Iofina Share Discussion Threads

[monty panesar] 22/6/2015 20:50

He isn't a Director! He is retired.

[naphar] 22/6/2015 20:49

Fest
I get your point, but for the fact he is no longer a director and he is retired.

Not good timing I entirely agree. But he still has a large chunk, so as long as he has no plans to sell more at this stage, I can forgive him for selling those ones, given his wife is probably nagging very loudly right now.

[monkeymagic3] 22/6/2015 20:49

Perhaps he is decorating his spare room?

[festario] 22/6/2015 20:44

Under what circumstances would the Director of a 'growth' company sell a massive amount of shares, at a time when shareholder confidence is destroyed, and the share price is at a 4 year low?The signal that sends is appalling.

[1madmarky] 22/6/2015 20:36

His shares his choice

[monty panesar] 22/6/2015 20:36

More on the woes of SQM:




The JP shares were probably bought by one of the institutions that IOF were meant to be seeing last week as the price was steadily moving up.

[naphar] 22/6/2015 20:23

Up,
No, nobody asked, not unless in private conversation beforehand, and there was not much chance for that.
I wanted to ask Tom that very question, especially as he started the presentstion telling us why he is excited to be ceo of IOF.
But, he had to leave to do an interview before the q&a session finished, and I did not get the chance.

The optimist in me wonders if he bought Jeffs sold shares... somehow I doubt it, and fact is Jeff has sold some, we have no idea who to. On flip side, someone has bought, I hope if its not Tom, it is an insti

[roundup] 22/6/2015 19:24

Maybe Jeff thought with such exciting news being released at the AGM we, the owners of the company, wouldn't notice a mere 600,000 shares being sold.

[naphar] 22/6/2015 18:53

Cross

I said "I suspect IOC is not using more than about 300-360mt pa..."

So it was from no other place than my brain thinking things through to try and make sense.

What was said on the strategic inventory, was they need 100-140mt, but they can ge away with it dipping to 80mt for a short period. I doubt they could start with it at 80, some large buyers will audit as due diligence I suspect, we do in the business I am in.

[monkeymagic3] 22/6/2015 18:53

Up and rhwillicol.

Have you ever played Iofina bingo? There is a similar game a few here play on Private messaging called Iofina Excuse Lotto.

I'm doing ok so far, just need "Maybe he has transferred to a trust?" and I win.

[monty panesar] 22/6/2015 18:36

Only 200k shares traded Friday so could be off market deal done?

[che7win] 22/6/2015 18:27

As monkey says,
His timing is impeccable.

[rhwillcoll] 22/6/2015 18:25

Perhaps he just needed the money. He's still got plenty invested in the company.

[che7win] 22/6/2015 18:16

Mm,
Yes, maybe he was hoping for a bounce as the AGM took place, or maybe it is a deliberate timed exercise.

[uppompeii] 22/6/2015 18:05

His shares, his decision, he's not really going to do it for anyones interest aside his own is he?

[monkeymagic3] 22/6/2015 18:04

On the day of the AGM. Classy guy.

[monkeymagic3] 22/6/2015 18:04

On the day of the AGM. Classy guy.

[che7win] 22/6/2015 18:03

He didn't sell on the market I assume, new institution bought them?

[monts12] 22/6/2015 17:58

What a surprise

[che7win] 22/6/2015 17:54

Jeff sold 600k or so.

[che7win] 22/6/2015 16:39

That will have consumed some cash then.

[spike_1] 22/6/2015 16:31

80 - 140 is correct, and yes just about there as I recall too.

[captain_kurt] 22/6/2015 16:04

1MadMarky I recall Lance said they were there.