Iofina Share Discussion Threads

[monkeymagic3] 12/11/2014 10:02

che7win 12 Nov'14 - 09:39 - 26539 of 26542 2 0

PS: I'm not afraid to post negatively on any stock I own, the frustration here is with communication, not the underlying business and prospects.


Couldnt agree more. I feel exactly the same. There is nothing more grating than reading continual positive nonsense in the face of obvious failings. Look at Northcote!

[che7win] 12/11/2014 10:00

Superg,
I know there was speculative money here, working around the monthly updates, that has had to unwind and IMHO the last few weeks have been about forced sellers having to get out.

The market has a tendency to pounce on the weak, so that has happened in IOF, fair enough if that's the case, we will move up swiftly on the business review RNS.

For what it's worth, the price here doesn't concern me, the business performance is what matters and that has clearly been demonstrated in the last set of results to be storming ahead.

DYOR.

[roundup] 12/11/2014 09:52

Superb1. I think recent market moves have little to do with whether IOF do monthly updates.I think I would have to disagree with your assessment . In my opinion, it was a bad decision to stop reporting monthly when they did. If we are to believe what was forecast, we were about to improve production substantially. When a company decided to withhold this information the market immediately assumed that results are not up to expectation; this, in my opinion, is the reason for the share price drop.

[superg1] 12/11/2014 09:52

I have to agree there for those that want news as I suspect news for October would have been good. But then if you have a persistent seller they would milk good news with PIs buying higher for a continued drift.

I understand the exit rate for September was 1.4 to 1.7 mt per day so if they kept that up we'd be looking at 40 to 50mt for October, which the market would probably have liked. If that's the case then yes bad timing.

However we are due business review rns spelling out the plans, so IOF may take the opportunity to update us on how things currently stand re production, including any talks with partners for water, which I suspect are in play.

[festario] 12/11/2014 09:51

Amen to that.

[che7win] 12/11/2014 09:39

Superg,
It has everything to do with the monthly updates, they pulled them at the wrong time.
Why? Have they something to hide, maybe some improvements they wanted to make last month? I think I'm aligned to the market here, I expected the stock to fall because of it and that's exactly what has happened.

I'm not interested in other AIM stocks, I'm interested in IOF.

The market is currently differentiating between companies that can go it alone and those that are speculative.
IOF is viewed as speculative, fair enough because it was that in the past, but it is in that difficult situation where it moves from blue sky to actual Positive cash flow.

In this stage of the company's evolution, good communication and frequent communication is crucial.
They needed to keep the monthly updates to demonstrate they are making progress along with announcing their growth plans for next year.
They were so close to gaining market confidence and pulled them before the market was reassured prematurely.

Just look at QPP, flyb for poor performers, IOF is doing well and management have sorted the business out and cut costs, so we're able to pay our way.
DOW is hitting highs, AIM market under performed this year so we need to demonstrate we are a good investment and differentiate ourselves from the dross.

They pulled the monthly updates which were presenting excitement and informative data on progress, that's a pity and IMHO naive to time it so early.

The commodities generally are in a deflationary period, the good thing is that iodine has been a year ahead of other commodities so we should come out of it first, but the strong dollar has made things more difficult.

I reckon we hear on water in the next month and their plans for next year are probably influenced by the water upfront payment if they go that route.

Anyway, the underlying business is sound IMHO, so I've topped up today after deliberately waiting for a price under 40p.

PS: I'm not afraid to post negatively on any stock I own, the frustration here is with communication, not the underlying business and prospects.

[superg1] 12/11/2014 09:20

Che

I think recent market moves have little to do with whether IOF do monthly updates.

Without listing them there are a host of world issues that have arisen over the last few months that have affected the overall market in a big way.

As I pointed out yesterday 3 AIM companies have a combined MC of £750 million with a total of £6m revenue with £32 mill of losses, yet the BB punters think they are heavily under-valued.

