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# Trades 14
Vol. Sold 717,370
Sold Value £4,842
Vol. Bought 686,827
Bought Value £4,636
Can someone explain what the hell is going on in the background to create this drop?
Is there a major shareholder dumping shares behind the scenes and if so, how is this possible?
Once again there is that familiar feeling that there are millions of shares being sold and not showing. Movement of an increase over 0.1p on c7.5m bought and c2.1m sold. Last week there was a drop of 0.1p when a few hundred thousand were sold. how do we check who is dumping on the market place?
I am surprised given today's announcement there aren't far more buyers!
While there are obviously major difficulties with Ironveld, surely there must be some major companies that feel they can do a better job than the current Board who quite frankly are becoming a bit of a laughing stock. £5m must be a good price to take this space over.......................
Seems to be a bit of buying over the last 24 hours and the spread is narrow................why is the price not going up? If there are big sales in the background, why are they not showing?
People seem to be losing patience...............Oh for some light on the horizon.
Potential, potential, potential = No progress
That list of companies has remained pretty much unchanged for some time.
What makes you think for one minute that the news could be next week?
Ironveld Plc (IRON.L) Relative Momentum On the Rise
Posted by Katie Hansen on February 5, 2019 at 11:18 am
Investors and paying cloes attention to shares of Ironveld Plc (IRON.L) as the Relative Momentum Indicator or RMI has been spotted trending higher over the past week. As momentum builds for the shares, we will watch to see if the price moves into overbought territory.
The Relative Momentum Index was introduced by Roger Altman, was publishing in 1993 in the Technical Analysis of Stocks & Commodities magazine. The RMI aims to iimprove upon the widely used Relative Strength Indicator, identifying when shares reach oversold or overbought range. The difference is in the “look back” period. The standard RSI compares the current close with the close 1 day ago. The RMI allows you to vary the number of days used to look back.
High yielding stocks can be very tempting for investors. Trying to maximize the return on every dollar invested is a goal of many individuals. What investors have to remember is that the stocks that promise the highest return potential may also be some of the riskiest to own. Because past performance can’t guarantee future results, investors may need to do some extra research when adding high risk stocks to the portfolio. Most investors are always on the lookout to spot that next big stock winner before everyone else. Making sure that they are not adding too much extra risk when doing this may be the key to keeping the portfolio balanced.
Turning to some additional key technicals, Ironveld Plc (IRON.L)’s Williams Percent Range or 14 day Williams %R is currently sitting at -1.91. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.
We can also take a look at the Average Directional Index or ADX of Ironveld Plc (IRON.L). The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 37.50. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, the 14-day Commodity Channel Index (CCI) is 140.96. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices
Why didn’t those who participated in the placing at 2p 12-18 months ago decide to hold and not sell when we were in the 2p to 2.8p range?
Good question, but, I think the answer is simple, if this goes, it goes huge, not ten fold, not, twenty fold, this could potentially be a three figure share.
Looks like there are lots of people expecting the AGM at 9.30am on 18th January is going to be all about raising more money.
The Company will be holding the AGM at 9.30am on 18th January 2019, at Ironveld's offices, Lakeside, Fountain Lane, St Mellons, Cardiff, CF3 0FB.
Final stages of water licence application - successful
Can just mean all aspects are now in place to apply.
IE All the stages had not been completed to apply.........................
It is Ambiguous
Why couldn't they just say, The water license has been granted.
That would be really major. If they had said this at anytime we could have expected a lot more interest in this share.
What they seem to have said is, "access agreement negotiations with local communities and land owners" were concluded successfully and perhaps this means the application can successfully go forward.
However, there is still cause for some real optimism.
Outlook
The Company remains firmly focussed on becoming a production led mining company and processing its ore on site. The current sampling programme with the off-take partner has the potential to result in a long-term offtake agreement and act as an important facilitator for this objective
The Company's long-term objective remains to develop and operate its own smelting capacity
"Final stages of water licence application and access agreement negotiations with local communities and land owners took place during the Period with successful conclusion post period"
Successful conclusion post period - it is certainly a little ambiguous
If its a buy, even over a fortnight period, that must bode well and the price ought to climb immediately! Shouldn't it?
If that 35m trade is a sell, we are in trouble. Looks like a sell because of the price though.
While there are still clearly delays ahead the potential is very real. I would have thought people would be tucking these shares away for a potential windfall. Yet there still seems to be regular drops in the share price because of the selling.
Come on management - make this happen.
While the RNS may not the most positive announcement ever. In spite of another 12 month delay, there are definitely more reasons to be optimistic.
http://www.observer.co.za/optimism-that-limpopo-economy-may-recover