Iofina Share Discussion Threads

[superg1] 13/5/2015 21:06

There was this today, which we already know.

Industrial Minerals

'RB Energy bankrupt after zero offers for lithium and iodine operations'

The market's lack of interest in RB Energy's lithium and iodine assets has forced the company into bankruptcy.

RB Energy Inc. has entered bankruptcy proceedings after failing to find a buyer for its lithium and iodine assets. Company CEO Richard Clark has resigned, and the struggling lithium junior’s other three officers have had their contracts terminated, according to an RB Energy press release

[monet] 13/5/2015 19:45

The date was 11.5.20 at 12:37 so old news

[superg1] 13/5/2015 18:18

Crazy

I think I read that yesterday. Not looked today but it was saying something like is it time to buy IOF, then mentioned about probably best to wait for news.

It is said shares were tight, and Monday helped release a few up, but now probably tight once more.

[crazycoops] 13/5/2015 18:03

Mike, TMF = The Motley FoolIn the ADVFN news section there is a link to the article. I think it might have been what caused the spike this afternoon.

[beeezzz] 13/5/2015 17:46

Fest....Sadly your not the first and you certainly won't be the last...Ha the quickest way to loose friends.

The reason I brought these was when I sent a list of companies to a financial journalist friend, he subsequently asked a fund manager he knew, he said that the US was trying to become self sufficient in hard commodities, so they could avoid dealing with dodgy Governments and Countries. Where I made the mistake unlike my friend is taking my initial stake and just playing with the profit. GREED can be so bad..

Anyway I've gone off AIM stocks altogether, and would never invest in any that are not making a profit.

[monkeymagic3] 13/5/2015 17:25

Fest - You may not be a millionaire but certainly win the prize for most ignored and highest performing IOF "tip" (and its a "proper" company to boot!).

[festario] 13/5/2015 17:00

Beezzz, no sleepless nights, and I am certainly not a millionaire. Far from it.
But, luckily my odyssey here was financed out of the great performance of my main shareholding, GVC. So I haven't exactly lost the roof over my head. Other family and friends though, were not so lucky and I bitterly regret ever mentioning IOF to them.
I only have myself to blame for any losses, and it is a salutary lesson for me to never invest in a company that has no cash flow, no proven sales and a sketchy business model.
It may come good, and I have added more shares in the 32p range, so any significant rise may yet result in my losses being reduced. That's my main hope these days.

[bazzerp] 13/5/2015 16:35

"It's just a delay y¨all."

Roll on June.

[beeezzz] 13/5/2015 16:26

Festario.....Few sleepless nights I would imagine, unless your a millionaire, all the same not a good position, let us hope things start to improve after results and bloody water permit saga is resolved, onwards and upwards.

[cyberbub] 13/5/2015 16:18

Haven't heard anything from Mr Big for a long time?

[festario] 13/5/2015 16:13

Beeezz, the 'last chairman' and I, are in the same boat!

[crazycoops] 13/5/2015 16:12

Tipped (sort of) on TMF - can be viewed via the news section here.

[beeezzz] 13/5/2015 15:56

Well I expect the last Chairman is hoping for an uptick... he must down £100k nearly, for me anything over 80p would be good.

[freddievas] 13/5/2015 15:47

Something's cooking. Water decision imminent?

[bogg1e] 13/5/2015 14:54

Ha! I will never do the spreadsheet thing again, too many moving and changing parts. Evrything is swings and roundabouts, we had a couple of years of up when it was too expensive, then a couple of years of down, culminating in now, with a share price that is undervalued relative to the market. We know all the good stuff lies ahead, we know theres little reason for the share price to fall further given the more optimistic newsflow expected this year. So why shouldn't the share price climb again? And relatively rapidly over the medium term?

[tackems] 13/5/2015 14:54

Do they really call HE's 'Justice' in the US?

[uppompeii] 13/5/2015 14:46

Have you got the spreadsheet back out Bogg1e?

[spike_1] 13/5/2015 14:16

Agreed Fest - let's just allow the share price to move stably and realistically, hopefully without too much speculative trading.

Best wishes - Mike

[festario] 13/5/2015 13:58

Pack it in Bogg1e, look where that got us last time.

[bogg1e] 13/5/2015 13:47

Oooh, someone voted me down on the share price prediction. Naughty Netters? Was it you? OK, we are at about 35p, but with the market reassured that stable and predictable growth is now occurring (plant extraction stable, IOC growth stable, revenue growth stable), the market confidence seen in 2011 and 2012 will return, more cautiously this time around, but it will return. If water usage is slashed in Chile by end june, the iodine price rise will boost future revenue predictions considerably. If we get the water permit, the extra revenue stream will delight the market anyway. So here goes, 35p now, by mid august 70p, by year end 140p.

[bogg1e] 13/5/2015 13:40

Under most constitutional laws, the sale of resources to the people of that country is unlawful (as opposed to illegal, which is statute law). Under UK law, for example, water is sovereign to both the nation and the individual and therefore belongs to both, but this law has been undermined by various statutes (legalities) that enable the privatisation of water so that a bottle of Buxton spring water can sold to the public at a profit. Same applies to oil, gas, electricity (if produced from that nations resources), etc etc.

[neddo] 13/5/2015 13:14

of course , no American company would sell other countries resources back to the indigenous population of that country , selling it back to the Indians contradicts his argument, as he is not indigenous himself to America ?