International Ferro Metals Share Discussion Threads

[konil] 26/8/2015 11:50

hi tomboyb, imo ifl is worth more if given the time to continue operations because the commodity cycle will turn around...eventually...and fecr prices will recover...eventually.

a buyout may occur but even if 3 or 6 times the current share price is achieved, its still a poor deal for most lth's. and most likely it'll be less than that.

of course a firesale would be much worse.

have long felt ifl needed to get the facility on a firmer footing, as i've banged on about many times.

let's see what transpires.

[tomboyb] 26/8/2015 11:41

konil 26 Aug'15 - 11:35 - 1481 of 1482 0 0

ifl is worth much more as a going concern but of course that requires patience.

If someone with deeper pockets wades in here -

[happywanderer] 26/8/2015 11:38

Wonder if the guy from Aberforth who bought shed loads of these at about 12p is still working

[konil] 26/8/2015 11:35

ifl is worth much more as a going concern but of course that requires patience.

if the credit facility has been withdrawn, i'm guessing ifl will want to explore alternative lenders if they haven't already been doing that.

it might just be a delay at the bank with the facility renewal given what's been happening in china in recent days - maybe that's too optimistic.

not looking good but hoping for the best.

gla.

[tomboyb] 26/8/2015 11:01

All I can say is best of luck -

Hoping long suffering shareholders get something from here -

[pennyfalls] 26/8/2015 10:55

Tomboy ..
That'd be nice, but not hopeful

[tomboyb] 26/8/2015 10:47

Penny - They have mentioned an announcement requested by them - No financial situation mentioned YET -

So we to await details - I still think 50:50 in terms of the T/O certainly from these levels -

[pennyfalls] 26/8/2015 10:33

I called Numis up the other day and had a talk to one of their managers about inflated broker targets - this was after one of their workers put the phone down on me 3 times (claiming he couldn't and wouldn't talk to PIs.

In my opinion these house broker targets are worthless - and always have been. The fact that Numis reiterated their BUY signal a few days ago is meaningless IMO..
They have no idea and continue to put out these disingenuous and leading figures by rote.

It's almost criminal in some ways.

I'll eat my words if IFL have got a deal going here - but personally think this is the end. I left a small amount in here for the possibility of an upshoot if the China funding got the green light but believe the plug may have been pullled.

[pennyfalls] 26/8/2015 10:19

Me thinks China have pulled the plug - and firesale/liquidation on the cards

[tomboyb] 26/8/2015 09:06

8/16/2015 – International Ferro Metals Limited had its price target lowered by analysts at Numis Securities Ltd from GBX 20 ($0.31) to GBX 15 ($0.23). They now have a “buy” rating on the stock.

Good luck all shareholders -

[tomboyb] 26/8/2015 08:59

Why would Numis have a much higher target price just 6 days ago?

We don't know until further developments -

[jailbird] 26/8/2015 08:51

why would you extend any facility..there is no light at the very very long tunnel

[gark] 26/8/2015 08:39

Given negotiations with bank of China were ongoing and with what is happening there maybe the line is being pulled forcing a sale

[tomboyb] 26/8/2015 08:18

We shall see -

Numis the house broker had a much higher valuation on these only 6 days ago -

You'd thought they would be closer to the action on IFL - However, we don't know the ensueing news at this stage -

[stockriser] 26/8/2015 07:58

At least it's at the request of the Co.

GLA SR

[tomboyb] 26/8/2015 07:57

How odd - Statement of Suspension?

International Ferro Metals
Statement re Suspension
26 August 2015

International Ferro Metals Limited
(“IFL” or the “Company”)

Suspension of Trading
International Ferro Metals Limited (IFL) confirms that the Financial Conduct Authority (FCA) has granted a suspension of the listing of its fully paid ordinary shares (IFL Shares) on the Official List with effect from 7.30am on 26 August 2015. The IFL Shares will be suspended from trading on the main market of the London Stock Exchange with effect from the same date and time.

A further announcement will be made in due course.
- ENDS-
For further information please visit or contact:
International Ferro Metals Limited Tel: [phone]
Chris Jordaan, Chief Executive Officer
Numis Securities Limited Tel: [phone]
James Black / John Prior / Paul Gillam
About International Ferro Metals:
International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.
Forward Looking Statements
This announcement contains certain forward looking statements which by nature, contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.

[tomboyb] 26/8/2015 07:51

I think that too -

Numis not going to look to clever with a 15p target 6 days ago

Its one or the other -

[thehitman1] 26/8/2015 07:50

looks like bad news.

[gark] 26/8/2015 07:42

Looks like a takeover or bad news.

[tomboyb] 26/8/2015 07:41

TIDMIFL

RNS Number : 1097X

Official List

26 August 2015

NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST

26/08/2015 7:30 AM

TEMPORARY SUSPENSION

International Ferro Metals Limited

The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 26/08/2015 7:30 AM at the request of the company pending an announcement:


Ordinary Shares Premium Equity Commercial (AU0000XINAK8)
of No Par Value Companies
fully paid

This notice has been issued by Listing Applications - 0207 066 8352.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NOTPFMFTMBTTMBA

(END) Dow Jones Newswires

August 26, 2015 02:30 ET (06:30 GMT)

[tomboyb] 25/8/2015 22:32

What do you think the chances are here -

With a market cap of just under £5 mill or thereabouts -

Numis are House broker -

[tomboyb] 25/8/2015 22:16

hxxp://www.lulegacy.com/2015/08/19/numis-securities-ltd-lowers-international-ferro-metals-limited-price-target-to-gbx-15-ifl/585115/

Numis have a 15p target on IFL - 5 Days ago

IFL - have significant operations hence someone buying this out is a possibility - A former FTSE 250 Company -

Seems Nuts but there is also a elemental risk - Numis certainly have a "buy" rating and a 15x priice target on IFL -

[ryan83] 25/8/2015 14:25

you got many of these tomboy?

[tomboyb] 21/8/2015 13:55

Assets around 20p per share - I see that depreciating however someone must be interested at that discrepancy - Its fairly large