Member Info for annie38

With more than 300 million shares to be dumped on 15th. December at 0.3 pence. I think I will keep what little powder I have left dry.

From recent RNS: "Taking into account available cash resources and the expected Net Proceeds, the Company expects to have sufficient cash resources to fund operations into the first half of 2022."
I was thinking that 18 months (which was suggested) was rather a long time. You could interpret that the above actually limits this to nearer a minimum of only 12 months could you not ?

Same experience with Halifax.

Well it was nice being a penny share ....for a while !

The very fact that the share price will take off when funding is arranged is in itself a terrific incentive to make this happen.

Was thinking the virus may be the death for Iron but perhaps not ? From interim results:
"For Ironveld, there are currently no operations or supply chains that have been interrupted and there will be no material day to day impact other than restricted international travel which can be dealt with using electronic communications."

How is this meeting going to be conducted given the current situation ?
"The grant of the Option and the Fundraising in general are wholly conditional on shareholder approval being granted at a general meeting of the Company (the "General Meeting") and to the Takeover Panel granting a Rule 9 Waiver*. The Company will publish a circular together with a notice to convene the General Meeting in due course. Under the terms of the Option Agreement, exercise of the Option must occur on or prior to 17 June 2020. Should these conditions not be met, then the Fundraising will not proceed. "

Can't take the credit for sourcing this . Only found it on another B.B. Sounds quite positive all the same.

https://www.brrmedia.co.uk/broadcasts/5e3c0041397af40afa52b455/ironveld-video-update-from-cape-town-2020

Ismalia: In my opinion Martin Eales has taken on the position of C.E.O. to develop Ironveld.
I rather doubt if he is proposing to put it up for sale and pick up his P45 after 3/4 months .

A spread of over 15% is hardly likely to encourage any buying.

Moneymaker "The Group's present financial resources and existing facilities are considered sufficient to enable it to operate until March 2020" Begs the question , would M.E. really take up this position if he was only going to be paid for a period of app.6 weeks ? This would suggest to me that funding is not actually our biggest hurdle but has already been dealt with.

Fortitude, Indeed your memory does serve you well. Veteran certainly, with the shrapnel still embedded . We should probably be awarded some kind of medal for long service here. Thanks for your thoughts and hope this one finally gets off the ground as that is all that is required to see it fly .

Surprised that no one appears to be buying into the story here in view of the appointment and options granted.
Any thoughts why ... Fortitude ?

Attendees:
One man and his dog apparently.

roosters: Have a read at the latest RNS.

Yes bigsmoke as far as I know. A dog would have probably been more appropriate though.

The timing of the transaction(s) (11 seconds apart)
tell you that these are NOT 2 purchases but rather likely a rollover.

From today's RNS " ...we believe that the potential of the Project is best recognised by third parties " What an admission of abject failure ! The only positive thing that I can take out of the situation is that G.C. will strive to get a decent price even if it is only for his pal John Wardle of Tracarta who holds holds than 10% of this .

Surely the assets here are worth so much more that our present market cap. of £6m that we could be vulnerable to a take over. Any thoughts ?