Game changing acquisition10 May 2017 19:37
The proposed purchase of the 7.5 mw smelter plant seems to me to be the game changer for ironveld after what has been an inordinate amount of time due to the South African governments rediculous planning laws and the time taken to get the permissions. I first invested in this company in November 2012 and have not sold any shares since then despite seeing them rise to 20 p. My holding remains not inconsiderable.
There products HPI, Vernadium, Titanium have unbelievable financial potential. The new 7.5 mw furnace into production at least 6 months early has to be a game changer. With this deal, which I think will go ahead, they will be able to test their off take agreements and validation of the products. Further, they will be able to experience the furnaces viz their products and also train their skilled staff .