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.

RNS Number : 4339L
International Ferro Metals Limited
06 May 2010









06 May 2010



International Ferro Metals Limited

("IFL" or the "Company")



Statement regarding proposed changes to Australian tax regime



International Ferro Metals notes the Australian government's proposal to introduce a uniform resource rent tax to those mining companies with operations in Australia.



As all of IFL's operations and resources are located in South Africa with no mining activities undertaken in Australia, IFL believes, having consulted with its advisors, that it will not be liable for the newly proposed resource rent tax.



- ENDS-



For further information please visit www.ifml.com or contact:



International Ferro Metals Limited

David Kovarsky, Chief Executive Officer
+27 (0) 82 650 1192

Brunswick Group

Carole Cable / Fiona Mulcahy
+44 (0) 20 7404 5959

Numis Securities Limited

John Harrison / Stuart Skinner
+44 (0) 20 7260 1000




About International Ferro Metals:

International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.



Forward Looking Statements

This announcement contains certain forward looking statements which by nature, contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.


This information is provided by RNS
The company news service from the London Stock Exchange

The change of TREND as is moving into a BREAKOUT of the last Intraday high

Hopefully a good sign.I expect that the recent results have been interpereted as better than expected.

(IFL) IFL ferrochrome output up 46% on last year
Obviously not a well received result, as the price is down 10% -3.25

IFL DUE FOR A LONG LEAP UPWARDS.....THE PRODUCTION UPDATE WILL PROVE TO BE THE CATALYST. ONCE THE VALUE OF THE DOLLAR VS RAND INCREASES, MORE PROFIT WILL BE CHANNELLED TO THE BOTTOM LINE. RATED BUY BY 3 MAJOR BROKERS.....BUY BEFORE ITS TOO LATE.

Certainly worthy of attention.Especially in view of a very poor sp performance.

Heavy drop after negative update on Tuesday, but yesterday there was signs of bouncing back and this morning has confirmed that with the double bottom

If this stock isn't a contender for the most disappointing stock in the FTSE 25 ,then I'll eat my shirt. The Telegraph rated them a buy at 58,now they are barely 1/3 of that Thank the good lord that I am not a holder.

Unfortunately, I am!

chessplayer

re >>>>>Thank the good lord that I am not a holder.

For not being a holder, you do seem to follow her a bit too much
Maybe you have sold recently?.
I did buy yesterday, expecting a bounce that I can profit from.

I sold at about 30, but didn't lose much. They are on my watch list,so may get back in. They are certainly a momentum stock. The trouble is ,most of the momentum has been the wrong way!!

Sales went well up from the large stockpile they had, though production was lower last year >>>>>

Furnace repairs cut IFL ferrochrome output

Furnace repairs cut International Ferro Metals' ferrochrome production to 47,054 tonnes in the three months to the end of December.

This was 13% down on the previous quarter and 19% below the corresponding period in 2009.

But IFL said sales of 74,917 tonnes were up 159% from the previous quarter and 117% higher the corresponding period in 2009 due to strong demand in Asia.

And it said net borrowings were reduced from ZAR309m at the end of October to ZAR216m at 31 December.

CEIO David Kovarsky said: "IFL achieved strong sales during the quarter due to our good relationships in Asia where we have focussed on higher-value markets.

"Production at our mines, underground and surface, is also approaching record levels and IFL should be self-sufficient in ore supply by January 2012.

"We remain focussed on maximising production from our furnaces and have identified a permanent solution to achieve nameplate ferrochrome production.

"Minimising costs continues to be another area of operational focus as we seek to maximise margins."

This might be the time to get back in. Results probably better than expected, and pushing off support level at 20

Could be that some sort of recovery is at last starting to take place here. IFL is up over 30% from recent lows.( in the last week) Is it time to buy a few?!?

The Company was today informed that Terry Willsteed, a non-executive director of the Company, today purchased 100,000 ordinary shares in the Company at a price of 23.75 pence. Following this transaction Mr Willsteed will hold a total of 1,100,000 ordinary shares in IFL representing 0.20% of the Company's issued share capital

This stock has surely hit rock bottom. What about a recovery?

Don't know whether youve seen this article

http://www.telegraphindia.com/1110630/jsp/business/story_14179034.jsp

Recommended in yesterday's shares at 21 p.They are of the opinion that a re-rating is on the cards. A bit of a comeback seems to be on the cards.Up from lows of about 14 p over the past few months.
Also, check out the article referred to above.

I've had my fingers burned twice with this stock! I hope not to make it a hat trick

International Ferro Metals Limited
("IFL" or the "Company")

Agreement with Eskom

1 March 2012

International Ferro Metals Limited, the integrated ferrochrome producer, announces that it has reached an agreement with Eskom to assist with the power utility's electricity supply requirements by participating in its electricity buy-back programme for an agreed period.

IFL has agreed to switch out the first furnace from 1 March until 31 May 2012, and the second from 1 April until 31 May 2012. IFL has the option, under this agreement, to switch back in the first furnace on 1 May, provided one month's notice is given by 31 March.

Under this agreement, Eskom will buy back the electricity which would have been consumed by the two furnaces, at a rate that results in a net financial benefit to the Company.

IFL's contractual commitments to customers will not be affected as these will be serviced from existing ferrochrome stock and production from the second furnace, which will be switched out on 1 April.

Both shutdowns will be executed in a safe and secure manner and we expect switching back in to be a quick and secure process as the furnace performances have been proven after the roof rebuild project.

No job losses will occur as a result of the buy-back programme and the furnace shut downs will not significantly impact our other mining and ore beneficiation operations, including the operation of the UG2 plant. Furthermore, Bank of China, IFL's lender, is agreeable to this decision.

Chris Jordaan, Chief Executive Officer of IFL commented:

"This agreement is value accretive for IFL shareholders, cash generative for the Company, helps our national power utility manage its maintenance programme before the winter period, and is agreeable to our lender."




For further information please visit www.ifml.com or contact:

International Ferro Metals Limited Tel: +27 14 574 6302
Chris Jordaan, Chief Executive Officer

Brunswick Group Tel: +44 (0) 20 7404 5959
Carole Cable / Kate Boothman-Meier

Numis Securities Limited Tel: +44 (0) 20 7260 1000
James Black / Stuart Skinner / Alastair Stratton


About International Ferro Metals:

International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.

Forward Looking Statements

This announcement contains certain forward looking statements which by their nature contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.