Ironveld Share Discussion Threads

[typhoon] 28/3/2018 09:43

Certainly seem long winded finance discussions, but patience is hopefully a virtue I can continue to abide with in the hope reward comes to those who wait.

[underhill2] 28/3/2018 09:30

The longest finance discussions in history !

[underhill2] 28/3/2018 09:29

You mean shareholders are thanked for their ongoing patience !

[orange1] 28/3/2018 09:21

Results published at 9am rather than the usual 8 am:



Shareholders are thanked for their ongoing support.

[inside2] 23/3/2018 11:22

Same old cow, same old tree.

[sabzahmed] 22/3/2018 20:43

I just read my message again. I hate auto correct. Aaarrrgghh

[brad44] 22/3/2018 20:20

wtf?!? it was like we had some momentum, where did it go??

[sabzahmed] 22/3/2018 19:31

Today, not that day :-)

[sabzahmed] 22/3/2018 19:30

Why the big drop that day? Looks like this and KZG both got hammered. Any news ideas why?

[bigwavedave] 19/3/2018 16:02

Oh well, back to reality.

[bigwavedave] 15/3/2018 16:26

New mining charter in three months.

[sabre6] 15/3/2018 16:17

I remember a article in Mail on Sunday financial where Midas was interviewing GC who said once water licence and funding was arranged the goods was sitting on the surface ready to be picked up and the share price will soar.
Admittedly the article was about a year ago.

[annie38] 15/3/2018 10:48

Hope that there is some substance behind this bounce rather than simply greed overpowering fear.
With limited volume, I suspect the latter is more likely.

[novicetrade68] 14/3/2018 15:32

50k is the limit at the moment.

[broncowarrior] 14/3/2018 15:18

Continues its mysterious and welcome move upwards.

[bigwavedave] 14/3/2018 10:55

Cheers al. I think it might have to go through the courts but it does demonstrate a more investment-friendly position by the new president. Could improve sentiment re IRON. Hope so.

[al101uk] 13/3/2018 10:00

BWD,

Thanks for the pointer, I posted a couple of posts back about a story I saw on youtube (nothing to do with IRON, but seemed like it could be somewhat relevant).

Anyway, following your post I dug a little further and...

"Ramaphosa could also address the embattled mining sector. Mining companies feel the Black Economic Empowerment restrictions (BEE), a set of government measures to address the economic inequalities of apartheid, as set out in the Mining Charter are too onerous.

They argue that the restrictions make it hard for investors to judge the cost of capital. If they are right then that could free up capital investment into some projects, like in the coal sector, that could be started promptly."

That would obviously be good news for IRON and if what they are saying is correct (cost of capital is difficult to assess under the current regime), then it could make financing easier.

Not entirely sure what it would mean to IRON's current BEE situation, probably very little, but it allays fears that things may get worse... my fears at least.

[annie38] 10/3/2018 10:01

BWD: The patient may yet be rewarded !

[bigwavedave] 10/3/2018 08:57

Is the patient coming out of a coma?

[broncowarrior] 10/3/2018 00:03

Certainly a present surprise...

[novicetrade68] 09/3/2018 23:18

Hmm, I guess everybody must be in a state of total shock following the recent rise ;-)

[runwaypaul] 28/2/2018 11:15

6p in 2 1/2 months. gl

[runwaypaul] 28/2/2018 11:14

Articles

Ironveld ‘nearing delivery’ of heavily delayed smelter acquisition – is all still to play for? (IRON)

by ValueTheMarkets • February 28, 2018


Ironveld (LSE:IRON) reminded the market that it still exists today with an update reiterating that it is ‘nearing the delivery’ of its planned purchase of a smelter that could see the early delivery of $1m a month operating profit. The business said it is ‘presently focused’ on concluding the financing for the acquisition of the 7.5MW smelting facility and associated independent power plant in Middelburg, South Africa from Siyanda Inkwali Smelting Services. After some refurbishment, the smelter would enable the early production of Vanadium, High Purity Iron (HPI), and Titanium at Ironveld’s project located at the Bushveld Complex in Limpopo Province, South Africa.

The project’s current resource contains a whopping 27m tonnes of HPI, and 1.4Bn pounds of Vanadium in situ. Once in production, Ironveld believes the smelter will be able to generate 190.5 tonnes of vanadium in slag grading 36% V and 21,000 tonnes of HPI powder per annum.

In today’s update, the business also reported that its water use licence application for the project is expected to be resolved by the Department of Water Affairs early in Q2 2018. This licence is the only outstanding licence and means Ironveld is now in a position to begin site establishment and civil engineering works in preparation for the commencement of mining activities.

Peter Cox, chief executive of Ironveld, said:

“The company is now nearing the delivery of long-awaited value to its shareholders through the execution of a strategically important acquisition and the commencement of mining activity.”

‘By quantum, our vanadium and HPI resources are world class and the quality of our product validated through the long-term offtake agreements in place. We look forward to updating our shareholders in due course.’

As we have written before, the acquisition of the smelter will be transformational for Ironveld, and investors have been hanging on every detail of its progress over the last two years. Assuming the firm successfully secures the debt-funding package it needs to buy the smelter and that it commences production early this year, the business is on course to generate over $1m a month net operating profit.

That’s a net $12million a year, for at least two years as Ironveld takes advantage of various tax shelters. For a firm that still only has a market cap of £9.6m, this is almost too good to be true. Today’s update may not provide much new information but it shows the company is still putting the work in and addresses its historical lack of communication with investors – something that we have previously pointed out.

Despite its many delays, all is still to play for at Ironveld – the firm just needs to such a final £8.2m tranche of project funding to complete the purchase of the smelter. In its full-year results, released in December, the company said it remains in advanced discussions with a number of funding providers, but little has been said since and shares have remained flat this year.

However, in an interview around the time of the results, Cox reassured us that good progress is still being made. If today’s announcement foreshadows some significant news, then Ironveld’s 2.2p share price could look extremely attractive.

Author: Daniel Flynn

[broncowarrior] 28/2/2018 10:51

If the mine has all relevant approvals then it will be easier to get finance for the smelter. One follows the other.