The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
You would hope any new CEO would take the job on knowing there is a future for the company & a way back from the dire situation it's in right now. Welcome Mr Andersson... I really do hope you can succeed where others have failed time & time again & can finally get this project off the ground, returning some value for the long suffering share holders who have watched the share price decimate year after year. GLA
Relieved he's keeping the light on... for now... after watching HZM fall last week I was fearing the worst here also.. But I believe JW to be straight talking & if he can get the financing over the line in H1 as he hopes, this will recover somewhat. As draw45 suggests I'll look at investing again after the next dilution which I believe they will look to get away at the 0.010 mark
Full chairman's Statement here:
https://www.londonstockexchange.com/news-article/IRON/interim-results-for-the-6-months-ended-31-dec-2023/16398991
Let's hope the due diligence on our supposed investors is done correctly this time... We all know what happened last time... Last chance for this this management... only major + this time is Mr Wardle is balls deep, if he can't turn this around I have little hope anyone else can
Align Tweet...
https://x.com/AlignResearch/status/1760931860815700460?s=20
Predicting 1.5p sale in 18 months time.. I'll be very happy if this turns out to be the outcome
worth a read, the article is written by by ironveld ceo, martin eales and tariro chitapa, business development manager
some key points i took..
'ironveld feels strongly about its strategy to produce and secure a supply chain of hpi, as the global market shows a lot of promise' -
'ironveld acquired its rustenburg smelter in late
2022 and, following extensive refurbishment, is now producing high purity iron, vanadium **** and titanium **** from its magnetite ore, which is mined from its mining operations in south africa’s bushveld complex'
the current share price certainly does not reflect this... however the market of course needs facts & figures before any re-rate happens
Https://user-54716422671.cld.bz/Modern-Mining-November-2023/12/
Rather than a quick fire sale as Align have suggested
'Our objective is to drive the further development of the Company in the short term' – Get all 3 smelters up & running
'and demonstrate the inherent value of our assets' – to secure funding at a premium for the HPI conversion
I guess it all boils down to where your average is… I’ve been in over 10 years, managed to averaged down to 1.20… still massively underwater but I have time on my side and in no major rush. I’d hope to see us over the 1p mark in the next 12 months if all goes to plan. I Just hope any low ball takeout off will be over this mark. I appreciate Other investors may not have time on their side like I do. 12 - 24 months is the wait for me
Not total radio silence... Still tweeting and posting on LinkedIn where a few of the Ironveld employees now have profiles. Waiting game for most of us at this point hoping all is on track.. Quietly confident with the webinar only a few weeks ago