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This is the bit confusing me
“ As previously announced, IIG has now successfully obtained a conditional offer of project finance from a South African funding institution, which remains in place and subject to further consideration by both parties on a non-exclusive basis”
Can’t remember it being announced that there had secured funding and (2) the deal is being considered on a non-exclusive basis - meaning others could potentially step in and take Iron forward?
Disappointing news today but i dont think it is curtains - not yet !
They will need to get their skates on and get something agreed as Final Accounts are due and they will need to satisfy the going concern requirement
Very strange position and I don’t think the full picture has been communicated.
there appears to be someone in the background wanting to buy stock today - getting live quotes to sell entire holding over 0.60p
Animal
I am no expert but my calc was as follows
100 cubic meters equates to around 35 tones of pay dirt. We have "exposed" 38,000 tones and, assuming it is all diamond rich pay, equates to 1085 "100 cubic meters". Based on the 6 carrot minimum per 100 cubic meter that could mean up to 6,500 carrots are out for auction?
My may however be well off the mark with this one
A few sells and it drops, a few buys and it rises, a load of sell and it slumps, a load of buys and it sores ! The casino of AIM Stocks - invest what you can afford to loose but with the hope that GC and his crew have got it right this time around
Past notice of delay was on 3rd September when due to complete at end of September. We could get a further delay RNS early next week which would be consistent timing with the last one. Edit her way, we are going to get an RNS to say one of three things - delayed, concluded or Off
If we get a notice of GM then I expect we will see this up at 1.6p to 1.75p. If funding is secured then a lot will be based on the agreed strategy and like timing of first revenue for the firm. All in my opinion of course
they obviously have a vesting interest but the note and the RNS appears positive.
They say in the RNS "Initial evaluations are that diamond content will comfortably exceed the average predicted grade of 6 carats per 100 cubic metres". This is highly encouraging as most miners will run a small sample of pay to check the resource quality.
Using some very basic maths (anyone correct me if i am wrong)
100 cubic meters equates to around 35 tones of pay dirt. We have "exposed" 38,000 tones and, assuming it is all diamond rich pay, equates to 1085 "100 cubic meters". Based on the 6 carrot minimum per 100 cubic meter that could mean up to 6,500 carrots are out for auction?
I actually think these after hours trades that have been showing for the past three days is someone buying in. This has been the first time in a good while I can sell 1.5m shares and not have to go to fill or kill. Technicals are useless here - everything hinges on Deal or No Deal
Everyone is allowed to express their opinion.
We were at £1.20 but we are not now and in a downward spiral - oil and gas are u loved and the external pressures on price I expect will continue..
If all the positive you quote aren’t built into the share price then why isn’t it higher. The market values Sqz at what it is. Why has it fallen? - there are more sellers than buyers.