Iofina Share Discussion Threads

[hew] 25/6/2013 00:23

Some good cheer from the Board would be welcome, but I trust they will not be panicked into disclosing anything that could lead to compromising longer term gains. If there are golden nuggets, they won't disappear if kept secret and would still be there if it actually became necessary to use them for our defence. But they could rapidly diminish in size if the other parties we depend on become too "inquisitive". I have already highlighted the increased danger of that as the other side of the coin re narrowing our focus to a smaller area of super-hotspots.

Keeping our observers in the dark too is some protection against a premature pounce. If outsiders are unsure of how many nuggets have been collected they are more likely to hold off, at least in the near term when some are sensing our immediate vulnerability. IMO the magnitude of what could be at stake for a major is far more than the implications of a current price of 150p or 250p. That is the likely range potentially influenced by any early RNS. It would change little.

Yes to firm statements of underlying confidence, but nothing that will give away our detailed expectations and certainly not our collection of nuggets.

I could speculate upon several potential scenarios in more detail, but I don't think it in our interests to do so here.

[hitsha3] 25/6/2013 00:18

Hope fully Blue day today fingers crossed.

[warmsun] 24/6/2013 23:34

Nice one Lib, thanks for making me smile at the end of a tough day...god knows what tomorrow will bring us!
Also, Festario
"Finally, after my last 2 days of top ups, if my wife ever got wind of how much 'we' now have staked in IOF, I am a dead man, and a divorced one!"

You and me both...seriously!! :)

[the librarian] 24/6/2013 23:18

We did discuss that one last month 2magpies. Good to bring it up again though, for some reason Sirocco are really struggling and they only have 2 customers, big ones, but only 2!

That is in Iofina's favour by the way, careful what you post you may be accused of ramping :-)

[diggulden] 24/6/2013 23:15

Give the balanced view then.

Firstly that report is over a month old. The reported sales price of $55 doesn't clarify the quality of Iodine that Sirocco produce, but more importantly, our OPEX is $10-15 per KG, the sale price was $55 per KG, not a bad margin eh?

[2magpies] 24/6/2013 23:11

Iodine prices on the slide:

[diggulden] 24/6/2013 23:09

Believe me Fest, at points today, I felt like a lunatic.

[2magpies] 24/6/2013 23:07

"supreme mo
24 Jun'13 - 22:44 - 3612 of 3615 0 0

......................
Fundamentally nothing has changed with the company, the story and more importantly the growth prospects..."

Mr.Market clearly disagrees.

Mr. Market is almost never wrong.

[festario] 24/6/2013 23:03

Dig, I didn't call you a a lunatic, I said 'like a lunatic'
Thanks for the honest response.
You can't be a lunatic as you have more shares in IOF than you had yesterday.
As do I, but mine are worth much less than yesterday.
I never touch SB's. they are way too risky, although I was tempted as I saw IOF as a sure thing.

[hitsha3] 24/6/2013 23:01

I hold shares and i am staying here, i trust SG and his views, glad to get out of GDL and happy to be here. Things will be different in six months time.

[diggulden] 24/6/2013 22:58

Fest,

'Diggulden, you didn't cover yourself in glory today mate. During the steepest part of the fall you were baling out like a lunatic, with no mention of buying back. Then mysteriously you did and increased your holding??'

I note the question marks, but unsure as to the actual question. I posted today as it happened, with how I felt at the time. I won't lie, I panicked, could see clearly what was occurring on L2 though. Given the option of getting your positions at a lower price, I'm sure most would take it. I have apologised for any insensitive posts today, I got caught up in it all a little. First time anyone has called me a lunatic though!!

One thing I have learned today, spread betting is not for me, left me with a sick feeling all day. I know of others who have lost massive amounts today, on paper anyway, I play for pennies compared to most here.


Up,

Would enjoy a discussion on the herd and crowd mentality. Amazing how quickly you lose all grasp of reality so quickly, well for me anyway. Found myself questioning things that I have researched for hours and hours over the last 12 months. I would love to begin to understand the psychology of it all.

[pcjoe] 24/6/2013 22:48

Fishing out in the wilds in the highlands so missed today's unfolding story - fundamentals have not changed - I hold shares so not too concerned - sorry for all the stress to the SB guys etc - A& hope everyone sees a sharp turnaround in short order - can't think ot any reason why this shouldn't happen

[peterz] 24/6/2013 22:45

What a day - watched the first 3 hours and had to go out. My dreams of an eventual big bucks payoff towards a nice! house situated somewhere pleasant disappearing on the screen before me. I tested out selling twice (126 and 114) on tdw and was not allowed - thank God. Now thinking about buying some more. Fear and greed. Onwards and upwards.. My genuine commiserations to those losing money today.

[supreme mo] 24/6/2013 22:44

Still here, there may be snow on the roof but the fire isn't out...Feel for those closed out of positions because of margin calls... I'm hearing more and more that one particular company closed out many giving their customers little chance to react to top up funds to cover their positions.I think many learnt a valuable lesson from these spreadbet companies today. Fundamentally nothing has changed with the company, the story and more importantly the growth prospects...

