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Yes 1p is good imho. What Align are suggesting, imo, by stating "For the record, we reiterate our preparedness once again to hold our corner in a raise north of 1 pence" i.e. they would participate and support a funding at over 1p. I assume the BOD rejected their offer and are looking to fund at a lower price which would dilute share holder value and that is why Align are upset. It will be interesting to see if we do have a funding, if the current BOD attain more share at a much lower price than Align's offer.....
http://www.alignresearch.co.uk/ironveld/statement-to-ironveld-shareholders-ref-gm-requisition/
I think this is very likely true as it makes sense and is in line with Iron's RNSs
https://mobile.twitter.com/CThomasNRS
I believe the two "development partners" will be submitting their proposals to Ironveld by early April. If acceptable one will be selected and hopefully the "off-taker" deal will also be concluded concurrently. So I expect big announcements Mid April onwards.....
The net proceeds of the Placing will put the Company on a stronger footing and cover its overheads as it continues detailed discussions with two potential development partners for the Project, who are currently engaged in an extensive due diligence process, and with the potential off-taker following completion of the bulk sampling programme.
Here's the original report which the new results validate. Does anyone know the latest price of tanatalum....
https://kazeraglobal.com/wp-content/uploads/2018/10/KV-Prelims-Final-231115.pdf
The Company's technical advisers, MSA Group, continue to indicate that they expect to produce an ore resource report for Homestead and Purple Haze by the end of Q1 2019. The Company is still on track to start drilling on the Signaalberg and White City pegmatites in the next few months moving to an ore resource report for all those areas during 2019.
The Company also announces it remains in detailed discussions with two potential development partners for the Project, who are currently engaged in an extensive due diligence process that may lead to offers that would facilitate the commencement of smelting operations by the Company. The Company will provide further updates to the market in due course.
Come on Iron do the flippin deal....
Based on BMN's average revenue per kilo last year that's how much I calculate the value of our proven vanadium resource is worth. That's without HPI and titanium. Now we are starting to roll I'll be very surprised if we are not in double figures before the end of the year and possibly much sooner.....
"· Ferrovanadium price averaged US$81.2/KgV in 2018, an increase of 148.9% relative to the previous year."
"The Company has now delivered sufficient tonnage to the potential off-taker for them to undertake a full kiln smelting test and expects to receive the outcome of the test in the next three weeks following which the Company anticipates that a long term off-take agreement with the off-take partner will be reached."
The outcome of smelting tests expected in next 3 weeks i.e. by 8/2/19 latest. Assuming successful, I wonder if the terms of the agreement are already agreed and just need signing or will there be a period of negotiation? In addition what exactly are the numerous potential development partners interested in? I would guess that they want a piece of the action i.e a stake in the business?