Iofina Share Discussion Threads

[warmsun] 28/6/2013 14:06

a director smallish buy at 150p

[worraps] 28/6/2013 14:05

.....High Noon, Titus?

[titus10] 28/6/2013 13:56

Edit: Sorry, fat finger repeat..

[titus10] 28/6/2013 13:56

Skylite (4128)
"The weight of evidentiary based research done on here and elsewhere about Iofina, the synergy between the BoD and shareholders, the collaborative sharing of information between all concerned stakeholders and buying early, physical shares and holding long, is the best insulation against market fast practices I can think of."

Well said indeed. I'm here and heavily invested in IOF because of the solid 'digging' and discussion of the fundamentals of this company, so I certainly don't think it's wasted, as Worrap may have assumed.

My point in post 4118 is simply that I find the rabid vilification here on moral grounds of short trading a bit rich, even if, sadly, not altogether surprising in a BB environment where a contrary view is treated like a fox in a chicken run and dissension from 'club rules' grounds for banishment.

Indeed, when I reported a technical alert for an Intermediate Sell signal in late May and then confirmed it, I took care to be as muted as possible with that in mind.

Continually reinforcing a view of what "will" happen can be dangerous to one's wealth, some find with experience, just as telling the market (which neither knows nor cares) what to do tends to be a waste of energy.

Stuff happens. "Events, dear boy, events", to repeat someone else's Macmillan quote here earlier. My technical approach merely seeks dispassionately to weight probabilities of a 'next event' in a price trail, free of opinions, conjecture & assumptions.

I'm most grateful if others can colour in the picture with 'reasons why', but the real impulses behind price action usually become apparent after the event and I've made a living for many years by trying to tune into the whirring of the clock just before it strikes in the dusty town square and the baddy draws his gun (can't remember the name of the film!).

[bogg1e] 28/6/2013 13:55

OK IOFs next interrims 17/09/2103, Im sure SG1 mentioned though that the audited books from the annual report in may 2013 would be released soonish thereafter but not necessarily according to an official release date. Have i got my facts wrong or missed something?

[rugrat2] 28/6/2013 13:32

Engelo ref 4138 and the IO#2 site comment. If you look back at post 1563 I put up a screenshot from the background to the recent Chris Fay interview which I believe shows early construction at the IO#3 site. If so, the portal frame shed looks like being about 80% larger than that at IO#2, so plenty of production floor area.EDIT

[testuser123] 28/6/2013 13:28

One last note on the whole refining thing. Dunno if anyone else was cusious but I did wonder how you prill something with no liquid phase (the process of prilling is essentially letting droplets of liquid out of a big shower head with the idea being that they have cooled and solidified by the time they hit the floor). Normally iodine sublimates (goes straight from solid to gas).

Turns out that if you mix iodine with sulphuric acid and heat it all up then it splits into a liquid iodine layer with a layer of sulphuric acid above it. Presumably that is the setup they will have at the top of the prill tower.

[bogg1e] 28/6/2013 13:09

Cheers - saw and corrected the errors! That's what happens when investigating two companies at once, which never seems to stop!!!

Thanks for the tipster thread, will give it a look.

[engelo] 28/6/2013 13:05

Bogg1e: there is a IOF Tipsters thread for non IOF shares :-)

[bogg1e] 28/6/2013 12:43

SG1 i think mentioned that IOF would be on the radar within a few months, essentially because when their figures are published, the incredible profit margins will become apparant to the wider market. If i recall correctly this date would be july 20th. Can anyone confirm this pls? Tia.

[engelo] 28/6/2013 12:42

testuser (4134) this new angle is just getting better and better. Thanks again.
Good picture of India's processing methods :-)

Looks like I02 is going to be a supersite: hope they've got enough land :-)

[bogg1e] 28/6/2013 12:29

Test, cheers. Integrated refining...i like it. Good move IOF. (sorry i wrote qfi - doh)

[testuser123] 28/6/2013 12:28

They're referred to as crystalisation towers (they're a single unit rather than a plant) but other than that yes. They are an integral part of the io plant design and the other plants will also have one each.

edit: correct re kentucky, that is also where the prill tower will be located (this is different to the crystalisation towers).