All the market see in this sector is SQM and an iodine price drop. They assume a problematic over-supply situation and in any case right now in these markets couldn't give a toss what any company is doing they just want to preserve cash. That combined with those over-geared in the markets which have been awful. The end results is big funds seeing troubles not just the geared PI chancer.

Any AIM company not turning over revenue isn't worth looking at imo at the moment as they face a very tough time when the purse needs filling.

A few weeks back IOF announced the water news with the potential funding words, that has created a vacuum and until the answers are known interested funds probably won't buy. If IOF go it alone they can get their fill on what they see as potential dilution, or if IOF get a big partner funding all it creates security and makes it a good investment anyway. So rather than act on unknowns, it would seem they would wait for an outcome either way.

The broker will only talk about water once the permit is awarded post public notice period, assuming no objections.

[che7win] 12/11/2014 08:52

The only facts we don't know about are from IOF, I'd like to know whose wise idea it was to pull the monthly updates!

Still, they surely knew this would be the end result (as we all did).

[festario] 12/11/2014 00:08

To be fair, I have slightly more faith in IOF than QFI to come good (eventually)... neither are cash flow positive, but at least I can see IOF producing something.OK, I'll shut up and go back to reading only.

[henry9th1] 11/11/2014 22:02

My name monkeymagic3, well part of it! Not really interested in forums but waiting patiently to buy, kind regards, William.

[monkeymagic3] 11/11/2014 21:33

....and new avatars.

[henry9th1] 11/11/2014 21:27

Do I sense a bear trap in the offing? My order is in, mm's love to entice the bears as well as the bulls!

[woodpeckers] 11/11/2014 20:10

Well I think the last month has been very positive.

There was obviously the concern when we heard that we weren't going to get any more monthly updates that the dearth of news would cause people to move their money elsewhere until we approached the expected news in December. There has been surprisingly little movement of funds which suggests to me that we have little to no traders in the stock at the moment. :-)

Having said that I would imagine we will start to see a rise in the next week or so in readiness for the good news expected at the beginning of December.

Water confirmation and details of the boards plans to progress the company must surely make a substantial impact on the share price which presently reflects none of the potential income. I hope they have organised good coverage to make sure that the market starts to understands the scale Iofina intends to achieve. It was good to see that Tom is keen to do interviews, hope he keeps that up.

All in all, I'm feeling that we are now through the 'tough patch' and am looking forward to a good Christmas!

[rogerbridge] 11/11/2014 18:44

I could not agree more SG.
Very quiet here and I do not mind that at all.
Nothing much to post about, some interesting posts about water possibilities.
I am waiting for the action to start and when it does we could rise very quickly.

News on water, alone or J.V, increasing production, pods, iodine sales to Japan.
Me may receive a slug of cash from a j.V partner or from Japan.
That is for the future but there are a lot of long termers here who are looking in but with nothing much to say until the action begins.
In the meantime chill.
As S.G. Has pointed out, the competition appear to have some major problems.

[tim3416] 11/11/2014 18:43

Agreed SG. IOF are in a better place than ever before. Frustrating at the moment for some and I think maybe lot of investors are waiting until the water permit is fully granted before buying in. IOF are certainly not dead in the water!!

[superg1] 11/11/2014 18:31

Six plants sorted, iodine production will increase and the main world suppliers falling apart. More plants to come.

Off-take agreements sitting on the desk and demand for their products increasing as demonstrated re revenue

Water finally given a PDTG and looking like a very big partner will join them.

No worries for a long term holder just the usual names that moan and groan about the share price as seems to be the case on countless shares at the moment.

I spoke to one guy last night chair of another company. He thinks his share price should be about 5 times the current price and he can justify why. However he stated the share price is not for him to worry about, all he needs to do is look after the business.

And in his words some which I can't post, but it was along the lines of pesky chancers over-geared all over the place, with forced sells that tend to cause the problems.

Picking on 3 I think are over-priced.

