Last 5.75 GBp
Change Today -0.375 / -6.12%
Volume 173.9K
IRON On Other Exchanges
Symbol
Exchange
London
As of 4:01 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

ironveld plc (IRON) Snapshot

Open
6.13 GBp
Previous Close
6.13 GBp
Day High
6.13 GBp
Day Low
5.75 GBp
52 Week High
02/27/14 - 12.25 GBp
52 Week Low
01/23/15 - 4.75 GBp
Market Cap
17.3M
Average Volume 10 Days
289.7K
EPS TTM
-0.0036 GBp
Shares Outstanding
301.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IRONVELD PLC (IRON)

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ironveld plc (IRON) Details

Ironveld Plc engages in the exploration and development of pig iron. The company holds interest in the Ironveld Project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa. It also explores for vanadium and titanium. Ironveld Plc is based in Cardiff, the United Kingdom.

13 Employees
Last Reported Date: 12/3/14

ironveld plc (IRON) Top Compensated Officers

Chief Executive and Director
Total Annual Compensation: 173.0K GBP
Compensation as of Fiscal Year 2014.

ironveld plc (IRON) Key Developments

Ironveld plc Reports Audited Consolidated Earnings Results for the Twelve Months Ended June 30, 2014

Ironveld plc reported audited consolidated earnings results for the year ended June 30, 2014. For the period, the company reported operating loss of £660,000, loss before tax of £750,000, loss from continuing operations was £1,159,000 or basic loss per share from continuing operations of 0.37 pence and loss attributable to owners of the company of £930,000.

Ironveld plc, Annual General Meeting, Dec 29, 2014

Ironveld plc, Annual General Meeting, Dec 29, 2014., at 10:00 GMT Standard Time. Location: Osborne Clarke. Agenda: To receive and adopt the Accounts for the period ended 30 June 2014 together with the reports of the directors and of the auditors thereon; to re-elect as a Director Charles Giles Clarke who retires in accordance with the company's articles of association and offers himself for re-election; to re-appoint UHY Hacker Young Manchester LLP as auditors of the company and to authorize the audit committee to determine their remuneration; to allot equity securities; and to give the general power to allot equity securities;.

Ironveld plc Announces Definitive Feasibility Study Reaffirms Compelling Economics for Ironveld Project

Ironveld plc announced a summary of the definitive feasibility study assessing the economic viability of its pig iron and ferro-vanadium project which will consist of a 15MW DC smelter with planned production of 41,966 tonnes of high purity iron, 415 tonnes of vanadium (in slag) and 8,269 tonnes of titanium (in slag) per annum from late 2015. The Study confirms the Project's viability to deliver an exceptionally high grade iron product (99.5% Fe) called High Purity Iron (HPI) which commands a premium to the pig iron price. Vanadium and titanium slag containing commercial grades of vanadium and titanium will also be produced and sold. Project life is in excess of 100 years and highly scalable. Ore from the main magnetite layer on the Company's properties can be fed directly to the proposed smelter without the need for beneficiation. 20MW of power available on site by year-end 2014 from an ESKOM substation adjacent to the Project area. Study shows the ability of the Project to deliver an annual turnover of GBP 26.4 million with an EBITDA of GBP 8.1 million per annum (based upon current costs and commodity values). Project is also projected to be cash flow positive from the commencement of production. The capital expenditure is projected to be approximately GBP 36 million, a proportion of which will be funded out of early cash flow from the Project. The robust nature of the Project has attracted interest from a number of Capital providers, the Company is in advanced discussions with banks, other financial institutions and industry who are interested in providing the necessary capital as part of capital equipment and/or offtake agreements for the Project's HPI, vanadium and titanium.

 

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