Does anyone even care about this company now?
I aim this at the management.
No RNS since Oct 2022.
Are they sitting in an office with their feet up drinking coffee?
What ever happened to the Nayega Manganese asset?
We were once told a national geophysical survey being undertaken by the Togolese Ministry of Mines and Energy. any member of the Keras board thought about asking for an update?
Would be nice if the board even pretended that they cared.
From December last year.
"Further to the announcement dated 9 December 2022 Ironveld can now confirm that all material underlying agreements required by the Debt Purchase Agreement and Share Purchase Agreement have now been agreed and signed."
Why the delay?
Makes you wonder if the board are holding back something more significant than this statement claims.
Terrible standard of communication from this company. It is all very well sending out a few tweets but surely they need to get the smelter deal closed for the market to take them seriously.
Until the deal is closed on the smelters then it is possible some other entity will benefit from the production that is currently underway. The board have already shown they are prepared to shaft shareholders with massive dilution after broken promises.
The board have not delivered on key goals in the past and that is probably the main reason the SP still stays at near all time low's.
If the board wants trust back they will have to see actions through to their proper conclusion and start treating investors with respect.
Far too much waffle from this company up till now.
"I read that as extremely ambiguous".
Davethedumplin is correct.
The deal is not closed and would you take Ironveld's word about the use of the phrase "all Material underlying agreements".
Material is a word being abused. If the deal is not closed then the remaining issues must be material.
Terrible RNS in terms of clarity.
A mistake in my earlier post.
Cash position was $48M not Billion!!
It is a dusty old Interview but it does show that the shareholders have not been diluted into oblivion like many other Junior companies do.
https://www.youtube.com/watch?v=1aj3SLwnIF0&t=59s
Zanaga:
25 May 2012: Mcap of £233m with SP at 83p (280m Shares)
27 May 2022: Mcap £7.5m with SP at 2.44p (307m Shares)
If you look at the Feb 2012 presentation it also states Zanaga as 50% owners of the project (minus one share).
The only significant difference back in 2012 was the cash position of the company ($48B).
For a company that does not generate any cash it should at least be recognised as a great achievement to have only issued a further 10% of shares in a 10 year period. They have been responsible with their cash burn rate knowing that these sort of projects tend to take a very long time and can be very complex.
In Jan 2011 the ZIOC SP actually peaked at 212p and I am now guessing that there were a similar amount of shares in 2011 when compared to 2012.
The restraint shown concerning dilution does mean that the great potential of this asset is still intact and if genuine progress is made combined with a similar market to that of 2011/12.
So it is still possible to dream of a scenario were Zanaga trades above £1 per share and get back to a Mcap that has been seen before.
GLA Sharegar.
Share price fell from a high of 1.3p (Feb) to 0.8p which is 20% below the phantom placing price of 1p.
Surely a company with any credibility would update their shareholders on why there is such a long delay for something that was to happen "shortly" last year.
Ridiculous, that it was Align who were the last party to claim to know how likely the funding was going to be.
Hearing "progress" third hand and the odd irrelevant tweet is a slap in the face to retail investors.
Money from the loan can't last much longer means we must be running on fumes.
Maybe, Align are next going to tell us that they were talking to the Ironveld board and a discounted placing will be arranged? I might actually believe that one.
GLA
An RNS is overdue considering this week events alone.
The board have to update information on sale. Can it still go ahead?
On sanctions. Does it still not directly affect EUA?
On UBS/DLA Piper. Are they still involved?
Licences. Are they assured?
JORC. Are they going to release as planned?
Updates that were promised. Will they still go ahead as planned or are they delayed?
Liquidity event. Is this still expected?
Can and how they intend to transfer funds out of country under current restrictions?
The board have to answer these questions if they want upward movement of the SP.
I've arrived.
Actually been in for a few months.
Looking forward to much more gains in the long term.
Whatever way you look at it someone is making big money from this asset. The question is, how soon?
