Member Info for cminhinnett

Some really decent buying since 3pm and looks like the bottom is in - massively undervalued and asking 1.05p now on IG for any volume................. Interesting times

I would tend to agree, even at 10,000kg per month that would still be over $1m in revenue per month.

It's what was stated in today's RNS MrCautious, tbh even if it is a tenth of that value ie 1,000 tonnes per month, that is still significant revenue.

Does anybody have accurate estimate of the price for Tantalum ore, I am aware that we have an off take agreement which may differ, however from what I can see online, Tantalum ore sells in the region of $75 - $150 per kg. By the end of 2022 we plan to be producing 10,000,000kg per month (10,000 tonnes) this is huge revenue !!!!!!

That was exactly my thoughts Max19, it would make sense and profitable by end of year ties in nicely with expectation of licence for the HMS.

That was exactly my thoughts Max19, it would make sense and profitable by end of year ties in nicely with expectation of licence for the HMS.

Also interestingly the higher priced warrants are at the same price as quoted for the investment by the 2 significant investors............

A short term loan of £250k obtained to ensure delivery of projects and profitability is not affected by any cash flow challenges. Great update on projects as well:

· Company anticipates that all its existing operations will be trading profitably prior to the end of 2021.

· It further anticipates being cash flow positive in early 2022.

The grant of the Mining Permit for HMS is also now expected before the end of the calendar year. The Company has recently been asked to provide an environmental rehabilitation guarantee, which is apparently one of the last steps prior to the Permit being granted. With the Permit in hand, the Company, as previously announced, expects within 6 months, to begin generating additional profits of up to $300,000 per month. These numbers will be improved even further by introducing a third party to build and operate a separation plant for which discussions are already underway. Simultaneously, the Company is pursuing an application for a Prospecting Right over an area which is approximately 34 times larger than the current site.

Diamond production will also increase as Heavy Mineral Sands are mined, with an estimated increase in diamond production of an additional 300ct per month and with an enhanced value of approximately $750 per carat anticipated.

In Namibia, the expectation is to export the first commercial delivery of Tantalum before the end of the year. Volumes will then steadily increase with the aim of exceeding 10,000 tons per month by the end of 2022.

Simultaneously, the focus will be on establishing further mineral reserves as well as on developing the Company's Lithium opportunities.

MMs short of stock and won't let any buying at this level. As stated previously, if the well was producing at 20 BOPD and the item was only working at 20%, that implies 100 BOPD without the workover so we could be looking at 150-200 BOPD maybe higher !!!!!! This should enable us to break 1.50p

This is starting to look better - come on MMs make a market ! ! !

Only 5k available now before NT - come on MMs move it up and make a market ! ! ! !

Agreed gmed-2 regarding the details, I always thought that it was slightly odd that we had Joint CEO's, if they were part of the investment case, it all makes alot more sense and Larry has delivered on his part and now Dennis will accelerate all projects with the addition of the funding - Exciting times and glad that I topped up over the past 2 weeks

The 1m trade and the 2x500k trades have cleaned out the Ask and they are asking 1.30p on IG for anything larger than 10k shares. Feels like the rerate could be on and all of the recent positive news finally reflected in the share price.

Very interesting, Ironveld investment at a premium to SP and very similar to that discussed and released by KZG. I wonder if the new CEO Dennis Edmonds joining and Larry leaving was a condition of the new funding............

Major Investment Agreement to raise £5.6 million at 1.0p per share for Project Funding

Ironveld (AIM: IRON) is pleased to announce a proposed new major investment by Grosvenor Resources Pty Limited ("Grosvenor"). Conditional only on shareholder approval, Grosvenor will invest £5.6 million (the "Subscription Funds") in the Company via a subscription (the "Subscription") for 561,505,950 new ordinary shares (the "Subscription Shares") in the Company at 1.0p per Subscription Share (the "Subscription Price").

· The Subscription Price of 1.0 pence per Subscription Share represents a premium of 62.3 per cent. compared to the 20-day VWAP of 0.616 pence and a premium of 90.5 per cent. to the mid market price of 0.525 pence on 29 March 2021, being the last trading day prior to the announcement that Ironveld was in discussions that might lead to a material transaction;

MMs asking 1.20p on IG for anything larger, although they won't actually move the Ask up currently yo allow most to buy..................

All 3 of the 150k trades showing as sells are actually buys ??

Cracking RNS! $300k profit per month, bigger diamonds worth 3x per carat and more of them, opportunity for another section of beach and a 25yr mine life if that happens. It’s all coming together! Keep the faith LTHs

Only offering 50k @ 0.904 and have been bidding strong for stock all afternoon - we know that Geo news is on the way and looking at how the book has changed over the past few hours, I think that it could be a tasty update.

tucson, tbh I don't claim to be very smart or clever, also my point was made without any name calling or abuse, just a hint of suspicion ;-0 I do follow the market and try to identify trades correctly (if appropriate) when they have been misreported by the algo. Personally I have been invested here for a number of years and am disappointed that with the recent sell, we find ourselves back down at this level, although added some more so not all bad. There is obviously an overhang that needs to be cleared before we move up on news or without, tbh I feel that we have had enough news this month to warrant a higher SP anyway. Fingers crossed we continue to get positive news as the LTHs certainly deserve it.

Absolute bull**** steven49 - I called it yesterday that the MMs were playing games and this morning the Bid ticked up from 1.20p to 1.25p on only 1 small buy @ 1.25p - then it is called again this morning that there will be large delayed buys and then bingo, they appear - timestamp 8:05 & 08:18 - 100% they are buys ! ! ! I am surprised that somebody who has 8,891 posts does not understand about delayed trades................. Unless you aim to mislead of course ;-0