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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ironveld Plc | LSE:IRON | London | Ordinary Share | GB0030426455 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0975 | 630,721 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.095 | 0.10 | 0.0975 | 0.0975 | 0.0975 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Scrap & Waste Materials-whsl | 103k | -435k | -0.0001 | -10.00 | 3.93M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:50:26 | O | 630,721 | 0.095 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/4/2024 | 17:30 | UK RNS | Ironveld PLC TR-1: Notification of major holdings |
| 02/4/2024 | 12:17 | ALNC |  EARNINGS: AdvancedAdvT hails "good progress" after Capita deal |
| 28/3/2024 | 07:00 | UK RNS | Ironveld PLC Interim results for the 6 months ended 31 Dec 2023 |
| 29/2/2024 | 11:36 | UK RNS | Ironveld PLC TR-1: Notification of major holdings |
| 23/2/2024 | 21:40 | ALNC | IN BRIEF: Ironveld inks funding deal, CEO steps down |
| 23/2/2024 | 07:00 | UK RNS | Ironveld PLC TR-1: Notification of major holdings |
| 23/2/2024 | 07:00 | UK RNS | Ironveld PLC Receipt of Non-Binding Term Sheet and Board Change |
| 07/2/2024 | 15:20 | UK RNS | Ironveld PLC TR-1: Notification of major holdings |
| 02/2/2024 | 15:25 | ALNC | IN BRIEF: Ironveld agrees two loan facilities worth GBP375,000 |
| 02/2/2024 | 13:48 | UK RNS | Ironveld PLC Working Capital Facility |
Ironveld (IRON) Share Charts1 Year Ironveld Chart |
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1 Month Ironveld Chart |
Intraday Ironveld Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/4/2024 | 12:34 | Ironveld plc | 8,228 |
| 13/7/2022 | 15:53 | Who are the real turkeys? | 1 |
| 19/9/2021 | 12:59 | THIS MONDAY IRONVELD MAY RISE 1000% ON A BUY OUT..WATCH AND LEARN! | 348 |
| 10/2/2021 | 12:59 | The Iron Ore thread | 57 |
| 03/2/2020 | 19:05 | Ironveld...possible bid for all assets at good premium to price ? | 102 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 07:50:27 | 0.10 | 630,721 | 599.18 | O |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by Ironveld Daily Update Ironveld Plc is listed in the Scrap & Waste Materials-whsl sector of the London Stock Exchange with ticker IRON. The last closing price for Ironveld was 0.10p.Ironveld currently has 3,934,996,887 shares in issue. The market capitalisation of Ironveld is £3,934,997. Ironveld has a price to earnings ratio (PE ratio) of -10.00. This morning IRON shares opened at 0.10p |
Posted at 04/4/2024 19:32 by malcolmmm MALCOLMMM4 Sep '22 - 19:44 - 7019 of 8221 Edit0 0 0 IMO all the money will go in employees' wages, bonuses ,share options ,payments for the licences and farmers rentals and maintenance of the land etc etc I give it 12 months. Key Executives Name Title Pay Exercised Year Born Mr. Martin Wentworth Eales CEO & Director 175k N/A 1972 Dr. Peter John Cox BSc Min Eng, Dip Civil Eng Technical Director & Director 101k N/A 1955 Said Izagaren Sr. Account Mang. N/A N/A N/A Ms. Keneilwe Ndala Chief Exec. Officer of Ironveld Mining N/A N/A N/A Mr. Thamaga Mphahlele Chief Exec. Officer of Ironveld Smelting N/A N/A N/A Mr. William Brian James Sec. N/A N/A N/A Income 2021 2020 2019 Turnover 0 0 0 Cost of sales 0 0 0 Gross Profit 0 0 0 Operating Profit -£783,000.00 -£695,000.00 -£629,000.00 Pre-Tax profit -£465,000.00 -£1.02 m -£625,000.00 Ironveld PLC Company Background |
Posted at 04/4/2024 17:40 by ladeside Rec0very Stock - 07 Jun 2013 - 20:17:40 - 404 of 8216 Ironveld plc - IRONNice steady progress. There are some profit takers as one would expect, but I expect the rise to continue for a while yet, particularly if they get some more press attention over the weekend. We are in completely uncharted territory, there will be down days as well as up days, but I am expecting this to settle around the 18p mark in the short term. Rec0very Stock - 05 Jun 2013 - 19:45:44 - 397 of 8216 Ironveld plc - IRON Well worth waiting for. I make that an NPV10 of around £2.50 per share with upside to come from the Titanium. It is still early days and there is $1Bn of capital to raise, but not all at once and the 12 MW smelter will generate some of it. But even applying a risk factor of 90% the share price should be around 25p. The rocket launch has only just begun, strap in and enjoy the ride. Rec0very Stock - 24 May 2013 - 18:06:50 - 390 of 8216 Ironveld plc - IRON I do not believe 6 weeks is a hard rule, but there does