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I agree. The IP here and the market size mean this must be worth 15- 20p to an industry buyer today. £40-50M is pocket change to a big boy in the industry looking for a competitive advantage. NAI

The decrease in value is simply because the placing price (0.6p) is below the nominal value of the shares (1p) so they have to reduce the nominal value of the shares. It makes no difference in reality - your shares will be worth whatever Mr Market says they are worth.

Most CEOs don't live at the mine they run FFS. They live in a nice city somewhere, commute to an office with a secretary and a coffee machine, do most business by phone and email and meetings, and visit site 3 or 4 times a year! Jeez.

Ormonde are valued at £9M but only hold 30% of the project. As stated the project also has substantial debt, adding to its EV.

Interesting, a 1.3M sell 10% below the bid price, and the SP doesn't move... Although it's dated today I wonder if it's delayed, and many of the trades in the last few days at 0.6 - 0.62p were actually buys to offset it? If so and it was the last of the seller, we could be due a small rise this week? Just clutching at straws probably :-(.

While revenues are still low, the global deals they have done bode well for strong revenue growth in the medium term IMO.

Logically if there is to be a takeover, you would expect it to be from Nouryon. You have to ask, how much would they (or A N Other) have to pay just for the IP? Personally I would think market cap £30M (10p share price) would be a good starting point for discussion today - it would be more next year. £30-40M would be pocket change for any global consumer good company, plus I expect the directors would be very happy after having bought heavily in the 2p placing.

Anyone else got any thoughts?

No advice intended of course

Massive trades after hours at 1.1p.

The 8.8M trade exactly matches the directors buying total.

The other one must be 'X' insti buying 36M... Nice! They don't need to declare for a few days yet.

I assume that Woodford sold 47M at 1p. The question is whether he still holds 40M odd, or he has dumped them too (not yet declared) and 'Z' insti has bought them, or whether they are now in the free float for PIs to trade freely.

Surely it must be Woodford dumping his remaining holding on the market at say 1.2p, and the relevant broker cleaning up?? A nice 20-30% profit on a substantial holding... I saw it happen on AAZ a few years back also, a forced seller in an illiquid share took it from 100p down to where he dumped the rest of his holding at 3p(?) to a broker who then sold it on to PIs for 4-5p... Now 120p...

I work on the basic assumption that the MMs will not want to hold shares in this stock from one day to the next - it's a thinly traded stock and risky for them. So they will try to balance the buys and sells as best as possible each day.

If there was a 1M trade at 1p and then a series of trades after that at 0.9pish, I can't believe that they were all sells. That would mean that the MMs were left holding shares at the end of the session.

Seems far more credible that the 1M was a limit buy at 1p, and then the MMs dropped the price lower to trigger stop loss sells, to fill the 1M buy.

Just my view.

So good they said it 4 times! ;-)

I think contacting Finncap would also be useful. They are the independent Nomad who are supposed to keep the company in the straight and narrow in terms of news and shareholder relations. Sadly my experience is that most Nomads take their fees and live in the pockets of BODs on AIM - but it's still worth dropping them a line!

Tucson I don't know how long you've been investing but it's not possible to know whether trades are buys or sells, by looking at the trades list.

Personally I think the trades at 1.08, 1.04, and 1.00 were buys and all the rest sells, so more 50-50 than you believe. That would tie in with the fact that the MMs are unlikely to want to hold stock in this minnow. I am hoping that a combination of weak midsummer Friday afternoon trading, and the MMs seeking to trigger stop losses to fill the buys, is what caused the final plummet yesterday. If so then we should recover next week. Touch wood!!!

Tucson I don't know how long you've been investing but it's not possible to know whether trades are buys or sells, by looking at the trades list.

Personally I think the trades at 1.08, 1.04, and 1.00 were buys and all the rest sells, so more 50-50 than you believe. That would tie in with the fact that the MMs are unlikely to want to hold stock in this minnow. I am hoping that a combination of weak midsummer Friday afternoon trading, and the MMs seeking to trigger stop losses to fill the buys, is what caused the final plummet yesterday. If so then we should recover next week. Touch wood!!!

That looks like a misprint which may be cancelled tomorrow?

Having said that, a few months ago at MTL the SP dropped like a stone intraday from 1.5p to 0.6p... and then a massive (genuine) trade showed up, someone had dumped 1% of the company in a single transaction at 0.2p... desperation! A number of people bought heavily at 0.5p-ish and more than doubled their money in days.

Not saying that's what's happening here but it's possible.

Good luck anyway. I'm as frustrated as everyone else :-(

"Bakone BaMatlala" on ADVFN:

One thing is very evident from the corporate saga of Ironveld, its CEO Peter Cox has continually misled investors to advance his own interests to unduly profit from selling shares he acquires for nil consideration.

If Peter Cox really believed in the story of Ironveld, why has he found it difficult to personally acquire shares but instead sold tranches of shares periodically?

Ironveld management’s approach of divide and rule of the communities instead of negotiating in good faith for a substantively fair and equitable deal with those communities will forever remain an albatross on their neck and is sure to sink the company Ironveld.

When it’s all said and done, Ironveld will never enjoy security of tenure in Limpopo where it purports to hold Mining Rights when in actual fact it still only holds Prospecting Rights, some of which have since expired, and therefore any prospect of ever building a fully funded pig iron and vanadium operation is fast diminishing.

Be that as it may, the investors who are seemingly eurphoric from being seduced by the allure of potential stock price skyrocketing will soon find out that theirs is a horrific nightmare.

They will have only themselves to blame for their failure to conduct thorough due diligence on Ironveld management’s updates which are neither truthful nor factual.

To the gullible investors of Ironveld, enjoy whilst it lasts!

Has anyone noticed the allegations of fraud by the company over on the ADVFN bulletin board this morning? The same guy was there a couple of weeks back making the same allegations.

Any of the long-timers here able to comment?

But you said someone had bought 900k in one go, ie. a single trade, so you must have access to the trades list?

What I can't work out is how to see the Dublin trades list. The link below shows the total volume (a heavy day on the ISE, over 2M volume!), but not the actual trades themselves. Is there any way of seeing the trades list? Thanks.

hTTp://www.ise.ie/Market-Data-Announcements/Companies/Equity-Details/?equity=2015110&start_day=17&start_month=12&start_year=2018

Very useful andysparra thanks. I had a couple of questions:

1. Is this an official Algw document or something you've put together?

2. Do the calculations include the central admin costs?

3. Re. the 'profit share', is the 15% overall return the *annual* return on a contract? That seems high to me.

Any info/views appreciated.

If a gusher means a share price of £1 and the COS is really 20%, why isn't the SP closer to 20p than 6p? I don't think Mr Market is believing the COS... or the likely NPV if we do get a gusher...

(I hold BTW)