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.

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.

Back on track here and rising nicely. I'm back in for a few in my isa.

That's good.They usually wait until I sell before they start going back up!

Despite the poor performance of the sp,2 of 3 brokers rate IFL a strong buy,the other neutral.
Obviously, the recovery in ferro metal price is key.

Funny goings on here.
Share price down 2.5 points(6%),yet strong buying

Anybody in the know as to why the price continues to drop,despite positive broker opinion.I bought after Questor reccommendation at .58 and they are now .38.
The price of f/chrome has fallen from about$.90 to $.80 over the last few months,so I expect that is part of the answer.

No idea but I hold. It just seems to be slipping away into oblivion.

The only 3 things I can think are

1) There is a big seller in the market still unloading
2) The market is going down to a double bottom and this is slowly heading down back to 10 - 20p
3) MM's trying to frighten PI's into selling their stock

To be honest atm it just doesn't look as though it is going back up so I don't suggest you buy anymore!

I have been disappointed with this share so now I've moved on--there are better invetments out there at the moment.

Me too.The trouble is,they only seem to go up when I sell.Consequently they are now 3 points higher,since selling this a.m.The message seems to be,"now that bast++d has sold.it's time to buy!
C'est la vie!

why not do a CFD with a guaranteed stop?

Quarterly management statement due to be released tomorrow.

There's something here about not selling at the bottom or buying at the top.