Ironveld Share Discussion Threads

[mouse20] 20/9/2017 17:14

Found the RNS where they said it was expected to start in August, not one that states it has.

[mouse20] 20/9/2017 16:22

Tommy, can you point me to that RNS. I can't see it.

[tommygriff] 20/9/2017 16:17

Not sure what we want them to announce?They told us in the rns that they have taken over the smelting operation and that the first sales will be in August.Surely they only need to tell us if something has changed??

[annie38] 20/9/2017 14:30

I spoke to the Co's financial P.R. Co. Camarco recently, and I was politely directed to the last RNS.of 24th. July. It is obvious therefore that there had been no material developments to date that require or justify notification by way of another RNS. There is quite a considerable cost in putting out such releases I understand, and I personally would neither wish or expect IRON to waste any of the limited cash they have, on telling us essentially, that "there is no news".

[inside2] 20/9/2017 12:03

just the once would be good supertag.

as for the 1p prediction being a good sign i would suggest you find yourself a good head doctor mate

[supertag] 20/9/2017 11:22

The least the BOD could do is provide an accurate and honest update of progress, or lack of it.

[novicetrade68] 20/9/2017 11:12

Having posters on here persistantly stating this will go to 1p soon is often a promising sign. Banks always take a lot of time for various reasons, not necessarily because anything is untoward here.

[pranchalee] 20/9/2017 10:48

True management haven't kept to guide lines but still confident funding will take place

[inside2] 20/9/2017 10:36

story tellers, screwing the pi's for all they can, they would not pull these strokes closer to home where people could meet them face to face.

[aceuk] 20/9/2017 10:21

Waiting for anything around one penny, have been since the last fund raising.

You can think what you like about the management team but they have a proven track record across many businesses. I suppose we could all get very upset they do it their way though!

[mouse20] 19/9/2017 17:09

No life full stop.

[annie38] 19/9/2017 15:16

No liquidity here at present ?

[pranchalee] 19/9/2017 07:11

that 2p was more like a limit sell someone needed the money

[sabzahmed] 18/9/2017 21:03

Bid dropped to 2p. Sad times. Wish management would deliver on time for once.

[inside2] 15/9/2017 15:07

well said! an rns should be the place for publishing facts not for oralising wishful expectations

[al101uk] 15/9/2017 12:08

"If our stock is currently undervalued, that is not our problem."

It is if that valuation is based on the consistent failure of the board to communicate updates as promised. It is if managements expectations were so out of step with reality that they promised funding on a 300MW plant which then turned in to imminent funding of a 15MW plant which has now turned in to imminent, but again delayed, funding of a 7.5MW plant... with no word on what's going on despite expecting to finalise last April.

It is absolutely their problem if they have two Non-Executive Directors with a reputation for exactly this kind of thing in other companies, who as "independent" advisers to the business should be using their experience of past mistakes (Amerisurs promises on the OBA) to advise on the best way to keep shareholders informed and how to progress.

Ironveld produce £0 of profit, the share price is entirely based on the promises, assurances and delivery of the board and reflects investors confidence in their ability. Just like Amerisur, it's not the assets or the plan that is in question, it's managements ability to deliver on it that causes concern.

That is entirely Mr Cox's problem.

Sorry, not invested, but that line just p'sses me off. The Shareholders employ the guy, he's failed to live up to his endless promises of imminent funding and when shareholders are punished for his lack of delivery he says "not my problem".

[inside2] 15/9/2017 12:07

so you tell lies all the time, your 30 years add up to nothing

[aceuk] 15/9/2017 11:50

santori you explain beautifully why the Clarke/Harrison attitude is 'stuff you if you don't believe us' - actually having been in business of one sort or another for over 30 years my inclination is to agree with them :-)

[annie38] 14/9/2017 23:40

So why does Cox think the market has yet to share his faith in the story?

“Look, we started 5 years ago on 12 August 2012. In the time since we have done an outstanding amount of work, in one of the toughest macro environments for decades. Look at mining projects around the world, especially among the juniors. Unlike so many others, we are now on the cusp of production and the potential for transformational profit generation.

We have a growth plan to build the 15MW smelting plan and ultimately our vision is to create a 300MW plant. This would be a world-class project in a country that needs that. The 7.5MW is a stepping-stone. If we secure it, the market won’t be able to ignore the fundamental performance of the business. It will be there for all to see in our financial reporting.

If our stock is currently undervalued, that is not our problem. That is for the market to decide. Our job is to secure the funding to take us on the next step in our journey and as we said in the recent RNS we are confident of achieving that.”

[utsushi] 14/9/2017 19:30

Aceuk,

I share your frustration 100%, but we are not on the front line, dealing with possible complex 3-way discussions, these things unfortunately do take time.

For sure, expectations are low, but they may, or may not change, it is worth bearing in mind that since the Free Cash Flow estimates were made in the Definitive Feasibility Study, Company Presentation of 2015, Ferro Vanadium Prices have risen approximately 50%, Titanium 5%, HPI U/C, so potential profitability is increasing, even if the company is as yet not producing.

Normally, if there is a will-there is a way.

My last point-most potential investor in Ironveld would prefer to pay 5p/6p with certainty-than 2.5p with uncertainty, so there is decent upside if this lot can get there "act together".

Good luck to all.

[inside2] 14/9/2017 17:09

thanks for making my case, it's all about know facts not unknown

[aceuk] 14/9/2017 16:18

Was it June 24 last year when the market pretty much concluded the worst within seconds and 18 months on nothing has happened much! Now UKX can't make progress because of strong Sterling allegedly (I'd say there are other huge problems that no body dare speak) - is it the same here?

Btw I believe not, but Clarke and Harrisons style is stuff you if you don't believe us!

[paleje] 14/9/2017 16:08

Wires crossed imnotlong, take your point.

Re collective market wisdom, I'd say it's very fallible, if it wasn't we wouldn't get crazy crashes from time to time even in the biggies and massive volatility in the tiddlers especially when news is scarce which it usually is under GC's stewardship.

I'm not saying things are rosy just no reason to conclude the worst and remember Giles and his buddies piled in just under this level.