Ironveld Share Discussion Threads

[novicetrade68] 07/2/2017 21:17

Probably the consultant fees being cashed in ?

[sabzahmed] 07/2/2017 21:11

Someone seems to be selling in 200k blocks. One yesterday and two today :-(

[friars3] 07/2/2017 19:51

any news on when the sod is going to be turned

[vatnabrekk] 07/2/2017 09:25

I must say I do start to get concerned whenever we find ourselves at the mercy of govt. departments. Totally unpredictable and a law unto themselves.

[jailbird] 06/2/2017 14:15

vatnabrekkVery good post... summarising like this has put the reason for the delay into perspective ... the Co is at the mercy of the DRDLDSo frankly it is a lottery when this will be signed.It could be another year as the Co does not really know apart it will be shortly ... which could from 3-10 years I guess :-)Delays cause dilutions

[gerri-c] 30/1/2017 12:44

There have been a few chunky delayed trades pulsing through over the last few days.

[orange1] 30/1/2017 11:55

The chart is a classic 'heart monitor" pattern. Definitely shows the company is still alive, fizz or not.

[paleje] 30/1/2017 11:19

Are we benefitting from another of GC's cos KENV defectors I wonder. Tracarta have reduced there and an ambiguous recent RNS has taken the fizz out of it at least for now.

The 'fizz' yet to happen here, I'm sure it will but I wouldn't care to guess when.

[zengas] 27/1/2017 15:29

It was as a result of adding in the late October placing by the looks of it. Must have been over looked.

[frampton7] 27/1/2017 15:13

He did it at the start of November. Why did he take nearly three months to report it?!

[bigwavedave] 27/1/2017 10:50

Interesting to see that Tracarta i.e. John Wardle, CEO of Giles Clarke's other company Amerisur Resources, has upped his stake here.

[adam] 23/1/2017 18:14

replacement of Vanadium with Sulphur

hxxp://pubs.acs.org/doi/abs/10.1021/nl500740t

Linked from this article

hxxps://www.sciencenews.org/article/better-batteries-charge-forward

[bigwavedave] 23/1/2017 12:54

Thanks Vatna. Very useful post.

[vatnabrekk] 21/1/2017 18:26

I have carried out a review of past RNSs to try to get a grip on the changes to the timeline over the past 2 years. Here is a summary:

Interim Results RNS 30 March 2015:
- Construction of smelter to start mid 2015
- Commissioning to begin H1 2016 and full production in H2 2016.

Final Results RNS 23 November 2015:
- Project on track to commence production in 2016.

RNS 18 December 2015:
- Expect land lease to be concluded in January 2016.
- Expect to finalise funding package and begin construction of smelter in coming weeks.

Interim Results RNS 30 March 2016:
- Land lease being processed by Dept. of Public Works.
- Financial closure expected Q2 2016.
- Construction of smelter expected to commence immediately on Financial closure.
- Commissioning to begin in Q2 2017 and full production Q3 2017.

RNS 20 May 2016:
- Land lease being processed by Dept. of Public Works. Represents the last milestone following which the Company will be in a position to conclude the financing package and commence construction.

RNS 6 October 2016:
- Land lease agreements expected to be received shortly.

RNS 26 October 2016:
- Land lease agreements being processed by Dept. of Public Works and are expected to be received shortly.

RNS 7 December 2016:
- Land lease agreements for the 15 MW smelter are being processed by the Department of Rural Development and Land Development and are expected shortly.
- Financial closure is expected during 2017
- Construction is expected to commence immediately on Financial closure.

Conclusions:
- The main reason for the slippage has been the delay in getting the signed land lease. Initially it seems this was expected in time to allow construction to start in mid 2015, so must now be running about 18 months behind initial expectations.
- A large part of the funding has already been agreed. Financial closure should happen very soon after getting the signed land lease.
- Construction is also expected to start shortly after getting the land lease, with commissioning about a year after that, and full production the following quarter.
So, if we can get the lease before the end of January, then we should see construction start in Q1 2017, commissioning in Q1 or Q2 2018, and full production Q2 or Q3 2018.

But, of course, all IMHO, and I could be wrong!

[callumross] 21/1/2017 12:30

Financial closure, I assume, will be long before the end of this year and am expecting it to happen in the Spring! It was supposed to have happened last Summer based on original guidance provided by the company.

[underhill2] 21/1/2017 11:23

What we don't know at present is the Financial Closure part of your post.Hopefully Financial Closure will happen by the end of this year.This is a long term investment and considerable patience is required.Only time will tell.

[vatnabrekk] 21/1/2017 09:39

From past RNSs I think the plan was that construction would start almost immediately after financial closure (or as soon as possible) with commissioning about a year later and production to start the following quarter after commissioning. That's fairly rough, but gives and idea of timeline. I'm sure that will be clarified when they get the lease signed and get financial closure.

[callumross] 20/1/2017 23:17

Land lease will be done and dusted in the next couple of weeks I would imagine and that should then be the final piece in the jigsaw enabling the funding to be agreed. Have you seen the Vanadium price recently? - the quicker construction starts the better with the business model outlined and a rerating of the shares from these all time low levels will take place. 9 months of construction I think was being mooted following by a few months of commissioning. Maybe someone will correct me if I am wrong on this.

[vatnabrekk] 20/1/2017 22:40

They really need to get the land lease signed before they can move ahead with anything else.

[orange1] 18/1/2017 15:57

Well that was exciting: from 4p (bid) to 5p (bid) and back again.

[bigwavedave] 18/1/2017 11:42

Or maybe not :-/

[bigwavedave] 17/1/2017 15:18

Looks like it.

[mintington] 17/1/2017 13:56

Something's stirring.....usual insider tip-off perhaps

[vatnabrekk] 13/1/2017 10:43

Perhaps the DMR is the problem, and the cause of the ongoing delays.