Share Name Share Symbol Market Type Share ISIN Share Description
Ironveld LSE:IRON London Ordinary Share GB0030426455 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.375p 5.00p 5.75p 5.375p 5.125p 5.375p 340,396 14:22:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.3 - 17.65

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Date Time Title Posts
25/10/201608:58Ironveld plc1,527
03/4/201513:42The Iron Ore thread55
14/5/200718:27The new arsenal?33
13/10/200223:45Are Women the cause of the markets collapse???-

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Ironveld (IRON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
25/10/2016 14:22:245.2060,0003,117.00O
25/10/2016 11:15:105.0050,0002,500.00O
25/10/2016 09:57:085.2318,888987.46O
25/10/2016 09:56:435.0050,0002,500.00O
25/10/2016 09:55:565.0350,0002,512.50O
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Ironveld (IRON) Top Chat Posts

Ironveld Daily Update: Ironveld is listed in the Mining sector of the London Stock Exchange with ticker IRON. The last closing price for Ironveld was 5.38p.
Ironveld has a 4 week average price of 5.27p and a 12 week average price of 5.11p.
The 1 year high share price is 6.38p while the 1 year low share price is currently 3.88p.
There are currently 328,287,688 shares in issue and the average daily traded volume is 80,468 shares. The market capitalisation of Ironveld is £17,645,463.23.
callumross: Yep - profit before tax forecast as 22-23 million dollars each year for the first 6 years of the project which is also the profit after tax due to tax allowances. In year 3 onwards profits are forecast to ONLY be $16m dollars per annum due to tax starting to be paid. These figures are AFTER interest payments. Of course much can go wrong in execution and obviously we are already running months behind schedule but remember that these figures may be on the low side now due to the exchange rate translation into sterling. Don't know where you get your figures for PBT from Al, but they are a huge underestimate (at least, based on forecasts). Just a guess but lets assume they raise £15m by the issue of 300m shares at 5p, being equivalent to a 1 for 1 rights and total shares of 628m. The remaining £20m being debt. Then $22m dollars profit would equal approx. £18m divided by the shares in issue comes out around 3p EPS annually. Even a derisory P/E of 5 gives a share price of 15p and don't forget that this is only the preliminary project with a much bigger scale project to come! Lots of assumptions made by me here but it does give an indication of the potential value for equity holders of the project once up and running.
underhill2: It's the lack of Finance news which is causing the share price to drift lower. It would be nice to at least be given an update but thats not the style of Management here. Just like at Amerisur we have to be patient.Would not surprise me if we have to wait until early next year for Finance news.
al101uk: The BEE funding is in place, The fund raising is due to be majority debt based and I assume they won't do a placing until after the debt is in place. The price of the placing is likely to be dictated by the terms on debt. It could be that once the loan is in place, the share price gets a boost and the placing comes in at or around the price settled at. The share is illiquid, any buying will see us flying so short term I'm happy and may trade the spike. I have no doubt that Giles will execute and we will have a smelter (timescales are another matter), so long term I'm also reasonably content. Medium term, following the debt and until we know the placing price, I'm expecting a bit of a roller coaster ride. I don't think anyone can predict any future placing price right now, but thinking about 10p seems over optimistic to me at this stage.
friars3: then we will see the share price move. good news
cyberbub: The Daily Mail article suggests that the smelter cost will be $60M = £40M. 25% of the funding is already probably available via the BEE holding (sounds like it will be direct govt grant ie. no dilution). That leaves £30M to find. If we assume a typical debt : equity split of 2 : 1, that means £10M through equity. At what price though? At 10p it would be 100M extra shares. There seems like a very good chance in any case that the total number of shares will be kept below 500M. *If* the predictions of $27M pre-tax profit by 2018 are true = approx £12M post tax, multiplied by 75% that the AIM shareholders own = £8M. On a p/e of say 10 (hard to see it getting higher for an African miner, even in relatively stable RSA) that would be an £80M market cap. On 500M shares that would be 16p share price, or with 400M shares (probably optimistic) 20p share price.Have I got anything wrong there?
callumross: Shows share trading is all about timing. I got in far too early when the DFS was published in April 2014. Should have just waited. Now we are on the cusp of financing, offtake agreements and construction, all likely to be announced within the next 3 months and suddenly the market is waking up to the fact that this one is going to happen. £9.5m profit before tax in the first full year of production. That tells me that the share price should be a lot, lot higher.
