International Ferro Metals Share Discussion Threads

[gark] 23/1/2015 14:47

I am in same boat but for my sins I just bought 350k more shares.

[benboy] 23/1/2015 14:40

I will be really glad to see the delayed production report if for nothing else than knowing just how dire things are to have caused this price collapse, and being able to make a better guess as to survival.
This is by far and away the worst loss I've ever suffered and the the most painful. Four years of constant unrelenting torture.

[spursspurs] 23/1/2015 14:27

The only thing is, it does keep going lower as you say on small volume so hopefully when and more importantly if the tide turns it should go back up fairly quickly on heavy volume.

[gark] 23/1/2015 14:23

Looking at Ferrochrome, seems to be a shortage in China and a squeeze on prices. Think this can turnaround very quickly.

[benboy] 23/1/2015 14:12

What I cannot understand is when a share hits its all time low it usually attracts modest support. Normally taking substantial selling to take it to a new low.
Ifl appear to set a new all time low, what seems like, every day and it takes nothing in terms of volume to send it ever lower.
There just isn't a floor to this ongoing nightmare.
Assuming we survive it is going to take a miracle every quarter for the next two years for there to be any chance of revisting 10.

[konil] 22/1/2015 18:26

sat, what's happened to the currency and fecr price charts?

[gark] 21/1/2015 16:12

Been delayed by a week in that case.

[darlocst] 21/1/2015 13:27

Scheduled for Jan 29th according to company website.

[gark] 21/1/2015 13:04

I hope so! Really sick of this dog!

[spursspurs] 21/1/2015 12:42

Looking not good based on share price movement last couple of weeks.
Hopefully we will be surprised in a good way for a change!

[gark] 21/1/2015 12:39

Any views on update tomorrow?

[replicas1967] 20/1/2015 21:32

Me TOO !!!

[rikky72] 20/1/2015 21:18

I've been invested here since last spring (although have been burnt a number of times with this before; sucker for punishment?) but I am concerned to say the least with how low this is right now.I'm not about to cut and run but I'd have to say, if I were a new investor looking at the 1 yr chart, I would quickly move on..I want to be optimistic as I don't think they will go bust but this has been far worse than I anticipated.Anyway good luck all LTHs and let's hope we see significant improvement within the next year..

[konil] 16/1/2015 20:14

i had a 2p/11p exclusion zone on ifl trades i.e. i would not buy inside those limits.

if it does get to 2p i'm not sure i'll be able to stomach any purchases. i guess a lot will depend on what's happening in the wider markets, but already feeling i may have to wait for sub-2p before putting my hands in my pockets for ifl.

anyway compared to some basket cases i've been invested in ifl is a quality company by comparison. its only fault seems to be its a smallcap in an era of weak commodity pricing, but then that's hardly the company's fault.

dont know when the commodity/economic turnround will come, but if ifl are still in business when it does, then imo 5 bags from here is near certainty and 10 bags is not unreasonable to hope for.

sitting tight but not relaxed with these huge losses.

gla.

[sat69] 16/1/2015 19:06

I still have not sold but confidence is so low I just don't feel I can write anything positive, nor am in the mood too! With a bit of luck the production report out on Thu 22nd Jan will contain a few nice surprises, and hopefully after that the directors will dip their hands into their pockets again (I don't believe they are allowed to at the moment as we are in a closed period) which will undoubtedly give the share price another boost.

[gark] 16/1/2015 12:21

Unbelievable. Below 3 now on the bid. We going to survive this? Anyone spoken to Aberforth?

[wilb] 15/1/2015 18:38

Konil - Nope, I'm here too. Goodness knows why though!!!

[konil] 15/1/2015 16:52

gark, just you and me then. :)

good point about the borrowings. i keep hoping they can do 2 things about that;
1. reduce borrowings so there's more headroom to the facility limit.
2. move away from the annual renewal to a multi-year facility.

imo these 2 things will boost investor confidence in the ability of the company to keep going through tough times.

also agree about reducing production costs but i fear they are getting close to what can be achieved in absolute terms barring some new technology popping up - perhaps more can be done but i suspect cost reductions will be limited from here on in, though i'm no expert in this arena.

for the really big turn round in ifl's fortunes its down to the fecr price increasing but who knows when that is likely to happen. economic and commodity indicators are mostly pointing south at the moment!


do you have a link to the macquarie piece? tia.

[gark] 15/1/2015 14:37

Macquarie cuts price target today too!

[gark] 15/1/2015 13:16

What worries me here are all the mistakes that have cost money. Now sailing very close to the wind on borrowings so need to generate a serious amount of cash or sell company if there are any buyers.I personally hope they can reduce production cost to ZAR 6 or thereabouts so as to generate profitability as others are facing difficulties otherwise we need an export tariff on ore.

[konil] 15/1/2015 12:04

its so quiet on here, i'm wondering if most of the lth's have sold up here by now? can't say i'd blame them! but if so, someone must be buying from them???

on the other hand not much to say i guess, until the next set of results.

[konil] 13/1/2015 11:02

gark, i fear we may be in for further falls in the wider market during 2015 and possibly into 2016. no matter how absurd the under valuation of ifl, it seems it will not be insulated from these wider forces, as i had hoped, so we could see more ifl pain yet.

on the other hand when the wider markets turn round (and if my above expectation is wrong then that could come sooner rather than later) then i expect ifl to follow suit and make up for lost ground with the big caveat that commodity prices are also rising specifically fecr - i see commodity prices and market rises to be linked at this stage of the cycle because the former will indicate a global economic upturn which the latter will respond to.

as regards ifl itself its difficult not to be pessimistic given the hammering all investors here are taking but at some point the selling must disappear and in the meantime the lack of bb traffic is a good indicator there is little trading froth in the share price

so assuming ifl stays in business the future must be good, and all the more so if it shows it can survive such a vicious and prolonged downturn in the fecr price.

all imo, dyor etc etc.

gl.

p.s. any idea why the infomine updates appear not to be coming through?

[gark] 12/1/2015 22:35

This really is a painful, frustrating share to hold. Starting to wish I had never seen IFL.

[junglist] 01/1/2015 20:33

Jiquan might as well add a few more, make a mandatory bid and get it back on the cheap.