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Market is overreacting - too early to give figures - only just started and not up to full capacity.
And now down from +5% to -5%....
When something doesnt smell right, it usually isnt right.
A weak RNS, limited information, negative reaction by the market... how does that smell?
For the RNS confirming we have gone from an explorer to producer there wasn’t much substance to it. Missed opportunity from the Bod to make a big song and dance about it
There's no way this should be down on the news in the RNS. Needs more volume I guess.
No numbers on tonnes sold because a lot of inexperienced investors would take tonnes sold devided by days since smelter started and work out a run rate.
They are moving forward and at a time line stated
And now somebody is dumping at less than the opening price, so maybe some shorting action underway.
This is exactly where I stand as well Basher. When figures aren't included it's usually done for a reason but hopefully I'm wrong in this instance.
Basher - I think you are overthinking it. Let's wait and see. With all the recent history, this is hardly the most popular mining share on the market, so it will take some time to get the sentiment back.
And it seems that LSE is once again changing my words and use of caps…. Jeez. All being run through an AI programme by any chance?
But as a LTH, I hope my caution is disproved….l
@lamps56
an indication of tonnage rather than “ entirety of titanium **** produced so far this year” would be available.
having been around significant contracts and lawyers for many years, i’ve learnt to recognise loose or vague language. the words in an rns are screened by legal prior to release, so i stand by comment that i remain cautious. market seems to agree with a poultry 4.5% “jump” on such “significant” news.
For all the `cup half full' cynics, the June figures would barely have been booked yet, and early production volumes won't tell you much. Wait until September-ish when all three smelters are in steady state.
This is a long awaited milestone - well done Martin Eales.
Hooray - best wishes to all who have been here since Mercury Recycling days!!
Great news. I guess you won't really get figures at this early stage but very positive.
At last long time coming, no figures go on, await finance news
Exactly. What is not said is just as important as what is said.
Some numbers would've helped.
Let’s see how the market reacts. So far any “good news “has been rewarded with luke- warm interest.
high purity iron and titanium **** first sales achieved on time! well done to the ironveld team on this milestone. onwards and upwards. atb
Meant to be selling the stuff by the end of last month but nowt by way of communication - are we, are we not, have we cash or running dry - from last paving for contractors doesn’t sound like we have much left in the pot
Need more money in time either through Grosvenor Resources or another placing
Not in profit yey though. Buy after the next fundraise lol.
Xcoder, Ironveld stock has been forming a shallow consolidation since the 31st May 2023 (post the webinar). This is an extremely bullish formation and bodes well for the coming weeks and months.
Now, for those unfamiliar with the term, a shallow consolidation means the stock is not in a race to move either higher or lower. This type of chart formation is positive for a stock because it’s often a sign that investors are, essentially, holding and accumulating shares ahead of the next starting gun.
And in the case of the Ironveld stock, this is what appears to be going on. But that aside, and when positioned against its current bargain-basement market cap, the current fundamentals of the company are simply off the scale!
• The company is sitting on 56 million tonnes of magnetite resource!
• With two furnaces currently in operation, and a third on track to be turned on soon, the company is producing HPI, Vanadium, and Titanium products.
• The company is projecting profitable revenues of £16m ($20m) by August 2023 – this excludes projected profits from the DMS joint venture, HPI conversion into powders, and any further expansion of smelting facilities!
And all this for a paltry £11m!
Yes, feel free to bark the unsavoury but apt remark, “What the ….!”
Thus, take cue from the random, lumpy, share purchases made over the last three weeks. It may look contrived bit it’s not. It’s good old fashion avarice – where investors are scraping together cash to exploit the spectacular price disconnect that is currently on show, and on the premise that, the opportunity will soon be gone.
.
Thanks dipin - good to know.
Not total radio silence... Still tweeting and posting on LinkedIn where a few of the Ironveld employees now have profiles. Waiting game for most of us at this point hoping all is on track.. Quietly confident with the webinar only a few weeks ago