Ironveld (IRON)

Sector:

Support

Index:

FTSE AIM All-Share

0.090p
   
  • Change Today:
    -0.053p
  • 52 Week High: 0.39
  • 52 Week Low: 0.073
  • Currency: UK Pounds
  • Shares Issued: 3,935.00m
  • Volume: 61,300,357
  • Market Cap: £3.54m

Ironveld FY losses widen

By Iain Gilbert

Date: Thursday 29 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Iron ore mining firm Ironveld posted a widened annual loss on Thursday but stated it expects to see production and sales "increase rapidly" in the 2023 trading year.
Ironveld said it recorded a pre-tax loss of £800,000 in the 12 months ended 30 June, expanding from the £500,000 loss a year earlier.

The AIM-listed group also said it has now commenced mining activities and that its newly acquired smelter will shortly be processing ore following the refurbishment of the first of what will be three operating furnaces.

Ironveld noted the majority of capital expenditure required for its entire Rustenburg smelter project had now been spent. However, it also stated there was still further work to complete before the smelter can operate at planned full capacity in mid-2023.

"The group will need to carefully balance its cashflow consumed in operations against sales revenues received in order to complete this planned work," said Ironveld, which expects first revenues from its products in "early 2023".

As of 0930 GMT, Ironveld shares were down 4.42% at 0.27p.





Reporting by Iain Gilbert at Sharecast.com

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Ironveld Market Data

Currency UK Pounds
Share Price 0.090p
Change Today -0.053p
% Change -36.84 %
52 Week High 0.39
52 Week Low 0.073
Volume 61,300,357
Shares Issued 3,935.00m
Market Cap £3.54m

Ironveld Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.27% above the market average37.27% above the market average37.27% above the market average37.27% above the market average37.27% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average
96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average
Income Not Available
Growth Not Available

Ironveld Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 1,707,142 @ 0.090p
16:42 5,000,000 @ 0.083p
16:28 500,000 @ 0.096p
16:27 1,000,000 @ 0.094p
16:19 1,000,000 @ 0.097p

Ironveld Key Personnel

CEO Martin Eales

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