Share Name Share Symbol Market Type Share ISIN Share Description
Ironveld LSE:IRON London Ordinary Share GB0030426455 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.375p 2.25p 2.50p 2.375p 2.375p 2.375p 1,081,110 07:40:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.2 - 8.90

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Date Time Title Posts
17/11/201715:00Ironveld plc2,035
03/4/201512:42The Iron Ore thread55
14/5/200717:27The new arsenal?33
13/10/200222:45Are Women the cause of the markets collapse???-

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Ironveld Daily Update: Ironveld is listed in the Mining sector of the London Stock Exchange with ticker IRON. The last closing price for Ironveld was 2.38p.
Ironveld has a 4 week average price of 2.13p and a 12 week average price of 1.95p.
The 1 year high share price is 5.25p while the 1 year low share price is currently 1.88p.
There are currently 374,641,278 shares in issue and the average daily traded volume is 339,148 shares. The market capitalisation of Ironveld is £8,897,730.35.
underhill2: All that will get the share price moving North here is some finance news. Maybe next year !
annie38: My attraction to this project has always been that the end product is pretty much a known ,unlike the inherent uncertainty and risk attached to,by comparison, an oil company's drill bit. I cannot contemplate this project not coming to fruition at some stage as the assets are so valuable. Whether Ironveld will deliver is the question. They have however in the last 5 years done so much groundwork in terms of infrastructure not to mention the enormous hurdle of obtaining the various licences etc that there should be at least an intangible valuation close to the current share price. I would imagine that there is a precedent for the scenario we are now in where a bigger player recognises this and steps in to take control and bring it to completion.
al101uk: "If our stock is currently undervalued, that is not our problem." It is if that valuation is based on the consistent failure of the board to communicate updates as promised. It is if managements expectations were so out of step with reality that they promised funding on a 300MW plant which then turned in to imminent funding of a 15MW plant which has now turned in to imminent, but again delayed, funding of a 7.5MW plant... with no word on what's going on despite expecting to finalise last April. It is absolutely their problem if they have two Non-Executive Directors with a reputation for exactly this kind of thing in other companies, who as "independent" advisers to the business should be using their experience of past mistakes (Amerisurs promises on the OBA) to advise on the best way to keep shareholders informed and how to progress. Ironveld produce £0 of profit, the share price is entirely based on the promises, assurances and delivery of the board and reflects investors confidence in their ability. Just like Amerisur, it's not the assets or the plan that is in question, it's managements ability to deliver on it that causes concern. That is entirely Mr Cox's problem. Sorry, not invested, but that line just p'sses me off. The Shareholders employ the guy, he's failed to live up to his endless promises of imminent funding and when shareholders are punished for his lack of delivery he says "not my problem".
inside2: if we take the share price as our guide to what is actually going on, because the share contains the entire market knowledge, wisdom if you prefer. right now it is telling us there are problems, if there were not we would be trading a whole lot higher than this.
utsushi: iNside2, You are right, the share price does not lie, but equally sometimes it does not always tell the truth.. The FTSE 350 Industrial Metals Sector, NMX1750 is up nearly 300% since early 2016, possibly the best performing sector on the market over that period, this relative strength would give some "wind in the sails" to the Ironveld share price, if it could get funding for Middleburg Smelter and Power Plant at a modest/deferred financing price and become cash flow positive.
pranchalee: Yes i think your right it wont be a get rich quick share but once the financing is sorted i would be expecting a share price of anywhere between 5-7p,once that first furnace is up and running the long term vision of a 300kw furnace is achievable,the disappointment of the last five years will be a distant memory but how many will be there when that comes to pass.
underhill2: I don't think the share price hear will ever fly. The best we can hope for is a gradual reuse in the share price. This will never be a get Rich quick share !. Until the finance is fully sorted the share price will remain at around the current levels.
inside2: They are in Jo'burg, they can say what they like. The share price will not lie .
sabzahmed: I hold both Iron and Amer.Was expecting positive news and share price rise before a placing. Really disappointed to see it now. The timing of the RNS seems very sneaky too. Not looking forward to the next few days.
zengas: This deal will give us 100% of the 7.5 MW smelting plant. Projected annual production starting in Q1 of 21,000 tons of HPI Powder, 190.5 tons Vanadium slag and 4134.5 tons of Titanium. Although the 15 MW smelter has been behind schedule, (supposedly nearing closure) this 7.5 MW deal would actually reduce some of the previous timescale on that bigger smelter in terms of commissioning time. Good to see them also re-iterate their intention for 4 x 75 MW smelters to process the large V.T Magnetite resource. Total acquisition cost appears to be £10.9m ($13.6m at todays ex rate) and over 2 years. £1.16m approx in cash now plus £1.74m approx in new ordinary shares (if at 3.5p or 4p it could be about 43.5m - 50m shares). This might explain part of the share price weakness lately in getting the share price down ? Then pay £4m from cash flow in 12 months followed by £4m in 24 months in total. We will also own 70% of the power company (Power Alt) that generates 10.6 MW of electricity. This could be a valuable source of some additional revenue ?. Apparently it serves as a supplement and back up power to the smelting plant. Hard to draw comparrisons to the overall $63m capital costs for the 15 MW smelter in the late 2016 presentation which was for 42,000 tons of HPI powder, 381 tons Vanadium and 8269 tons of Titantium. On the off take agreements a full years sales were to generate $56m, with a profit after tax of $23m and free cash of around $25m per year - so on the 7.5 t smelter approx half that. Will owning the power plant compensate for the costs to deliver to the smelter - hard to know ? I beleive it may save us about $10m in initial start up costs and bring us that valuable free cash element much earlier now than planned. Today - "Furthermore the anticipated profits and free cash flow from the Smelting Plant will place the Company in a considerable position of strength." I would tend to agree as this would then help the financing considerably of the future planned smelters. I expect we will need to raise some cash either through a placing or debt on the back of this until we would start generating cash after the next 2 or 3 quarters (depending what part of Q1). Immediate cash needed now is for the £1.16m cash payment, refurbishment costs ? and working capital ?. They say refurbisment and equipment installation will take up to 6 months with production thereafter commencing in Q1 2018. If legally binding by the end of the month, we should have things re financing etc sorted by end June latest and work beginning, so it could be realistically early Q1 production start-up. Looks like they've upped their game here and looking a lot more prosperous than a few weeks back.
Ironveld share price data is direct from the London Stock Exchange
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