Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am indeed flattered that anyone should take notice of what I post ! I really have no idea what has caused the recent recovery, other than the drop having been a bit overdone due to the delay in getting the land lease signed. Original timescales are now of course out the window, however construction is expected to start shortly after getting the land lease. I remain confident that all will eventually come together but please don't hold your breath. The delay is very frustrating but I still think we should finish this year substantially higher on news of progress.
Found on another site. Sure the author will not mind me posting on here. "I believe the proposed smelter is going to be built on land that is half owed by one government department and the other is owed by another government dept. They couldn't agree on who would sign Ironvelds lease. They have now agreed that both will sign, so only a matter of time! Giles Clarke confirmed this at a recent presentation.
Troysius: I do not think it is at all "obvious that they are struggling to raise the money" as you state. From RNS of 20/5/16 : "The land lease agreement for the 15 MW smelter is being processed by the Department of Public Works and represents the last milestone FOLLOWING WHICH the Company will be in a position to conclude the financing package and commence construction." It is therefore only obvious at this stage to state that there has been a delay in the land lease agreement. I would also question whether the consultants who were recently prepared to accept shares in lieu of cash would be prepared to visit a casino with their fees !
Ironveld announces that arrangements have been made with a number of consultants to convert fees payable for services into new Ordinary Shares in the Company. The Company has approved the conversion of £42,752 representing amounts of fees owed to consultants into 743,513 new Ordinary Shares, issued at a price of 5.75p per Ordinary Share. Somewhat reassuring in view of the present share price I think.
asks a searching question. https://www.youtube.com/watch?v=a4GdWK_WoNs
With a holding of over 17m shares even G.C. must be hurting a bit. I see he bought last year, 175k at 6.18p on 8/12/14 and150k at 7p on 10/12/14. It would be encouraging if he were to repeat this at the current "bargain" price.
In my opinion this is a make or break share there being no “middle ground” in the short term. The project will ,eventually ,either come to fruition (in which case it will very likely multibag from here) or for some unforeseen reason it will not, in which case of course the share price will completely collapse. There certainly seems to the political will from the S.A. government to make this happen and Giles Clarke ( who presently hold over 16m. shares) has the credentials if anyone has, to pull it off.