Ironveld Share Discussion Threads

[underhill2] 30/3/2017 10:49

Not looking too good at present. Share price dropping every day.Still not too worried as volume of shares traded is very small. At these prices I would expect to see some buyers soon. Nevertheless this is more than ever speculative investment and not for the faint hearted !.Continual delays in both obtaining the land leases Signed and obtaining the finance are the main problem here.

[bigwavedave] 29/3/2017 11:12

Actually, I did have an alert from advfn this morning...but didn't see it! Doh!

[sabzahmed] 29/3/2017 11:01

So it's not just me :-)Timeline can't be helped as things like lease isn't within the managements control. As annoying as it is, patience will be rewarded.

[rec0very stock] 29/3/2017 10:52

Sadly it is an all too common feature of resource companies in Africa having to sit around waiting for licences to be approved. The government will always say we are on the case expect it to be complete next quarter and then next quarter it is the same story.

It should come as no surprise that if the licence does not com more dilution will be the result, this is just routine fact of life stuff. I continue to hold and hope, there is not much else to do other than try to sell in to a weak market and go somewhere else that already has all the government approvals needed.

[jailbird] 29/3/2017 08:55

Expect to, hope to meet these NEW timelines .. lolAnd if they don't ( as is expected historically ) .. then another cash call!Good luck all

[jailbird] 29/3/2017 08:53

Timelines have been moving forward more than once. I do believe in miracles , and a miracle Is what is needed to meet Q2 which starts next weekThey raised 1.8m in Oct/Nov to pay their wages, how much they they have left ?

[callumross] 29/3/2017 08:47

"The Group's present resources and existing facilities are only considered adequate to meet committed overhead expenditure for the period to 30 June 2017 by which time the Directors expect to have completed the full funding of the Project"

This is a new and encouraging timeline, in addition to land leases concluded early Q2, funding should be finalised within 3 months. Assuming these timelines are kept to, then we are looking at production commencing summer 2018. I would urge people to examine the figures in the presentation on the company's website to see just how attractive this project is once up and running.

[jailbird] 29/3/2017 07:27

Oh dear Look at the cash where has it gone.Working capital means paying my wages

[sabzahmed] 29/3/2017 07:16

Not sure if it's just me but I didn't get an email notification for today's RNS.Nothing we don't know already. Peter Cox statement saying construction of Smelter and not that it will be operational/completed for this year. I guess that means because of the land lease delay the new estimate is now next year?

[sabzahmed] 14/3/2017 15:44

I think all the trades today were buys.? The 51k at 3.89 was mine

[nash81] 13/3/2017 14:55

do we have broker report on IRONVELD?

[utsushi] 10/3/2017 13:40

Reardons,

1-What is going on is contained in the RNS, the truth is out there.
2-Management will inform us as and when events occur-until then there is surely nothing to say.
3-The company is early stage, work-in-progress, you have to expect the un-expectable and "roll-with it" in respect of the delays.
4-Delays, if that's all it is do not impinge or reduce the intrinsic value of the business model.
5-Events at Bushveld (BMN) are IMV indirectly positive for IRON, the companies have similar location, geology, proximity to infrastructure etc-but a different business model.

[reardons] 10/3/2017 12:02

Does anybody know what is going on here. Why does management not keep its shareholders informed

[the reverend david] 14/2/2017 11:20

Thanks for that post vatnabrekk on brrmedia much appreciated

[vatnabrekk] 12/2/2017 17:18

This news video about corruption in South Africa doesn't make pleasant listening, especially to anyone who is waiting on one of their govt. departments to sign a lease!
www.dw.com/en/south-africa-corrupt-and-increasingly-poor/av-37498255

[vatnabrekk] 12/2/2017 17:06

Here's a link to brrmedia interview with Peter Cox on 10 Feb. 2017:



Sounds positive, but unfortunately no mention of signing the lease, which as far as I am aware is the main hurdle that is holding up proceedings now. Perhaps that is too politically toxic for him to mention on the air?

[underhill2] 08/2/2017 15:14

Zengas - Don't blame you for selling out.Progress is so slow hear and it's the lack of any progress updates whichIs quite normal for the current management.As I have said previously this is a very long term hold and still a very speculative investment.

[zengas] 08/2/2017 13:53

I never was able to make any direct contact with them other than their PR outfit and I never found that satisfactory. The chairman is involved with a number of other companies I believe and I wonder if their focus is not 100% in getting whatever is causing the delay, resolved. I fail to understand how this can suffer such a long delay given that it would contribute to substantial employment and the economy there. Why can't they just say what the actual delay or sticking point is all about. I rarely invest in miners for the sole reason that it can take a lifetime to get from the drilling/proving up stage to actually establishing a working profitable mine and I thought Iron were at the final stage over a year ago. I sold out solely due to the delay to date and wondering if it could possibly still drag on for another 3 months and then it's still 10-12 months to get into production. Saying that, there could be positive news at any time. Good luck guys, i just simply want to put my capital to use elsewhere.

[sabzahmed] 08/2/2017 13:40

Don't blame you Zengas and all the best. I'm really bored of IRON and AMER. Hope things improve quickly.Any idea what the Ironveld management/team do while they wait for the lease?

[tommygriff] 08/2/2017 13:22

Far play zengas

[zengas] 08/2/2017 13:13

That was me selling out today and the last few days. Still a good story and I know nothing more than anyone else. Have held for well over 18 months expecting them to be in the commissioning phase by now but painfully slow progress. Simply want to free up cash and would still see this as an end of year wait if they got signed off now and started to build. Like the potential and will still keep an eye on this.

[vatnabrekk] 07/2/2017 23:22

friars: Nothing can happen until we get the signed land lease. And if they start turning over sods before that, then someone will be in trouble!

[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 :-(