International Ferro Metals Share Discussion Threads

[sat69] 01/1/2015 20:01

Nice to see a bit of interest returning and the share price bounce off all time lows to close with a bid of 4p, albeit on poor volume. Hopefully the interest will continue in the build up to the production report on 25th Jan. Barring any nasty surprises between now and then, I'm expecting good production figures and the share price should continue to climb although I'm sure there is a long way to go before most of us get anywhere near break-even.

Happy New Year to all and here's hoping we see 10p again at some point in 2015!

[gark] 24/12/2014 12:04

Will be interesting to see where production cost works out with UG2 and new mine coming on stream. If they can move below 7 will be great!

[jailbird] 24/12/2014 10:37

this sounds moe positive, maybe for 2nd quarter onwards



But power supply is a concern of South African producers

[jailbird] 24/12/2014 10:33

disappointing news for the price of ferro chrome in the short term

[jailbird] 24/12/2014 10:32

First quarter 2015 ferrochrome price announcement

Shareholders of the Company are advised that the European benchmark ferrochrome price has been
settled at 108USc per pound for the first quarter of 2015, a decrease of 6% from the 115USc per pound
price in the fourth quarter of 2014.

[jailbird] 24/12/2014 10:31

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2015 PREVIEW: Ferro-chrome producers brace for another year of pain

December 18, 2014 - 18:00 GMT Location: London

Ferro-chrome prices could easily start 2015 lower as European consumers seek parity with cheaper Chinese prices, a topic that is expected to dominate imminent benchmark price discussions.

It is officially agreed every quarter between a large South African producer and a leading European mill, although simultaneous discussions take place between other producers and their customers. The discussions have been described in the past as "two sick men talking." No one is making good money in the ferro-chrome market, which has been smacked particularly hard this year by very poor demand in China. South African producers are squeezed between rising production costs and the low prices they can’t afford not to agree to because their steel mill customers are struggling too. And in China, domestic ferro-chrome producers have seen even thinner margins as cash-strapped steel mills cut prices and delay payments for raw materials. European consumers will undoubtedly ask suppliers for a benchmark price reduction for the first quarter, based on the increasing gap between European and Chinese prices. The 2014 fourth-quarter headline European benchmark price – still applicable.

[konil] 23/12/2014 12:33

could we be near the bottom of the commodity pricing cycle? of course the picture is not uniform across all commodities and the bottom can last for a long time before any upturn in prices, so who knows when relief will arrive.

however, if ifl continue to show ability to make profits (albeit small ones) in this market then it bodes very well for when the upturn comes.

i'm expecting some further falls in top line commodity stocks once the traditional santa and new year rallies are past but continue to hope ifl will buck the trend being small and mainly under the radar.

dont know when the big boys will show a reversal of the down trend in their share price but a multi-month upswing in their charts will be my signal to consider topping up with ifl. by definition that makes it some way off yet, but as always patience is the key.

all imo, dyor, etc etc.

wishing everyone here a merry x'mas and a happy and profitable 2015.

[gark] 23/12/2014 11:26

Same to you! I really hope we see a positive outcome here!

[benboy] 23/12/2014 08:44

Happy Christmas all and best wishes for a successful year with IFL in 2015

Ben

[benboy] 18/12/2014 10:02

That's a relief. Let's hope we move out of the threes today or tomorrow

[sat69] 18/12/2014 09:20

Even though IFL has issued a statement that the Eskom generators shut down is not affecting IFL, I believe it is the reason for the recent falls and today's gains.

Eskom generators running again
Johannesburg - Four Eskom generators, that had stopped working at three power stations, were functional again on Wednesday morning, an official said.

"As we speak now this morning, we have recovered those units," acting spokesperson Khulu Phasiwe said.

"The system is no longer as tight as it was. We have relatively stabilised the power system," he said.

He said the power utility needed to build up its diesel and water reserves, which it had used for the past few days as an alternative supplier.

The generators had stopped working at three different power stations on Tuesday. Phasiwe said the risk of rolling blackouts still remained, but was low.

In recent weeks, the utility has battled to keep the lights on since the collapse of one of its coal storage silos, diesel shortages, and maintenance issues.

On December 5, Eskom implemented stage three "load shedding". Stage one allows for up to 1000MW of the national load to be shed, stage two for up to 2000MW, and stage three for up to 4000MW.

On December 8, Eskom CEO Tshediso Matona denied that the state utility was in a crises.

[gark] 17/12/2014 17:13

Jisco directors also bought stock so not sure they want it to go bust.

[themoreiwantyou] 17/12/2014 16:40

The company has been downgraded by several brokers:

15 Dec share price Angel 17.00 Buy
27 Nov Numis 25.00 Buy
26 Nov share price Angel 17.00 Buy

Although the targets are several multiples above the current share price, it is still a downgrade; downgrades spark selling.

[themoreiwantyou] 17/12/2014 16:33

And the directors buying in October, knowing the company is going into administration? Really. If this company goes into administration. I will give up investing completely.

[rishika2] 17/12/2014 16:28

I honestly feel that there is some manipulation by Jisco. They are very shrude. At the end of the day i feel they will just let the company go into administration and then buy off the cheap through some other means. There is no other reason having a 15 million cap and no buyers. This is way beyond fundamentals and disbelief. At some point FCA should look into the share trading as regards this company. Jisco or somebody else must have been doing some manipulation via backdoor.

[gnawe] 17/12/2014 16:18

Is it not jisco that are selling ? please let me know because I cant work out who it is

[gark] 17/12/2014 16:18

Also Aberforth bought 5mn more. Wouldn't do that if they thought it was going bust.

[gark] 17/12/2014 16:07

So far Jisco have not let it go under so with their support, should be ok. I think in H2 they should be profitable hence should get through this. However they continually disappoint leading to a lack of confidence in this market.

[rishika2] 17/12/2014 11:49

directors of this company should be jailed for misleading

[rishika2] 17/12/2014 11:48

when will we hear that the company has been put into administration ?

[konil] 17/12/2014 11:29

well, so much for the hope that ifl would be protected against further falls!

whole company now valued at less than £19m, the pain continues.

[konil] 15/12/2014 17:29

yes, should lead to some very good numbers for the rest of the year, operational mishaps aside.

i continue to hope, especially now that the share price has already recently been hit, that ifl will be somewhat insulated from the ongoing carnage in top line stocks and maybe if ifl report good numbers it may even show a rising trend if funds exiting elsewhere are looking for a home.

need to see a sustained rise in the ifl price for a big recovery though.

all wishful thinking at the moment but may happen if lucky.

[gnawe] 15/12/2014 16:41

And rand weakenin