Member Info for annie38

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 !)

This is a General Meeting to approve the Conditional Placing of £0.7m worth of shares per last RNS.

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 !

Piltick. Not a typo. As far as I am aware 75Mw. is indeed the smelter rating of the larger smelters proposed for this long, long term project.

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.

Coincidently in 2009 G.C's other baby , AMER was at this price level (and I had almost written my holding off) before going over 60p about 5 years later . I'll happily settle for double figures here !

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 ?

I reckon G.C. made a paper loss yesterday alone, of in excess of £90k, based on his present holding. It would be nice to see him averaging down at the earliest opportunity !

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 !

Looks like a cunning plan. I bet G.C. had a hand in it ! G.L.A.

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 ?

Plague of locusts spotted in the Limpopo region !

I presume someone is buying them .

Thinking perhaps that we should all simply get down behind the couch and invest the loose change found on this one . Probably would be enough to push the share price up 10% !

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.

This transaction took place almost three months ago.

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.

Steven. I sold some this a.m. which I would suggest rather undermines the validity of your earlier statement.

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 !