orange1: Either trades have taken place but not yet been published or orders have been received and the share price adjusted in an attempt to effect the trades, for example to engineer sales to that a buyer can be provided with shares.
taudelta1: annie agreed ... substantially the only risk is financing, and the share price seems to exaggerate that risk .. (DmyOR) EPS from a full year of production from the initial smelter is 2p per share ... plus there is long term upside from further smelting facilities as originally contemplated... GLA
teapot222: Morning lads. I am looking for a more experienced trader to explain how the share price should react as we approach production, not the expected rise as we move from explorer to producer, but what the share price outlook is regarding figures from the November presentation of £26m turnover per annum and £8m earnings. Say we rise to 8p as production begins, giving a mcap of £24m, would we then expect a share price rise of 2.6p per annum or am I wildly out? As the small smelter is Proof of concept and hardly anything was mentioned of the larger smelters are we now thinking a sale before full production is more likely than going it alone? We have a mine life of 100 years so a major would see as a profitable addition long term riding out any short term pig iron/vanadium/titanium price drop cycle that we currently find ourselves in. Any thoughts are appreciated.
spob: Iron ore bargains? from investors chronicle Iron ore's spectacular summer crash - from $145 a tonne in April to $87 in September - sent shockwaves through the mining world and tore shares of heavily exposed junior iron ore producers to shreds. But while spot iron ore prices have since tracked back up to $125 a tonne, shares of junior producers have continued to fall. This suggests there might be scope for a substantial recovery in junior iron ore shares over the coming months - kick-started by an improving Chinese economy. Shares of the four newest iron ore producers listed in London - African Minerals (AMI), Bellzone Mining (BZM), London Mining (LOND) and Strategic Minerals (SML) - have fallen by 51 per cent on average since the start of the year. They have also collectively declined 4 per cent since the beginning of September, despite iron ore prices rebounding by 44 per cent over the same period. Risk-averse equity markets rightly punished the four stocks during the iron ore meltdown. But the shares failure to bounce back implies investors don't think the iron ore price increase will last. That, or previous buyers had their fingers burnt and don't want to re-enter the sector given the increased volatility. Yet there could be another explanation. It has been widely reported in the press that shipping companies are growing concerned about higher than anticipated moisture content of iron ore from West Africa during the rainy season, making the transport of iron ore from countries such as Sierra Leone potentially unsafe. This is reportedly causing loading delays and could raise shipping costs for miners operating in the country, industry sources said. Analysts from broker share price Angel maintain this is more likely to impact African Minerals' less-treated DSO (direct shipping ore) product than London Mining's treated iron ore concentrates. African Minerals is ramping up a new wet processing plant at its main Tonkolili mine so it does not envisage such problems continuing in the future. In any event, the rainy season in Sierra Leone ended in October and won't start up again until May or June. One company that has managed to avoid this summer's downward trend is Afferro Mining (AFF), which has two large but undeveloped iron ore projects in Cameroon. Its shares are up 111 per cent since June or 53 per cent since the beginning of the year - helped by recent chatter about a potential suitor. Company Share price 3/01/12 (p) Share price 12/04/12 (p) Share price 3/09/12 (p) Share price 12/12/12 (p) 8-month performance Year to date Since 3/09/12 African Minerals 451 550 249 265 -52% -41% 6% Bellzone Mining 27 29 13.5 13.5 -53% -50% 0% London Mining 300 273 135 130 -52% -57% -4% Strategic Minerals 9 9 5 4 -56% -56% -20% Average -53% -51% -4% IC VIEW: Usually we would expect shares of emerging miners to outperform the market as their derisked operations ramp up production and investors eye imminent cash flow. But the reality of new production in a weak pricing environment has made the market nervous, especially given the recent pressure on margins. And while there is undoubtedly plenty of risk remaining, there's compelling value, too, especially if the Chinese economy - the world's largest iron ore market - shifts up a gear in the new year. We rate the shares of African Minerals, Afferro Mining, London Mining and Bellzone as buys.
Ironveld share price data is direct from the London Stock Exchange
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