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its a good job this isn't an iron ore company !!!!!!.......Ironveld will own and operate a 15MW DC furnace to beneficiate the ore to produce high purity iron products, vanadium and titanium .......thats known as HPI (high purity iron), which sells for around $1,000 / tonne......dont get mixed up with iron ore, Ironveld is not an iron ore producer....far from it !!!!!!!
Although at first glance it may appear that shares of Ironveld are rather ragged in terms of the recent price action on the daily chart, this is a decent technical setup. This is at least in terms of those looking for a bullish opportunity. This is said in the aftermath of the latest bounce off the floor of a broadening triangle formation in place on the daily chart since this time last year. Added interest is provided by the way that the end of August has witnessed an exhaustion gap reversal from the floor of the triangle, something which along with the bullish divergences in the RSI window after the lower second support this month, suggests a rebound is already well underway. The view now is that provided there is no end of day close back below the 10 day moving average at 4.75p, we could see an initial target of the 200 day moving average of 6.24p over the next couple of weeks. After that the top of last year's triangle at 9p serves as a decent 1 to 2 months price target.
Gary Parkinson, who writes the market report, intimated Ironveld were low due to decrease in iron ore prices.....he should be aware that they do not mine the usual $67 per ton iron....but a 99.5% Fe HPI....much much superior to regular pig iron.,and.. about 16 times the price....just thought i'd clear that up......not to mention the vanadium and titanium oxide....... !!!!!!!!!!!!
Ironveld+ DFIs, offtakers may cover most of funding 6-page research note attached Ironveld’s FY2014 results (released in December 2014, hot on the news of its premium placing) contained some interesting tidbits. First, certain “international development finance institutions (DFIs)” are interested in providing project debt, which could cover a “significant portion” of funding requirements. Second, some of the offtake agreements being considered included working capital and pipeline funding offers. Third, Ironveld is expecting to enter into agreements in Q2 CY2015. If all goes to plan, Ironveld’s 15MW DC (direct current) smelter project in South Africa could be producing high purity iron (HPI), vanadium and titanium products in H1 CY2016. In our view, Ironveld has been making solid progress derisking this project, which will itself usefully serve as a proof-of-concept for a much larger potential future project (4x75MW furnaces yielding 1Mtpa of iron alloy products). We therefore believe that Ironveld offers a more robust, lower-risk investment with the potential for better returns than typical of peers. Funding should not be overly problematic: Given the above, we do not expect financing to prove an insurmountable hurdle for the 15MW smelter project. And based on a Definitive Feasibility Study (DFS) completed in April 2014, Ironveld expects to be cashflow positive from first production. However, in the worst case scenario, we note that the proceeds from December 2014’s £0.75m raise (gross; all the funds that it had been seeking) should enable Ironveld to cover its overheads till mid-FY2016, if necessary. Furthermore, it has good investor support, as evidenced by the fact that the placing price of 7p/share represented a 19.2% premium to the previous day’s closing price. Directors and contractors confident; government supportive: Demonstrating their confidence, Ironveld’s non-executive directors accepted 2.0m shares (priced at 8.25p/share) in lieu of their February 2014-December 2014 fees (£0.165m), while several contractors accepted 0.567m shares (7.75p/share) in lieu of £0.044m of fees. Meanwhile, the 15MW smelter project’s status as an approved Industrial Policy Project is indicative of the government’s support, we believe. End-user feedback has indicated high demand: We cannot stress enough the importance of Ironveld’s having tested products from a large-scale 140t smelting campaign with potential end-users. From the resulting feedback, Ironveld believed there to be significant interest for its products; and in December 2014, it reported a “high level of demand” for said products in offtake negotiations. Models updated, significant upside: We have updated our financial model and comprehensively revamped our smelter DCF model, which now reflects the production of HPI, titanium and vanadium products (previously: pig iron and vanad
interesting times ahead
on track....the first quarter 2015 will see this share price explode upwards.......could be the stock of 2015....once the off take agreements are signed and the manufacture of the small smelter begins, production is just around the corner....i would expect the next capital raise to be done significantly above this level as this project nears completion....the fact that this raise was done almost 20% above the share price tells you that the main institutional investors are quite aware of the potential here, and in real terms this stock is cheap as chips......only positive news to come.....well done Peter Cox.
iron ore......its pig iron, vanadium and titanium.......massive error if you value this company against iron ore pricing !!!
The robust nature of the Project has attracted interest from a number of Capital providers, the Company is in advanced discussions with banks, other financial institutions and industry who are interested in providing the necessary capital as part of capital equipment and/or offtake agreements for the Project's HPI, vanadium and titanium.
confident that there will be zero chance of a discounted placing........i'm also of the opinion that if your worried in the slightest of being diluted then my advice would be to fill your boots into any weakness.....I still really really like this stock and back the management wholeheartedly....the company has stated once again that the small smelter is on track, and lets not forget that 2018 is the start of the 3 large smelters.....the stock will be north of 25p in a years time.....if i'm wrong then by all means slaughter me on the bb on the 19th August 2015.
