Plenty of news due here. The most important will be regarding the financing of the new smelter.When that is confirmed (and it has got to be imminent in order meet the 2015 production target) all the other pieces of the jigsaw will fall into place and I believe this share will take off.
http://www.miningweekly.com/article/iron-project-in-northern-bushveld
By: Martin Creamer
28th March 2014
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Iron aspirant Ironveld, which is listed on London’s Aim, expects to be producing pig iron on the northern limb of the Bushveld Complex at pilot level by the middle of next year. Read on page 6 of this edition of Mining Weekly of the 12 MW pilot project being a precursor to a far larger 300 MW production complex in late 1918. The Aim-listed Ironveld expects to mine 2.4-million tons of magnetite a year as feedstock for its eventual million-ton-a-year pig-iron plant, which will also produce vanadium and titanium by-products. What the now troubled Highveld Steel & Vanadium has been doing for more than 50 years is what Ironveld will be doing with a lot more modern equipment and more modern processing techniques on a resource that has 32-million tons of recoverable iron. Ironveld is aligning itself with the drive of the South African government to beneficiate the ore and not just export it, which will earn it significantly reduced mineral royalty payments.
"Ironveld's marketing campaign resulted in significant interest in our product"
Sounds very encouraging. Would imagine they are just dotting the i's and crossing the t's on contractual arrangements, which will then result in all of the other pieces falling into to place shortly.
Last year the interim report was released on Thursday 28th of March, based on that this years report, hopefully with a full update, will be released in the next 2 or 3 days.
JCIG not sure what you are trying to infer? If you read Giles Clark AGM report you will see that there is a lot of news due. The rise in the share prices caused many including myself, to speculate that good news was imminent. As no news was released I took the liberty to contact the Company to ask the question and reported the response here. I have been in here since 2012 when the price was 2p and have posted my research all along. Hopefully many have made a few bob!
I think its clear that there is some imminent good news based on the way this has performed in the last few weeks. Remember this time next year the first smelter will be nearing delivery!
Agree with you Biggie, the activity here over the last week or two means that a big announcement is on the cards and is likely to involve positive funding news.