Combined market cap £750 million

revenue £6 mill

losses £32 mill

And the BBs think those companies are way under-valued. lol

[superg1] 11/11/2014 18:22

More re Cosayach in a report today. (google translate)

A nonexistent firm Cosayach Nitrates Europe, iodine sold abroad with false invoices. Fictitious sales to related companies kept multimillion losses are realized. They bought the goods at throwaway prices and sold to others in the same group, in amounts impossible to justify. Nine people are facing charges of tax violation, reviewing their assets and possible seizure of accounting. One, the owner, Francisco Javier Errazuriz Ovalle, son of Fra Fra. Libel is published by The Online Clinic.

Exist to sell iodine in Europe, false invoices, using partnerships with multibillion-dollar losses to reduce taxes, among other series of alleged crimes committed by the group of Francisco Javier Errazuriz Ovalle (son of Fra-Fra), Business is what contains the complaint last week accusing the IRS filed a tax loss exceeding $ 48 billion.

According to the pamphlet published by The Clinic Online, Cosayach Nitrates Europe (CNE), "is a company that does not exist", as stated in the service John Porter Cabezon, manager Export Atacama Chemical other companies of the group and the largest exporter.

"There is no legal quality is a fancy name. The owner of the domain of the merchandise (iodine) is Atacama Chemical "Porter said.

He gave an example of its operations and which the IRS would be fraudulent. In 2006 a problem with a shipment of iodine "no traffic" was discovered in Panama. The latter went to the United States, but not sent, because the Americans said they would not pay the goods. Then into Europe, created CNE. Iodine reached the port of Antwerp in Belgium, before being sold to the Norken firm, which took him to Holland. Invoices issued were wrong, and even continued the practice between 2011 and 2012 where 77 papers were included in the accounting books.

In both come under SII anomalies that were sold in the same period of time, loads of iodine were not available for sale outside.

Vampire Societies

It is not unique. For example, the group would have used the National Housing and Construction Company for the tax break. It happens that the latter in 2010 had tax losses of more than $ 1,500 million, a similar amount in 2011. The following year they were over 270 million.

Another similar feature is Holding and Trading SA Over the same three years has nearly $ 1,200 suits. Frater holding, nor does evil. Between 2010 and 2012 also adds higher losses of 1,200 million. It follows CIDEF which last six years in recorded tax losses ranging from $ 3600 to $ 28 billion. Taking only between 2010-2012, the sum is greater: nearly 60 billion dollars in losses.

Well, the SII found that to use these companies and thus reduce their tax burden, performing "simulation of trade".

The matter would have worked well: the company producing iodine Cala Cala, selling the product with minimal markup to companies of the same group that acted as intermediary. It is CIDEF Commercial, Frater Holding, Holding and Trading and National Housing. The latter, in turn, sold it to an exponentially higher price (bordering 160%) at Atacama Chemical artificially increasing the price of the product.

So, to go through the loss-making enterprises, profits disappeared and then received millions Atacama returns.

IBS requested to be subpoenaed as defendants Antonio Sepulveda, Eduardo Viada, Francisco Javier Errazuriz Ovalle, Eliezer Fuentes, Carlos Contreras, Emilio Sarantini, Guillermo Rodriguez, Gonzalo Mora and Hernan Landry. As witnesses to a number of employees of the group companies to explain who ordered evasion.

Also, the IRS requested that they seize the accounts of each of the companies, so that by the Brigade of Laundering of IDPs are being analyzed as a heritage survey is conducted with a view to returning it evaded .

[square1] 11/11/2014 18:11

Like many small caps there is a total lack of volume. Bored PIs are selling small caps and Insts are spending their cash on large caps. Won't stay like that forever but just look at the fall in most small cap volumes

[monkeymagic3] 11/11/2014 18:04

Stevo- it applies to anything, including Tesco.

He paid a high price and received poor value.

The statement stands.

[neddo] 11/11/2014 17:52

dead in the water

[stevo2011] 11/11/2014 17:25

He might want to apply that to tesco