Member Info for cloud9surfer

Edmond’s selling at 1.45p was a chunk. Why he didn’t sell them to Wardle would have been beneficial for both.

Great communication from the company. They are obviously wanting to keep shareholders informed to maximise the share price. 5 of 6 MM’s sitting on 0.05p so they’re happy to take shares at this price as they know where it’s going.

The enormity of where this company will be in the near future will sink in over the coming weeks. Great RNS this morning and quick progress being made after the last RNS.

Fully funded has been on the website for ages. Nothing new. Not too much narrative about Perdevlei. Couple of lines under the HMS description. Would have expected them to at least added a bit more about Perdevlei or waited till the award of licence if its imminent to avoid a second website update.

Agreed. 495 on the actual bid for 10m now. Looks like a bit of background buying going on to me.

Actual bid now 49 for 10m. Rising steadily.

No late reported sells as we’ve had over the last few days so that’s a very good sign. Suggests the seller has gone. Hopefully a blue day tomorrow too. Still very cheap Market Cap. in my opinion.

There’s your reason for the drop. 2 delayed sells totalling almost 50m shares.

49’s are actually buys now.

And while we are in the mood for quoting RNS’. Here’s a bit from last week. Enjoy!

“I am very pleased with the progress being made on the ground. We are now entering a pivotal phase as we transition into revenue generation, with sales of our DMS-grade magnetite, under the existing offtake agreement with Sable Platinum Pty Ltd., expected to commence shortly. Encouragingly, demand for our material has exceeded expectations, with new enquiries and requests for product coming in on a consistent basis”.

Keywords there.

‘Existing offtake agreement’ and ‘enquiries and requests for product coming in on a consistent basis’

It does say further funding but to be facilitated from offtake agreements. It’s the same as what KZG have just completed. They received 600k up front as part of the agreement. Doesn’t say placing.

Apart from the 507’s at start of play all the trades 51 and above are buys.

You clearly haven’t done your homework marc001.

Cannot believe anyone in a right frame of mind would consider going short on this given the fundamentals and the recent release of news. I agreed Spreadex do edge their bets either way but definitely long on Iron.

Just the 2 MM’s on the ask of 55 now. Was 3. 1 as moved off to join the 2 sitting on 6 so we are moving in the right direction. 2 sitting on the bid of 5. Most probably a mixture of overhang and order filling why we are hovering around this price. £7m market cap way too cheap for the potential we are now sitting on.

508’s were buys. I did a dummy buy about the same time and was given the same price. Spread is very tight. I guess the MM’s are just as keen as us to clear the overhang.

515’s are all buys and most of the 51’s as well if not all by my reckoning. Unfortunately there will be no flag saying the overhang is cleared. Any entry through the 5’s is still a good entry point in my opinion.

This is the old Align Research report from 2021. it’s worth a read to outline exactly what resource we have as that hasn’t changed. The had a target price of 3.26p back then which gave it approx. £40m market cap with the then 1.3b shares in issue. Given the current share issue of 13.7b that still equates to a share price of approx. 0.3p today so we still have movement to go. I’m sure without any doubt that we are in a much better position going forward today.

https://www.alignresearch.co.uk/wp-content/uploads/2021/01/Ironveld_Initiation_Align_Research_January_2021.pdf

Hopefully getting through the fundraiser shares. Not everyone will want out as some will see the obvious gains to be made over the coming weeks/months. Remember we were sitting almost dormant at a £5m market cap before any of the positive news was released last week. Currently about a £7m market cap so still ridiculously cheap given the information put out.

Day of the RNS.

https://x.com/AlignResearch/status/1925467531050918104