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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
|
|
|---|---|---|---|---|---|
| -0.0035 | -7.87% | 0.041 | 17,910,000 | 10:35:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.04 | 0.042 | 0.0445 | 0.041 | 0.0445 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Scrap & Waste Materials-whsl | 103k | -435k | -0.0001 | -4.00 | 1.75M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 12:49:43 | O | 360,000 | 0.0417 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/6/2024 | 19:59 | ALNC |  IN BRIEF: Ironveld says funding package likely to be delayed, reduced |
| 06/6/2024 | 12:22 | UK RNS | Ironveld PLC Update on Funding Discussions |
| 14/5/2024 | 07:00 | UK RNS | Ironveld PLC TR-1: Notification of major holdings |
| 02/5/2024 | 17:21 | ALNC | IN BRIEF: Ironveld names Kristoffer Andersson as new CEO |
| 02/5/2024 | 07:00 | UK RNS | Ironveld PLC Appointment of CEO |
| 24/4/2024 | 13:22 | ALNC | Ironveld agrees to GBP125,000 working capital loan facility |
| 24/4/2024 | 07:00 | UK RNS | Ironveld PLC Working Capital Facility |
| 23/4/2024 | 07:00 | UK RNS | Ironveld PLC Blocklisting Return |
| 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 |
Ironveld (IRON) Share Charts1 Year Ironveld Chart |
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1 Month Ironveld Chart |
Intraday Ironveld Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/9/2024 | 17:04 | Ironveld plc | 8,365 |
| 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 |
|---|
| Top Posts |
|---|
Posted at 15/9/2024 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 0.04p.Ironveld currently has 3,934,996,887 shares in issue. The market capitalisation of Ironveld is £1,573,999. Ironveld has a price to earnings ratio (PE ratio) of -4.00. This morning IRON shares opened at 0.04p |
Posted at 30/8/2024 12:15 by bigwavedave Hi Q.I've still got one!Not sure about IRON. Maybe Doctor Wardle can do something...Hope all's well with you.D |
Posted at 01/7/2024 22:25 by al101uk Ladeside/RS,The terms of the smelter acquisition were originally: Ironveld has agreed with the Business Rescue Practitioners, Tayfin Forensic and Investigative Auditors ("Tayfin"), to acquire the share capital of FCF for a nominal fee and to purchase outstanding debt from the sole creditor on the following terms: o ZAR 15 million (approximately £0.75 million) payable upon completion; and o ZAR 100 million (approximately £5.0 million) over 10 years calculated as a percentage of profits from the smelter, capped at 13.5 per cent per annum; I asked IR about the 13.5% and they advised that was from the profit generated by the smelter subsiduary. I couldn't get details on terms if the smelter was unable to generate profit within 12 monmths. If you go back a bit I made a post around the reply I got at the time. Ironveld started work on the refurb, although didn't finalise the purchase and then in the notes to the last annual results they say: Other payables includes £4,829,000 (R116,000,000) in respect of the proposed Rustenburg smelter acquisition which was unconditional at the year end but which remained subject to contract. On completion, £4,163,000 (R100,000,000) will be due after 12 months with the remainder anticipated to be due within 12 months. So £4.16 million should appear as a non-current liability at the point the smelter deal is actually signed off and there has been no RNS to say that the deal has been completed yet. Got to admit the wording in the results is terrible. Which leaves the mystery of the £2 million current liability added to the balance sheet unanswered. |
Posted at 01/7/2024 11:18 by rec0very stock Al, about £660k of current liabilities are the smelter - the bulk of non current liabilities are the smelter.Solvency is about being able to pay all bills when due. IRON can't, we only have figures from 6 months ago, but in all likelihood there are over £4m of outstanding due bills and nothing to pay them with - you can't pay with intangible assets, which is what most of NAV is made up of. The point about MCap is the way companies that run out of cash pay their bills is by issuing shares either directly or in placings. When the bills you have to pay are double your MCap, that cannot be considered as a realistic option. My point is that IRON has been in this situation for a long time. They had a termsheet, which had it turned into a loan in the timeframes anticipated and for the amount anticipated, that would have made them solvent again. The fact is it has not and it won't. How much longer should the company be allowed to continue breaking the law by trading whilst insolvent? |
Posted at 09/5/2024 23:18 by al101uk A 100% drop in share price required for Ironveld to become worthless. Exactly the same as it's always been. |
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 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 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 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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