International Ferro Metals Share Discussion Threads

[konil] 29/1/2015 11:29

hope you're right sat.
gark's deal at 2.86 seems inspired now, let's hope it continues.
one thing that is starting to exercise my imagination is how they intend to finance the 3rd furnace. once that's out of the way the road ahead will be clearer imo.
meanwhile all the fundamentals seem to be going in the right direction. even small signs of fecr price finding a bottom, i hope.

[sat69] 29/1/2015 11:02

I've no idea where we will close today, but with the bid at 3.5p it's heading in the right direction. There were no nasty surprises in the RNS so that is possibly why we have rallied today.

The share price is mainly in the doldrums because of the huge debt the company has on their books. It will take a few quarters to pay down, but as soon as that starts happening I believe the share price will start to motor again.

[sat69] 28/1/2015 18:33

Good luck for tomorrow guys. I can't help feeling it will be a promise of more jam tomorrow as has been the case for the past year or so. Hope I'm wrong and the share price doubles!

[davius] 28/1/2015 14:42

With the bid at 3.25p, maybe we're waking up...

[konil] 28/1/2015 09:59

no probs sat. let's hope you change colour again soon!

[sat69] 27/1/2015 22:45

Konil - I've come to the conclusion that my recent downgrade (from purple to black) is the reason why the ZAR/USD charts have disappeared. As I am now a 'free' ADVFN user, I no longer have the ability to freely edit my threads. Perhaps when IFL come back to 10p I'll happily pay the monthly premium to them, but I can't afford to at the moment. Sorry.

[gark] 27/1/2015 17:32

Metal Bulletin and other news sources. China production lower and abolition of import duty has had an impact.

[konil] 27/1/2015 16:44

gark,

over last few months i have been trying to find good sources of research info especially current pricing on fecr but most i've come across need expensive subs and others dont give much current info on pricing.

what are your sources for market info on fecr?

tia.

[gark] 27/1/2015 16:04

Looking at Fcr price, seems there is less supply that is supporting price here so might see a surprise improvement there.

[konil] 27/1/2015 15:31

yes, me too. in fact if they managed to do that now to my satisfaction then i would start the top-up process now with small nibbles, but i suspect it wont happen until sept at the earliest because they already have the facility in place but one never knows, stranger things have happened.

fecr pricing is also key of course.

[gark] 27/1/2015 15:22

For IFL that is.

[gark] 27/1/2015 15:22

Thanks. I tend to agree but would like debt sorted out.

[gark] 27/1/2015 13:06

Thanks. I hope so, looking a bit bleak at the moment. Let's hope directors buy again.

[konil] 27/1/2015 11:45

gark, brave move, i think you will be glad you did! i just wish i had the nerve to follow suit but will sit on my hands for now.

i agree with you that if they survive these prices are a steal, after all they do have 2 mines and operating furnaces with customers taking their output.

gl.

[konil] 27/1/2015 11:38

ok thanks sat.
(at least you know someone looks at them!)

[sat69] 26/1/2015 22:55

Konil - Sorry about the missing charts in the header. Not sure what's happened there but I'll get working on them when I have some time.

[sledin] 26/1/2015 21:09

Looks like someone finally had enough and dumped over 2.5 million at 2p.

[gark] 26/1/2015 21:00

What was the massive trade at 2p? Looks a bit odd.

[gark] 23/1/2015 15:19

Who knows, lost so much already it is worth a go. If they stay afloat it will be ok

[benboy] 23/1/2015 15:11

Great! I hope you 5 bag it Gark.....by the end of next week,lol

[gark] 23/1/2015 15:10

Yep, 2.86p

[benboy] 23/1/2015 14:54

I haven't got level 2 Gark so can you tell what price you bought at?

[gark] 23/1/2015 14:47

Showed as a sale but was a buy.