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http://www.proactiveinvestors.co.uk/companies/stocktube/7705/ironveld-eyeing-up-production-and-profitabilty-by-q1-next-year-ceo-peter-cox-7705.html

Yes we were supposed to have confirmation of the purchase by end of April. I like and have faith in Peter Cox and know he, if anybody, has the ability to bring this to fruition.

Gets us into production faster and very small dilution. When the 16Kw smelter is also up and running, hopefully late 2018, we will be producing 63,000 tonnes of HPI at $1000 per tonne = $63million + 571 Tonnes of Vanadium at $24,000 per tonne = $13.7million + 12403 Tonnes of Titanium at $800 per tonne = $9.9million. That's a total of $86.6 million revenue in the first full production year which will probably be 2019. Looking very positive imho.

As I stated on a previous post a fellow investor said he had spoken to Peter Cox who was very positive and expected it to go through in a few weeks. The RNS said early Q2 so it appears to be in line with his conversation.

Peter Cox said 6 weeks ago that the Land Lease would be approved in April and that has been reiterated here which is good. Also looks like the finance is all but in place. Once these two items are in achieved we will actually have a fantastic business. We have all been frustrated here, including I'm sure the BOD, but it will prove to be well worth the wait.

A fellow investor said he had spoken to Peter Cox who was very positive and expected it to go through in a few weeks.

has been the delay, but hopefully will signed off in next few weeks. I believe finance is already agreed so when land lease is actually signed we should be ready to order our smelter and mining equipment.

At the current prices Iron is likely to have much more upside. Directors will know that and that will be the reason for the trades.

Great fun, thanks Troajan

It's definitely Trump and Putin playing this. I'm sure I saw an Ironveld brochure on Trump's desk in his recent interview with Michael Gove.

Yes that is what I was told by someone who actually spoke to Giles i.e. the Government Departments were unsure who should sign it. Apparently that has been sorted now.........

Appears to be the last stumbling block. A bit tricky as usual regarding South African Politics, but this project ticks all the boxes. Once approved I think we will be good to go.

Must be news due. Trading is very unusual......

I have been advised all material revenues for Ironveld will be in $. Ironveld forecast $24.6 million profit in it's first full year of production (see investor doc Nov 2015 on ironveld.com). That profit would have produced £15.77 million profit based on the then exchange of $1.55 /£. However if you apply the current exchange rate $1.21/£ it will increase profit to £20.33 million which is a 28% increase.

Great news. Just need to sign off Finance, Landlease and Smelter purchase agreements, which must now to be a formality and we will have an amazing business. Note BOD forecast $50 million turnover and $24 million profit in the first full year of production which should be 2018 (Note all materials are already sold for the first 5 years of production). From those figures I expect an EPS of $6c or 5p. IMO that will equate to a 40 to 50p share price. Once that is achieved the predictors should be circling because of the project's enormous stated full production potential of one millions tonnes per annum. If that level is achieved we will produce $1.2 billion revenue and $571 million profit based on the economics of the first small smelter, but of course larger smelters should be much more economical to run.

October Surprise. Come on BOD!!

from my and other investor discussions with the BOD they have been and remain very confident that the project will be successful and very profitable. We need those final pieces confirmed i.e. Finance, Smelter Order, HPI Off Take Agreement and Land Lease and then we know we are in business. As highlighted it is probably the Land Lease which has been the stumbling block, hopefully when that is finally authorised the other pieces will quickly be finalised.

The BOD have had ample time to put the final pieces of this jigsaw together here. We require an announcement confirming just that, so we know we are as Peter Cox said "ready to rock and roll" !

Think news will come now after the summer holiday as nothing tends to happen in August. Like most projects of this nature small issues can delay. From all accounts the Board are very confident regarding this project. As previously stated when the announcements are made regarding Finance, Land Lease, HPI Off Take Agreement and that the Smelter is ordered we will know we are in business and this will take off...........

Hopefully this week