Ironveld Share Discussion Threads

[taudelta1] 22/4/2015 17:18

Can anyone kindly recommend free websites that update HPI (or pig iron) and also TiO2 commodity prices? GLA

[mouse20] 16/4/2015 13:17

Small volume, large percentage increase. Maybe I was wrong when I said I thought the share price uplift would start in May. Looks like it's starting now.

[sabzahmed] 15/4/2015 23:04

Makes sense. I guess that's why the share price went up and wasn't affected by the 2 trades

[orange1] 15/4/2015 22:12

No chunky sells imo. Those two 500k transactions are linked, the shares going from one owner to another or one account to another, probably an ISA account.

[sabzahmed] 15/4/2015 19:41

Not liking the chunky sells today.I agree with Mouse though. Once we get past the financing and uncertainty around what that means for investors - we'll see a steady consistent rise. May sounds about right. Hopefully teens again this summer.

[mouse20] 15/4/2015 18:13

I think May should start to see some news flow commence. And then a slow but sustained increase in share price through to full production in 18 months time.

[annie38] 15/4/2015 10:49

Very few shares appear to be available. Could not even buy 30k directly !
Rightly or wrongly I am generally encouraged by this situation.

[hectorp] 03/4/2015 13:42

does the Market deserve, iron? so unloved.. zinc a better prospect

[sabzahmed] 31/3/2015 17:55

Agree Dan... It's getting very exciting now.Not sure if you saw this in the last RNS chairmans statement.... where vanadium redox flow battery systems are coming onto the market.... And this bit... Titanium xxxx is a key part of a new battery technology.I guess they might be looking in to the battery businessAnd here's where these batteries could be used in the future..http://www.youtube.com/watch?v=nzrKZcbaMwA

[dandadandan] 31/3/2015 17:02

The news gets better every day.
That financing package is about to be announced and everything is on schedule.
Just think how difficult that is in SA today.

The IRON team are $$$$$$$ winners and know how to deliver.

Follow the money........

IMO onward and upward we go.
This is a multi bagger prospect in my books. Roll on 2016.

GLA.

[mouse20] 24/3/2015 11:01

Completely agree with that. But if other positive news released first a placing could be at a higher level. Unless it's all agreed already of course!

[donaferentes] 24/3/2015 10:23

I think the placing, concluding full financing for the next stage, will itself be the good news.

[mouse20] 24/3/2015 10:11

A placing at 7.5p would be a premium of 30% to current price. So positive news will have to be released first to achieve that price. But currently share price drifting down the wrong way.

[al101uk] 23/3/2015 23:29

The project will be part financed by equity, there were some posts earlier on about the proportion, which didn't seem excessive.

But on that basis you can be 100% certain there is a placing on the way... and you can also be certain that it's announcement will correspond with the project becoming fully financed. That being the final piece of the jigsaw, I suspect a premium will be warranted.

I very much doubt the weakness in share price has anything to do with the placing, it's just a typical PI driven stock... we've been stuck in this range for what seems like an age and people get bored.

I think the placing will be at a premium to 7.5p, but it will follow several yet to be released significant news items... debt financing, offtake agreement, mining license to name but three.

[callumross] 23/3/2015 20:51

annie - if it is at 7.5p then the price will rebound sharply - can't let the plebs get in lower!

[annie38] 23/3/2015 19:08

I doubt very much if the consultants would be accepting shares in lieu of cash if they had any doubts about the future funding and viability of this project. Consequently I would presume that any placing would require to be a at a price of not less than 7.5p otherwise said consultants will not be best pleased !

[mouse20] 23/3/2015 17:50

Well, if you are right about a placing soon, then it may kickstart the share price. But then again, it might not.

[callumross] 23/3/2015 17:21

In my experience the recent price weakness despite good newsflow signals very clearly that a placing is on the way, to be announced shortly. Could be wrong but bet I'm not! Hopefully it is not discounted and is in fact in excess of the current 6p price.

[mouse20] 23/3/2015 14:52

Interim accounts out by the end of the month. Should generate a pulse for half an hour or so.

[quidnunc] 23/3/2015 14:20

No pulse today.
Q.

[mouse20] 20/3/2015 13:25

I agree it's being very frustrating. And I'm not certain what will drive the price up in the next few months.
Will it be the announcement of off take agreements (was supposed to be near term some time ago), agreement of the financing for the project, the actual start of construction of the smelter or will we have to wait even longer for actual cash revenues in the second half of next year?

[supertag] 20/3/2015 13:07

Very frustrating share to hold. Have had these for several years now and news must surely be just around the corner.....

[orange1] 20/3/2015 13:04

The execution of the right was scheduled to occur on 19 March 2015 but not guaranteed to occur on this date. Ironveld said this on 2 March:

"The DMR has notified HACRA in writing that the mining right for the farms Cracouw 391 LR, Aurora 397 and Harriets Wish 393 LR located in the Northern Limb of the Bushveld Complex, for the mining of iron ore, vanadium and heavy minerals has been granted for a period of 30 years. Upon execution of the right, which is planned for the 19(th) March 2015 and includes the approval of the mining Environmental Impact Assessment ("EIA"), the Company is required to commence mining within 120 days."

[al101uk] 20/3/2015 12:57

Can't say it's worrying me, seems like a rubber stamp exercise to me. Government dragging their feet, paperwork between Sylvania and Ironveld, these things happen.

[mouse20] 20/3/2015 12:34

Is it a concern that the execution of mining rights have not been announced, but a director resignation has? I can't decide.