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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Int Ferro | IFL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.90 | 0.90 |
| Top Posts |
|---|
Posted at 28/8/2015 11:09 by crossdresser We haven't gone bust yet so why all the doom and gloom? We're in SA's version of administration on the request of the company not one of it's creditors, this is a good thing and bursts the on-going negative cycle this company has been in. IFL now get the chance to cut overhead and sit down and negotiate sensibly with the potential bidders mentioned without the chaos that was previously consuming everybody's time. Potential outcomes are:-1) Injection of cash from investor and re-list as a going concern 2) Company sold to bidder and monies distributed amongst shareholders 3) Sold off in bits and monies distributed amongst shareholders We've not gone, just in a period of consultation. I would not and did not sell out at .75p. There is value here definitley but what it is nobody on this board or any other knows so we will have to wait and find out what the results of the discussions are |
Posted at 19/8/2015 09:10 by wigwammer The shares are around a penny.When do you expect penny share investors to turn up? |
Posted at 27/6/2015 11:59 by konil yes gark, fully agree. imo if they stay afloat through the down cycle the upturn in the share price from these levels will be dramatic when it comes.as regards bank loan i do wish they would look at a longer term revolver which would remove the weight of the annual renewal. some signs that u.s. will start raising rates later this year, if so, it will help further with the zar exch rate and longer term may mean commodity markets will see better days as global economies pick up. short term i remain bearish about the fall out from rising rates especially if there is contagion from bond markets into equity markets. in this scenario the only 'positive' for ifl sp, if that is what one can call it, is that with share price at these levels hopefully not too much further downward pressure here. looks like the long road keeps getting longer...really need to see sustained upward momentum in fecr pricing. meantime the quarterly reports take on ever more significance as investors try to 'read the signs' to determine whether ifl will remain afloat. no doubt management are sufficiently sensitive to this !! gl to all lths. |
Posted at 26/4/2015 10:33 by benboy Many thanks for your sympathy Konil. No-one knows the depth of pain and self recrimination that hasn't experienced it for themselves.I too should give up investing. I appear to have an uncanny knack for sending anything I'm involved in into immediate freefall! lol Critically for IFL they have to manage this next year or so with an unrealistic fcr price whilst right at the extreme edge of their borrowing facility. No room for any more electrode paste fiascos or enforced safety shutdowns, but even modest price relief could put us back into profit and ease up cash pressures. An increase in share price is inevitable if they can stay in business. Would be really relieved to see it move to start bottoming at 5 or 6 though. The accumulation of investors owning hundreds of millions of shares at 2 and 3 makes the arduous task of moving back up considerably more lengthy. But...gla for a speedy recovery!! |
Posted at 25/4/2015 10:13 by benboy "The Company is currently assessing appropriate and prudent financing options which will protect and enhance shareholder returns. A number of potential investors are evaluating the project and the Company will engage with them during the coming quarter to enhance financing options".Lol, I hadn't realised my investment and its returns were being protected. There was me thinking that a paper loss of 80% of the capital invested, (which in my case goes well into 6 figures), has been a total rout. As for the returns!!! ha ha ha ha ha, someone is having a laugh aren't they. To say this has become scary would be the understatement of the past 5 centuries. I notice Konil you dont seem so keen to start buying again at 2 Notwithstanding the forgoing observations I believe Chris Jordaan is as good as it gets so my "investment" will also stay in the bottom drawer so long as he doesn't make for the exit. |
Posted at 23/4/2015 16:50 by qackers Link to IFM website to listen to conference call -(not great quality) Question at end about debt facility. They don't sound too concerned. |
Posted at 25/2/2015 15:29 by konil thanks for that info wildrider, useful to know how the industry sees things.according to jordaan fecr stockpiles have shrunk from 3 months consumption to 2 months (dont know if he meant globally or china only) . but he did say if fecr prices rose then dormant production capacity (from producers who have shut down at current prices) would come back on stream constraining further rises therefore he does not expect any big rise - that's different to no rise though. imo there are 5 fairly obvious factors which will determine the direction of ifl's share price in the near to medium term; - sudden shocks in wider markets, by which i mean if a serious bear does materialise it will hamper ifl share price regardless of how well ifl themselves are doing. with markets hitting highs much bad news is being ignored, so imo the possibility of a serious pullback is still there. - commodity pricing, which is dependent on economic factors and supply considerations. neither of these appear to be favourable currently and according to the metal pages piece wont be for fecr specifically until 2018 at least. - ifl success in reducing costs and showing consistent quarter on quarter profits at prevailing fecr prices. - ifl reducing debt or in other ways allaying investor fears over the debt facility especially when sailing so close to the facility limit. - absence of adverse operational issues which ifl do seem prone to albeit some of them may be outside management's control, or at least the ability to absorb such issues financially and still show a profit. imo the first 2 which are completely outside ifl control, could have the biggest impact on the share price but 2018 is a long way off, so i remain hopeful of better fecr prices before then, and additionally i look forward to higher ifl capacity at lower cost from 3rd furnace in 2017, and meantime hope ifl can deliver ongoing quarterly profits. near term a sharp pullback in markets seems likely though of course with markets hitting highs not many investors agree with that. for the time being i retain my 2p/11p exclusion zone for adding to my ifl positions. all imo, dyor, nai, etc. etc. |