need to be a respectable period. Broke through the placing price today but dropped back at the close. I think their could well be an opportunity to get in below 6p but I would not bank on getting in much lower than that. Rec0very Stock - 23 May 2013 - 18:29:33 - 387 of 8216 Ironveld plc - IRON The PFS was due "early in the new year" it has been due out "shortly" a few times since and most recently it is due out in Q2. If it was not for the great track record of the management in delivering what counts, I would have taken my money and run. The recent director buying may well be an indication that it still has a little while before it comes out as there could be accusations about insider trading if it followed hot on the heels of a PDMR buy. Ultimately is does not matter when it comes as long as it is as good as we have been led to believe when it does come - NPV between 80p - £1 a share. This does not mean the shares instantly become worth that, just what they could be worth if everything goes to plan. Some adjustment needs to be made based on the risks of things not going to plan. In the meantime the resistance from the Placing price is holding Rec0very Stock - 22 May 2013 - 19:33:09 - 380 of 8216 Ironveld plc - IRON Hit a bit of resistance today at the placing price. If it breaks through tomorrow there is no knowing where it will stop. If not it may pull back below 6p, but that will probably be the last chance to get in before the PFS comes out. Rec0very Stock - 21 May 2013 - 19:05:19 - 378 of 8216 Ironveld plc - IRON I did say you might not get much of a pull back. I think, when the PFS does come out, provided it confirms the Shore Capital NPV figures, we could see 12 - 18p fairly rapidly. |
Posted at 03/4/2024 21:29 by ladeside A definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high-grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. The shallow mineralised resource of 56.4 million tonnes of ore grading 1.12% V205 is approximately twice the grade of other Vanadium resources that are currently being mined and processed within the Bushveld Complex. Ironveld plc is an exploration and development company incorporated in England and Wales and listed on the AIM of the London Stock Exchange. |
Posted at 08/2/2024 16:49 by al101uk I was trying to point out that reverting to the mean for a share price doesn't mean you don't lose money.I think the key thing I learned from Amerisur and others all those years ago was that I don't miss out on a great deal by not holding during uncertain times. I can buy or sell within a few minutes, with a few swipes of my phone. I might lose a percentage of the gains in the meantime, but I more than make up for that, especially on AIM, by avoiding companies where the uncertainties turn to large losses. In Ironvelds case, what is likely to happen in the next day/week that could cause a large and sustained rise in the share price? If the answer is nothing or something that looks unlikely, then I can wait and it's a two minute process if I'm wrong. Luck is needed in investing, but you can stack the cards in your favour before making the bet. That's what a strategy is for. I don't subscribe to nihilism in investing. |
Posted at 07/2/2024 17:23 by ladeside funding for DMS beneficiation plant6th February 2024 By: Tasneem Bulbulia Senior Contributing Editor Online JSE-listed Sable Exploration and Mining subsidiary Sable Platinum Holdings (SPH) and IPace on February 2 entered into a term sheet for additional funding of R1-million payable by SPH for a dense medium separation (DMS) beneficiation plant. This follows SPH’s announcement in September that it had entered into an agreement with IPace for the establishment of an unincorporated joint venture (UJV) to conduct the business of commissioning, operating and maintaining a DMS beneficiation plant and to sell the product. This additional funding will be added to the R15-million paid by SPH in terms of the main agreement. For providing the additional funding, IPace has agreed to transfer 2.5% of the UJV to SPH. SPH has granted IPace an option to buy back the 2.5% shares in the UJV at R1.3-million. The option will expire on October 31. IPace has committed to fund the balance of the operational and capital costs to complete the DMS beneficiation plant and to begin production on March 15. In September last year, Mining Weekly reported that ground works and civil works were said to be progressing well for the installation of a DMS magnetite plant in South Africa’s Bushveld Complex. IPace is a JV that Ironveld Mining owns equally with Pace SA. Ironveld, which holds mining rights over 28 km of outcropping Bushveld magnetite with a compliant ore resource of 56-million tons of ore, last year agreed to acquire and refurbish a Rustenburg smelter to process its magnetite ore into high-purity iron, titanium slag and vanadium slag. Ironveld and Pace SA agreed funding and operational structure amendments to the DMS magnetite operation with a subsidiary of Sable Exploration and Mining. |
