Member Info for Camkite

There was a research note put out the otherday that gave this a £2.18 target price based on their revised strategy.

They were deep into partnering up with a USA distributor last year & it fell through... STX decided to change tack & is now going it alone, hence the £30m raise.

But - primo take over target.

For reference, we only traded around 25m shares of the 80m from the 30p placing price to rise 36% to 41p. Someone clearly wants them!

Scored again - it is FDA approved mate.

This is 100% an absolutely primo takeover target... 7/10 years and £xxxm to get to where STX are (higher with revs already) today.

We have a £85m mcap and £30m in the coffers .

Straight up solid buy.

In the last 8 years these guys have raised £10,765,000

Promised plant and machinery to be bought with that money, partners, offtakes, sales of ore (none of it has happened)

They have lost £3.5m on the accounts in intangible assets - were £27.5m now £24m

Have £4.4m in deferred tax liabilities

&

Have a grand total of £2 in Plant and machinery.

JBTs You seem like an honest chap. I'll buy some more.

Might get a spike here in the next few weeks... Ditch it if so.

Name change & Consolidation will come next.

Wonder if their families know how they make their money... I bet their so proud while their rolling in the Rolls.

Wonder if they know they are con artists ???

In the last 8 years these guys have raised £10,765,000

Promised plant and machinery to be bought with that money, partners, offtakes, sales of ore (none of it has happened)

They have lost £3.5m on the accounts in intangible assets - were £27.5m now £24m

Have £4.4m in deferred tax liabilities

&

Have a grand total of £2 in Plant and machinery.

19 November 2018

Placing to raise gross proceeds of £400,000 through the issue of 24,242,420 Placing Shares at a price of 1.65 pence each.



· Proceeds of the Placing will be used to fund the purchase of a secondary gyratory crusher and magnetic separation equipment that will be used to process the Company's magnetite ore in order to meet offtake specifications set by a potential off-take partner for commercial scale testing and for general working capital purposes.

· The required ore has been mined and 1,000 tons have already been shipped to the potential off-take partner. The equipment to be acquired will allow for a significant increase in the shipment rate.

19th Feb 2019

· Placing to raise gross proceeds of £1.1 million through the issue of 62,857,143 Placing Shares at a price of 1.75p each.



· 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.

30 March 2020

Highlights

· Total fundraising package agreed of US$3.2 million (approximately £2.7 million) consisting of US$2.2 million (approximately £1.85 million) equity and US$1.0 million (approximately £840,000) loan from IIG;

· IIG is an investment vehicle associated with Mcebisi Jonas and Monwabisi Twantwa in South Africa and is at the forefront of securing development for South Africa's coming wave of battery and strategic metals projects;

· Following completion of the Subscription and the issue of the Salary Shares (as detailed below) IIG will own approximately 36.0 per cent. of the Company's issued ordinary share capital to become Ironveld's largest shareholder and will provide expertise and utilise its extensive African connections to secure the larger scale funding required by Ironveld to develop its near term high purity iron, vanadium and titanium project;

26 November 2020

Ironveld plc ("Ironveld" or the "Company"), the AIM quoted mining development company is pleased to announce that it has conditionally raised a total of £1,000,000 (before expenses) via a proposed placing by Turner Pope Investments (TPI) Limited ("Turner Pope/TPI") of a total of 333,333,333 new ordinary shares in the Company (the "Placing Shares") at a price of 0.30 pence per Placing Share (the "Placing Price) (the "Placing") together with a Broker Option to raise up to a further £150,000 (together the "Fundraise").

3rd Dec 2014

Placing to raise gross proceeds of approximately £750,000 through the issue of 10,714,286 Placing Shares with at a price of 7.0p each

Proceeds of the Placing will be used towards finalising plans for the development of the 15MW DC smelter, expected to commence production of High Purity Iron ("HPI") and Vanadium and Titanium **** by-products in H1 2016.

Mon, 5th Oct 2015

"Ironveld plc, the High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa is pleased to announce that its BBBEE partners have received an indicative term sheet from the Industrial Development Corporation ("IDC") for the Broad-Based Black Economic Empowerment's ("BBBEE") full capital contribution to the project.

Giles Clarke, Chairman of Ironveld said:
"Discussions are at an advanced stage with two major international industry groups with due diligence ongoing for the remainder of the funding required. The Company is confident all funding requirements will be met this calendar year. We are especially encouraged by the clear strong support from key South African Government institutions

"We are also delighted to welcome Thamaga to the team and look forward to the technical and operational expertise he will bring to the development of the smelter."

