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Get the feeling JW & Align busy working on KZG at the moment (with success) IRON still waiting game, guessing waiting to see the final funding offer available & how much they need to raise from there to get the project going. Both know wealthy investors. I can't see a sale of the company until we are in stage 2 production 1p +

Get the feeling a deal is being worked in the background... Could be wrong of course

Largest BUY for a long time just gone though... Unbelievably cheap if you have faith that John Wardle & Align can pull this off & bring the company back from the brink.

Interesting.... Would this imply JW & Jennings are now cooperating? Both men have a lot at stake to get IRON up & running, ramp up producing & selling the product (stage 2) with an exit point predicted by Jennings earlier this year of 1p - 1.5p This was always the long term plan of the board. I do feel something is being worked behind the scenes given the radio silence since the last disastrous RNS. Full funding will unlock this company as I do believe JW will ensure operations on the ground work, he's proven this with Amerisure. We live in hope..........

From the disastrous RNS with regards our delayed, insufficient funding & we are still none the wiser how this will play out. It beggars believe the company have been clinging on to the hope of a government funded deal given the unstable system in S Africa. What the hell was our last CEO doing & how was he able to get away with it for so long?

One disaster after another

Any predictions on how this plays out from 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

Diabolical

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

The next few days should be interesting... Finance deal concluded at a premium would be an idea RNS

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

Depressing...

Strangely. I find myself agreeing with you

Love your optimism David… My brake even point 1p would be a great start. Let’s hope 2024 is the year we see this share get going

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