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.

too true - lots more to come here - be careful though on Monday that you do not buy too high

not up too much today--just a bit every day suits me! Its worth checking the other side for more detailed info.

International Ferro says 2 furnaces disrupted; sees FY output down by 11 pct
AFX


LONDON (Thomson Financial) - International Ferro Metals Ltd said it expects a reduction in its full-year ferrochrome production by up to 30,000 tonnes following a temporary disruption of production in two furnaces.

It said the disruption was triggered by an operational failure of pressure rings which hold the contact points against electrodes within the furnaces and two instances of faulty wiring in the ball mill of the pelletising plant.

The company said it expects production for the year ending June 30, 2008, to be about 237,000 tonnes, which could reduce its production and revenues by about 11 pct.

TFN.newsdesk@thomson.com

International Ferro sees profit margin hit by higher freight costs, weak dollar - AFX

LONDON (Thomson Financial) - International Ferro Metals Ltd said its profit margins for the year to date were hit throughout the South African ferrochrome industry due to higher freight charges and a weak dollar.

The company said it expects ferrochrome prices to remain close to the historic high at 1 usd per pound throughout the fourth quarter of 2007 and expects the prices to rise from Jan 1, 2008.

The integrated ferrochrome producer said it still sees loss of production from plant faults at 30,000 tonnes through to Jan 31, 2008.

It said feasibility study to increase its annual production capacity to 665,000 tonnes of ferrochrome is under way, and that it is continuing to hold talks with banks to secure debt finance for its expansion.

tf.TFN-Europe_newsdesk@thomson.com

Interesting this one !!

News out today:

International Ferro Metals Limited
06 December 2007

Operations Update

London, 6 December 2007 - International Ferro Metals Limited (LSE: IFL), the
integrated ferrochrome producer, is pleased to announce that the replacement
programme for its electrode pressure rings has been successfully completed one
month ahead of schedule.

Mining has begun at a new open pit mine on the Buffelsfontein site to provide
additional access to the chromite deposit thus increasing current tonnage to a
level above that currently consumed by its two ferrochrome furnaces. The surplus
production will be stockpiled ahead of the Company's planned expansion of its
smelting capacity.

The four percent appreciation of the US dollar against the Rand in the last
month will assist in restoring average profit margins throughout the South
African ferrochrome industry. Published ferrochrome prices are anticipated to
increase to a record high for sales in the first quarter of 2008.

Full details at:
RNS re IFL

I reckon this will start to recover. I remember listening in to a conference call in September when they explained what had gone wrong with the smelter - which had been the cause of the fall in the sp (see hlyeo's post No. 4 above). They've now repaired this one month ahead of schedule, which must be a good thing.

Now at 93-93.5p, up 3.61%. Looks like it could be picking itself up again.

IFL reported good Interims yesterday:

International Ferro says H1 loss narrows, in line with its expectations
AFX

LONDON (Thomson Financial) - International Ferro Metals Ltd said its first-half net loss narrowed on higher sales revenue, in line with its expectations, adding it continues to achieve increasing ferrochrome prices and the outlook for demand remains very positive.

The integrated ferrochrome producer said its net loss for the six months to Dec 31 narrowed to 23.86 mln South African rand from 71.63 mln rand last year. Sales revenue surged to 367.53 mln rand from 4.44 mln a year ago.

'These results are in line with our expectations given the production problems we experienced which, with the exception of the industry-wide electricity supply problems, have since been rectified,' chief executive Stephen Turner said.

For full details go to:
IFL Interims

Sp continues upwards today at 127.5-128p

Of interest also is this extract from the full RNS:

"Our environment:
IFL is the only South African ferrochrome producer that operates totally closed
furnaces and therefore does not have significant exposure to the environmental
liabilities arising from the operation of open furnaces. Other ferrochrome
producers in South Africa are moving to close or enclose their open ferrochrome
furnaces."

I'm back in this currently.

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.