Share Name Share Symbol Market Type Share ISIN Share Description
Ironveld Plc LSE:IRON London Ordinary Share GB0030426455 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.675 307,693 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.65 0.70 0.675 0.675 0.675
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.54 -0.10 4
Last Trade Time Trade Type Trade Size Trade Price Currency
08:18:24 O 307,693 0.65 GBX

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Date Time Title Posts
21/10/201917:34Ironveld...possible bid for all assets at good premium to price ?34
19/10/201908:55Ironveld plc2,979
03/4/201513:42The Iron Ore thread55
14/5/200718:27The new arsenal?33

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Ironveld (IRON) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-22 15:29:370.68162,0741,094.00O
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Ironveld (IRON) Top Chat Posts

Ironveld Daily Update: Ironveld Plc is listed in the Mining sector of the London Stock Exchange with ticker IRON. The last closing price for Ironveld was 0.68p.
Ironveld Plc has a 4 week average price of 0.48p and a 12 week average price of 0.48p.
The 1 year high share price is 3.20p while the 1 year low share price is currently 0.48p.
There are currently 654,990,841 shares in issue and the average daily traded volume is 1,390,248 shares. The market capitalisation of Ironveld Plc is £4,421,188.18.
al101uk: To be fair this is a hugely illiquid stock and I remember in better days struggling to get out of a £5K position without them dropping the offer on me. I guess the situation is even more extreme now and as a result share price movements probably have less meaning. It's the resignations that get me, I don't understand why a NED would resign just before a deal is announced. On the other hand I don't know of a reason for a NED rat to desert a sinking ship?
thewardog: John Casey you couldn't afford the bus fair to London you little weasel NONCE! but the lads would kindly travel to the gutter to see you. Message us your details you little Coward. As for share price value here the company is desperate! On there knees do won't be anything above 1p you little c0ck sucker.
underhill2: The current share price does not indicate any bid coming soon. Im a holder here and will wait for the end game. Anything 2p plus I will be happy with.
callumross: Quite depressing really. I am a long term holder and very much want the share price to appreciate considerably from where we currently are. But what I do hate is ramping, at great cost to the unwary and foolhardy. Another Friday and the same trick as last week. This dave4545 appeared last Friday and miraculously appears again this Friday. Be very wary. Do I think there is money to be made for new investors buying at these levels? Yes. But for a long term holder such as myself it is just about recovering losses. That requires 2p per share which I guess is likely to be viewed as a successful outcome by all parties, certainly not the 5p per share being mooted by another poster earlier.
basilbush: Boooooooom share price holding up well considering those sells? The fox thinks they are buys ;-)
al101uk: On the balance sheet Ironvelds mining assets are worth £26 million, wouldn't that be nice ;-) I assume that's based on the purchase cost plus the amount of capex that has been spent on developing the asset. If the company has actually added value (which they should have given the results of drilling, JORC compliant reserve increases and license approvals), then the value of the asset should be something in excess of that number. Nice big range of potential value recovery, anything from £6 million (small premium to current share price) to £35 million (balance sheet asset value plus a random premium I plucked out of thin air).
al101uk: Going to be an interesting morning for the share price, some indication of what use the proceeds will be put too would have been nice. Might be an entry point for me if the share price doesn't get ahead of me. Hmmmmmm.
bakonebamatlala: Well done to those investors who have made a good profit on Ironveld’s unexplainable share price rise in the last few days. As any gambler should know, it is perhaps now the opportune time to cash in your chips before the crash. Tracarta will soon find out that their attempt to shore up the share price is baseless and will have to face up the harsh reality that they have been grossly misled by Ironveld management. One thing is sure, Ironveld management will not succeed in their unlawful attempts to bribe community members and tribal council through intermediaries so they can mislead the Department of Minerals to issue them a Mining Right.
bakonebamatlala: Until Ironveld management become honest with investors about the self inflicted challenges they face with regards to protracted disputes with land owners and communities in South Africa, there can be be no legitimate expectation by any investors that the share price will ever rise significantly even to the levels of £0.20 as suggested by some of those investors nor that the company Ironveld will eventually become a high quality pig iron and vanadium producer. Ironveld management are rebuttably guilty of gross misrepresentation to investors with regards to the processes of obtaining Mining Rights and Water-Use Rights from the relevant authorities as the company is refusing and or unwilling to negotiate in good faith for consent with the rightful land owners and lawful occupiers (communities). Investors must not cry out that they were not duly warned, for they now are.
runwaypaul: Articles Ironveld ‘nearing delivery’ of heavily delayed smelter acquisition – is all still to play for? (IRON) by ValueTheMarkets • February 28, 2018 Ironveld (LSE:IRON) reminded the market that it still exists today with an update reiterating that it is ‘nearing the delivery’ of its planned purchase of a smelter that could see the early delivery of $1m a month operating profit. The business said it is ‘presently focused’ on concluding the financing for the acquisition of the 7.5MW smelting facility and associated independent power plant in Middelburg, South Africa from Siyanda Inkwali Smelting Services. After some refurbishment, the smelter would enable the early production of Vanadium, High Purity Iron (HPI), and Titanium at Ironveld’s project located at the Bushveld Complex in Limpopo Province, South Africa. The project’s current resource contains a whopping 27m tonnes of HPI, and 1.4Bn pounds of Vanadium in situ. Once in production, Ironveld believes the smelter will be able to generate 190.5 tonnes of vanadium in slag grading 36% V and 21,000 tonnes of HPI powder per annum. In today’s update, the business also reported that its water use licence application for the project is expected to be resolved by the Department of Water Affairs early in Q2 2018. This licence is the only outstanding licence and means Ironveld is now in a position to begin site establishment and civil engineering works in preparation for the commencement of mining activities. Peter Cox, chief executive of Ironveld, said: “The company is now nearing the delivery of long-awaited value to its shareholders through the execution of a strategically important acquisition and the commencement of mining activity.” ‘By quantum, our vanadium and HPI resources are world class and the quality of our product validated through the long-term offtake agreements in place. We look forward to updating our shareholders in due course.’ As we have written before, the acquisition of the smelter will be transformational for Ironveld, and investors have been hanging on every detail of its progress over the last two years. Assuming the firm successfully secures the debt-funding package it needs to buy the smelter and that it commences production early this year, the business is on course to generate over $1m a month net operating profit. That’s a net $12million a year, for at least two years as Ironveld takes advantage of various tax shelters. For a firm that still only has a market cap of £9.6m, this is almost too good to be true. Today’s update may not provide much new information but it shows the company is still putting the work in and addresses its historical lack of communication with investors – something that we have previously pointed out. Despite its many delays, all is still to play for at Ironveld – the firm just needs to such a final £8.2m tranche of project funding to complete the purchase of the smelter. In its full-year results, released in December, the company said it remains in advanced discussions with a number of funding providers, but little has been said since and shares have remained flat this year. However, in an interview around the time of the results, Cox reassured us that good progress is still being made. If today’s announcement foreshadows some significant news, then Ironveld’s 2.2p share price could look extremely attractive. Author: Daniel Flynn
Ironveld share price data is direct from the London Stock Exchange
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