[ramu kumar] 24/6/2013 22:37

I've learnt a lot from this board today, especially about SB/CFDs. Some of us like naphar & I refused to be closed out, funds permitting. The downside here is you can be sitting on a massive paper loss. There are others like Dorset and Digg who will close their positions and get in lower which is probably the best investment route but if everyone takes this approach, you'll be fueling the downward spiral.
Then there's Scrutable who tends to sail very close to the wind - one needs nerves of steel and a strong ticker!

Not sure what's the best approach and despite today's events, I still favour SBs to outright purchase purely because of the choice, flexibility and tax free gains.

[urbanyeti] 24/6/2013 22:35

So many positions have been taken out in this mornings carnage that there must be a big gap with few stops/ margin limits to get triggered. This should limit the downward momentum that could be achieved tomorrow & hopefully bring more stability.

[johncsimpson] 24/6/2013 22:33

My post 531 above - Some downtrend!!

I've been away most of today and sold the remainder of my Igas first thing this morning - I sold roughly half on Friday afternoon after my post above. Looks like a good move especially with the IOF mayhem. But I'll give it a rest until the dust settles before I make any decisions re IOF.

[freshvoice] 24/6/2013 22:27

Super
What do you expect for
'Unveil what they have near term'?


Is that days or weeks?

[johncsimpson] 24/6/2013 22:22

Well, I think after my post 3143 of last night I need to re-appraise my definition of interesting.

I haven't been able to watch the markets today apart from the first hour after which it (IOF) clearly did get 'interesting'. I would not have 'predicted' that. I have spent the last hour perusing the posts. Just about every emotion imaginable seems to have been expressed in one form or another. Even with my 20+ years of charting experience I have no idea what might now happen - tomorrow, I suspect, will be yet another nervy day.

Titus10 - just to acknowledge your request - I assume that the question you asked me has been answered / resolved by others but as I do not use Apple I would have struggled to help you anyway. I note you say that you too have a lot of years' experience charting and wonder if you have any thoughts.

[superg1] 24/6/2013 22:18

Fest

It's been a brutal market over the last week or so, no games, just forced sells I suspect, and I'll be here tomorrow, next week, next month and so on.

I'm also upbeat that IOF will start to unveil what they have near term. With all those rigs near io2 (27), sample testing for ppm's, and over 1000 wells going in this year on the new play, it's all new data, but obviously they have built a good picture as they have shift their focus for plants to NW OK.

[the librarian] 24/6/2013 22:17

Festario, no clique here, bit of wound licking but that dip was just extortion, still here with my original holding and working out how to add more, as are others I suspect!

[nevmyers] 24/6/2013 22:17

Festero

was like a herd of buffalo passing thro today many names I never seen before or want to see again, I cant see tomorrow being a repeat but who know, anyone shorting will soon be out when the price goes against them which will push the share price even higher, Its not nice being sat on a paper loss but its better than selling out and watching them rise off into the distance, worth the risk in my book, like madchick I have the real shares and my stoploss is zero so unless they go bankrupt the MM aint getting my money

GLA

[skylite] 24/6/2013 22:15

I can only re-iterate Fest what Sg and others have said. The story remains stronger than ever and new sis filtering through that the BoD are taking today's events very seriously and what they could do moving forward to raise the profile and robustness of the stock.

Much of today's volatility was senseless, a panic stricken contagion deliberately started however what doesn't kill you makes you stronger and I'm sure Iofina will bounce back soon enough.

[festario] 24/6/2013 22:07

Despite being on the wrong end of a shuddering paper loss here after today, I just wanted to say fair play to to the equally shell-shocked 'regulars' on here for coming onto the bulletin board later in the day.
I am sure that even those who were in IOF in the 25p days have done lots of 'topping up' in the last few months, and have averages higher than they would ideally like.
This means that even the very early people to this party have seen massive amounts of 'wealth' evaporate this last week or so.

But, it was very heartening to see SuoerG, Noli, Librarian, Skylite and some of the others appear here because for those of us who have not met them personally (yet), it took a away the fear that they are a 'clique' who may well have sold us down the river. It can feel that way sometimes. But its not the case obviously.
Now, despite sounding understandably subdued, you are all still around, and we await the roll out of IOF's plans as we have been promised.

Diggulden, you didn't cover yourself in glory today mate. During the steepest part of the fall you were baling out like a lunatic, with no mention of buying back. Then mysteriously you did and increased your holding??
Well done to you, but I wonder how many IOF small investors lost a fortune today and sold in panic because they saw you doing so? You are one of the 'names' around here and people will have followed your lead.

SuperG, during our emails last night, I suggested that 'dirty tricks' may commence if a takeover of IOF was being mulled over. I suggest that today was an example of it. Market makers are ruthless, they will seize on any opportunity to extort massive commissions from situations of uncertainty. They also do it to grab cheap shares for their clients and themselves.
I have never seen a one-day fall so steep in a company's share price, unless the company was close to going out of business.

Finally, after my last 2 days of top ups, if my wife ever got wind of how much 'we' now have staked in IOF, I am a dead man, and a divorced one!