Member Info for Dabbler1

I was going to top up also, but a poster on advfn has put me off a bit, so I am going to wait for results and make sure we are selling enough units.

I bought in as well this morning. The prospects here are good and importantly the projects are more than likely to actually happen, unlike with some other pie in the sky companies.

Ever since a certain someone appeared TLW has edged up nicely ( over 10% now). But oil has tracked sideways. Just imagine if oil went to $75 or $80 a barrel!

This is my last word on this thread. I don’t know why myself, maverick or anyone else has to answer your questions drone. To decline to do so is not rude as you suggest. It was you who first said that you doubted the share price of TLW would rise much even if the oil price got to the 75-80 dollar range. I have every right to take issue with that view of yours. Clearly after all your years of following TLW you have decided it’s not for you. Well, that’s fair enough. Who would invest in a company if they thought it was terribly managed? I and many others don’t agree with you though and I hope you are proven wrong in your negative opinion in both the short and the long term.

For myself drone, I first bought into Tullow at around 150p and into PMO at 32p at around the same time after the oil price had crashed. My reasoning was simple. I believed that oil would still be in demand for some time. Recently I have bought into TLW in the low 190’s and last week into AGK at below 700p. Time will tell if I am right or wrong.

Quite right Maverick, it probably won’t need anything like $80 oil for TLW to reach 300p anyway. $75 or even $70 might be enough. We have already had a 10% rise in the past week, ironically since the moment drone made his first post.

Drone, It’s obvious that things haven’t gone to plan and no doubt TLW were overvalued in the past. However debt should start to fall quickly now and obviously every extra dollar on the oil price should increase revenue by $100,000 a day or $35m a year give or take a bit. $80 oil would increase revenue by $500m a year would it not? Also misfortune such as the jubilee turret problem haven’t helped although due to at least some good management that was mitigated by insurance. I am not predicting $80 oil by the way just happen to think if oil does get there TLW will be £3 plus and I stick by that.

You must be joking. $80 will have little effect? If oil gets there this will be £3 plus or I’ll eat my hat.

The directors have got this by the short and curlies. Ordinary shareholders, once again are second or third class citizens. You would think that this and cvs group would be fine defensive businesses in uncertain times. Not on today’s evidence they aren’t.

You would think after that last RNS that this would be higher by now. All the talk about numerous expressions of interest etc. Yes, when you look at the potential value of the assets we have here IRON seems remarkably cheap but for some reason (and I don’t know what it is ) other people don’t think so or we would be higher. Sorry to sound alarmist but I am worried this will sink further.

Why this has fallen to 2.05p. The company is confident that the off take partner will be happy and numerous expressions of interest have been made. There could so easily be a bidding war here soon. Hope I’m not totally wrong.

Cacher, the best share dealings I have made, have been when I’ve looked for something that should do well over the next two years. I agree, this seems to fit that criteria. Having said that I did buy in on the strength of Fridays RNS so am hopeful of some good short term progress as well.

Steven, I agree. Sound reasons to be positive about the test because we know we have a top quality product. The vanadium might be the icing on the cake rather than something to get overly obsessed about.

Surely though there is no reason why the test results won’t be positive as the composition of the off take is known? The value of IRON could well increase substantially soon and there doesn’t seem to be much risk of the value falling as numerous expressions of interest have been made, several by parties who have carried out extensive due diligence. So in my humble opinion it’s well worth a punt at the very least.

1% of 1.4 billion is 14 million. At £16 per lb that is £224 million pounds worth per year for 100 years. And that’s just the vanadium. And not including the Luge farm prospecting right which is believed to be similar. Steven, you know far more about this than I do having only bought in on Friday but even if we only get a fraction of the retail value of the commodities on this land the current market capitalisation here seems to be remarkably low. It seems too good to be true.

"Should the long-term test be successful the amount of ore anticipated to be supplied under the envisaged off-take agreement would not affect the Company's strategy of developing its own smelting capacity. "Since acquiring the Project, Ironveld has obtained the necessary permits to begin construction and has secured financial support from the South African Government via the Industrial Development Corporation. The long-term objective remains to operate our own smelting capacity to process the large Vanadiferous Titaniferous Magnetite resource at the Project.

Bill. Look at the BMN chart in the five years up to January 2017. Then look what happens next. What is it they say? Past performance is not necessarily a guide to the future? Look where Ironveld are. I don’t know if this will be an action replay of BMN but it could be. The market cap here is low the management are active and “numerous expressions of interest “ have been made. Also the quantities and grades of resource including vanadium are excellent.

There was a ( very brief) time a couple of years ago when I was invested here when 1 URU share was worth more than 1 BMN share. Not counting the consolidation obviously. What a ****er that is! Maybe today’s RNS from IRON isn’t the start of another run like BMN have had but the parallels are there.

Hi Diggit and onefineday, I got out because I’d had enough of the same old ****. It was last March when I sold out at 0.75p or £7.50 as it is now. Lost loads. I had seen StarRage ( who I respected) sell out and came to the conclusion that nobody ever regretted selling out of URU the only regrets were hearing about URU in the first place. I didn’t lose as much as Guzzler or StarRage but my losses here still hurt. I work hard for my money and I have had my faith shaken by the shenanigans here and the lack of any work being done by Zorbas. Originally I believed in the prospects because I thought that the project would be funded by the magnetite being cleared, killing two birds with one stone. A compelling story if true. I also came to the conclusion eventually that any further drilling would be a waste of time because all the previous drills had returned remarkably similar results and as no other company had shown an interest in Zebediela there was not much prospect of more of the same results changing that.

Former shareholder here. I bought into IRON today. When you read their RNS it is so positive compared to the dross from URU over the past couple of years. Hoping to make some of my losses back there. Am not advising as obviously my decision making is normally crap.