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.

(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.

chess no fingers burnt this time as they are closing down their furnaces=zero production, not good news.

The results below are obviously better than expected, hence price rise.

IFL production falls
StockMarketWire.com
International Ferro Metals' alloy sales totalled 52,930 tonnes in then three months to the end of March - 9% down from the previous quarter but 9% up on a year ago.

IFL said it moved back into overall profitability on a monthly basis for March and operations were cash generative.

Ferrochrome production fell to 48,762 tonnes in the period - down from 54,142 tonnes in the previous quarter and 51,446 tonnes a year ago.

Chief executive Chris Jordaan said: "International Ferro Metals is making excellent progress in improving its competitiveness through initiatives such as an improved reductant mix, furnace roof rebuild, the UG2 plant and the co-generation plant.

"his has been augmented by the attractive short term benefit of our agreement with Eskom, which is value accretive to shareholders.

"Underlying performance is strong, and the company's move into profitability from March demonstrates the momentum we have built up.

"This performance is expected to strengthen as the full benefit of the cost reduction projects, for example the CRP UG2 project amongst others, comes through.

"The board believes IFL is in a stronger position than for some time, and well placed to benefit from any further improvement in the ferrochrome market."
At 9:22am: (LON:IFL) share price was +1.75p at 17p

IFL cost saving strategy 'on course'
StockMarketWire.com
International Ferro Metals remains confident its cost reduction strategy is well on course to deliver improved and sustainable margins.

The company said the Sky Chrome mine ramp up to a record 73,000 tonnes per month run-of-mine was achieved in August and development of the open pit box-cut has progressed to plan.

Sky Chrome provides low cost chrome ore for the smelting operations and now fully compensates for the closure of the Lesedi open pit mine, which reached end of life in July as previously announced.

IFL also said management was very pleased to report that the furnaces had performed better than expected during July and August and produced 39,700 tonnes of ferrochrome.

As previously reported, the company voluntarily reduces load during specific expensive peak winter tariff hours to reduce production costs. The winter tariffs are effective from June to August every year and the load reductions are expected to reduce ferrochrome production volumes by about 10% during this period.

It says efficiencies during July and August were especially gratifying in terms of ore, reductant and electricity consumption.

IFL said the Co-gen facility continued to improve and achieved a record production of 5.5GWh in July, or 6.9% of the company's total power demand.

In August, this was eclipsed by a new record of 8.1GWh. This equates to 10.2% of total power demand, a level that we expect to continue as we move towards our 11% target when all engines are running at full capacity

The UG2 programme continued as planned, having seen delivery of the full contractual 15,000 tonnes per month of chrome concentrate since April this year. The use of UG2 in the smelting process has reached new levels as the feed to the pelletising is gradually increased and reached 7,000 tonnes in August.

It adds: "These ongoing improvements are helping the company to attain its goal of repositioning itself towards the lowest end of the cost curve.

"With the achievements reported for the new financial year so far, the company remains confident that the cost reduction strategy deployment is well on course to deliver improved and sustainable margins."

At 8:15am: (LON:IFL) share price was +0.88p at 14.63p