Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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".
So, John Wardle (C.E.O. of Amerisur) appears to be the co -owner of Tracarta and purchased 12.5m shares in IRON on 11/7/17 increasing Co. stake in IRON to just over 7%. Interesting ! AIM is a casino and G.C. a banker (No, that is not a typo !)
The Chaser: Yes I would agree. I picked up from some site that his recent holding was over 16m, and in fact was going to ask on here why it had apparently fallen to the 9.14m as shown on this site. Would really like to know the correct figure myself !
26-Oct-16 Placing Charles Giles Clarke 4.5 GBX 777,778 Holding. 9,148,580 I know he took a further 2m in the recent placing at 2p but I'm afraid I don't know what his average price might be exactly . He has bought as low as 1.95 and as high as 7p in the past. so certainly more than 2p !
Re. KENV being a catalyst for confidence. To be perfectly honest, I rather doubt it. Iron is going to have to make it on it's own merits I think. Really hope that we don't have to wait too long for further news. Have rather lost track of when and what that might be though.
Well I would have been asking him a few more searching questions, such as: 1. Why was it necessary to discount the latest placing by so much ? 2. How are the consultants feeling who accepted their fees in shares in lieu of cash at over 5p ? 3. You originally expected production to commence 2015 are you confident production in 2018 is really achievable ?
Dr. Cox seems to have become the "Arsene Wenger" of the mining world on here. While I am as frustrated as anyone by these endless delays, I rather doubt if there is anyone more qualified or better to replace him. Giles Clarke cannot be a happy bunny either re. the huge slip in timescales, I doubt if he will get involved again in such a project in S.A. as he prefers to see them come to fruition during his lifetime !
I5gotnocash: Interested why you thought it may have been consultant's shares that were being sold ? I would be really concerned if that proved to be the case, as they are closer to the situation than any of us. Why would they sell now at a loss ?