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% 2.00p 1.90p 2.10p 2.00p 2.00p 2.00p 22,457 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.2 - 11.16

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Date Time Title Posts
16/2/201810:06Ironveld plc2,130
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 2p.
Ironveld has a 4 week average price of 1.95p and a 12 week average price of 1.95p.
The 1 year high share price is 4.38p while the 1 year low share price is currently 1.88p.
There are currently 557,891,278 shares in issue and the average daily traded volume is 207,382 shares. The market capitalisation of Ironveld is £11,157,825.56.
mouse20: Annie, how about Tracarta buying to get the share price above 2p to support the placing at 2p?
underhill2: Continual selling this morning. Share price can only drop. Positive cash flow seems a long way off at present. Glad I bailed out here. All we get is negative news and the same news being repeated. Finance talks are ongoing !. What a dud of an investment.
inside2: at these levels the share price looks good value but actually achieving cash-flow seems very long winded and elusive even.
annie38: I would agree Ladeside. This placing although unwelcome should have the effect of putting a floor under the share price at around 2p for the medium term. On that basis it is arguably quite an attractive binary bet/punt in that any news of funding being completed will probably see this price double while downside would appear now to be limited. (Hopefully)
broncowarrior: That made me laugh mouse. Yep, news of placings is fairly regular, anything material or useful for the share price not so much.
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".
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.
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.
Ironveld share price data is direct from the London Stock Exchange
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