Ironveld Share Price (IRON)

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
	+0.05p	+2.35%	2.175p	2.00p	2.35p	2.175p	2.125p	2.125p	362,222	09:00:11

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	0.0	-0.6	-0.2	-	8.15

Related Shares
Glencore (GLEN), Rio Tinto (RIO), Central Rand (CRND), Mila Resources (MILA)

Ironveld (IRON) Latest News

Ironveld News

Date	Time	Source	Headline
25/7/2017	09:07	UKREG	Ironveld PLC Holding(s) in Company
24/7/2017	13:11	ALNC	Ironveld Confident Acquisition Of Middelburg Smelting Will Go Ahead
24/7/2017	07:25	ALNCF	Alliance News Flash Headline
24/7/2017	07:00	UKREG	Ironveld PLC Company Update
10/7/2017	13:29	UKREG	Ironveld PLC Result of General Meeting
21/6/2017	17:50	ALNC	Ironveld Raises GBP2.1 Million As It Eyes Middleburg Smelter Plant (ALLISS)
21/6/2017	17:30	UKREG	Ironveld PLC Placing, Potential Acquisition and Notice of GM
28/4/2017	10:11	ALNC	Ironveld Rises With Air Emissions And Mining Licence Acquisitions
28/4/2017	07:00	UKREG	Ironveld PLC Granting of Licenses
25/4/2017	14:28	UKREG	Ironveld PLC Blocklisting Return

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Ironveld (IRON) Discussions and Chat

Ironveld Forums and Chat

Date	Time	Title	Posts
23/9/2017	16:24	Ironveld plc	1,923
03/4/2015	13:42	The Iron Ore thread	55
14/5/2007	18:27	The new arsenal?	33
13/10/2002	23:45	Are Women the cause of the markets collapse???	-

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Ironveld (IRON) Top Chat Posts

Date	Subject
23/9/2017 09:20	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 2.13p. Ironveld has a 4 week average price of 2.10p and a 12 week average price of 1.88p. The 1 year high share price is 6.38p 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 330,088 shares. The market capitalisation of Ironveld is £8,148,447.80. Read Full Thread Reply
15/9/2017 12:08	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". Read Full Thread Follow Reply
14/9/2017 23:40	annie38: So why does Cox think the market has yet to share his faith in the story? “Look, we started 5 years ago on 12 August 2012. In the time since we have done an outstanding amount of work, in one of the toughest macro environments for decades. Look at mining projects around the world, especially among the juniors. Unlike so many others, we are now on the cusp of production and the potential for transformational profit generation. We have a growth plan to build the 15MW smelting plan and ultimately our vision is to create a 300MW plant. This would be a world-class project in a country that needs that. The 7.5MW is a stepping-stone. If we secure it, the market won’t be able to ignore the fundamental performance of the business. It will be there for all to see in our financial reporting. If our stock is currently undervalued, that is not our problem. That is for the market to decide. Our job is to secure the funding to take us on the next step in our journey and as we said in the recent RNS we are confident of achieving that.” Read Full Thread Follow Reply
14/9/2017 15:55	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. Read Full Thread Follow Reply
14/9/2017 12:58	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. Read Full Thread Follow Reply
10/9/2017 11:44	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. Read Full Thread Follow Reply
08/9/2017 19:31	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. Read Full Thread Follow Reply
25/8/2017 16:51	inside2: They are in Jo'burg, they can say what they like. The share price will not lie . Read Full Thread Follow Reply
31/7/2017 12:39	pranchalee: This looks like we could see an uplift in share price over the coming months. Read Full Thread Follow Reply
22/6/2017 02:21	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. Read Full Thread Follow Reply
11/4/2017 13:22	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. Read Full Thread Follow Reply

Ironveld share price data is direct from the London Stock Exchange

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