Member Info for annie38

With obviously no profit taking to be had at these levels I would only expect the desperate now to be selling. Painful as the current situation is , as long as the likes of Tracarta are not heading for the exit then I will hang on in there as well. GLA

One site showing this mornings 1m trade as a sell, another a buy.

Steven: 2p or not 2p, that is the question .

RNS of 14/2 ... "The Company will hold discussions with the potential off-taker over the coming weeks with the aim of reaching agreement on the terms of an offtake agreement. My thoughts are that if we hear nothing by mid April these " weeks" will have become months.

This feels like death by a thousand cuts (placings) at the moment. Come on G.C, give us long suffering holders a break with some positive news in the next few weeks !

Nowucit: Sorry but struggling to see in that RNS where they actually state that. Can you copy and paste section please or is this your interpretation of the wording ?

Having waited 6 years to get here I am quite relaxed about the situation. A few weeks more is neither here or there in the scheme of things as long as it finally comes off and I see no evidence of Tracarta heading for the exits !

Dont forget this spiked briefly to over 17p in 2013 on sod all. Seems like more justification now for this kind of level if all goes to plan.

To be clear ,the money recently raised was not exclusively for purchase of machinery.
"The proceeds of the placing would fund the purchase of a secondary gyratory crusher and magnetic separation equipment that would be used to process the company's magnetite ore in order 'to meet offtake specifications set by a potential off-take partner for commercial scale testing AND for GENERAL WORKING CAPITAL PURPOSES' Ironveld said.

Potential 2: Lots of people's expectations are going to be dashed if they think there will be any specific news about fund raising at the forthcoming AGM.

Extract from the recent results would suggest news not now far away.
"At the date of approval of these financial statements the initial testing of 10,000 tons remains incomplete and will not be finalised until after the approval of these financial statements. The Group's present resources and existing facilities are only considered adequate to meet committed overhead expenditure for the period to February 2019 by which time the Directors anticipate completion of the initial testing and intend to enter into longer-term testing for a period of 12 months. Such extended testing is anticipated to provide sufficient funding for a period in excess of 12 months from the date of these financial statements."

Yes Jasehem delayed reporting of 7.6 million at 1.70p. now showing.

(For the sake of balance) Why , if this is no good, has Tracarta recently increased it's holding to over 12%

Hope I am not being too pedantic but for clarity it is actually VANADIUM which we are mining.

Very pleased to see that J.W. via Tracarta still has his snout in the trough but where did the rest go ?

My money is on Tracarta again. Hope that I am correct as I think it would bode well.

Well, better than a poke in the eye with a sharp stick !

No need to apologize. I welcome any possible explanation for the delay in the water licence being issued.

I am not sure how relevant water restrictions in Cape town are to us, as we are operating over a 1000km north. Perhaps we are however similarly affected. ???

........my little prophet of doom.