Posted at 05/2/2024 13:04 by ladeside 45 Million sold / changed hands this morning so lots of jiggery pokery no doubt taking place.At this juncture my worry would be that the share price is driven down to 0.10 area (under £4 Million mcap) and then we get some sort of complex funding deal announced (to satisfy takeover rules) which in reality dilutes us all at the 0.10 to 0.15 range and ends up with about 10 Billion share in issue which would see a 0.25 - 0.30 share price hit as the upper end / potential outright sale price, which would of course shaft all existing PI's but be sold to the market as a "major premium". I hope I'm wrong of course..... |
Posted at 20/12/2023 19:28 by al101uk I didn't mean to insinuate that any placing would be at such a discount it was just an example with simple numbers.Ironveld currently have a market cap of around £5 million and net assets of £20 million at last results. If a placing is done at todays share price the buyer gets a 75% discount on the assets. I don't think it's unreasonable for Ironveld to raise £2 million which would reduce the assets held by shareholders by nearly 25%. £7 million market cap, £22 million of assets is £3.14 of assets per £1 spent vs £4 of assets per £1 spent before the placing. I think valuing a company like Ironveld on it's declared net asset value is a bad idea and there is currently no other way of valuing the assets (or the company for that matter). I'm just trying to explain why I think that. |
Posted at 06/10/2023 16:54 by al101uk I didn't say the debt was onerous :-)The only terms I can find are these: "Ironveld has agreed to purchase a total of £5.75 million of outstanding debt from the sole creditor, payable as £0.75 million upon completion and £5.0 million over 10 years based on a share of profits from the smelter facility capped at 13.5 per cent per annum." Hard to work out what that means, "over 10 years", but only from profits, so what happens if the company don't make the requisite profits to pay down the debt over 10 years? 13.5% of what? revenue, profits, debt repayable? If Ironveld aren't profitable (enough) for the first couple of years, how does the cap work? Or is it a minimum cap rather than a maximum cap? If the payment of the debt is being delayed for 18 months while Ironveld refurbish the smelter and begin production, then a 13.5% cap would fit as a minimum to ensure full payment by the end of Year 10. Would they call that a cap? It would be very misleading, but given we don't know what 13.5% is, I have no idea! What kind of profits are we talking about? Gross profit, Operating profit, smelter profits? Parent company profits, EBITDA? Any interest payments? Doesn't look like it :-/ Late payment fees? Default terms? Restrictions on their ability to raise future debt funding? I can't say the debt is onerous, but it's certainly another black box that the company are far too vague about and therefore something I would consider a greater than minimal risk. Does the share price compensate for that risk? Depends, I can understand both sides of that particular argument. For me, until I'm clear on the profitability and the companies ability to service it's debt, I'm sitting on the sidelines which means if I take a position it will definitely be at a higher price that Ironveld is at now. |
