Iofina Share Discussion Threads

[serratia] 14/2/2015 12:50

w,

There's an in depth analysis by WShak on M..... F...

[woodpeckers] 14/2/2015 12:47

I've been invested in Afren since 2009, it was the second stock I ever bought. Luckily I sold my holding when news came out about the CEO and CFO's shenanigans. Then bought back at 30p and have since averaged down to 16p so with the current price at 7.25p I am considerably underwater.

Todays news that SEPLAT have been told where to go is the best bit of news to come out of the company in a long time, they were never going to offer a deal which would give value to shareholders, but more importantly them being shown the door is a strong indication that the company feels it can turn itself around and go it alone.

Afren's problems are not minor, but neither are they fatal IMO. This is a temporary liquidity problem which I think can be rectified with debt restructuring and a new strong team in charge. They have fantastic assets and Brent is now heading back up fast, there is no way the company is going bust as many would have you believe.

Risk reward at this stage looks very good IMO.

[superg1] 14/2/2015 12:43

They are a bit like Barder trying to run a bio company.

Tim the Ceo prior to the arrival of the sirocco muppets, knew iodine and told them the ALP would be eaten by corossive ions. Hence my comments re the ALP would fail as he was the source.
The redback no iodine experience team, knew best though.

No surprises then that they failed re lithium too.

[superg1] 14/2/2015 12:39

Mag
Having looked deeply into that the Sirocco plan was to package up and sell a productive iodine business, they had no interest in iodine, they just tried to generate a profit on the sale of it. The synergies re the acquisition of Canadian lithium was BS. They had 60 mill meant for gold in Africa and used it to switch to lithium where they continued to make a mess of it. The 'world renowned' redback team, as they call themselves have left a trail of failures and losses for investors. They don't have the slightest interest in lithium, it was just an attempt to follow a hot sector and cash in for gold in Africa.
I've had some recent exchanges with the company and Kpmg the court monitor re them. All legal stuff through a web of paper companies which creates confusion and hidden trails.

[magwich] 14/2/2015 12:05

Interesting

hxxp://www.stockhouse.com/opinion/movers-shakers/2015/02/13/despite-rb-s-teething-problems-quebec-prospects-look-bright-for-lithium-juniors

[escapetohome] 14/2/2015 12:04

Chewin 1130

AFR: Expected outcome just happened.Feel sorry for anyone suckered into it.


Share price closed up on the day rebounding 100% since your negative comment. Shareholders saying withdrawal of Seplat offer good news for AFR as proposal was rejected by AFR.

Out and out gamble in my opinion- I have no idea at all whether this will fold or double and pretty mucn nobody can say ' as expected' on this one.

[king_roster_iii] 14/2/2015 08:59

As you will know Netley but clearly forget, the tide of fast rising support will act as an attractor basin on any falling resistance.

[rogerbridge] 13/2/2015 22:24

I have been watching an article on the 10pm news of forest fires burning out of control in Chilie. Seems there is no let up the drought.

[superg1] 13/2/2015 18:31

Sqm
Interesting comments re the unions. I recall some story about the gov changing the laws to stop the way Sam and others have been treating employees.
Eg It's said Cosayach sack everyone about every 3 years to avoid pension commitments.

It will blow up in the faces of producers eventually and as you can see from mounting court cases, the worlds leading and previous no 2 Cosayach are facing some serious problems. The bosses are in some serious poop for a list of reasons.

It is possible that the iodine market over the next 1/2 years could descend into record breaking price disruption.

50 will do and it should get there naturally, but I can see 100 plus for a time if things go against a few in Chile.

Ignoring all that growth at IOF in the 30's is great too as when they get the tweaks in place we'll be under 20 opex and probably quite a bit lower.

[arlington chetwynd talbot] 13/2/2015 18:26

You mean I'm a poor chartist? Maybe, but I see the falling resistance as important, the fast rising support will be broken imho, this is a weak rally, not a strong one. Come back when I'm right.

[nickb] 13/2/2015 18:22

ACT
You are no chartist.

[superg1] 13/2/2015 18:22

There is no leak here of anything. It was just a daft share price imo supported by recent news. As stated almost daily there was a seller being dealt with in an orderly manner through a broker. The final figure of that one seller seems to be around 1 million. It started around mid January. Late last year someone was buying through Rowan dartington and that took us into the 60's. The amount they got was around 1 million. Behind the scenes we were guessing that may be the source. It may not be but it will be clear who it was soon if things get updated.
Couple that with loads of buyers waiting to get in. Hence I took a gamble that it was the 1 million seller and if right would end early this week. So for the first time in many months I added at 30p. Next day off it went, but luck generated through research.
There is nothing being said that I know of that changes anything materially. Perhaps others know different. I put it down to the daft price compressed by a supply. That ended the Bulls spotted the end and bought and here we are. Helped obviously by the belief of success re water. Although that's a double whammy as at this level it should jump on positive permit news or flush out some weak hands and provide others with cheap iodine shares.

Hopefully 800k are still short as that of things keep going will be a supply for profit takers.

Just to add folks have been watching this with a keen interest.

[arlington chetwynd talbot] 13/2/2015 18:16

The small rise today was interesting, it's either pausing for breath, or traders are about to take profits next week. Might be worth considering shorting this soon, watch it for now.

[freddievas] 13/2/2015 17:44

Hell of a call at post 29783 riducule. Prescient!

[nellyb] 13/2/2015 17:33

act, ffs don't give up the day job.

[hurricane.] 13/2/2015 17:20

Sorry your under water on tung big guy.
If your short have you tried heels ?

[ridicule] 13/2/2015 17:19

Timing is everything uppompeii. The past has never been a cast iron pointer to the future but, in my view, Iofina's time has come.

I am a value investor and, in the case of Iofina I concluded that it had high potential 3 years ago. I bought progressively up to £1.50+ did not see the commodity price collapse coming as it did, but continued to average down until now. My holding in Iofina is,therefore,significant.

I was close to losing faith about a year ago as I lost faith in the interim management who took over from Lance Baller, following his illness. Lance's return, with the accompanying management changes, came just in time to stop me triggering a heavy loss.

Investing is never risk free, but I hope this response describing my journey earns me the right to wish to be fully invested at this exciting time. If the water hearing goes our way, which looks highly probable, it will pave the way for the strategic review plan to be announced and I believe these two events will be transformational and start a re-rating.

I would also like to take this opportunity to thank the many excellent posters that have provided excellent analysis, in particular Superg1 and Boggle.

[arlington chetwynd talbot] 13/2/2015 17:05

There's a massive falling resistance coming, and a hellish rising support... careful lads, let's not get too carried away here;


free stock charts from uk.advfn.com

[festario] 13/2/2015 16:42

Hmmm! Just noted that my top up at 40p a few weeks ago, is back in profit, Nice!

[neddo] 13/2/2015 16:37

has the old guy through the towel in?

[angel of the north] 13/2/2015 16:34

That's the first blue Friday finish for quite a while! Sentiment changing or news leaking?

[che7win] 13/2/2015 16:20

in fairness,
heart was calling out a 10p move, he just got the direction wrong.

[uppompeii] 13/2/2015 16:19

"I would not want to wait for the RNS until being fully invested."

Seriously? You would be that reckless? With all that has happened to the share price these past few years?

[freshvoicem] 13/2/2015 16:17

Heart is the best contrarian indicator we have short of actual news.

[nellyb] 13/2/2015 16:13

heart, care to comment?