Member Info for TheBasher

Patience. That is all that is required now. Sit back, enjoy the weekend and whatever nice summer weather we get over the next few weeks and come back early autumn to see how much money you’ve made.

Would be nice if Mr Wardle could get the team at Ironveld to update their website with some current pics and a clearer, bolder design.

I for one think a website is a shop front for a company, and gives the first impression of the company .

As some are very happy to hold and/or build a position in Kodal (as I used to be) , I am more than happy to hold and potentially build a position with KZG. Only time will tell now which of these will reach the potential that some investors see - maybe both, maybe neither. But based on the potential multiples from here in the midterm, which do people think is the stronger?

Very bold statement and very encouraging for what’s coming down the track…

Regardless of all the abuse when I pointed out the risks building up here, I was a real fan of and investor in Kodal. But the cracks were appearing. Unlike Chef, I reduced my holding to nil, but unfortunately only after the slide had begun but still with handsome profit. I was intending to jump back in if my concerns were allayed but currently that is looking increasingly unlikely. Can someone convince me otherwise?

Did I miss this earlier? Seems as though the website has had a bit of a refresh with all project information fully up to date.

Obviously, really good news about the joint venture.

Just a wee word of caution: forecast revenue still at least 18-months away which gives plenty of time for market shenanigans. These could start any time, even as early as today. I fully expect a significant pull back, perhaps on some fabricated negative news, which will relieve weak holders of their shares and facilitate a handover to their city mates before the real rise in sp plays out.

TheBasher

Price: 6.56

Shorts to close?

10 Apr 2025 09:29

Given the recent upside momentum, potential for involvement with UK mega projects, focus on hydrogen development, I would not be surprised to see these shorts closing out to maximise profit before they see it whittled away by continual share price increase. Pure speculation, but I think we may have seen the bottom.

Interesting that you can't now open a position in IRON on IG Index's Spreadbet platform.

@cloud9surfer - you made what I think are some very valid posts yesterday. You can’t ignore the fact that IRON could enjoy a similar “phoenix from the ashes” moment that KZG enjoyed - both have the highly experienced and successful John Wardle guiding the ship from troubled to calm waters, and now with the wind in their respective sales. A great asset, funded to production, off take agreement etc etc. The big difference with IRON is that there has been massive dilution to keep IRON afloat, but without it IRON would have sunk. I suspect that the dilution for LTHs will to some extent be mitigated by increased profitability either through operational efficiencies or expansion, or both. Fingers crossed. Just my thoughts, but based on my experience as a (averaged-down) LTH in both, and successful investments in a previous Wardle company. I’m happy to hold overweight holdings in both.

Caveated by WTF do I know!

Enjoy the weekend, and let’s see what next week brings,

Very 😄!

Put these words together and delete the numbers:

1. Directors

2. Talk

3. Interviews

that was meant to be a link!

it’s from the ************* interviews website….

https://www.***************************/ironveld-plc-targets-sharp-rise-in-cash-flow-as-2.5m-new-funding-approved-analyses-turner-pope-loniron/4121179012

@bumpingalong - completely agree.

- clear explanation why he sold shares to exercise options (tax reasons) and said he wish he hasn’t had to do it that way.

- even though a bonus to HMS as being the major revenue generator, they seem to be a bigger potential contributor to revenue. Alexkor in charge of sales of diamonds, no numbers available yet.

- Wavisklop - Off take agreement being fulfilled.

- Perdevelei - News on license imminent. Significant barriers of entry for competitors. Once license granted, there will be a very quick scaling up to exploit increased acreage, with at least 10x increase in revenue, but mentions of 34x. ”enormous amount of very fast growth”,

Alexander Bay HMS ; “quality of sands is even higher than what we have already seen”, “purest sand deposits known in the world”, “simple process”…

- AFTAN Arbitration. Taking steps to recover the $12m plus any interest accrued at 20%.

Dennis never guesstimates numbers that either are not available yet through KZG, or are the responsibility of other parties, plus sensibly does not reveal company plans which if made public, may unnecessarily jeopardise their progress (eg action to receive the arbitration award) . Given the tangible progress to date, I am more then happy with the way this playing and have no reason not to trust Edmonds and Wardle. I think by the end of the year it will have all become very clear why the Board not only exercise all their options, but keep buying on the open, and direct, market.

Seems like a nice little play by the MMs to reduce the sp, get some shares and fill a few larger orders before normal service resumes. IG now indicating +2.85%.

If my maths are correct…

@asimpleinvestor - a quick calc indicates that’s an approx £174,000 investment. Really? In an AIM stock? Brave man.

@burnemc - £94,350 bought at near current low and spread between several people sounds like a more risk adverse strategy.

@lamps56 - figuratively speaking of course, but there’s no Public Holiday in South Africa so anything could be happening re Perdevlei ..

@steven49 - you don’t say! Not just that but KZG also presented an opportunity for LTH’s to average down, as has IRONVELD which is exhibiting exactly the same characteristics as KAZERA. I took a load of IRON too last week and fully expect something like at 2x in the short term, and considerably more in the mid term…. KZG has already done the short term “modest” multi bag, and now poised for a massive rerate. Might not be tomorrow, but I don’t think we have that much longer to wait

I’ve repositioned my portfolio for hopefully quicker gains elsewhere so yesterday sold out of here the time being. Watching closely though for reinvestment at some point in the not too distant future. Good luck.

I’ve repositioned my portfolio for hopefully quicker gains elsewhere so yesterday sold out of here the time being. Watching closely though for reinvestment at some point in the not too distant future. Good luck.