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Steven49: We get it - change the record please. Thought you might have got over the Align debacle by now.
Xcoder -Agreed. And for all those that say thre is not enough information coming from the company, well look what happens when it does!!
I can understand investor's frustrations here but surely now there is actual progress underway. They are going through the start up phase which is notorious for holdups and teething problems. A lot of patience required here.
Tracarta investment company shared by Giles Clark and his cronies
Biggest concern is no real income generated yet and not 4 some time reason be no figures, only positive is feel bottom in regarding share price. Grovesnor lol
' I hold here, but have written off my investment'. One of the stupidest things I have read on a Bulletin Board! Could always go onto your online share dealing account and press the sell button? If you're not sure how to do it there must be a tutorial you can read. Hope this helps. ATB
Of course, but take some risk,
Is it. I hold here but have written off my investment.
Investors lining their own pockets with high rate loans as well as arrangement fees and warrants as part of it.
As another poster. Everything is always a few weeks away until the next set back
The most telling thing though is the lack of numbers. I have NEVER seen another reason for companies not to out numbers in their RNS unless they don't want you to know them because they are poor
£500,000 directors loan, 2.5%, 11% interest pa.
As always directors are doing well
More funding needed, more dilution on the way !!!!
It is pleasing to see steady progress being made but it feels a little like 2 steps forward 1 step back. We seem to be 'weeks away' all the time at the moment. Also there are no numbers attached to any of this at the moment and given the company's history, its not surprising to see the share price fall. Surely they could have used this RNS to update the market on their 'maiden sales RNS' from the 28th June?
No -one bought, but I didn't expect sells at 0.27 ffs! This is potentially a very lucrative investment. Why does no-one seem to see this ?
Many these issues should have seen from start, someway go by any real inflow of money, don't trust bod I'm afraid I'm sure directors ect will do well, not sure about small investors,
Hope that potential investors will see this as steady progress. Operational challenges are always going to come in from left field, but they are being dealt with in a responsible way.
No idea if anyone will buy on the strength of it though.
Syas it all really.
Perhaps that is what Reserch Note (4) would say:
"While TPI derives a £30.7m DCF valuation for Ironveld, which remains over two-and-a-half times the Group’s current market capitalisation, we also acknowledge that, based on the various failed promises over recent years, the wider market has lost all faith in IRONVELD and that we are now working to inject some much needed adrenalin in to a seemingly comatosed share price".
What concerns me is that the wider market is fully of aware of what is happening at IRONVELD and is chosing not to buy in to the story.
It would certianly help if IRONVELD delivered a plain speaking RNS confirming furnace progress, production and revenue. No use of words "imminent" or such like. Just a solid progress report addressing production and financials. I wonder if they can do that? I hope so.
Helpful new note out, their DCF valuation currently £30.7m…..positive backdrop with todays RNS. At some point the market is going to wake up to what this Co is doing and what it offers………once the chinese sort their economy out, it might even get a blockbuster offer at a future point. In meantime keep on growing organically with no nasty surprises! Good luck all
The RNS need to be read against the 27th Jan details.
Quick start means 10,000 tons instead of original 27,000 tons. So initially much smaller but leaves room for expansion. The fact its complete in 4 weeks is good news and a free revenue steam.
GLA
Agreed - reads positive to me. 10,000 tonnes gives an indication on revenue too. Would have been nice to have had an update on furnace three - that was ‘weeks away’ weeks ago…
At first look this seems like a good deal. Limited investment risk and some tidy additional revenue streams. Don’t see anything not to like here.
First sales in June - we could do with an update on progress since then.
Yep. So it seems. Stone cold dead.
Let’s hope for a resurrection.
We need some news. According to previous RNS/interviews we should be firing on all cylinders by now, so why haven't we had any confirmation news ? I bought another 767k this morning in anticipation !
At the moment they are still going through the start up phase so lots of one off costs that will distort the picture, and sporadic revenues. Once the final smelter is online, and the granulator fully up and running, we should get to a position where we have a more stable cost/revenue stream when I would expect an updated research note clarifying FCF and profitability moving forward. That would give clarity on the case for continuing as is or investing for a powder product. Importantly will also give an indication of the case for a larger set up adjacent to the mine, and the sort of value another player might place on it. Lots to look forward to!