Posted at 01/9/2023 15:24 by ladeside DMS Magnetite project - No cost or technical risksOn 27 January 2023 Ironveld’s subsidiary, Ironveld Mining, and Pace, a South African company specialising in supply chain solutions and trading in DMSgrade magnetite, entered into the IPace Joint Venture Agreement (‘IPace’ equal partners to produce and sell Dense Media Separation (‘DMS’) grade magnetite from Ironveld’s mine in Limpopo, South Africa. Although not central to the Group’s business plan for production of High Purity Iron (‘HPI’) plus vanadium and titanium in slag, it offers potential for an important extra source of revenues with no upfront cost or technical risk for Ironveld shareholders. The JV’s amended structure retains Ironveld’s ability to mine and sell additional ore, including ‘fines’ that would otherwise not be suitable for the Group’s Rustenburg smelter, to IPCAE on a ‘cost plus’ basis, while benefitting from a share of expected future positive cashflows. SEAM and Pace have both introduced significant offtake customers to IPace, through which forecast tonnage volumes are now approximately double the level envisaged early in 2023 when the JV was first created. Based on the new participations, the Board sees a negligible overall effect on the projected positive accruals to be collected by Ironveld. Given also that the revised upfront capital requirement proposed by SPH for a smaller and more efficient plant, which minimises unused capacity versus the original design, is lower than the c. ZAR 35 million (£1.65 million) that was originally planned by Pace, based on anticipated sales, the period required for capital repayment should also be reduced, which in turn advances the first expected payments to IPace. Ground and civil works at the site are said to be progressing well, with plant installation expected in around one month which, in turn, suggests maiden sales should be confirmed some four to six weeks following that. |
Posted at 11/4/2023 09:29 by ladeside JOHANNESBURG, South Africa, April 10, 2023 (GLOBE NEWSWIRE) -- Enernet Global ("Enernet") remains on-track to deliver a full-hybrid system for the Ironveld Smelting ("Ironveld") Rustenburg smelter complex in South Africa, having already provided start-up generation required.Following the successful implementation of a 1MW temporary power plant commissioned in late 2022, Enernet has deployed the first of four stages of power upgrades for the Ironveld. The first stage involves a 4MW power plant that enabled ‘Hot Commissioning’ of the first of three planned operating furnaces. This process included smelting of test quantities of magnetite ore in order to produce HPI and titanium slag. Working in a close partnership with Ironveld and their sub-contractors, Enernet managed the rapid delivery of the first stage power with no safety or environmental incidents. Despite the inherent challenges of labour and equipment shortages due to countrywide stage four load shedding, the project was completed in less than 10 days. Delivering the fast-tracked power involved road freight conveys from Johannesburg, a 90-tonne crane and a site crew of up to 20 working around the clock to deliver the much needed power in a record time. Enernet's Vice President Engineering, Dusan Nikolic led the onsite pre-delivery electrical safety tests and inspections. "The delivery of stage one power was a combined effort between Ironveld and Enernet, the quality and speed at which the work was completed is a testament to how well the two companies worked together as a team." Enernet are now progressing multiple work packages in preparation for the future stages of power upgrades which will boost the on-site power capacity for the operation of three of the furnaces). These upgrades will enable the smelter complex to process approximately 40,000 tonnes of Ironveld's magnetite ore per annum which, in turn, will provide 20,000 tonnes of high purity iron, 190 tonnes of vanadium in slag; and 3,800 tonnes of titanium in slag. Ironveld Smelting's CEO, Thamaga Mphahlele, commented "Our partnership with Enernet is working extremely well and is provides us with the confidence we need execute our expansion plans over the coming months." Imminently, work will begin on the design and construction of both rooftop and ground mounted solar power systems with a combined capacity of 6MW, for which Enernet's power engineers are working with South African-based contractors. The final stage of power implementation will comprise a hybrid of energy technologies including solar power, a battery energy storage and clean burn, liquefied natural gas generators. The solar system, battery storage and LNG generators will be fully-funded by Enernet and once operational, power will be purchased by Ironveld under a 20-year energy services agreement. "The team at Ironveld have a 'can do' mindset which aligns with our business culture and has been key to completing the project milestones safely and on time," Enernet's Business Development Manager, Martin Smith concluded. |
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