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 0.00% 0.70 2,077,145 07:42:17
Bid Price Offer Price High Price Low Price Open Price
0.65 0.75 0.70 0.70 0.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.54 -0.10 5.0
Last Trade Time Trade Type Trade Size Trade Price Currency
16:01:09 O 246,376 0.665 GBX

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Date Time Title Posts
17/7/201913:14Ironveld plc2,689
03/4/201513:42The Iron Ore thread55
14/5/200718:27The new arsenal?33
13/10/200223:45Are Women the cause of the markets collapse???-

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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 0.70p.
Ironveld Plc has a 4 week average price of 0.58p and a 12 week average price of 0.58p.
The 1 year high share price is 3.20p while the 1 year low share price is currently 0.58p.
There are currently 654,990,841 shares in issue and the average daily traded volume is 1,631,345 shares. The market capitalisation of Ironveld Plc is £4,584,935.89.
barbie60: The obvious buying of large volumes of shares that is not then reflected in the share price is continuing to baffle me. Anyone able to throw some light on it for me? Non-sensible answers on a postcard only please...
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: I would hope we're on something close to silent running cash flow-wise if we're going to fundamentally change the business. I wouldn't judge the deal by the current share price, all we know right now is that there is interest and the company have announced they are open to offers. I'm hoping that the financial position of the company will expedite proceedings while multiple bidders will protect us from ridiculously low ball offers. On the bid going pear shaped, absolutely! To give an idea of my exposure, it's 0.75% of my portfolio. It's a punt, pure and simple, but it's a punt that I didn't consider worth taking until today.
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.
underhill2: Quite a few large sells this morning leading to fall in share price. Maybe some bad news on its way. Hopefully we will find out soon
97peter: Ironveld management will announce agreements and off-take contracts on Monday with huge uplift of maybe 12p a share by Tuesday, Wednesday next week!! Watch the share price tomorrow and Monday bubble up to 2.5p ready for take off.
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.
sabre6: I like Bakone at the moment as his remarks seem to be driving the share price down so that I can top up at a great price which I done yesterday. As I have said before the investors that took part in the placing would have done due diligence before parting with any serious money.
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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