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.

Overhang being cleared, it was 23M a bit earlier

has been trying to move higher for a couple weeks but allways was up and down

does a large chart make it look a better buy?

I like your comment BB - lol!

re - chessplayer - 23 Oct 2012 08:33 - 89 of 94
If this news doesn' give the stock a lift, I don't know what will !

the overhang being cleared allways does the job

well, whatever it was, it seems to be going in the right direction for a change!!

And a follow through today, at least so far

11.675p +0.675p

International Ferro Metals Limited

FURNACE UPDATE

International Ferro Metals provides the following update with regard to its furnaces following the 30 November 2012 announcement in relation to the furnace electrode breaks. The Company can now confirm that the root cause has been addressed and the electrode paste has been completely replaced and operations at both furnaces have returned to normal.

The replacement of the electrode paste was completed in late December 2012 and since that time the furnaces have been operating at full load. The Company is confident that the electrode issue has been fully resolved and appropriate action has been taken to prevent it from happening again.
The Company will release its Production Report for the three months to 31 December 2012 on 24 January 2013.

12.625p +0.625p

on the way up now after the last retracement
There is volume today as is breaking up from the last high

Yesterday's news were much better than expected ...............

24/01/2013 - IFL sales and output better than previous guidance

Furnace repairs had less of an impact on International Ferro Metals' sales and production than forecast.

The company said the furnace electrode paste replacement was successfully completed in the three months to the end of December.

This resulted in a 10% fall in production (52,143 tonnes) and a 5% drop in sales (51,092 tonnes) compared to the previous quarter - but better than previous guidance.

And IFL said furnace 2 reached near record production in December.

Chief executive Chris Jordaan said|: "I am pleased to report that both furnaces have fully recovered from the electrode paste issue and actions taken will prevent the issue from reoccurring.

"We successfully limited the impact to production which exceeded our previous guidance and therefore the impact to sales was contained.

"At the end of the quarter, we were operating at full capacity with Furnace 2 producing near record production in December.

"The agreement with Eskom enables the company to assist with South Africa's electricity supply requirements and sell electricity back to the grid at a financially beneficial rate for the next two months.

"The second furnace will continue to operate at full production and will service our clients around the world. We are particularly delighted to have made our first alloy and ore sales into India over the quarter which we have identified as a growth market for the company.

"With our furnaces back at capacity, and our cost reduction programme moving back on track, IFL is well positioned to service a growing customer base after the Eskom agreement is completed."

my initial thought was that, having looked at MJ's chart, there was not a great deal of immediate upside - i.e. a good call of MJ's if you were already a holder ...... however, out of curiosity, i pulled up a 5 year chart (as below), so make of it what you will

on the other hand, the 1 year chart shows getting through 13.5-14 where the 200 dma also lurks, could be quite problematic

Cynic, not a very inspiring chart to say the very least ! It recalls the old saying, "from the little seed grew the great oak ". The trouble is of course that this was the other way round.

Still, it seems that some sort of recovery is underway.

i don't hold and having looked at the chart, have no intention of so doing

I do not need you over here either

but to say I bought @ 10p ( tried but could not get better price had to pay full offer ) on 18th December last, and though could have sold for a 2p profit on the T +20 I paid for it after I saw the overhang of 23M being cleared and then last week positive news..... "both furnaces have returned to normal".

Now with yesterday further bullish news, I see the stock as very undervalued on fundamentals and charting - double bottom and soon end of downtrend.

The 5 year chart some will looked it as a way they could be back to

it maybe so... but might take anoher 5 years.,.

BTW Below my comments at the time for my followers on my OWN thread ( close to 11 years old now )

18 Dec'12 - 14:32 - 374 of 634
KEEP an EYE
IFL 9.95p ( 9.90 / 10p )

On the rise today with volume, most likely the end of the recent downtrend. Better news are expected than the ones lately.

now tell us about the crap calls you have made

re - crap

is all over you no wonder you mention the word.

and the answer is on what you said all the time about me ........ "mg" is short term punter

My calls are all short term and that is why I am using the different ways of charting

so you are contradicting yourself all the time, only a nutter can not remember (its ) lies

boy

re -but might take anoher 5 years.,.

I am sure I will be out by then, but I am sure a 15 fold one does not get every day, and you did not get any closer to lets say 2 fold