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Next month Where's it state that, early 24, read into it what u like, this will be sold off I'm sure unlikely funding will be secured, all badly managed why other guy brought in,
Yes, we should be funded until Q3 next year. Nevertheless, since production to restart next month, revenue will start coming in as well.
So they had 19,000 at the end of the period. They had a funding round after that. So considering this and assuming the same cash burn as last year (around 700k), is it correct to say that they should have cash at least until next September?
Yep, MC only 7.5 mill definitely worth a punt at these levels.
Waited this long, can wait a bit longer......... Stuff is still in the ground at end of the day...... Tonnes of it
I think we were all misled by previous comments about the furnaces being up and running. Shows the integrity of thew board.
I have read the RNS and yes, small delay, but its only delayed to January 2024. thats only less than 1 month away.
we expected to re-start operation next month. so its not too long to wait and this drop is way overdone imho. Our mcap already too tiny, so this should rise back up imho
"In addition, the Company has formed a DMS Magnetite joint venture with Pace SA, named IPace, which secured capital funding from Sable Exploration and Mining in September 2023 to develop a business to crush and magnetically separate ore directly from the Company's mining operations for direct sale to end users. At the time of writing, this project is well advanced but commencement of activities has been impacted by extended delivery times for critical electrical components and the first production is expected late January."
Wow, absolute shambles…
Love to hear what positivity that ‘SmartMoney’ bloke has to say lol 😂
Very disappointing.
I was a long term investor in Amerisur and, to my shame, believed the BoD’s blandishments (as did my broker), before being sold down the river. Apaches and stagecoaches spring to mind.
After that experience, I wouldn’t go anywhere near any company Clarke was involved with. Not investment advice though. DYOR (…and good luck!)
By looks of the slow progress and the funding still to be sorted, it will prob go to .10 before any traction.
Terrible RNS well thought through, shambles, blunt poor results, no certain funding will be secured, sold off my guess
So the smelter is not actually doing anything ! Another couple of months to finalise funding, but if they don't succeed this is finished
10p will be well sold off b4 even reaches 2p let alone 10p, not 4 keeps I'm sure,
Love your optimism David… My brake even point 1p would be a great start. Let’s hope 2024 is the year we see this share get going
I too have 10m shares and will hold them until the SP slowly increase to 10p over the next few years
Results due end of year.... Hopefully good Xmas present.... Also last RNS update said they hoped for an update of operations before end of year.
In spring and early summer the RNSs were quite bullish, but things have dropped off to just the odd TR1 now.
SmartMoney1 - looked at your lengthy rampy posts, you write like a professional stock promoter that’s for sure! Since your ramping here, anyone that’s invested has lost money. IMO shareholders will lose out and Tracarta will eventually take it private. Their continued mopping up of shares might be perceived as bullish to some, but let’s wait and see eh…
I've got 10 million of these and am hoping I will have something significant to show for it before the spring.
ShareBag, it’s been exactly four weeks since the company’s notable fundraising and leadership change announcement. In the stock market, that may seem like an eternity. However, in reality, this time period is wholly insignificant, especially when evaluating this potential multibagger:
• The company’s shares were changing hands at 0.32p only 10 weeks ago. And since then, the share price has dropped to 0.225p on extremely thin trading. Meaning, the free float here is puny. Or put another way, a substantial (in excess of 85%) number of shareholders are super long.
• The company's conservative NPV currently sits at £88.4m (8% discount rate). This equates to 2.24pence per share. However, the price of HPI continues to rise; currently £14.26 per Kg! And what’s the size of our JORC-compliant magnetite resource? 56 million tonnes! 68.6% of that is Fe2O3!
• House broker Turner Pope has slapped a highly conservative £30.7m DCF valuation (0.78p) for the business, which is over two-and-a-half times the Group’s current market capitalisation.
• The company’s head honcho, John Wardle, a former Emerging Markets CEO of the Year, has invested in excess of £1.4m into the company. And alongside his fellow BOD members, they control circa 17.5% of the business, which was secured at markedly higher share prices than today’s paltry mid-price of 0.225p. So the risk-reward ratio, at this price, is nothing short of incredible.
• Premier Miton, Catalyse (Jennings), and Jarvis all collectively control in excess of 15% of the business.
• Earlier last month, I mulled with concealed excitement at monsieur Wardle’s actions – where he stumped up half a million pounds, at a premium to the prevailing share price, to increase his shareholding in the company and, subsequently, took the reins from Giles Clarke in the middle of direct funding discussions!
Fellow investors, if you think the price of winning is too high, as in waiting for ages for a stock to come alive, then wait until you get the bill of regret which, by the way, is generational.
And a substantial number of private investors, today, are in possession of significant 'bills of regret'. “I wish I had just held a little bit longer before EUA exploded, or before ARB went stratospheric. The list is endless.
Thus, 4 weeks, 8 weeks, etc., is immaterial compared to a lifetime of regret for not exercising patience. To this end, I refuse to be swayed by emotion and, instead, remain steadfast in my resolve to see a substantial return on my investment.
I agree with you, not long now.
AIMHO.
.
"The Ipace DMS Magnetite joint venture is progressing as planned and first product will be shipped and sold in November 2023."
I am sure we will get an update on this soon and then we can see the sp move. It does take months and years for small mining companies to re-rate - I hope we have passed the years and its a matter of months now.
Taking it private? What would that mean to the shareholders? Sorry if this question is obvious to some.
I dunno - seems too soon? Ironveld have yet to publish any earnings from sales. I think this is ultimately what the market wants to see before we see a restoration in the share price. I can’t see why Ironveld would entertain taking this private when this news is within weeks. I would also only suspect Martin Eales would only except a deal (appreciate it’s not all down to him) if the share price was higher than when he took over – anything lower would be a failure in my opinion. If it’s possible to work out, would love to know what Giles Clarke, John Wardles and Martin’s average position is. At what level did Premier buy in at? Anyone remember?
This could be taken private very soon.