I hope my timing is good.
GLA Sharegar.
GLG is going away again? More comebacks than the Rocky movies.
Good, means I will have less green boxes cluttering my screen.
GLG asks hysterically. but how do you know I'm leaving?
I must admit he/she/bot is my guilty green box /unboxed secret. I just can not fathom why anyone can have so many changes in opinion and still think they are up there with the likes of Mac/Tilly/Ian and many more consistent and informative posters.
GLA Sharegar.
I have a feeling that our drums of Rum will soon be under siege.
The shorters are very soon going to need something to steady their nerves and help them forget and only Tilly's Rum is up to the job.
Excellent communications today from both Eurasia and Amur today.
Just like many well researched shipmates have been saying. The sanctions do not apply to either company.
….and its plain selling on calm waters.
There is a tidal wave of value creating information about to be released that will have a Helium induced effect on the SP, due to the fusion effect of our super heated Hydrogen plans.
GLA Sharegar.
Eurasia, should issue an RNS a bit like the one Amur have released in the last half hour.
swing of more than 30% so far for them today from low of 1.87p.
Amur have confirmed that they are not affected by any sanctions.
Eurasia can say the same, remind the market the sale is still on and very close and while they are at it let the market know that we are well below 26.5p Institutions paid and wanted more at.
23 Feb 2022
AMUR MINERALS CORPORATION
(AIM: AMC)
Russian Sanctions - No Impact
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announces that the Company has had the opportunity to review the UK and USA sanctions documentation as of the close of business in the USA (documents dated 22 February 2022). There is no impact on our operations or activities within the Russian Federation. No one individual or entity identified within the documentation is associated with the Company in any way.
TC101,
There will be some paths blocked as you rightly mention.
However, there are many alternative routes to the same sale destination.
We are dealing with UBS (Swiss) and WA (UK offices) plus we are a UK listed company.
If Boris was aiming for us then he missed.
GLA Sharegar.
Now that Boris has revealed his weak hand with limited sanctions that will not affect EUA it is time for the JORC/Licence RNS to end the day blue.
In this case it was sell the rumour and now it is time buy the news.
mizman points out,
BOJO, has put forward a poor set of sanctions. 5 banks and some individuals. Effectively the conflict is over. No further sanctions as long as Putin does not invade Ukraine proper.
The west has conceded Donetsk and Lugansk to Russia.
Now EUA a British company, can sell its assets to a Russian/Japanese consortium.
Name_mike
In terms of resource expansion. I'm pretty sure I remember someone saying that they have only tested resource to a fairly shallow level and what TSAE says also rings a bell.
So I would be very surprised if they could not add significantly to the resource at Arapua.
To maximise profits I'm sure they could build more facilities using the strong cash flow that would be generated at 400Kt/year. These facilities could be strategically placed.
Profit margins would go up because we already have the support in place at administration/sales levels which would be utilised for any expansion of our production.
Clearly we are also gaining traction from word of mouth with more farmers using our product having great results and scaling up their use.
Eurasia must prioritise update on the status of the licences. IMO this is probably the biggest drag on the SP at the moment and obviously the Russia/Ukraine situation is probably being blamed for the Issue/transfer of licence doubts.. The licences are crucial for the structuring to be completed. No sale without licences, so please eliminate the doubt.
Months ago, the board let it be known that these licences were at an "advanced stage". This in hindsight is not accurate, shareholders deserve an update.
On certain matters the board could have done much better with their communications. The other obvious example was "shotlygate".
If we can have clarification there is then no reason to doubt the sale will finally conclude.
The recent statements from RNS on 14 Feb 2021 are very positive but the doubters/shorters are taking full advantage when important components of the deal are not updated to the market in a consistent fashion.
So come on board, sort out those loose ends and further to that give as much information as you can.
Take Amur as an example. They managed to start the ball rolling with an indication of the sale price.
I think it is also time for another reverse speeding ticket. We are well below 26.5p II prices.
