Member Info for smorrisjones

Topped up this morning. I hope the American market reacts well on Monday.

Your clueless. You obviously haven't run your own company.

Agree. There will be no value here to worry bout now. Share price will stagnate for years with millions of warrants and slow progression and zero market credibility. Sadly this company and the board has let everyone down. Not the first and wont be the last. Good luck all.

We certainly do know the terms.

Mainly being , shareholders getting screwed over AGAIN !!!!!!

ICECOOL what planet are you on? Shareholders are going to be diluted heavily again ! AGAIN ! Purely down to poor management and slow growth.

Absaloute shambles.

This is a classic example of poor management and a cover up. Although the sacking of the CEO and CFO was obviously required for me the board has let us down.

This will be taken private at a ridiculously low price and us PI’s will be screwed over big time.

Sad but true.

Everyone if forgetting the overhang of share warrants here. That will stagnate any upcomming rise in SP.

any good *** packet calcs on the valuation of the ipo $100 million dollars maybe ?

Shawbrook commences London IPO with GBP1.92 billion valuation. 17 billion load book. Make STB look cheap.

Is an updated brief presentasion

was going to try and do some *** packet calcs but i've given up lol

What a load of rubbish you complete idiot. Absolute waste of oxygen

Certain Websites mention $75 to $250 per ton.

So, lets take the lower number to minimise AIM expectations and rampers opinions.

22,000 tons a month. = $19,800,000 yr revenue.

We just don’t know the costs / profit share percentages to do any meaningful calcs.

That’s why I believe the market is in limbo.

Dare say we get 25% of profit off a 35% margin that’s circa 1.7 mil profit a year to Ironveld.

Very basic but that’s how I’ve valued the deal and why I sold 30 million shares yesterday.

Only hold 9.3 mil shares now. GLA all.

Nice buy that. He must have some confidence in the company. I'm 75% up with STB so far so enjoying the undervalued ride at the moment.

What an absoloute poo show. They couldn't run this company any worse.

Absolute joke really isn’t it.

Loan book up circa 10% yr on yr and profit expected to be up circa 30% yr on yr and the share price is down 20%.

Couldn’t make it up. I’m getting fed up with UK markets.

It’s pathetic.

What a complete overreaction to today’s update.

It’s not even that bad, and all shareholders where aware of the divestment of the Vehicle loan book.

Every time there a slight bit of negativity within an STB RNS the share price plummets for no reason.

Oh well more cheap shares for me.

Morning all.

Thought it was a good update on current issues and progression. It would be nice to understand the numbers more clearly but I believe he company will be able to address this further after the 30 days first ore deliverables mentioned in the rns.

There’s a demand for the product and IRON can produce that product.

I find the share price reaction quite interesting. A far as I’m concerned the company has de risked its operations. A great opportunity to build a stake in a company that has suffered for years but is turning a corner.

Cheap shares all round. Good luck all.

Dilution you mean not shorting

Apologies, I can make it now. Whoever attends can you provide and update following the meeting? If you don’t mind of course.