Environmental Scoping Report submitted for the 15MW smelter Ironveld plc, the Pig Iron Developer located on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa, is pleased to announce that the Republic of South Africa's Limpopo Department of Economic Development, Environment and Tourism has acknowledged receipt of the Final Scoping Report of the 15MW DC Arc furnace the company intends to build on farm Altona 696LR. This is an important step in the approvals required by the National Environmental Management Act 107 of 1998 ("NEMA") which will allow the company to meet its project schedule where production is expected late 2015. The company will make further announcements about this important environmental approval process as the various approvals are received from the Limpopo Department of Economic Development, Environment and Tourism. As per the requirements of the NEMA, the application was prepared by independent consultants, Prescali Environmental Consultants (Pty) Ltd. Peter Cox, CEO of Ironveld plc, commented: "This is a significant step which brings us closer to delivering the 15MW smelter on budget and on schedule. As our Definitive Feasibility Study published in April 2014 demonstrated, the 15MW smelter is a robust project and will be cash flow positive from commencement of production."
announcement and you might have discovered that the DTI decision is due early September 2014, thats a few weeks not a few months. They also state in the announcement that production is still on track to commence late 2015.......the DTI investment is R.50.5m (2.8m sterling) and thats about 12% of this companies mkt. cap. ...... its also important to note that the application was handled by Deloitte & Touche who are without doubt a company of extreme professionalism.......looks to me like were still bang on track here.....everyone thats followed this company has always known the timeframe.......PRODUCTION is on track in a little over a year, and thats actually, in junior mining terms, just around the corner.....keep the faith.
patience.........will explode in due course.....relax for the summer and have a look in October.
(and the dfs in April)......got erased by accident.
news flow since August........strip out final results and interims and then watch the paint dry.....only meaningful release is the pilot plant campaign..thats almost a year...maybe the South African elections have slowed the progress down.....if they want to stay on track as they've stated, then they better get a move on.....we were told we would have news re funding, and licence updates last year, and still not a word from our BOD......Peter Cox is an extremely talented man to have at the helm of the business, but I am less than impressed with his share disposal, and all for 20 odd grand...he is far more important to the success of this project than Giles..... but basically shareholders need to be kept in the loop. GLA 28-Apr-14 07:00 RNS Director/PDMR Shareholding Directors' Dealings 23-Apr-14 13:57 RNS Blocklisting Return Company Announcement - General 23-Apr-14 07:00 RNS Publication of Definitive Feasibility Study Company Announcement - General 27-Mar-14 07:00 RNS Interim Results Results and Trading Reports 08-Nov-13 07:00 RNS Grant of Share Options Directors' Dealings 05-Nov-13 14:46 RNS Result of AGM Results and Trading Reports 05-Nov-13 09:30 RNS AGM Statement Results and Trading Reports 29-Oct-13 17:55 RNS Director's Dealing Directors' Dealings 18-Oct-13 09:00 RNS Blocklisting Application Company Announcement - General 07-Oct-13 07:00 RNS Final Results Results and Trading Reports 20-Sep-13 13:38 RNS Sale of Subsidiary Company Announcement - General 29-Aug-13 07:00 RNS Successful Completion of Pilot Plant Campaign
trouble with this stock is that everybody is bored ......... i fully agree that it has enormous upside but the news flow is is sooooooo slow......BOD need to understand that they have a duty to keep shareholders in touch or they risk shareholders losing patience......and whilst Giles has not sold any shares, the fact that 2 members of the board have does not send out the best message......we are all aware that this stock offers value at these levels ( if things are still on track ), but its a bit like watching paint dry........I still love the story but for goodness sake, give us something tangible to get our teeth into.....and yes vanadium is a solid story, but i'm more interested in hearing about the funding, the licences, and the progress re the small smelter......GLA
loads of news due but I feel not imminent...maybe 3 to 4 weeks away.....funding of small smelter....possible union shareholding involvement within company ( which would be amazing).....offtake agreements......licence updates....all positives and with the elections now out of the way, as Yazz once sung, I feel "the only way is up"....GLA
looks as if stock will gather pace and settle above 7 pounds…chart offers very little resistance…..IMHO……
trading update 30th April which I believe will be very positive……the drop is totally overdone IMHO ……institutional shareholders are full up due to the placing, but will be averaging on positive update…..probably the bottom now.
why would you want to make 'shorting' illegal FAZ ? Its a great institution of the stock market, and provides the opportunity to punt the market in both directions…….and anyway you'll never get enough support….your wasting your time !!!!!
end of 2015 we have production, and are cash flow positive from commencement…….in Aim terms, this is the holy grail of mining stocks !!!!!!!! lets not forget that this is just the start for Ironveld…….2018 will introduce the 4 big smelters, and then the economies of scale kick in…….huge rises ahead !!!!