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This is telling me that Ironveld is going to enter into an agreed Joint Venture and that no cash offer is going to be received. After 8 years maybe some progress is going to be made.
8 years and still no progress has been made here. I dont think Tracarta care jot now about taking a big loss. Its part of the risk when you invest in any Company especially AIM Companies. This company has only survived every year because of the many placings that have taken place. Enough is enough
I agree. An agreed Joint Venture will be the only way we will see shareholder value here.
Im a holder here and want the highest possible cash offer but I no longer have no confidence in the current Management.
Just a made up figure with no justification. Im looking at 1p maximum. There are obvious major problems in obtaining finance or a reasonable offer. I no longer have any confidence in Giles Clarke. Just look at Amerisur. Given away for half its real value. The Market also agrees. The volume of shares traded every day hardly shows any confidence in the Management here. They just want rid at any price.
Neither would I
No doubt a bid Giles Clarke could not refuse at 0.5p ! He will say its a great offer that offers fantastic value to shareholders. As with Amerisur you have to laugh
Its taking a long time to receive any update. Im thinking maybe no offers have been received and that Ironveld is going it alone and the long delay is due to problems obtaining a JV or obtaining the finance to get the project off the ground. Its nearly 4 months since the Strategic review commenced. Hopefully we will have an update before Xmas
Hardly many big buys !. Any buys whatever size are purely speculative. For some a gamble worth taking. As with Amerisur we just have no idea what the final outcome will be. All we can do is be patience and see what develops.
Im not a fan of GC and never have been. He comes over as a person who only cares about his own interests and has his own agenda. He shows disdain towards the small investors like myself. No one will ever succeeed in getting rid of him as Chairman of Amerisur. My only positive I can say about him is he is not getting any younger and he will also have an exit strategy. Hopefully the long termers invested here will also benefit. It might be a few years away but patience may be rewarded. Hopefully we may be taken out before then with a reasonable cash/share offer
Unless we have more dynamic Management or a takeover I cant see 30p for at least 2 years. In 2 years bopd has in fact reduced. Yes we have great prospects but its always jam tomorrow with the current Management
You will have a long wait then !
Follow Malcy the paid tipster at your peril. His record speaks for itself !
It is the finance that is missing !
This is not looking good now. Cash will run out by the end of this year. The finance negotiations are still going on. This is now looking like a very risky very speculative investment.
Sorry was at 0.2088.
Just sold 1 million shares with no problemat 0.24
Annie -38. There is downside should the ongoing finance talks fall through. There is no guarantee that the finance will be sorted out anytime soon. A very speculative punt for some
More like liquidation tomorrow. Glad I got rid of most of my shares over the last few weeks. In my opinion these shares have no value. The finance talks have gone on far too long without any reasons bring given as to what the problems are. To tell us discussions are ongoing is meaningless. Can't understand why there are investors out there who keep pumping cash into this company via there's placings.
I agree with the above posting. In my mind I have already written my Investment off. These advanced discussions are now a joke. A badly run company where the Management care only are about being paid their inflated salaries for doing nothing. I have got rid of most of my shares over the last few weeks as this company is going nowhere.
We are at 5p because we have had no I go re the finances. The last RNS mentioned nothing about how production is affecting profits. We are not even sure there is any production. Talk is cheap and and as with other Gi!es Clarke companies the small private Investor is not top of his priorities. I certainly would not be adding to my holding at present until we get more info as to what is going on. Not suprised there is a lot of selling as this share has been ramped up based on hope rather than fact. In the meantime will not be suprised to see 4p soon. What we need is more factual news on how production is affecting the finances. We are all in the dark.