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Why the rise? What just happened?
Nice rise into the Weekend. Yazoo playing in the background :)
Starting to move now at long last. A bit under the radar I think.
https://www.miningweekly.com/article/ironvelds-fcf-buyout-now-unconditional-2023-03-29
Hopefully this will start getting some positive attention and an increase in trading volume.
Ironveld describes 'transformative' first half
Thu, 30th Mar 2023 16:04
(Sharecast News) - South African iron, vanadium and titanium developer Ironveld reported a "transformative" first half on Thursday, marked by the acquisition and refurbishment of the smelter facility at Rustenburg, which started in August last year.
The AIM-traded firm said the acquisition and refurbishment were funded by an equity placing of £4.5m, which was completed in August.
First mining activities also began in the half-year, to ensure a consistent supply of magnetite ore to the smelter.
Since the period ended, the company saw first production from the smelter, an additional £2m fundraising from shareholders, and the smelter acquisition becoming unconditional.
Looking ahead, Ironveld said it expected first sales to be on track for the second quarter, in line with its original plans.
The smelter was anticipated to ramp up to full production capacity by the middle of the year, with strong demand for Ironveld's suite of speciality metal products.
Additional revenues were expected from the DMS Magnetite joint venture, also due around mid-2023.
"I am very pleased with the progress we made over the half year period to December and have already made so far this year," said chief executive officer Martin Eales.
"The coming months are due to bring many more positive developments as we build up production at the smelter and make progress with our other projects."
Share consolidation is neither here nor there, Mcap will remain the same.
Think will be share consolidation b4 then
Once cash is flowing they need to make a lot more market noise about their success, won’t get to those levels on 20 trades a day
I think if we reached 0.85p we might as well press on a bit further and reach 1p. Nice round number. That would be a Mcap of only £35mill, which is still very modest really.
Oops, decimal point in wrong place 0.85p
What ? 0.085p is less than what we are now (0.35p).
So say 0.085p if 100% of that dcf valuation is reflected in the share price, before any hope value for what may then follow, and assuming no operational or market @#&* ups in the next 6 mths ! Sounds reasonable to me…..
From ADFN board
: TPI has prudently modelled the opportunity presented based solely on the smelter's first phase of proposed commercial expansion and utilisation only of existing wholly-owned plant, from which it derives a £30.7m DCF valuation for the Group, which remains over two-and-a-half times the Group's current market capitalisation.
Anyone care to guesstimate the potential sp in, say, 6 months ? (No crazy responses please).
Deliver in the next 6 mths, get the cash flow coming into the bank and then this should have a massive re rating
Hold for Gold IMO.. 18 - 24 months, ramp up to full production, Take out at a high premium to sp
GLA
Ironveld plc, the owner of a High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the "Project") is pleased to announce its interim results for the six months ended 31 December 2022 ("the period").
Highlights
· A transformative period for the Company saw the acquisition and commencement of refurbishment of the smelter facility at Rustenburg, from August 2022 onwards;
· Acquisition and refurbishment funded by an equity Placing of £4.50 million, which completed in August 2022;
· First mining activities also commenced prior to period end, to ensure consistent supply of magnetite ore to the smelter; and
· Post period end saw first production from the smelter, an additional £2.0 million fundraising from shareholders and the smelter acquisition becoming unconditional.
Outlook
· First sales on track for Q2 2023 in line with original plans;
· Smelter anticipated to ramp up to full production capacity by mid 2023 with strong demand for Ironveld's suite of speciality metal products; and
· Additional revenues expected from DMS Magnetite joint venture, also due around mid 2023.
Martin Eales, CEO, said: "I am very pleased with the progress we made over the half year period to December 2022 and have already made so far this year. The coming months are due to bring many more positive developments as we build up production at the smelter and make progress with our other projects."
Looks like the company is back on track - good effort by Mr. Eales. Interesting paragraph about Grosvenor: seems to be corporate speak for `we swallowed a line of BS from you, you let us down, and if you want to come back in it will be on our terms'. Anyway, we all make mistakes and hopefully learn from them. Onwards and upwards.
Now Q1 is over, the keys aspects to production are not far away either:
· First sales on track for Q2 2023 in line with original plans;
· Smelter anticipated to ramp up to full production capacity by mid 2023 with strong demand for Ironveld's suite of speciality metal products; and
· Additional revenues expected from DMS Magnetite joint venture, also due around mid 2023.
A lot to look forward to here, and over the short term (mid year) too.
our mcap is tiny despite about to seriously producing. look at Prem, rising dog from 0.1p to near 100p and now around 200m mcap without any production.
i believe Ironveld will follow similar footstep soon, rising towards 100m mcap and even more as we start showing production numbers.
i am buyer at this cheap price.
Interims due next few days - maybe an opps update two - hopefully furnaces 2 and 3 we be running and they are stock piling the end product ready for shipment - better still, we have already shipped some gear and expect to be paid shortly (q2 obviously as nothing is ever done with IRON ahead of schedule lol)
@steven49
Can you put your usual negative spin on this please? ;-)
It’s nice to finally have this in writing. Things are moving at a decent pace here.
Ironveld announces that the acquisition of Ferrochrome Furnaces (Pty) Ltd ("FCF") by its subsidiary Ironveld Smelting (Pty) Ltd is now unconditional in all respects. FCF will, in accordance with the Companies Act of South Africa, be taken out of Business Rescue in the coming days and the transaction will close in accordance with its terms.