International Ferro Metals Share Discussion Threads

[rikky72] 21/2/2016 07:00

A few hundred.. if only.. I put 6k into this dog. Funny thing is looking back I can remember I was absolutely convinced a few years back that this was going to a quid from what was then about 15p. What's that saying about not investing in things you don't understand.. oh yeah, that..It does seem to me though that what many thought would drive the company's growth a few years back ended up killing it: China Be pretty happy to get 1 or 2p back from this but realistically I'm expecting nothing.

[konil] 16/2/2016 16:32

if they're taking longer cos they're hammering out a better deal, i dont mind waiting...

...but i doubt that's the reason!!

[gark] 16/2/2016 16:29

Deadline passed, should there not be an update?

[pennyfalls] 12/2/2016 18:14

..I remember him at the Blades...many moons ago (I'm not a Blades fan, but remember him well)

[chico hamilton] 12/2/2016 15:45

Villa for my sins. ?

[pennyfalls] 11/2/2016 17:21

Blades, Villa or Chelsea, Chico?

Cheers for message...that's my laziness regarding RNS (I thought it was Feb 5)

[chico hamilton] 11/2/2016 16:24

The BRP deadline is Feb 15, as per the RNS on 8/12.

[pennyfalls] 09/2/2016 14:49

YOOOOOO OOOOOOOOOOOOOOO!!!

anybody there??

Anyone with any idea of next update? I thought it was scheduled for Feb 5 ish..

cheers

[pennyfalls] 03/2/2016 11:37

Thinking the same konil..

anyone? I had the feeling it was early Feb..

[konil] 01/2/2016 11:05

anyone any idea when next update might come?

[gark] 21/1/2016 21:39

In that case I didn't read it properly. Written this off anyway so anything would be nice.

[bam bam rubble] 21/1/2016 18:31

The takeover price was based on that supply deal not changing, but it's had to be
renegotiated after legal action with better terms for the supplier and means IFMs
business is worth less so Samancor will pay a lesser sum for acquiring the assets.

The new supply deal is IFM(Samancor) get 355,500 less free tons between 2016-2020
and must pay the supplier R60m more than planned (c.$3.63m). So the sale price is
likely to drop by $3.63m and whatever value it places on the ore supply shortfall.

[bam bam rubble] 21/1/2016 17:45

Looks like nil for shareholders then courtesy of that pricing amendment. Bad times.

[konil] 21/1/2016 17:20

ahhh, the rns!

sorry gark, i'm asleep at the wheel as far as ifl is concerned having (painfully) written off my investment here.

well, can only hope it makes a significant improvement on returns for shareholders.

gl and regards.

[gark] 21/1/2016 12:27

Says they will renegotiate purchase price with Samancor materially higher to reflect this and think the supply is worth around USD 50mn so should be good for another USD 10-20mn on purchase price.

[tomboyb] 21/1/2016 07:53

You think so? Gark?

[konil] 21/1/2016 07:50

gark, haven't followed this for some weeks.

please explain!

[gark] 21/1/2016 07:46

Recovery price will be higher, might get 2p at this rate.

[stockriser] 05/1/2016 11:25

Samancor will purchase IFM's South African ferro-chrome assets

January 04, 2016 - 07:21 GMT Location: Shanghai

KEYWORDS: ferro-chrome , chrom-ore , Jisco

International Ferro Metals Limited (IFM) has agreed to sell its South African ferro-chrome assets to Samancor for around ZAR720 million ($46 million), the company announced in December.

The South African subsidiary of IFM went into business rescue in August last year. IFM attracted the attention of three to four potential buyers for its South African ferro-chrome subsidiary, Metal Bulletin reported in September,...

[pennyfalls] 18/12/2015 13:07

Cheers gark

[gark] 17/12/2015 07:12

By 15 Feb according to previous release.

[pennyfalls] 17/12/2015 01:38

Any idea it will be 'til the next update regards creditors/shareholders anyone?
Thanks