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https://www.londonstockexchange.com/news-article/KZG/continued-progress-and-momentum-into-2022/15328375?showDisclaimer=true

Completely agree. This is a mega-distraction to take focus from something else, likely the economic turmoil.

@steven49
I think you raise an interesting point . Is something going on? It might not be as simple as bigger players coming in on expectation that the money will be raised.
- is there some complicated manoeuvring going in respect to shareholding’s?
- is an involved party either buying to acquire a larger stake
- is an involved party selling to either facilitate that buying or because they want out?
I’m not suggesting that anything nefarious is happening, nor am I conspiracy theorist but activity is very unusual for AIM and I for one am confused about it .
Any ideas ?

Now I know that Grosvenor are having to secure their own financing to secure the deal with Ironveld, then it’s no surprise this is taking time, and it might be quite some time.

But the surprise is that Grosvenor don’t have the money . The original RNS states:

“Ironveld (AIM: IRON) is pleased to announce a proposed new major investment by Grosvenor Resources Pty Limited ("Grosvenor"). Conditional only on shareholder approval, Grosvenor will invest £5.6 million (the "Subscription Funds") in the Company via a subscription (the "Subscription") for 561,505,950 new ordinary shares (the "Subscription Shares") in the Company at 1.0p per Subscription Share (the "Subscription Price").

and….

‘· Grosvenor is a new South African private company formed by young black entrepreneurs who wish to expand their investments and mining operations in South Africa beyond the bulk commodities space and develop high-value vertically integrated projects;“

It should have read;
“Grosvenor is a group of chancers who secure deals and then try and get the money”.
That might be a bit harsh, but it would be nice to know how much of their own hard cash they had available at the time the deal was agreed. From my experience if it’s anything less than around 25% then it could take a long long time to secure the rest. They seem to be more like an agent representing Ironveld to secure funds, only difference being that they’ve cleverly positioned themselves to be securely in the middle and own a big slice of the pie. If that’s true, hats off to them, it’s a cunning and potentially highly lucrative plan.

Again!
Tick tock!

I’ve been here a long time and never have I seen such trading activity on IRON.
Could be people loading up before THE news gets released. Just takes a careless word overheard from anyone involved in or around the deal, and a lot of buying pressure can result ….
Either that or large lumps are being dumped.
I know which side I sit so I’m certainly holding for the denouement.

Simplistic price forecast: 450,000 oz at £1354/oz = £609,300,000Divide that by 3,570,000,000 shares in issue and you get £0.17. Deduct 50% for all in sustaining cash cost for mining and still at 8.5p profit . And that’s the lowest end of forecast of oz’s recoverable just from Olympic. Just need to prove up the asset and away we go, potential mega multi bagger.

Finally my holding is back in positive territory. Bought a few more as my monthly SIPP allowance came through. That’s it. No more. See you in 12-months to see where we are :-)
Ok, I’ll be back to check before then ;-)

Looks like news will be landing soon :-)

https://www.forbes.com/sites/arielcohen/2022/01/13/china-and-russia-make-critical-mineral-grabs-in-africa-while-the-us-snoozes/?sh=2a18d19d6dc4

Some big trades going through yesterday. Looking good for news soon.

Seriously not a big issue.
I would rather look at the trades today , and the late reported one from yesterday.
Sitting tight waiting for an RNS with project updates .

Had to be done…
Now time to sit and wait.

Should read “the market is aware of…”

Exactly my point @poppyseed. The TA indicates is aware of the potential, and that awareness is illustrated by what the charts, IMO, tell me. Very reassuring.

And that could be the start !!
Nice bounce off the DMA.
Let’s see what next week brings.
Seems like the GC/NH companies are getting a good head of steam .

@nickrees5
Yes, Chinese New Year holiday from 1-15th Feb, so there will likely not be anyone working during that period.
Hey Ho. Wait till end of Feb at least if expecting news on anything China related.

All in the last month:
December 21
9th - 23m traded, high volume day
Few days later - bounce off the low
Some might say that this indicative of a leak. Some might say its chance or a coincidence.
22nd - 8-month down trend broken to the upside around
24th - RNS with positive news
January 22
SP crosses above 20/50DMAs
Golden Cross of 20DMA crossing 50DMA to the upside
High volume day
20DMA now crossing the 200DMA
SP recently pulled back (weak holders selling in to the rise?) with potential to bounce of possible resistance at 20DMA.

If we reverse recent decline, and on volume, and close above recent high of 1.58p, this is looking good for a significant move North.

If I was looking at the technicals alone, I would be interested in going long on this, but as many know I am a LTH, and the "story" the chart tells me is not a surprise .TA backing up fundamentals. I am reasured by the market which appears to be behaving in a way that indicates there is good potenetial here.

It will boom when the transaction is complete and money transferred ( or just before ).
Still not quite there yet.
Very similar to deals I work on. It’s all about the money. Without the money, any agreement can become worth diddly squat and expensive legally.

“Including the previously signed equity subscription agreement for £5.6 million, Grosvenor's total investment in Ironveld will be approximately £8.0 million. Grosvenor has been keeping the Ironveld Board closely updated on the progress of its separate funding arrangements and both parties expect closing of the two transactions in the short term.”

Signed but not closed?
Money not yet available and not changed hands yet .
Devil in the detail.

However still moving north, but not racing up.