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Share Name Share Symbol Market Type Share ISIN Share Description
Ironveld LSE:IRON London Ordinary Share GB0030426455 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 2.05p 1,617,829 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.00p 2.10p 2.05p 2.05p 2.05p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.54 -0.10 12.1

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Date Time Title Posts
22/1/201915:37Ironveld plc2,365
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 2.05p.
Ironveld has a 4 week average price of 1.70p and a 12 week average price of 1.65p.
The 1 year high share price is 3p while the 1 year low share price is currently 1.45p.
There are currently 592,133,698 shares in issue and the average daily traded volume is 6,977,358 shares. The market capitalisation of Ironveld is £12,138,740.81.
novicetrade68: I think the bottom line is that it's very difficult to gaze from afar whether the hold-up in issuing the water license is because the wheels of burocracy move very slowly in SA, or whether SAs general issues with water has effectively resulted in IRONs application put in the freezer (temporarily) for now. No water license = no finance = no mine, yet may need at some point this year further working capital and hence a bombed share price.
orange1: Results published at 9am rather than the usual 8 am: Shareholders are thanked for their ongoing support.
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
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.
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)
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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