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Yes I agree that the delay is hurting the share price. Shore Capital, Ironveld's brokers surely need to be making more of this in particular the difference between the value of our HPI compared to iron ore. Maybe they are waiting for the agreements to be finalised.

This Company is currently valued less than it's first full year's profit forecast for 2017 of $22,700,000 and that is when it is only at 4.2% of it's annual production target (42,000 tonnes as opposed to 1,000,000 tonnes). I believe that the value of this company is being held back because it is perceived that it is an iron ore producer when it is not. In the Companies August presentation ( http://ironveld.com/presentationAug2015.php ) it forecast that revenue per tonne for its HPI will be $900 (20 x greater than iron ore) without adding the value of Vanadium and Titanium. I am convinced that when the immanent signing of the funding and off take agreements are complete the value of this Company will escalate rapidly.

I believe finance is now in place and the off take agreements are a matter of timing to maximise prices. Hopefully this will be confirmed shortly.

I'm hoping we might get the mining application approved shortly and that will be start of substantial growth here . Nice Pictures of VTM Ore, High Purity Iron and Vanadium **** https://twitter.com/pjcminer/status/568383669410402305

One of the problems here is that the market perceives that this is an iron ore project and it's definitely not. It's an extremely High Purity Iron Pig Iron ("HPI"), Vanadium and Titanium project. HPI commands a premium price over Pig Iron. The value of Iron ore does not affect Ironveld's project. Once the market understands this the value of this company will react accordingly. "A definitive feasibility study (DFS) at pig-iron developer Ironveld’s Limpopo-based pig iron and ferrovanadium play has confirmed the project’s ability to deliver an “exceptionally” high-grade 99.5% iron product called high-purity iron (HPI), which commands a premium to the price of conventional pig iron."

I believe this will be the optimum time to buy here. From reading the RNS this appears to be an incredible opportunity i.e. finance in hand, all licence applications in and to be determined shortly, local and Government support for the project, first smelter to be ordered shortly, production first half of 2016, extremely high purity iron and vanadium plus titanium meaning premium prices and strong demand. Plus Directors buying in again.

An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate. Our Year End Was 30/06/14.

It appears that the BOD have resisted a full fund raising at this stage, on the basis that the current low share price would have meant higher dilution. I am sure they are waiting for off take agreements and mining licence application to be finalised, at which time the share price should be significantly higher, before the full funding is raised. IMO I think the BOD would like to see the share price well into double figures before the next placing. Additionally it is very encouraging to see the non execs taking shares in lieu of salary Considering this project has a 7 year project timeline 3 months delay is neither here nor there.

Long time no speak. Good to see you back. I'm sure we are in for a whole raft of good news here before the end of the year. Like you I think we have just seen the bottom. The BOD still sound very confident.

the big news in September regarding financing, government grants, mining application approvals etc. If all positive as indicated by Dr Peter Cox, this will be a huge step for the Company and we could well see the share price begin to reflect the companies real long term value.

Peter Cox appears extremely confident that all is going to plan regarding the first smelter being in production in the last quarter of 2015, which will be a great achievement. I genuinely think this share price will escalate for here on in.

Heard the big finance news will probably be late September. But I assume our BOD will need to know the outcome of this application before it can be made. By the sound of it all on track as production still scheduled to commence late 2015. Been here nearly two years but always knew this was a 5-7 year investment for me.

These things always take a little more time than expected. I am in here since 2p and I'm not budging. Someone I know spoke to a Director 2 or 3 weeks back and he thought the news was more likely to be after the summer break rather than before, although he was confident there was not a problem with the financing.

I've heard it will be after the summer break when the big news comes in regarding finance, licencing, smelter etc. I think by December / January 2015 this could easily double in price.

Nice big buys coming in. Could be good news soon!

Published by Shore Capital 23/4/14: NORTHLAND UK VIEW: The completion of the DFS for a small scale 15MW smelter is an important milestone for Ironveld. The 15MW smelter will act as a proof of concept for a larger scale operation that includes four 75MW smelters and, as a result, the economics of the 15MW smelter are not the main draw though it will be cash flow positive. By demonstrating that it can build and operate a smaller scale smelter, Ironveld will de-risk the larger and higher capex (c. $938m) operation for potential funders. A Pre-Feasibility Study for the larger operation demonstrated a post-tax NPV10 of $1,069m and an IRR of 28.8%.

Be very surprised if they were sales, would think someone was mopping up before todays announcement.

Well done Peter Cox, the BOD and staff. All expectations are again surpassed in this amazing project. Finance looks in the bag with minimum, if any, dilution. All required services are in place. Mineral grades are higher than we could have hoped for and we have significant interest in all our products including the huge volumes of titanium we have discovered. This must be one of the the most undervalued shares on the market currently imo! Would like to see Shore Capitals latest NPV forecast.

Perfect summary, thank you

Ironveld was initially funded to establish and prove all the resources and gain the appropriates licences etc and that's what they have been doing for the last 20 months. The purchase of the first and subsequent smelters was always going to be paid for by Government grants, finance and probably a placing. This has always been taken into account in the broker forecasts. I see the raising of the finance to fund the first smelter as a key milestone for the company.