Member Info for Sharegar

Typical statement from a ramper.

Does not refute the accusations about the running of this company and the continued failings but instead like to claim the moral high ground claiming they are the better person.

Some people like to point out some home truths and hope that someone with integrity takes some actions and makes things better.

One thing Kefi and Harry could start with is get timelines right for once.

Exactly UPshunt,

For some very strange reason there are quite a few, blinkered bot like people, making the case (without evidence) that there is nothing wrong with the way this company is being run by Harry and his invisible mates.

Just goes to show you, Harry still has some friends that don't seem to mind losing money and missing deadlines.

Carrot in front of Donkey........cry wolf when Donkey can't reach Carrot.

Carrot in front of Donkey........cry wolf when Donkey can't reach Carrot.

Carrot in front of Donkey........cry wolf when Donkey can't reach Carrot.

Carrot in front of Donkey........cry wolf when Donkey can't reach Carrot.

Repeat forever.

Reminds me of this companies strategy.

Is there even one other person doing anything for this company?

Whoever they are, Harry is puting them to shame.

It seems to be all about Harry. Maybe someone should give him a hand spinning those plates.

Good to see the strong correlation between kefi share price and Gold.

When Gold goes up, Kefi goes down.

it has become more and more obvious that this project will never get anywhere with Harry (it's always happening soon) involved.

Harry has a magnificent bank balance himself, so I'm sure he sees this as a big success no matter what we say.

Talking about Harry's wages.

How much has he accumulated in wages after all these years that he has been missing deadlines on an all too regular basis?

Why is he even in a job after all those false dawns?

Why do regulators not hold directors of companies accountable when they make claims about timing that in Kefi's case is already about a decade late.

Harry has a cheek to sneer when questioned about his failings.

Surely he can smile and just think of all the money he is receiving.

When has TW ever been right?

Better toss a coin and hope it lands on its side.

Looks like someone wanted to create some mischief to get in at a low price knowing that the debt is quickly heading towards zero and there is going to be increased and substantial cash flow for Thor.

Give it a week or two. Unless there are any real unresolved problems then the SP should recover and get back on an upward trend.

Harry would make a great Wizard of Oz.

Has anyone counted up the amount of times he has failed to deliver on schedule.

Maybe not. The calculator would overheat.

If you bought this on Jan 14, 2011, the Kefi chart shows a share price of 157.25p.

Factor in inflation.

Something that was 157.25p back then would probably cost 400p or thereabouts.

Not sure how long Harry has been at Kefi but for all his fighting talk about starting great companies I think most people would agree that 0.6p is not a great return on their investment.

It must be a very low number of people who have made any money from Kefi. Thats apart from directors and associates who have been well rewarded for all their hard work.

If you are smart wait for the SP to fall and then bag a further discount on the inevitable placing, maybe 0.5p.

Or if you are smarter wait the lower priced placing after that.

......and if you are a budding genious don't buy at all.

Well that is what a friend told me who bought in at a rather high price just over 10 years ago.

I'm off to watch a film now "There's something about Harry" or was it Mary?

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.

I think they mean their Nan bread?