Iofina Share Discussion Threads

[superg1] 25/2/2015 16:04

Fresh

Not so much where they are but what wells supply them, one well can be very high ppm and another very low in a small area.

6 is a good un I hear, 5 the poor cousin.

I believe brines can be redirected, I suppose it's a case of working with the operator.

We know with IO4 lack of brine was fixed by adding a booster pump.

[freshvoicem] 25/2/2015 15:45

Super Re 30295

As you say George and co put the plants in the wrong places, but how far from the good places were they? On the map io2-io6 seem reasonably close?
I assume the sweet area was/is known to the co. So not too far I hope?

[superg1] 25/2/2015 15:26

Awol

A bit weird as some offers have disappeared but there is no obvious reason where they went, unless there is an unreported buy.

The 73k appears at the open and close. Def a single bulk sell imo, I don't know if it has gone behind the scenes. The end of day L2 will let us know.

[superg1] 25/2/2015 15:23

I made it 4 woody lol. Stupid system the posting vote, even more stupid is that is loaded for up votes.

You can create 10 avatars and vote up your own post, but can't vote down unless you are blue.

Some numpty obviously thought it may increase paying subscribers, so they can vote down ???

I don't enjoy sitting on things found, but as this one would create a few 100 posts at least, and we have no idea if it will happen, then best to keep quiet.

But yes it absolutely affects any strategic review if they have it in mind.

There is something very ironic about it, which I will reveal should it become a relevant topic. You guys just don't realise potentially how clever one guy is, but neither does he.

[woodpeckers] 25/2/2015 15:13

LOL! Great to see there's still a sense of humour on this board!

[awolagain] 25/2/2015 14:50

SG

How is L2 looking this afternoon....did we get rid of that 73K yet?


Thanks

[woodpeckers] 25/2/2015 14:45

Careful, SG, you'll have the "thumbs down brigade" after you! ;)

[superg1] 25/2/2015 14:31

Woody

They are not waiting on water news for the review.

[woodpeckers] 25/2/2015 14:30

Sounds like your research just gives you the ability to be a little more patient than the rest of us! :)

[superg1] 25/2/2015 14:22

Woody

To follow the route found would be a big change and from where I'm sitting fandabbydozy.

However I'm not over there and don't know what it all entails form costs to insurance and liabilities etc etc etc.

So I sit waiting to see if there are vague comments in any future news that may point in that direction.

As I say I can't ask outright what the answer is, as if it is being pursued they can't tell me anyway.

So I sit here like others thinking arrrrghhhh give us an update, but I can see why 'things' may be under review.

Tom said it should be an exceptional year, it probably would be if they are able to follow the plan I can see.

[woodpeckers] 25/2/2015 14:15

Fair enough, SG, you certainly do your research and as you say, I can confirm that you spot things before the rest of us.

I agree that things change in business, but at some stage you have to make decisions and make moves so I just hope they will do that as soon as appropriate and keep shareholders informed.

[dontshoutatonce] 25/2/2015 14:14

Hmmm! Interesting. Well done Sg. It's obvious you think about your research. I much appreciate all the work you put into this company and post it.

[superg1] 25/2/2015 14:09

Well in this debate I will throw in once more something that nobody seems to have spotted. I said that on OBT recently, and woody knows I was right, the entire thread had missed an important event.

The same goes here. I have spotted something that could potentially completely change their strategic review in one particular direction.

I have let the company know I have spotted it. I have suggested my view and the opportunity presenting itself, but I can't begin to understand what it all involves from a business point of view, but the potential if feasible, is exciting.

I also can't say, "what you going to do"? I can say it seems like a fab opportunity to me.

I believe they may need a JV with someone for that, and going on old data and rns comments, I can see where that could come from, it's right under our noses.

No I'm not saying what it is, but yes potentially it is an aspect of the strategic review, and wasn't a matter in play (to my knowledge) when they first talked about timings of a review.

In business things can change and you have to move with it.

I'm not saying what IT is. It will happen or it won't, if it happens, to me it's an exciting and unforeseen opportunity (by us).

TBH I would like some company comment on it, but then they may alert others to a potential plan. A plan which I don't know if they are pursuing, or have any interest in.

Hence I wait for an update, and understand why it may be taking a while longer.

[woodpeckers] 25/2/2015 13:57

SG, I think we'd ALL agree that we don't want them to "chuck a plant in to keep us happy".

What we do want though is an update on where their thoughts are regarding the plans for 2015 bearing in mind we are now 2 months in.

I appreciate that they may well be waiting on water news or to see how the price of iodine recovers but an update based on facts at hand with variables dependant on the outcome of certain factors would be preferable to being kept in the dark.

None of us want them to issue promises that they may not be able to keep but it feels like we could be waiting forever for our 2015 strategic plan at this rate.

[iofra] 25/2/2015 13:55

I understand all of that but when the company make a statement to the market in November that they will update the market on their 2015 plans and 2 months into 2015 they haven't, for what may be sound reasons, then many investors without your detailed knowledge may not be so assured.

[superg1] 25/2/2015 13:52

Rid

I should add in that funds really don't want too much info out there, neither does the nomad.

That's not my view that's the view of various fund connected guys that I do have comms with, and about 10 CEOs I have spoken to.

Every CEO I have spoken to tears their hair out re nomads. A CEO may demand a release for the reason you state, but nomads will release or block as they choose, maybe depending on circs they are aware of.

I have spoken to CEOs at various times saying how mad it was not to mention X. Then you find out they aren't stupid. They do include such points in the release, but the nomad removes it, and releases without certain info.