Posted at 23/2/2015 23:05 by qackers SP Angel view reported by proactive investors.-------------------- -------------------- International Ferro Metals (LON:IFL) – Weak interims highlight IFL operational and market challenges • Ferrochrome sales totalled 101.7kt (H2/FY14: 112.7kt, H1/FY14: 109.6kt) on weaker production with European benchmark prices down at US$1.17/lb (H2/FY14: US$1.20/lb). • Production came in at 98.0kt (H2/FY14: 111.8kt, H1/FY14: 116.5kt) affected by Section 54 related stoppage, new reductant trials, processing of lower grade material and planned maintenance works. • The management has further tested the electrode integrity by growing power input trying to push production rates higher. Unfortunately, the process was found unstable with the decision taken to decrease the load to levels seen in FY14 in order to maintain electrodes integrity. • Annual FeCr production target has been revised downwards to 200-205kt from previously forecast 215-222kt implying stronger output in H2/FY15 (102-107kt). • Production costs averaged R8.15/lb (H2/FY14: R7.32/lb, H1/FY14: 6.44/lb) due weaker production and higher winter power tariffs. • As production is set to ramp up coupled with better quality ores available sourced from Rooderand and MG1/MG2 seams operating costs are expected to come down as demonstrated by normalised costs recorded in Dec (R7.23/lb). • Sales totalled R1,022m (H2/FY14: R1,098m, H1/FY: 1,003m), up 1.9%yoy, on the back of R66m generated in ore sales versus R14m seen last year. • Despite a 8% depreciation in the Rand during the period, weaker FeCr prices together with wider discounts for final product, higher operating costs and a decline in production saw IFL reporting a gross loss of R52m (H2/FY14: +R110m; H1/FY14: +R121m). • The operating margin declined to -5% (H2/FY14: +10%, H1/FY14: +12%). • EBITDA fell to –R93m (H2/FY14: +R91m, H1/FY14: +R112m). • Profit before tax was -R176m (H2/FY14: +R10m, H1/FY14: +R31m) with around 50% of the loss attributed to normal IFL operations (-R85m) with the balance accounting for impairments (-R26m), inventories and shipped product price adjustments (-R35m) and reductant trials costs (-R30m). • Non-cash impairment items included: R14m covering Co-Gen plant engines, R5m furnace assets and R6m other capital work in progress. • EPS fell to -31.55cents (H2/FY14: +2.00cents, H1/FY14: +5.91cents). • Net debt stood R451m (Jun/14: R338m) with R49m cash in the bank. Cash balances were affected by negative operating cash flow (-R13m in H1/FY15 v +R24m in H1/FY14) and R58m spent in capex including most of the R18m budget set away for the Co-Gen chiller. • The Board decided not to pursue the considered Pacific Carbon acquisition. • Co-Gen plant operating on smelter’s off-gases with a planned capacity of 10% of total IFL’s total power consumed, to re-start in Q2/CY15. • Non-executive directors, including the Chairman and Deputy Chairman, voluntarily agreed to a 20% cut in their remuneration. |
Posted at 29/1/2015 15:14 by steeplejack "Priced to go bust. The one caveat is of course the debt levels"Like the majority of small resource production stocks and virtually all junior exploration stocks!When things stabilise,as inevitably they must,the majors will gobble up these mining minnows at bargain prices......much to the irritation of long suffering private investors who will still find themselves well underwater even at takeover prices.It's got to be tempting to average junior miners at these levels but I don't see any urgency. |
Posted at 08/10/2014 11:43 by konil c'mon rishika, i know its tiresome all this waiting for the turnround, but i can't see any similarity between lond and ifl.this from the london mining update today; " London Mining Plc Quoted on London AIM (LOND) ("London Mining" or the "Company") 8 October 2014 FINANCING UPDATE Further to the announcement made on 29 September 2014, detailed discussions are ongoing with potential strategic investors, London Mining Plc (the "Company") and the Company's bank lender group. Under the structures currently proposed, the Board believes that there will be little or no value remaining in the equity of the Company and the other listed securities of the Group. While the lenders of the Company remain supportive of the process, they are not expected to provide any further short term funding which would be provided by a strategic investor if the discussions are successful. There can be no certainty at this time on the likelihood or timing of such an investment. With the iron ore price at its lowest level since 2009, the Marampa operations have been put under considerable financial strain. In addition, the outbreak of Ebola in Sierra Leone has introduced significant challenges both to the strategic investor process that the Company began in May, and to the ongoing operational performance of the business, where our team in Sierra Leone continue to show exemplary commitment in such adverse circumstances. The capital that is needed from such an investor is significant and the proposals currently contemplate funding of the life of mine expansion and a cash injection into Marampa to allow the mine to continue operating. " |
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