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International Ferro Metals

05:00 on 23/11/2017

Current Price 0.94p | Bid 0.00p | Ask 0.00p | Change 0.00%

Company Overview

IFM was established in 2002 to acquire, control and expand the chromite mining and processing operations of the Buffelsfontein mine in the North West Province of South Africa. IFM intends to use the proceeds from the placing to construct and bring into production an integrated chromite mine and processing facility to produce ferrochrome. The IFM Directors expect production to commence 18 months after the start of construction. The principal use of ferrochrome is in the stainless steel industry which consumes around 90 per cent of the approximately 6 million tonnes produced on an annual basis. Ferrochrome is added to stainless steel for its corrosion and oxidation resistant properties. Currently, world demand for ferrochrome in stainless steel is high and, according to a report by Heinz Pariser is expected to grow at a rate of 4.4% per annum until 2015.

Stock Details

Shares in Issue 554,008,047
Market cap £ 4.99m
Sector Industrial Metals & Mining
Indices FTSE Fledgling

Key Personnel

Christiaan Jordaan CEO

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Price Summary

Mid Price ? 0.00p
Bid Price ? 0.00p
Ask Price ? 0.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 0.90p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 375.00p
52 Week Low 0.90p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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