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Just maybe Brussels is waiting until the UK no longer has a seat at the Voting Table before they finally push that one through - a measure that I presume the UK would have vetoed in the past.

Also, please note that when the UK no longer has a seat at the table I would not be surprised to see a revival in the EU’s call for a half a percent EU Stamp duty on all EU Financial Instruments (insurance deals, shares deals etc) - a measure that I know the UK always voted down.

Daisan - my post was just some thoughts.

And may I say with all sincerity that I bow to your better understanding of BMN's processing capacity. If that a limiting factor, and there are no plans to increase capacity, then taking IRON's off-take doesn't seem to make sense.

BUSHVELD and IRONVELD are practically neighbours.
I have been an investor in IRONVELD for 3 years now, and have seen my investment dwindle during time (sound familiar??).

IRONVELD has a number of hurdles to overcome, chiefly they do not have a Water Licence and they are unable to commit their dwindling cash supply to Buying a Smelter for their primary product (High Purity Iron - HPI).
If memory serves IRONVELD signed a partnership deal two years ago with an undisclosed Company to take all of their Vanadium off-take – at a time when Vanadium was relatively cheap. This leads me to believe that BUSHVELD is probably IRONVELD’s off-take partner.

The upside to this for IRONVELD is that it provides much needed cash-flow.

The upside for BUSHVELD is that they have access to more Vanadium without the CAPEX, and in a growing market having access to more Vanadium has got to be a good thing.

It is also worth remembering that China reduces REBAR production during the Winter months to mitigate local pollution, so in all probability China will start to ramp up REBAR production soon (in the 2 months or so??).

getbusy - I hope so, got shares in both.

Last price I saw for Ferro V was £138.5 per KG at 80% pure. I believe IRON's purity is I believe is 36%. So that equates to £62 a KG. If, when, ever we get a smelter and water licence then a 10 bagger is a possibility a few months after those hurdles have been overcome is a possibility (assuming that the V price continues on its upward trajectory). With the HPI contribution as well the SP may go beyond 10X.

I hate to be so positive for fear of being accused of Ramping - but it is what I think or rather hope for.

PS I have reduced my Iron holdings in favour of Bushveld but I am waiting to buy back here if and when Water licence etc becomes a reality

Apologies for the disjointed text... Posted from my smartphone

Last price I saw for Ferro V was £138.5 per KG at 80% pure. I believe IRON's purity is I believe is 36%. So if when ever we fat a smelter and water licence then 10 bagger a few months after is a possibility with HPI. Then we will be another BUSHVELD. PS I have reduced my Iron holdings in favour of Bushveld but I am waiting to buy back here if and when!!!

Fortitude - Indeed take a look at Bushveld (our next door neighbour) up 25 % on the week. Of course IRON has some way to go RE Smelter and Water Licence but there is definitely HUGE potential here (and a good degree of risk it has to be said).

Rebess - I also thought they were due out around the 9th (as I posted a few weeks ago) but I have been "clocking on" early all this week in preparation for the announcement, mind you it was with the hope (not expectation) that we would see the low 140000ozs!!! which for me would have been a big BUY signal. However we are were we are, I managed to sell out at £1.04 first thing this AM (Barclays for once got the execution right!!!). I have not given up hope on CEY yet and will look to buy again in the future. As I first said some 2 and half years ago when I first started out "I am a newbie and will learn as I go". Well that's proved to be true - and boy have I learnt, much of which has been due to the insights and comments expressed on this board. I shall not let those lessons go to waste.

PS SIKO the pejorative remarks made today are unacceptable, even more so when made in anger.

Final thought on todays prelims. Although I have not looked thru the grades for an explanation I believe getting the BARMINCO LDHR up and running may not have been without difficulties, if my assumption is correct it could be that the may be beyond economic repair. The second Drill (under a different contractor) should be up and running by year end. So 2019 production could be potentially much brighter.

Bushveld article dated 13 sept 2018

http://www.proactiveinvestors.com/companies/news/201551/the-recent-stellar-growth-from-bushveld-minerals-may-just-be-a-harbinger-of-things-to-come-201551.html

bagman - with a very tight-lipped "owner" and management team there's rarely any news to spur on any upward action in the SP (amongst us PI's).

I think we will have to wait for the next Qtrs Prod figs and AISC before we see any SP improvement (I hope!!).
I believe these are due in the next week or two, but don't hold me to that.

annie38 - You are quite right, though it's fare to say the Limpopo region has a water crisis the info I posted re Cape Town is completely irrelevant to the IRONVELD situation. May I offer my unreserved apologies to you, Extasio et al.

If I ever find relevant Stats on the Limpopo water situation on NEWSNOW I will post.

I use NEWSNOW - a useful site that you can filter by Country. There is an interesting update today - direct linl below

https://www.news24.com/SouthAfrica/News/easing-of-water-restrictions-will-restore-international-investor-confidence-in-cape-town-20180912

Personally I keep an eye on POG, US Interest rate direction and the political / economic situation in Liberia. Other than that I am waiting for year end results (November I think) and what the AIC, AISC and Cash flow position will look like. Other than that Company news-flow on ASO is pretty rare.

Good point hedgehog - I can't see China buying much more US debt, they may even sell a bit at an opportune time - just to twist the knife!!

SA and the Limpopo region in particular have suffered an unusually severe drought over the last six months. This has meant the imposition of some pretty drastic domestic water rationing. It could be then that the delay (and BOD silence) over granting a Water Licence is a political necessity. However Reservoir levels in the Limpopo region are now comfortably above 60% and rising (note - they were down to 30% two or three months ago). Domestic restrictions are now being gradually lifted, and so with another four months of winter rain coming the WL just might be granted towards the end of this year or the beginning of next.

For what it's worth British Bull-Dogs (the day traders goto guidance site) has been recommending "STAY SHORT" on CEY for about a week now. But then, being a purely algo driven set of charts, they completely missed the Qtr2 SP drop (that day they recommended BUY if my memory serves) and no doubt will miss out on any sudden upsurge in SP (3rd Qtr results Oct 9th / Oct 10th ????).

Sotolo - Not for me, but then I am risk averse when it comes to trading on a short term basis. In my limited experience I have lost when I did and lost out when I did'nt

It seems that Blackrock was one of the large buyers, but it was not the only one. They appear to have bought 1.1 million out of the 6+ million after hours buys that occurred over the last week.

Lots of sells last night - £1,000,000 plus - a bit of Profit taking perhaps. If so then after a few days of large PI sells we may see more large buy actions. If this turns out to be a cycle then the SP will gradually inch up over the coming weeks until others cotton on. Of course this is also depended upon POG direction.