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% 0.75 332,781 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.70 0.80 0.75 0.75 0.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.63 -0.10 5
Last Trade Time Trade Type Trade Size Trade Price Currency
12:48:07 O 35,000 0.783 GBX

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DateSubject
16/2/2020
08:20
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 0.75p.
Ironveld Plc has a 4 week average price of 0.60p and a 12 week average price of 0.60p.
The 1 year high share price is 2.85p 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 1,525,857 shares. The market capitalisation of Ironveld Plc is £4,912,431.31.
03/2/2020
07:24
johncasey: Martin Eales, Chief Executive Officer, commented: "I have been highly encouraged by the discussions we have had so far with parties potentially interested in participating in the financing for our project. Until we are in a position to conclude this financing, the Loan Facilities announced today are extremely helpful in ensuring that our modest short-term working capital requirements are met. "Additionally, any issue of new shares via the Warrants or in interest payments will be at a substantial 60 per cent premium to the underlying share price, thereby minimising the potential dilution for shareholders.
30/1/2020
14:16
orange1: What you can´t do is do it at a price which is below the nominal share price. But a capital reorganisation can soon sort that out!
04/1/2020
12:40
underhill2: Could not agree more with your comments. Giles Clarke did a great job at Amerisur ! I dont think so. He sold a company for 50% less than it was worth. Thats why we wont see a great deal for Ironvelds long suffering shareholders. 10p offer per share is never going to happen. The current share price says ot all. Im sticking with my expectation of an agreed Joint Venture. Then hopefully after all these years this Project can get going
18/12/2019
12:56
underhill2: Im a holder here and 10p offer is never going to happen. Even an agreed offer at 1p looks very unlikely. The current low share price and minimal volume of shares traded tells us that. I think we wont get any cash offer but will enter into a Joint Venture which will in the medium/long term add shareholder value. Otherwise why appoint a new CEO if an agreed cash offer was in the pipeline. He has been apppointed to oversee the JV when it comes. This is all my opinion and would of course be delighted with any agreed cash offer over 1p. 10p is just an impossible dream offer !
05/12/2019
10:36
underhill2: Tells us nothing but more delays. Not unusual for any Giles Clarke Company. Not confident of any deal being done but at a give away price. There must be a good reason why this is taking so long. I reckon transfer of ownership of Assets is the problem. I still go for a,1p per share agreed cash offer. The current share price says it all and the current volume of shares traded daily does not inspire confidence. My break even price is 1p so Im happy yo get out at that price.
16/11/2019
06:50
moneymaker2015: Back to Ironveld though, if we get 0.7p that’s fair because that’s what the market currently values us at. Me personally, given the vast potential of the project, I’d like to think we’d do another placing to cover our costs for another 12 months and then get some decent PR going. On your comment earlier about 99 times out of 100 you’ll lose, I strongly disagree. I’ve had 4 this year alone that have made a substantial amount, 2 of which were in the last 2 weeks. I’ve already 10 bagged on EUA and this could be sold for significantly more than the current share price and I 5 bagged on INSP yesterday and have now withdrawn, but that is likely to go much higher too. The key is timing, don’t invest too early because the share price will keep dropping until it starts producing or is sold, this share being the prime example.
16/11/2019
06:33
moneymaker2015: What was the issue with Aner? If you look into the figures the management did a good job. As with most non-major producers the share price plummeted when the price of oil plummeted 5 years ago. A hell of a lot have gone bump too. The management at Amer managed to considerably reduce their costs to reduce their losses. Earlier in the year they rejected a bid and said it was worth considerably more and they were right, they managed to get another 20 odd million for it. From an un-biased perspective there was nothing wrong with the management at Amer. Yes there’s a lot of angry shareholders that invested 5 years ago at 3 times what the company sold for, but the management shouldn’t be blamed for a shareholder investing considering the majority of oil analysts were predicting the price was going to plummet, albeit I don’t think anyone expected it to plummet lower than most producers net margins.
06/11/2019
20:18
clarea: The problem is John it won't help the share price if the company owning said land is on its knees Sirius Minerals has a polyhalite resource of 2.66 billion tonnes according to their website but look at how the share price has collapsed. I would be over the moon with 30p they are looking to sell just to get any money back as they know the only options are to try and get a placing away at an even lower price than at present or take what they can get 2p best case we will see who is closer when it plays out good luck.
08/4/2019
14:57
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.
28/2/2018
11:14
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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