I know for sure that a nomad refused to release something and the CEO said, "If you don't the investors will find it and post about it". The nomad laughed, knowing better.

After the various posts within days on ADVFN the nomad was forced to do an rns.

I can see a deal has more or less collapsed on one share, and well evidenced now. The nomad refuses to speak to me, and the company won't reply, they know I'm spot on. They haven't released news either. The share price dropped 70%, still no news came.

I give up with that lot, the market is a crock, you just have to get on with your own research, and understand that CEOs are often just as infuriated by the lack of news releases as PIs are.

We are pests, we are vermin to most funds and nomads. Some companies like PIs, most don't.

The investment world is for the rich to get richer, by all preferential means available.

The above is the reason for the line I picked out. Good solid posts BTW.

I would love an update but having spoken to many over the last 4 years, it's generally not the company you should be frustrated about but the nomad.

We'll soon see if numis get the boot, as in terms of service so far, it's been abysmal.

Nomads go for small caps for one reason only, fund raising and the connected fees. What the company does, isn't too much of an interest.

[superg1] 25/2/2015 13:32

Iofra

re

One of the difficulties with the perception has to be from the November RNS.

"So here we are 2 months into 2015 and there hasn't been an update of plans for 2015."


eeerrrm Don't you think there has been a slight change in the market since then.

Shall we go through what oil companies were saying back then v now. I think they have changed their plans.

So IOF will want to know exactly where partners will and won't be drilling to choose the most suitable site.

That along with seeing what the next step is by SQM, are they happy to play the $30 game or will they take it lower.

By all means let IOF chuck a plant in to keep us happy, dump the cash in the bank, then hope SQM don't squeeze the market some more. Add in he necessary praying that the oil company doesn't have some plan to bang in wells all the area around the SWD you pick, using up all the brine you were to get.

George and co did that, and sometimes they didn't bother checking the ppms either

Very careful forward planning rather than guessing with fingers crossed.

[superg1] 25/2/2015 13:24

Alpha

And yes it shows the very little understanding of private investors and the market.

No wonder it's easy for the bears.

[che7win] 25/2/2015 12:54

Chesapeake impressive.

[pensioner2] 25/2/2015 12:35

You are needed over at GKP Netley. They seem to have run out of bears over there.

[arlington chetwynd talbot] 25/2/2015 11:48

To argue the water is preventing the strategic review is akin to the tail wagging the dog. It is a nonsensical excuse for the latest in a long line of broken promises. You maybe closer to the mark by arguing the company has misled the market.

[che7win] 25/2/2015 11:46

Ridicule,
It would seem for the recommendations to your post that a lot of shareholders agree with you!

Maybe communications could be better, I don't disagree with that aspect, management have had to navigate through a year of falling prices and delayed water outcome.

I guess the strategy delay is partly because of this and partly because they want to get growth right moving forward.

I didn't think iodine would stay low for so long, it is likely now that iodine will move into a shortage as some suppliers fall back on capex or sell out.
If we had a higher iodine price, our growth rate would be higher.

I also didn't foresee oil falling so sharply, but I think US fracking is a lot more adaptable then OPEC members are. A lot of wells drilled are capped until higher prices.

Anyway, sometimes it's better to wait and watch rather than drive on through the blizzard, only my opinion but I accept your view is a valid view.

Perhaps the water outcome, the quarterly iodine production and pending full year results might add some light to what they mean by strategic growth.

One thing I think we agree on, the company are going to ensure sustainable growth from here.

[serratia] 25/2/2015 11:42

It doesn't bother me in the slightest that we don't have a stream of RNS's. It would be silly to put a review out before the water hearing is complete and then change the review.
I hold all paid for the long term. Half yearly updates are fine unless some material changes occur.If there are limited updates OK traders are in the dark, tough.If shorters appear so what it just gives people who do their research a chance to buy more.

[woodpeckers] 25/2/2015 11:39

I think there are two main jobs of a strong management team. The first is to show that they have a good long term goal for the company. In this respect our BOD tick the box.
"The Board is excited about Iofina’s future and is dedicated to progressing towards becoming the global leader in iodine and iodine derivatives."

The problem has sadly has arisen with the second job, showing that they are in control of the plan on how they intend to carry out that goal. They seem to issue contradicting statements. just one example, last September we were told “With the design completion of our mobile IOsorb® technology and the successful production of IOprillTM iodine,.....We look forward to updating shareholders on our continued growth, expansion of iodine production facilities and maximising shareholder value.” Yet in the same rns they say "Under the new leadership, the Group is focusing solely on current production at the six existing sites."

Until they know exactly how they intend to become the global leader in iodine and iodine derivatives and state it clearly, how can they expect investors to have faith?

Having said that I actually do so am prepared to wait, but I do think more clarity is essential if we are to get new investors.

[madchick] 25/2/2015 11:24

che - yes, I'm watching GKP with interest (I have a small punt level there at 93p, so still well down) wondering if there's anything to learn should IOF ever get a bid at some stage. However, GKP's RNS was coupled with news of a receipt of 20 million net, which also helped confidence no doubt.

A 60% rise looks great, but some folk no doubt invested anywhere up to 4 GBP or more - so not unlike how IOF could be in such a scenario (well, GKP is starting from a worse position, actually, in terms of share price differential).

GKP's a bit different though (apart from the obvious) because it has a history of rumours of bids and subsequent volatility, whereas we're not yet at that stage. It's all interesting to watch though to see how it pans out and subsequent reactions...