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Sounds like you and I are in the same boat there!
@zippernipper
KOD is my star performer. Fortunately bought a few million 2-years ago, so happy days.
Need it to balance out the startling under performance of IRONVELD.
Ironveld will have its day - just don’t know which one and in which year (or even decade for long term holders )
...ironveld could experience the party we're having on at KOD then this year will be one to remember
So when are we going to see some market interest ? Great potential here. I have 10 mill of these.
Excellent news, very important to the project
Enernet Global completes rapid delivery of 4MW start-up power generation for off-grid smelting facility in South Africa and is on track to deliver full hybrid solar and battery storage system to reduce emissions
10 Apr 2023 13:59
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230410:nGNX7CsXHV&default-theme=true
JOHANNESBURG, South Africa, April 10, 2023 (GLOBE NEWSWIRE) -- Enernet Global ("Enernet") remains on-track to deliver a full-hybrid system for the Ironveld
Smelting ("Ironveld") Rustenburg smelter complex in South Africa, having already provided start-up generation required.
Following the successful implementation of a 1MW temporary power plant commissioned in late 2022, Enernet has deployed the first of four stages of power upgrades for the Ironveld. The first stage involves a 4MW power plant that enabled ‘Hot Commissioning’ of the first of three planned operating furnaces. This process included smelting of test quantities of magnetite ore in order to produce HPI and titanium ****. Working in a close partnership with
Ironveld and their sub-contractors, Enernet managed the rapid delivery of the first stage power with no safety or environmental incidents. Despite the inherent challenges of labour and equipment shortages due to countrywide stage four load shedding, the project was completed in less than 10 days.
Delivering the fast-tracked power involved road freight conveys from
Johannesburg, a 90-tonne crane and a site crew of up to 20 working around the clock to deliver the much needed power in a record time. Enernet's Vice
President Engineering, Dusan Nikolic led the onsite pre-delivery electrical safety tests and inspections. "The delivery of stage one power was a combined effort between Ironveld and Enernet, the quality and speed at which the work was completed is a testament to how well the two companies worked together as a team."
Enernet are now progressing multiple work packages in preparation for the future stages of power upgrades which will boost the on-site power capacity for the operation of three of the furnaces). These upgrades will enable the smelter complex to process approximately 40,000 tonnes of Ironveld's magnetite ore per annum which, in turn, will provide 20,000 tonnes of high purity iron, 190 tonnes of vanadium in ****; and 3,800 tonnes of titanium in ****.
Ironveld Smelting's CEO, Thamaga Mphahlele, commented "Our partnership with
Enernet is working extremely well and is provides us with the confidence we need execute our expansion plans over the coming months."
Imminently, work will begin on the design and construction of both rooftop and ground mounted solar power systems with a combined capacity of 6MW, for which
Enernet's power engineers are working with South African-based contractors.
The final stage of power implementation will comprise a hybrid of energy technologies includ
He left it rather late. Mine was used up 6 months ago.
Martin preparing for some serious tax free gains in due course ????
After what has seemed an eternity , over 10 years for me the company now has all the hallmarks of a growth company. Not much has been said about the appointment of John Wardle, a highly competent ,proven director who raised Ameriser from a small company to a two hundred million company. His knowledge and expertise will be invaluable here. The products were always here at the surface so it really has always ever been when not if. My main concern here is the dilution aspect here which as sure as night follows day will happen with the vast quantity of shares in circulation Sovereign oil was similar Clarke vehicle………
I feel your pain Basher - I was also very pi55ed off with the Jennings hand grenade, but glad I didn't throw the baby out with the bathwater. I think Martin Eales has done a good job over the past 6 months and deserves some credit. Still some way to go until we reach our rightful `7'.
I’m weary of agreements being “imminent” and then not happening as has happened before with Ironveld. The smelter acquisition had me on the edge of my seat because of that.
As a LTH, I’ve been on this ride before. Hopefully, things are beginning to change, but let’s see. All in the fullness of time. I’ll save my congratulations for when the SP has recovered to at least 1p, the price before Align-gate and the subsequent and seemingly cheap, placing.
Taking into consideration Bashers point that it is just an LOI, some degree of worth has to put against the context of the announcement; “BurnStar will supply and install a commercial plant at its own cost”. For it to voluntarily agree to this, there is likely to be some substantial benefit to BurnStar from it. Even if an agreement isn’t reached on the current basis, it may be that IRON can look to profit from benefit that would have gone to BurnStar.
I personally see the RNS as very positive and shows things are definitely moving in the right direction.
It may not be legally binding but to say it is worthless is rather churlish. Don't think many people were thinking too much about ESG, but it is going to be very important for the industry going forward, and this shows positive intent. Well done Mr Eales.
Unfortunately this is another worthless RNS as it’s not a binding agreement. Let’s wait and see IF the deal actually does come off.
Ironveld Plc
LOI signed with BurnStar Technologies for Hydrogen Production
Ironveld plc ("Ironveld" or the "Company"), the AIM quoted mining development company, is pleased to confirm that its subsidiary, Ironveld Energy (Pty) Limited ("Ironveld Energy"), has signed a Letter of Intent ("LOI") with BurnStar Technologies (Pty) Limited ("BurnStar"), to proceed towards a binding Legal Agreement (the "Agreement") under which BurnStar will, implement its patent-pending 'Guilt-Free Hydrogen'™ technology, to process Liquefied Natural Gas ("LNG") on site at Ironveld's Rustenburg smelter.
Under the Agreement, BurnStar will produce hydrogen as a furnace reductant gas which could significantly reduce Ironveld's carbon consumption and enable Ironveld to produce premium priced 'green metals' in South Africa.
Interesting RNS
MMS not letting this go as sellers around. Hopefully next week we should see this slowly moving up. Placing done. No more worries about that. Need seller to move on.
First sales on track for Q2 2023 ramping up full production 2023 looks good too me.
Got that, but the trading today doesn't reflect an 11% rise.
RNS earlier in the week saying we now own the smelter outright. Removes some risk. Also excellent short-term prospects. Should be back over 1p soon.
Why the rise? What just happened?
Nice rise into the Weekend. Yazoo playing in the background :)