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% 2.475p 2.30p 2.65p 2.475p 2.475p 2.475p 760,540 07:57:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.2 - 9.27

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Date Time Title Posts
16/8/201710:20Ironveld plc1,819
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 is listed in the Mining sector of the London Stock Exchange with ticker IRON. The last closing price for Ironveld was 2.48p.
Ironveld has a 4 week average price of 1.88p 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 586,380 shares. The market capitalisation of Ironveld is £9,272,371.63.
pranchalee: This looks like we could see an uplift in share price over the coming months.
underhill2: I agree with the above comments. More likely to be the end of 2018 before we see any production and may even be early 2019. Management dates have never been met and I think they just pluck dates out of the air just to keep the investors happy. It's got to the point now where we need action not broken promises. That's why the share price is around 2p. Talk is cheap
underhill2: Lots of large sells today. Can't blame small investors for selling. Nevertheless the share price is holding up well. I'm in here for the long term but won't be adding due to the very slow progress here.
escapetohome: I prefer any other african country to south africa. South africa is the very bottom of the league of african countries. High crime , corruption , and extremely poor political leadership. I wanted to invest in this company as the share price has been smashed, but when i heard it operates out of S.A. Ihad second thoughts.
cyberbub: Terrible share price for the issue, I had some trust in Clarke that he was a better businessman than that.
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.
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.
callumross: Cracking deal, bridging the gap between now and the 15W delayed smelter being commissioned. Surprised this has not been reflected in a stronger share price today. Can still buy below mid-price.
al101uk: 11 million market cap, 324 million shares in issue and only 400K shares traded, which is a high volume day on here apparently. I think it's safe to say that this is an extremely illiquid investment and share price will be a very exaggerated version of performance. Nipped in to see if there was any progress, it appears not very much. Still waiting for the placing, once funding has been finalised, to maybe take a nibble. Looking at the price now, maybe there will be an opportunity before then. Don't have a target though, not sure where I would feel comfortable. As Underhill says, very high risk and rapidly becoming a binary bet. Certainly won't be taking the kind of position I held back in at the beginning of October last year... a bit scary thinking back to it. Paperwork/permits holding the company hostage, where have I seen that before ;-) On the positive side, even though we all know GC doesn't subscribe to the same concept of time as we do, he does tend to deliver... eventually.
underhill2: I won't be adding here at present. Getting concerned now that they are having troubles raising the finance. Only time will tell but will not be suprised if the share price continues to fall. Should the price drop to 2p I will add to my holding. This now is purely a very speculative investment.This is now looking very high risk. Nevertheless the selling volume of shares has been very small and that is the only comfort I can take at present. Hopefully good news ahead although by the end of June cash will be running out should the finance not be forthcoming.
Ironveld share price data is direct from the London Stock Exchange
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