Saying the Directors are calm etc is nothing of substance, you would say that and it means nothing in a legal sense.. I remember Chemical (comical) Ali and his optimism.
At Eurasia, 2 years later there is still doubt about what is actually being sold and for what price.
Below: what was said on 14 Feb 2022.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are pleased that our structuring is approaching completion, as we work hard with DLA Piper and our other legal advisers. As announced on 8 February, we are making good progress despite the current geopolitical context and a separate announcement will be provided. Contrary to speculations, the Directors and the Officers of Eurasia have not sold any shares and, as the largest shareholder group, are focused on the liquidity event along with all shareholders".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: We are looking forward to completing the split of our nickel, PGM and hydrogen projects into separate subsidiary companies that allows us to execute on our strategy as previously announced".
I am in till the end and I do believe in the board (I do think they have been brilliant in 95% of their actions) but I think a few home truths need to be brought into the open.
Looking forward to the "liquidity event" but there are two paths. The stressful option or the stress free option.
More information of substance= Less stress.
C'mon Eurasia get over that winning line.
GLA Sharegar.
Interesting snippet from Vox royalty.
Vox have started to receive cash from their royalty agreement on the SEGILOLA GOLD PROJECT.
Watch video from 3:40 for a couple of minutes. They speak about Thor Explorations.
https://www.youtube.com/watch?v=sqHdlNAOxEk&t=220s
Guidance has been given to Vox for the next three years and they are very pleased and as a Thor shareholder so am I.
Our mine has exceptional grades for open pit and very few miners get off to such a great start as Thor Explorations.
First mover advantage in Nigeria. Management and staff have done a great job in such a short time.
The story has only just begun.
GLA Sharegar.
Had a scan over 10+ of my TSX shares on the Stockhouse chat forum's.
Virtually no-one worrying about Russia/Ukraine situation.
Similarly on ASX boards (Hot Copper). Not looked at too much but again there is not any signs of investors being overly worried.
It just seems to be our Politicians/Media that have stirred up a frenzy. Continually getting their "imminent" predictions wrong.
Obviously this is the last chance saloon for derampers to try and put doubt into EUA investors minds.
Meanwhile Eurasia are finalising the structuring of their subsidiaries. Which allows them to execute their strategy.
If you carefully read the RNS's over the last year and a half I think you will conclude that Kola Nickel will definitely be part of the liquidity event.
This subsidiary will include NKT and NYUD as well as MT/flanks. These are near production Nickel dominant mines. Once the NPV for the sum of parts comes out it will make the NPV of $1.9B @8.33% NKT for spot price look like small change.
The board have been very consistent in the sale process referencing all the way back to 12 May 2022 when the "credible party" was first announced. The only unexpected developments have been added interest of other parties.
The Kola Mining (PGM/predominant) and Hydrogen business going forward is not quite as clear cut, but you can be assured that EUA 2.0 will not be a disappointment. There is massive interest coming from Japan and I'm sure there will be exciting news going forward.
Throw in more licences. We will have north of 200M Oz Platinum equivalent, easily.
Remember the NPV of NKT ($1.9B@spot prices) is only based on just over 11M Oz Platinum equivalent.
The Dividend policy for >80% return is already in place and DLA Piper are finishing off the paperwork. EUA will be releasing a series of JORCS soon and will be providing further updates on the sale plus further news on new licences/transfers.
There is plenty of near term news events that will re-rate the SP before the Mega dividend is unveiled.
Do you think a market Cap of less than $0.8B for >$200B in-ground value will be the end point?
Thought not.
GLA Sharegar.
Thought I would do a top up today for 89,879 shares to bring my holding up to a nice round 250,000 shares.
An excellent "small but big project" and another "Massive project".
Both open in all directions very good ore grades/widths and plenty to find at depth as well.
Closing the finance is a hurdle that if we clear then the SP may never look back at such low levels ever again.
Onwards and upward!
GLA Sharegar.