Member Info for samadhi1978

Bond market runs crazy, bitcoin is unpredictable and AIM is no more same place as it was years ago. People not investing on AIM but trading only. AIM is like market of emotions not rationales.

Glencore mining rights acquisition RNS on Monday? Any rumours?

Nothing surprising in today's financials. What is says deal announced shortly, EGM late September PCGE rebirth in October.

According to NEX rules we must deliver financials by the end of today. It will be separated RNS about RTO IMO and potential EGM call. No idea what we will get but we must get the financials today otherwise bye bye NEX.

I don't say much about around. Trying to top up when I can. Current SP is very low. On gold up trend and positive news this may be explosive.

Well, it will be moving fast on acquisition news. Any time really. Is it real worth to sell now for 0.7 ? Nonsense for me.

nonsense continues...

hope this nonsense will finish soon. Revalue will come sooner than you all think.

hope sell the rights faster than end of the year. Some mentioned about weeks.

Sorry *6 weeks

1.1m raised last February and you mean we have funding for next 6 months plus some refundable from smelter? Why you think is so much cash burn?

well, any valuation is very hard now. We should come back to 1.8p levels where the stock price was for long while off take talks were past year. Near 1.5p is kind of base line for me than current stock price levels. IRON slipped down so much after the long 'off take' talked were ceased however appears like we are back to talks with other parties. This theoretically should start to recover.

About the cost? All depends of the deal here. I wouldn't worry about vanadium prices because this market is cyclical and can raise as well as can fall. The FinnCAP valuated the project $243m which is many times than current mcap but lots to invest and expensive work required to make this vanadium recoverable. All depends of risk, infrastructure (new power plant, roads etc) so summarising all these factors Ironveld can be worth 1.5p or 5p per share.

I conservative ad-hock predict 3p but definite deeper case study required to estimate this better.

Big sells? Where? Some small private investors can't wait. It is typical behaviour on AIM. I can.

Well, this MAY take long or give us jack pot even on Monday. It must be something huge going on because clearly we have got some leak last weeks. Price spiked from 0.6p to 0.9p on no news. This can suddenly do us 2p or 3p or more in acquisition news however only god knows how long this will take.

go it, thanks Awstin

normally I wouldn't stay ask price 0.35p for long but this time I have pass this. Good luck all!

is this something you heard about? 750k as shelter? lots of cash for 5m mcap company.

another topic I wish ask what is your feeling about current cash balance? We have got 1.1m placing last Feb so company still should have lots of funds. In fact capital can't be raised at current stock price after the stock price 'crash' in June the company is forced to sell all or part its mining rights. How much cash IRON burns per month? Any idea?

Guys, company can issue shares for the minimal nominal value so appears like we are placing free up to 1p plus premium for brokers so nobody will support placing up to ~1.3p . Only way to raise capital is make share consolidation first which requires shareholders approval.

Well, drillers valuated company share price @4.5p but that doesn't man anything. They just bad negociators! Mentime I have no idea why the stock price is so low at the moment. This company having huge potential and I would buy to bottom drawer at this price. You can't loss.