Iofina Share Discussion Threads

[monty panesar] 18/3/2015 19:06

Wow. Doesn't look good at all for SQM. Another Petrobras type scandal by the looks of it. The workers will sense management weakness and probably go on strike to add to their woes.

I have forgotten what the latest is on the even more corrupt Cosayach. Don't they own hundreds of millions in taxes and also owe truckloads to a European Bank?

There must be a few multinational chemicals/manufacturing companies worried about the long term supply of their iodine right now. Especially as Chile is turning into a Banana Republic....or maybe has been one all the way along.

[rhwillcoll] 18/3/2015 17:57

The class action by SQM investors ......

[superg1] 18/3/2015 16:58

Well if things are on track with decent Q1 production then it seems daft to languish down here. However we get it but the market doesn't.

I look at some on 100's of mills MC and no revenue, then some with 100's of mills of revenue and below £50m MC, it all seems nuts, because it is nuts.

Another has an MC of about £6m but has 10 potentially lucrative products launched.

What matters is if funds are buying or selling.

If we get the permit and a decent Q1 then the funds will be buyers I suspect.

What I like about the SQM situation is that it's all triggered from fraud. Unfortunately now the new CEO is at some point going to have to tell investors exactly what has been going on re iodine production, so that lie has yet to officially surface.

[jbe81] 18/3/2015 16:43

Now Superg if you could just predict Iof to double next week...

[alwilliamson] 18/3/2015 16:21

There looks to be a class action of investors going against SQM now. Their wheels are really coming off at the moment.

[superg1] 18/3/2015 15:57

The original short call was $31, and I meant to following sending details to the analyst. It was when he realised I wasn't suggesting they were lying, but showing him the lie from their own accounts.

I bet he and clients saved a few quid. He owes me a pint of Butty.

[roboben] 18/3/2015 15:55

y1phr - Ditto!

[y1phr] 18/3/2015 15:46

Just bought more and averaged down.

[joeblogg2] 18/3/2015 15:44

I don't think super shorts, I did try with IG but margin requirement was out of my reach :(

[woodpeckers] 18/3/2015 15:39

Trust you shorted it SG, you certainly saw in coming well enough in advance! :-)

[joeblogg2] 18/3/2015 15:36

Now SQM down 30%. Could have a long time to rebuild its credibility.

[joeblogg2] 18/3/2015 15:32

If I didn't have too many IOF already I would be buying more, so surprised to see us down .

[awolagain] 18/3/2015 15:30

Well it's all playing out now...I do hope the employees speak out and get better conditions...I do hope the directors get whats coming to them too...I do hope the annalists get whats coming to them too! Game set and match.4
Down 25% as I write

[superg1] 18/3/2015 15:10

Now SQM are dropping to their knees I wonder if the mining employees will now have the strength to take them all re all their poor treatment. The were too frightened to complain.

[superg1] 18/3/2015 14:56

My guess is the edge has been taken off their exciting announcement to be made at the AGM.

Unless of course the announcement was to be that they were to be escorted to and from the meeting by riot police.

[joeblogg2] 18/3/2015 14:28

It really could be IOF's year with SQM losing credibility and their rising costs!!!

[superg1] 18/3/2015 14:25

$250k on a note, something like that.

The potash trio should have followed this thread and they would have said the below a long time back.

A very strong statement make from 3 that were on the BOD.

"Chile today does not have the conditions for the company to do what it has to."

As we said they have no back up plans as they intended to move.

[joeblogg2] 18/3/2015 14:18

If I read correctly some of your posts super. did they raise some cash recently as a war chest??

[superg1] 18/3/2015 14:15

The hint at other problems isn't a surprise at all. Yes I think there is serious trouble ahead for them.

Now let's see if end users start to panic and build inventories just in case.

[joeblogg2] 18/3/2015 14:13

Not sure what other libilities are but don't have long term debt??
Total Current Liabilities 722,635 609,093 629,303
Long Term Debt - - -
Other Liabilities 1,458,437 1,494,447 1,279,306
Deferred Long Term Liability Charges 154,295 125,445 98,594
Minority Interest 55,621 54,663

[joeblogg2] 18/3/2015 14:11

super if potash own 23%, then SQM could be in for a very rocky road ahead? Could they conceevably go out of business as I can see they have a lot of debt??

[superg1] 18/3/2015 14:06

OH DEAR.

The potash corp 3 directors have resigned. Potash hold 23% of the company