Member Info for HighlyGeared

There's always a first time, however Tyrus have no history of taking over any other companies in their history. Also as a generalist investment company, they don't have the skill set to wholly own an oil company. Just my guess, however I think the future will be brighter from Tuesday given that the new CEO will have got a handle on operations, and the BG overhang has gone. So I've taken a decent position at 17.5p.

There is usually a lag between a seller being finished and the mm's clearing the stock through their books.

Not a bad pick up today. Am I the only one left here?

Let's hope the coming week brings us our business update.

I believe from the last broker note, they are looking to scale up to 15k tpm during the current quarter, with a 20k tpm target for Q1 2026.

Hopefully a comprehensive business update can't be far away now. Probably the most important update in Ironveld's history.

Interesting that the CEO used the words "Corporate Update" as opposed to the 'operational updates' which we'd had up until commencement of production. Hopefully we'll therefore get some news on offtake agreements.

Thanks for sharing the CEO's email response Stephen. Very encouraging.

My Ironveld post on X.

https://x.com/HighlyGeared/status/1957763005787304183

There were plenty of welcome optimistic operational updates in the run up to the Lapon processing plant becoming operational.

Since commencing production...Zippo!

Come on, Ironveld directors! Play the game, and provide a proper Lapon production update, otherwise any hope of renewed investor trust will fade away, for the foreseeable future.

The good news is that it wouldn't take much to shake them out of the JV and either retain 100% of Lapon, or replace them with a proper processing partner. Sable is more or less a shell company which could be taken over for very little. Therefore Ironveld look to have a strong hand going forward.

If the Google mcap of Sable is correct, as well as the Google rand exchange rate, Sable as a company, could be taken out for £142k. They are not an appropriate JV partner for Ironveld's Lapon project.

For the life of me I can't see what Sable bring to the party for their 50% JV of Lapon, other than a 500tpm offtake agreement with a pre-payment of £210k? They're a micky mouse company, and Ironveld would be better off kicking them into touch and negotiating larger offtake agreements and maybe even a JV with bigger players.

More importantly if they are expecting to"ramp up production progressively and anticipates achieving full operational capacity within the next two months" they must have a customer to sell the finished DMS magnetite to. So at least one offtake agreement RNS must also be close.

Good spot HfH. The Sable update must now trigger an RNS from Ironveld.

Those last three prints timed at 10.08 and 10.09 were delayed from Friday.

When there is an mm to mm transfer it means one of them is tight for stock.

The 3 x 10m prints at 11.02am are mm to mm trades, as they always reverse them out. A nice little indicator.

Does anyone else follow the Ironveld hashtag on twitter? I feel as though I'm alone in a haunted house over there.

It'll be interesting to see how long Sable can hold out from updating their shareholders who were not tuned in to their EGM. They stated they would publish the EGM details on the same day (6th August). I still think that they'll be trying to co-ordinate with a simultaneous Ironveld RNS, so as not to prejudice each others update, however surely Sable can't hang on from updating their shareholders who did not attend for too much longer, as those who did attend will be deemed to have been given inside information.

L2 strengthening with a couple of mm moves this morning. The good news is that Marex who had recently been pushing down so hard on the offer (and creating the price drop) have for the moment retreated into the pack, which is a good sign.