Iofina Share Discussion Threads

[brucie5] 05/2/2015 09:49

Looks very much like a double bottom to me. Price not moving below the 30p floor. If so, we have a range of 30-40p, between which the price is likely to be squeezed until one or other gives way. I bought back to early at the late 30s/40p level. It was a false break out. But I'm hoping for revisit before too long.

[superg1] 05/2/2015 08:01

Round 1 is complete in RB energy (31st Jan), just waiting to see if there is a going to be a round 2, which has an end date of 27th March.

More on that some time if things develop.

[hurricane.] 04/2/2015 22:15

Self inflicted by the management unfortunately it seems.
From one extreme to the other. Strategic review months late.
The company have the cash to bring opex under $20/MT

[superg1] 04/2/2015 22:09

I think assuming there will be no strategy update pre the hearing is the wrong call.

There is a supply it's seems blatantly obvious but it's orderly with someone soaking it up. I just watching for a sign that it's finished along with watching a few others bits and pieces.

The date for one of those 4 days back (not iof) so hopefully something will appear soon.

[albanyvillas] 04/2/2015 22:05

this one still rubbing iodine infused salt into investors bleeding wounds

[woodpeckers] 04/2/2015 21:29

The trouble is that we all know that there is unlikely to be any news until the water hearing so perhaps some people think that it is perhaps fairly safe to be 'out' until that time.

Give it another week and I think we will see the buyers return in readiness for the hopefully big rns that we have all been waiting for, (which I hope is ready to go and sat on Tom's desk} giving us not only the good news re water but also the plan the BOD have to take the company forward.

Not long to wait now.

[jbe81] 04/2/2015 19:21

IMO sells figures are a little distorted, for example small volume buys can appear as sells and any bed an isas will appear as sells. Just a lacking of buying keeping share price down. Any volume of buying and will be 40p in no time

[superg1] 04/2/2015 18:53

Just to demonstrate some figures to show why I think the recent market hits would and have affected things.

Up to mid Jan roughly the same amount bought and sold. Swiss franc and other chaos like Afren hits. 2nd half of the month near 500k more sold than bought.

More than that sold in the last few days.

I said I would wait until the dust settles re those hit, and closed accounts with SB companies. The dust seems to have come our way too, but it will settle.

Overall a few pence move on sells of over 1 million more than buys recently.

It could be that 60's buyer that bought over 1 million, it should become obvious when it's gone.

[superg1] 04/2/2015 18:35

Look at the volume once more, still a 'seller' and it follows on from the recent big hits in the market wiping a few out.

When the volume settles it may indicate the supply is done or decent news and some buying may finish it off.

Either way all about timing, as someone looking for 30p may find it's 34p and higher in no time on little buying.

Daft prices imo but that's the way it is in the market at the moment.

[trav5] 04/2/2015 18:16

The bottom line is IOF is still not making money and I suspect 2014 will show another loss and the production IMO was a massive disappointment on their 2013 projections hence why the share price is less than half what is when they started the much delayed strategic review. The water which is supposed to be non core now seems the only feasible option to raise the necessary funds for any expansion, however, I do not believe they should expand until they can clearly illustrate that the 6 existing units are profitable and the market seems to refect these concerns.

[magwich] 04/2/2015 18:05

If in two years we are not at least treble this share price i shall begin to worry?

[muffster] 04/2/2015 18:02

Poor show this. If water news delayed or not feasible, likely to keep falling.

[stevo2011] 04/2/2015 17:52

Ridicule this won't move back up until institutions move back in , and I can't see this before a strategic plan / review is announced to the market , obviously water could see a big spike dependent on options selected (assuming the award as expected)

[ridicule] 04/2/2015 17:39

Whichever way I look at Iofina I am very disappointed over the share price. We should all be concerned that, given water was/is supposed to be a sideline, the shares should not be sub £1 if all the much appreciated expert opinion on this Board is correct.

[magwich] 04/2/2015 17:02

Mentions Iofina

[neddo] 04/2/2015 16:34

red finish again

[superg1] 04/2/2015 16:17

Wooly

I think he had just invested in one hot water supply outlet.

Yes he fears his business will be gone that's why he complained and he is right.

No tears for him though he has 8 permits and over 1200 acres of land at the last count, giving him a land asset of over $1 mill anyway, so he will be able to afford to keep the heater on.

I understand he is not Mr popular.

[odvod] 04/2/2015 13:20

They mostly settle these days and it is not public. I assume there will be a deal (for the peanuts I hope). After the hearing. This is not in a court.

[woolybanana] 04/2/2015 13:14

Presumably, as there has been no news on the water other than the objection which set off a regulated process, the old man who is trying to block the Atlantis project to preserve his somewhat shaky water delivery business has not withdrawn or been bought off? Or would that be announced only at the hearing?

[naphar] 04/2/2015 12:06

Yes, but also 50% of the water business, and not just a share of one permit.

[bobbyshilling] 04/2/2015 12:02

nap, also included 50% of Atlantis I think.

[naphar] 04/2/2015 11:50

Seemed very cheap to me too bobby, but lets not forget it was for a lot more than an 80k bpd permit which may be all that is on offer this time around.
We will just have to wait and see to know for sure. That said I am hopeful for something of that magnitude, potentially more.

[bobbyshilling] 04/2/2015 11:41

Bogg1e 4 Feb'15 - 10:56 - 29384 of 29386

'Hurricane, at least we know that they have water JV contracts on the desk'



They may have, and some expect a JV, but how do you know that for sure, or have I missed something?

HAL offered $15m last time - seemed very cheap to me.

[hurricane.] 04/2/2015 11:32

On the positive side the water hearing is only 10 days away !