Member Info for steven49

a loan is debt and will need paying back

debt of $20 million I believe end of last year and im sure there cash reserves are dwindling ,iodine prices stiil low,do your sums that's why the markets pricing in failure

will surly have to raise further funds, massive debt and im sure burning through cash

There are subtle signals in charting, and there are not so subtle ones. In the case of Ironveld we have a mixture of the two in the sense that the overall picture here for the price action is that of a rebound off the floor of a broadening triangle, which has been in place since this time last time last year. The floor of the formation currently runs at 4p, but it may be more important that we are trading in the wake of an exhaustion gap reversal that has played out since the middle of last month. This is a strong bona fide signal, especially coming as it has at the floor of the range. The initial support zone here has come in towards the 50 day moving average at 5.22p. The big plus point here is the way that this latest consolidation has taken the form of a V shaped bull flag which is most likely to be a mid consolidation. The message now is therefore that provided there is no end of day close back below the 50 day line the upside here should be towards the top of last year’s price channel as high as 9p. The timeframe on such a move is seen as being as soon as the next 1-2 months, especially on any swift clearance of the 200 day moving average just above current share price – over the next week

massive dept. I believe with much of this will have to be paid back

always going to be a difficult project to get going,my guess he is having difficulties in getting financial/funding arrangements in place,still very little trading for this company,just need to sit tight and hope he can pull it off,notice his other projects are not doing to well either Amerisur down with delays

this will work as long as news flow is positive and markets remain stable,the problem is the china crisis which is un nerving the markets causing huge swings in the markets

if your into charting then the master chart analyst zac mirs predicts 6.25 short term with a 9p target in 2 months,lets hope he is right,with news flow over coming months could be right as long as its positive

Lol,what a fool u areyou ,losing money,can bring the worse out in people,say no more,please tell me why you think this is a terrible company,

generally that's the rule but not enough trading of buys to really warrant much of a rise and with the dow free falling and china crisis and energy and commodities stocks falling,would have thought this would be the bottom b4 sort of recovery but can never tell with aim and markets, personally I never thought we would see these levels again but here we are at 4.35p and if dow continues to fall could test the 4p levels,good luck all

45,446 shares were traded at 16.01 at 4.39p,well done to get that trade in because after that a trade of 25000 trades were bought at 16 30 for 4.50

if you believe giles can see this project through on budget and on time then these prices 4 buying shares are so cheap

again all these trades 4.56 today are buys

I was given a price of 4.75p to buy,dont go by the price on lse,all prices 4.5 are sells but above that are buys

looks like most of these trades are buys apart from 1 sell in last 2 weeks all no showing at sells

this I believe will not go under but possible a merger with another company or even taken over,but 4 sure a massive fund raising on the way with huge dilution to shares,

looks like markets not impressed with update, more to do I feel with the delays and energy stocks are all sinking at moment due to slow down china which could affect usa and other countries, almost back to what it was 2 years ago,buy under 5p now

good question,to be fair I don't have a lot of money tied up in this company,and sometimes set a stop loss, i didn't with this company and realise a bit of a mistake on my part,my holding is now under half its value and now that we are at these levels with the share price its to low to sell now,the upside I feel is greater at these levels now,

unfortunately the larger orders are sells that are depressing the stock,being still far away this company till in production may be worth waiting as could fall further the share price

Notice this is one of toms recomandations a while back,