue.

[al101uk] 05/2/2015 09:09

hxxp://investors.morningstar.com/ownership/shareholders-overview.html?t=IRON&;region=gbr&culture=en-US&ownerCountry=USA

Artemis seem to be our biggest holder with 3.6%

[teapot222] 05/2/2015 02:57

Morning guys, do you think we have a distressed seller or just PIs getting nervous over commodities prices as that was a chunky sell towards close of play. Could someone point me in the direction of a significant shareholders list as well, I couldnt find it on the ironveld website. Excellent update over on AMER from Giles other company, hopefully we will get a chunky RNS soon as well.

[al101uk] 30/1/2015 11:25

donaferentes,

As always the DCF will only give you a share price based on the assumptions you plug in to it. You could quite easily adapt the model to add a follow on project which constructs the additional smelters, increases production (and decreases life of mine). You would hope that the effect on NPV would be positive... after all that's effectively what a company does to establish the feasibility of a project in the first place.

My preference is to work out the base case and assess the unknowns in relation to the shareprice and my fair value estimation.

Right now for instance there are risks on financing, commodity prices etc. my estimate of fair value (on production) stands at something 26p, meaning the associated risk placed on the company by the market is circa 5-1. I think that's an unfair appraisal, so I hold. If the price was 13p, given the risks, maybe I would reduce or sell out.

Once we're producing, I'd be looking for at least 26p, at that point my buy/sell decision would be based on what managements next step is... sell the company, raise funds for the next phase, run the mine as is?

I don't know what they will do if/when we are a producer and to be honest I don't need to know right now as it's not the major driver for the share price.

[donaferentes] 30/1/2015 10:43

I imagine they will need to raise substantial new capital to move from proof of concept to full scale plant installation - this is likely to affect the share price at least as much as any discounted cashflow model, is my guess.

[teapot222] 29/1/2015 17:04

Thanks mate your input is appreciated, heres to a steady rise throughout 2015 and more frequent news compared to last year!

[al101uk] 29/1/2015 16:32

teapot222,

I don't rule out a sale, I just don't think it will be a major, we're a tiny little company, but as the price of iron recovers you can't rule out an offer from a small/mid-cap producer.

I do think we need a recovery in commodities before we'd see a sale go though, we may be in a sheltered niche producing HPI, but any suitors are likely far more exposed to regular Iron Ore price.

I think a dividend is a long long way off and would almost be a last resort in delivering shareholder value.

[teapot222] 29/1/2015 16:17

Thanks al101uk, i look forward to your further analysis as we get more news soon hopefully!!! From old RNSs they started to look into offtakes back in september but obviously due to market conditions these may take a while but im sure they will pull some out the bag as the products are high quality. So in your opinion we will remain independent which i have no problem with as we could be receiving a nice dividend per year, maybe only a small one to start with as we accumulate capital towards the larger smelters later on which until further clarification may or may not be considered, and from then on ramp up the dividends. I still remain confident after attending last years presentation with Peter Cox who certainly knew his stuff.