26 October 2016

"Highlights: Placing to raise gross proceeds of c.£1.8 million through the issue of 40,000,003 Placing Shares at a price of 4.5p each;

Placing comprises Firm Placing of c.£1.3 million and Conditional Placing of c.£500,000;

Proceeds of the placing will be used for working capital including advancing the development phase of the 15MW DC smelter "

21 June 2017

Highlights: Placing to raise gross proceeds of £2.1 million through the issue of 105,000,000 Placing Shares at a price of 2.0p each. Placing comprises Firm Placing of £1.4 million and Conditional Placing of £0.7 million;

Proceeds of the Placing will be used for working capital including the repayment of the outstanding R15 million (c. £0.9m) principal amount of the Loan Facility and will also enable the Company to continue to progress the potential acquisition of the 7.5 MW Smelting Plant announced on 11 April 2017;

The Company is presently engaged in discussions with a number of potential providers of project finance including the IDC and the Board anticipates that these discussions will lead to an offer to provide funding to enable the purchase and refurbishment of the 7.5 MW Smelting Plant;

27 November 2017

"Placing to raise gross proceeds of £1.765 million through the issue of 88,250,000 Placing Shares at a price of 2p each

Proceeds of the Placing will be used for working capital and will put the Company on a strong footing

21 June 2017

“ Highlights:

· Placing to raise gross proceeds of £2.1 million through the issue of 105,000,000 Placing Shares at a price of 2.0p each. Placing comprises Firm Placing of £1.4 million and Conditional Placing of £0.7 million;

· Proceeds of the Placing will be used for working capital including the repayment of the outstanding R15 million (c. £0.9m) principal amount of the Loan Facility and will also enable the Company to continue to progress the potential acquisition of the 7.5 MW Smelting Plant announced on 11 April 2017;

· The Company is presently engaged in discussions with a number of potential providers of project finance including the IDC and the Board anticipates that these discussions will lead to an offer to provide funding to enable the purchase and refurbishment of the 7.5 MW Smelting Plant;”

Accounts.

Plant and machinery - £4

November 2019 they did a placing for £400k

In the December 2019 accounts the cash at hand was £107k

Plant and machinery amounting to £4

Anyone any idea where it’s gone ??

Has Giles Clarke stick it up his arse ??

Anyone any idea what happened to this ??

“Proceeds of the Placing will be used to fund the purchase of a secondary gyratory crusher and magnetic separation equipment that will be used to process the Company's magnetite ore in order to meet offtake specifications set by a potential off-take partner for commercial scale testing and for general working capital purposes. “

Accounts proceeding -

Property, plant and equipment

£4

“Tue, 19th Feb 2019

Placing to raise gross proceeds of £1.1 million through the issue of 62,857,143 Placing Shares at a price of 1.75p each.



· 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.

Mon, 30th Mar

Ironveld is pleased to announce a new strategic partnership with Inclusive Investment Group ("IIG") as part of which the Company has entered into arrangements to raise potential total gross proceeds of approximately £2.7 million (US$3.2 million) (the "Fundraising").

Mon, 19th Nov 2018

Placing to raise gross proceeds of £400,000 through the issue of 24,242,420 Placing Shares at a price of 1.65 pence each.



· Proceeds of the Placing will be used to fund the purchase of a secondary gyratory crusher and magnetic separation equipment that will be used to process the Company's magnetite ore in order to meet offtake specifications set by a potential off-take partner for commercial scale testing and for general working capital purposes.

· The required ore has been mined and 1,000 tons have already been shipped to the potential off-take partner. The equipment to be acquired will allow for a significant increase in the shipment rate.”

Hot any idea what these guys have spent $5m of other peoples money on over the last 3 years when they’ve only made £6 in investment revenue ?

Paid out £670k in admin costs ?

What happened to this ??

“ The required ore has been mined and 1,000 tons have already been shipped to the potential off-take partner. The equipment to be acquired will allow for a significant increase in the shipment rate.”

It’s not in the accounts.

Gl dude - pointless being on a forum if we can only listen to what we want to hear.

let’s hope TERN pull it out of the hat for the first time in 6/8 years. 4/6 weeks I’m gone eitherway.

Chuggly - I can’t advise you what to do mate, you have to weigh up the odds & make your own decision.

I’m holding, for now.

I will give AS the benefit of the doubt that if he is a bit of a blagger perhaps he has waged it down until D day so that others can buy. Family, friends. 7p nav is a lot more attractive than 20p

And

The chart and PA say this is going up. Short term 4/6 weeks - but we’ll see.

I would rather hold and poss make a 1/2p further loss than miss out on the 16p or higher spike.

That’s my take from here. 2p loss. 8p+ gain.

1/4

Just to add some positivity - DA has 36 investors.

Yeah I’m invested. The investees. Possibly one of the worst investments I’ve believed in tho.

negatives Chugly but they are also facts. Free for the world to see with the power of google.

Angus forest - previous ceo of tern, set up the original, taken over by our very own top class Al Sisto... recently launched DRUMZ PLC with exactly the same business model as TERN.

Sells “cutting edge technology” to the company he left for in excess of $1m & then goes on to set up a new company.

That is about about as questionable as you get in investor land.

Al Sisto

“Tern work tirelessly to find suitable investments in cutting edge technology”

So tirelessly we buy them off our mates - tos*er

WYLD Networks was set up by Angus Forest !?!?!???

You seriously couldn’t make that up.

WYLD Networks holding company of wyld technologies cash at hand £4000

Amount falling due £900,000