Member Info for steven49

Worrying times possible some of this drop down to ukraine problems

think the markets pricing in a bad update and set of results

if the presentation did go well not showing in the share price infact dropping, feel they should have updated markets really of progress being made which suggests that they could be behind schedule

stay well clear of this stock until further trading statements short term this is going no where

hope fully announcement soon on contracts in asia,notice this new guy has been brought in to negotiate deals in Asia,share price at a all time low, one for the brave, speculative punt

a little worrying really thought they would have updated the market by now,unless they will wait till the interims to make any anouncements,or there is nothing positive to anounce

the longer this go's on im sure this will have a negative affect on the share price already on a very low share price,lets hope that this is sorted out quick in Ukraine. could see it as a buying opportunity's I suppose, but personally I wont be topping up.need to see more positive update, too much risk

most stocks are struggling today, Ukraine and dow jones all having negative impact, i see on a board that ironveld may be struggling to get the funding in place,think this is just a piece of scare tactics

Name IRONVELD PLC ORD 1P Epic IRON Sector Support Services ISIN GB0030426455 Activites Ironveld plc (formerly Mercury Recycling Group plc) is a new Pig Iron Project located on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa. Ironveld expects to mine its own magnetite resource at approximately 2.4 million tons magnetite per annum as feedstock for its Pig Iron Plant to produce 1,000,000 tons of Pig Iron per annum. Potential for vanadium and titanium by-products. Pig iron is manufactured by smelting iron ore. There are two main types of iron ore: heamatite (Fe2O3) and magnetite (Fe3O4). The Ironveld Group has a Ti-magnetite iron ore resource, which it intends to mine as a feedstock for a pig iron plant. Pig iron is an intermediate product in the steelmaking process. Demand for pig iron comes from steel mills employing electric arc furnaces ('EAFs'), which process steel scrap metal rather than virgin iron units. EAFs already account for over 30% of steel production, and this figure is expected to continue to rise. For EAF steelmakers, pig iron is a scrap supplement that can add significant value beyond the contained iron units. Aside from diluting impurities in scrap, its use can result in improved operational consistency and productivity. In this respect, pig iron is superior to other alternative iron materials. Pig iron consumption is currently growing due to tightness in scrap availability (due to the rapid development of emerging market countries), a situation that is expected to last for the next five to ten years. Vanadium is a hard, ductile, silver-grey metal. The main use of vanadium is in alloys, especially with steel. 85% of all the vanadium produced goes into steel, 10% goes into alloys of titanium and 5% into all other uses. A small amount of vanadium adds strength, toughness, and heat resistance. It is usually added in the form of ferrovanadium, a vanadium-iron alloy. Vanadium steel alloys are used in gears, axles and crankshafts.

Looking ahead, we hope to have completed the DES of the 12MW smelter by the end of 2013, together with confirming the availability of local funding in the form of Department of Trade and Industry grants, which will go towards the overall funding of the smelter. It is anticipated that the 12 MW smelter will be constructed during 2014 with commissioning likely in March 2015.

soon,I no results are due sometime in march and I don't think they are going to make good reading, just go's to show them directors who were buying in last year sitting on losses,could a fund raising be on the cards

notice of late some one has been off loading shares at 25000 shares a time,do they no something

my guess the markets are pencilling in for a poor set of results and I feel now you have to look beyond these results

hopefully should be an update soon on funding, and the des of this smelter should have been completed by now, and update on how the marketing of this pig iron is going,hopefully no problems

just wonder if they may wait til march for the interims results to update share holders, hopefully a update soon b4 that, just hope everything's on schedule and a positive update

appears not either

appears not,

looking back at your comments back in early january you seem to be positive bakky about this company lets wait for the good news you are expecting then

well there was some talk of possible 2 lucrative contracts back in September,maybe they will update us soon regarding operations, need to get something to get revenue up and share price moving

thats why this share is still speculative punt but the brave could be rewarded no guarantee that the news will be positive but lets hope it is and we can move this share price higher,the longer with out news the markets will get jittery and drop the price