This rising star seems to have been overlooked by this board. It is strongly tipped in todays Sun Times as extremely undervalued still with much more interest when it moves to the main list in a few weeks time--straight into the ftse 350. The institutions are coming onboard and I'm happy with my long term hold.

confidence returning here -I hope we'll soon be in new highs.

I think there are sound reasons for this to be a long-term hold but I'm far too jittery and like to take a decent profit when possible. Will certainly buy in again but may wait until it pulls back to around 120-125p, which has been a level of major resistance in the past year.

The sp has risen very sharply, from 116p to a high of 148p in just 5 days - I have learned to fear the force of gravity in such circumstances!

60p would be a fair price for IFL

hlyeo98
are you in now
its 75 at the mo. where do you see it next?
cheers

This snippet comes from the FT, as reported in MAM's Newsroundup on 22Aug:

"Flurry of activity in International Ferro Metals as takeover speculation swirls"

IFL has gone down to 50p...which is lower than I thought...the current slump in copper price will probably dip this even lower now.

made money on this today by going long at it's low point of 20% down.

you are lying.

You shouldn't judge everybody by your own dubious standards.

Just because you lie doesn't mean others do.

Just because I called it right doesn't mean u have 2 be jealous.

lolol

You're the biggest idiot on these boards who couldn't see an opportunity if it jumped up and struck you.

If you actually spent time looking at the share prices rather than coming out with verbal rubbish on here, you might actually make some money!

BTW it's called trading - you see an opportunity, in my case going long, hold it for a few hours max then sell.

I've already made loads with the builders by shorting. Haha!

Yeah right. I really believe you.

Excellent results this am. Managed to lock in nice profits on the initial surge although I am holding at slightly higher levels as well. With sp's all over the place, now just waiting for things to settle.

Some drop, down 30%.

Tipped as a buy by Questor in Telegraph today.
Any views out there?
Chart looks promising

This was the news couple of days ago, from Business Financial Newswire:
"IFL back on track as demand picks up
Full year revenues at International Ferro Metals fell 59% to ZAR782m as ferrochrome price in the fourth quarter plunged 64% to US$0.69 per pound. The firm posts an EBITDA loss of ZAR396m and a net loss before tax of ZAR456m compared with net profit of ZAR630m in 2008.
But it says its balance sheet remains strong with ZAR340m of cash while its excellent safety record had resulted in the company being certified ISO compliant during the year.
Chief executive David Kovarsky said: 'We are confident that the recent resumption in demand and stronger ferrochrome prices are sustainable and IFL is back on track to take advantage of this with an improved cost base.' "

It's been a good one to trade in the past, and I agree: the chart does look promising. [Don't know why I can't post them these days... used to be ok!]

I have seen quotes that the price of ferrochrome might reach $3/lb because of rising demand. Sounds optimistic, but metal prices are certainly on the up.

Looks like the Telegraphs Questor column gave IFL the kiss of death by recommending to buy at 58p,which I did. They have not stopped going down since.
Now at 49

Support at 49p but failing that good support at 38 - 40p.
Not followed this one at all, but would be very tempted to buy in at +/-40p.
Last sales figures are poor, but if demand for metals is now going to increase, then IFL should benefit. Interesting that figures are quoted in ZAR which I thought was quite weak atm.