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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.037 | 195,800,138 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.036 | 0.038 | 0.037 | 0.037 | 0.037 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Scrap & Waste Materials-whsl | 103k | -435k | -0.0001 | -4.00 | 1.46M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:23:23 | O | 14,444,444 | 0.036 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 14:42 | UK RNS | Ironveld PLC Result of General Meeting |
| 30/10/2024 | 13:52 | UK RNS | Ironveld PLC £2.5m Fundraise & Proposed Capital Reorganisation |
| 23/10/2024 | 06:00 | UK RNS | Ironveld PLC Blocklisting Return |
| 06/6/2024 | 18:59 | ALNC |  IN BRIEF: Ironveld says funding package likely to be delayed, reduced |
| 06/6/2024 | 11:22 | UK RNS | Ironveld PLC Update on Funding Discussions |
| 14/5/2024 | 06:00 | UK RNS | Ironveld PLC TR-1: Notification of major holdings |
| 02/5/2024 | 16:21 | ALNC | IN BRIEF: Ironveld names Kristoffer Andersson as new CEO |
| 02/5/2024 | 06:00 | UK RNS | Ironveld PLC Appointment of CEO |
| 24/4/2024 | 12:22 | ALNC | Ironveld agrees to GBP125,000 working capital loan facility |
| 24/4/2024 | 06:00 | UK RNS | Ironveld PLC Working Capital Facility |
Ironveld (IRON) Share Charts1 Year Ironveld Chart |
|
1 Month Ironveld Chart |
Intraday Ironveld Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/11/2024 | 15:58 | Ironveld plc | 8,393 |
| 13/7/2022 | 14:53 | Who are the real turkeys? | 1 |
| 19/9/2021 | 11:59 | 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 |
|---|---|---|---|---|
| 2024-11-20 16:23:24 | 0.04 | 14,444,444 | 5,200.00 | O |
| 2024-11-20 16:23:11 | 0.04 | 90,000,000 | 32,400.00 | O |
| 2024-11-20 16:22:54 | 0.04 | 90,000,000 | 32,400.00 | O |
| 2024-11-20 14:20:19 | 0.04 | 1,355,694 | 488.05 | O |
| Top Posts |
|---|
Posted at 20/11/2024 08:20 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 10/11/2024 15:58 by bigwavedave Hi Q,Good to see you again.Apologies for the tardy response but I only occasionally look in these days. I dumped my shares a while back, fully expecting IRON to go down the toilet for good. Credit to JW for keeping it going but he'll have to perform some real magic now. Always possible, I suppose.I hope all is well with you.D |
Posted at 02/11/2024 17:11 by quidnunc Hi BWD,I'm glad you're still about. The long and lingering death of Iron continues to fascinate me but no longer inspires! There seemed so much promise a few years back but nothing material has ever come to pass. Each leak requires an even bigger pinch of salt to go with it to the point where there's more salt than substance The only reason I hold is because my holding is so close to valueless as makes little difference. Anyway it's good to see a few familiar names still orbiting the plughole!Best regards W |
Posted at 31/10/2024 13:43 by rec0very stock "At 18 October 2024, the Company had a cash balance of £17,892 and total creditors of £3,685,410 with £2,972,711 payable to South African entities (including the outstanding loan owed to Warmbad) and £757,698 due to creditors in the United Kingdom, including outstanding fees and/ or salaries owed to directors and the outstanding Loan Facilities. The Company has entered into agreements with certain of these creditors to settle a total of £693,000 from the net proceeds of the Placing and the Subscription.The Company has also entered into agreements with certain of its creditors to settle a further amount of £231,900 through the issue of 644,167,519 New Ordinary Shares at the Placing Price, being the Creditor Shares. Following the above cash and share-based settlements with certain creditors, the Company will have total creditors of £2,515,888. The Company intends to reduce this creditor position from cash flows generated from production, whilst ensuring the Group's operational objectives can be met." In other words they are trading whilst insolvent! Paying £2.5m from production cashflows when there has never been any net cash generative production is pure fantasy. The company is in a funding black hole so deep this placing hardly fills an inch from the bottom let alone provide the capital needed to achieve positive cash generative production. How the brokers managed to con hapless investors into this is beyond me, but maybe there are people who want a thumping capital loss to offset against gains elsewhere to avoid the increase in CGT. What happened to the loan? Yet another false hope no longer even mentioned. |
Posted at 30/8/2024 11:15 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 21:25 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 10:18 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 22:18 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 16:40 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..... |
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