Member Info for annie38

I cannot imagine that J.W. would be accumulating via Tracarta unless he had more than an inkling that the funding is in place which as you say Jasehem would likely be conditional upon the pending water licence approval.

If you are prepared to allow me to go back 4 years, then the answer is AMER which increased in price by a factor of thirty (just a shame I put most of the proceeds in here ! )

Trust the author has no objection to me copying his post here..........
The People's Republic of China is set to invest over R100bn into Limpopo, in particular targeting large infrastructure projects, such as steel production, and power generation, as well as a further R3bn into cement production in Musina, Makhado, and Thabazimbi.

Premier Stan Mathabatha was in China recently to seal the deal, that will make Limpopo a special economic growth area in the next few years.

Additionally a memorandum of understanding has been signed initially between the Limpopo Economic Development Agency and potential investors from the Shanxi province.

The projects are expected to create over 20,000 jobs.

Comment-The Chinese are excellent long term investors, Limpopo looks like it will see some significant inward investment over the next few years due to its unique and plentiful mineral resource-hopefully Ironveld can be a part of this dynamic change.

Well we ain't goint to see any this side of Christmas now.

Perhaps it is his way of expressing his personal frustration and dissatisfaction with the lack of progress here.

Oh, I do so hope that you are right P2 !

Reluctant to speculate, but I would suggest that production HAS to commence earlier than you suggest.

EXTRACT FROM INTERIM RESULTS POSTED TODAY Going concern The Group's present resources and existing facilities are only considered adequate to meet committed overhead expenditure for the period to 31 December 2018 by which time, the Directors expect to have completed the full funding of the Project (the High Purity Iron, Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa owned by the Group). The Directors are presently fully engaged with finance providers to raise further funds which will allow them to commit to the next phase of the Project.

The water licence is pretty much a formality I would think. The funding less so . Still reasonably confident however that it will all come together.

My understanding is simply that if your trade is executed at a price below the indicative ask price (in this case 2.25p) your purchase ,(in this case 2.07p will show as a sale.

Well there is 13.2m delayed trades now showing.

We know Tracarta added 6 million as recently as 27/10/17 . (At what price I know not) I find it hard to believe that they did not know THEN that this placing was on the cards given the connections. Any thoughts ?

The only positive I can take from this unwelcome placing is that it should have the effect of putting a floor under the share price at around 2p for the medium term. On that basis it is arguably quite an attractive binary bet in that any news of funding being completed will probably see this price double while downside would appear now to be limited.

I would imagine that the consultants who were paid in shares in lieu of cash will sleep a bit more easily . I reckon (they are only �61k ( 34 %) down now ) Still better than me !

Lost me too I'm afraid. Master, Just to be clear this is not an oil company !

My attraction to this project has always been that the end product is pretty much a known ,unlike the inherent uncertainty and risk attached to an oil companies drill bit. I cannot contemplate this project not coming to fruition at some stage as the assets are so valuable. Whether Ironveld will deliver is the question. They have however in the last 5 years done so much groundwork in terms of infrastructure not to mention the enormous hurdle of obtaining the various licences etc that there should be at least an intangible valuation close to the current share price. I would imagine that there is a precedent for the scenario we are now in where a bigger player recognises this and steps in to take control and bring it to completion.

I spoke to the Co's financial P.R. Co. Camarco last week, and I was politely directed to the last RNS.of 24th. July. While I am as frustrated as anyone, it is obvious that there had been no material developments to date that require or justify notification by way of another RNS. There is quite a considerable cost in putting out such releases I understand, and I personally would neither wish or expect IRON to waste any of the limited cash they have, on telling us essentially, that "there is no news".

Camarco have apparently advised smelter turned on and working.

Hoping to see a large delayed buy come through soon.

Really disappointed that Zuma survived the vote of no confidence today. Could be a sad case of ",better the devil you know ? Hope no adverse reaction here tomorrow anyway.