[bogg1e] 28/6/2013 12:23

Thanks all re spread betting.

To make sure i've got this right. Io2 in Oklahoma has a crystalisation plant (more planned) but iodine derived chemicals are produced at a company laboratory in Kentuck? Cheers

[testuser123] 28/6/2013 12:06

Not sure about the HI production but HI to KI has no waste whatsoever. The reaction is acid + carbonate = salt + water + CO2.

Also occurred to me that the crystals versus prills thing might be one of the reasons why we seem to have a lot of interest from India. Given the labour market over there if a company could save 10% on iodine costs by having someone stood next to the hopper with a stick to give the crystals a prod when they get jammed up I'd expect that they'd go for it.

EDIT: Engelo - like I say it's not so much about transport - the big deal out of distributed production is that it frees up capacity at IOC for the really complicated high margin stuff which cannot realistically be made without a proper chemical plant.

[engelo] 28/6/2013 11:58

thanks testuser.

The fact that we can offer the range of MUD, crystals and (eventually) prill will enable to respond to customers' needs more effectively. Yet another advantage over our competitors :-)

The spinoff from distributed chemical manufacture is less transportation costs for finished derivatives, although there might be a waste transportation cost to take into account.

[testuser123] 28/6/2013 11:46

Bogg1e - it's not like a normal bookies. The SB companies hedge all the bets you place by buying (or selling) the underlying security. For example if you go one pound a penny long on IOF then the SB company wil go off and buy 100 shares, that way if the price goes up a penny the value of their holding goes up a pound and they can pay you your pound profit. They make a profit by having their spread slightly wider than that of the underlying market.

Engelo - You are right on all counts. The mud is a new product but there are plenty of companies who are happy with crystals instead of prills (anything where step 1 is to just chuck the iodine in a vat of solvent).

My understanding is that the crystalised iodine is trucked to kentucky for processing by IOC. I didn't cover the distribution model in terms of the distributed production stuff, but given that we're talking bulk goods there's no reason why they couldn't be trucked directly from the plant to the end customer.

[worraps] 28/6/2013 11:43

Nicely put, skylite.

[warrensearle] 28/6/2013 11:35

You don't personally own the shares and its classed as gambling so tax free like you say they make their money by the larger than normal spreads you pay thus it doesn't matter if you make or lose money as long as you are trading regularly they make their spread - same way betfair exchange works essentially

[n3tleylucas] 28/6/2013 11:34

Bogg1e,

SB firms will limit exposure to loss by buying or selling the shares. They won't necessarily match them, as they certainly want a margin lol ... but they won't want to be exposed to massive losses, so they hedge. Sensible.

Bookies will also do the same trick with horse racing, they'll hedge if there's too much liability looming.

[skylite] 28/6/2013 11:33

The weight of evidentiary based research done on here and elsewhere about Iofina, the synergy between the BoD and shareholders, the collaborative sharing of information between all concerned stakeholders and buying early, physical shares and holding long, is the best insulation against market fast practices I can think of.

[everybodywangchungtonight] 28/6/2013 11:32

Warrensearle 28 Jun'13 - 11:26 - 4124 of 4125


Boggle when you short or long a share on spread bet the provider buys or sells the corresponding shares in the underlying market


_____________________________________________


So if that is the case, then to sell short on a SB the provider must have to borrow shares.

Someone has already posted that the lending out and borrowing of shares is only done by big institutions. Therefore is it safe to assume either:-

1. The SB provider is shorting blind (illegal) or
2. The SB provider is selling the 'long' positions of it's other clients?

Would appreciate clarity for my own understanding

EWCT

[bogg1e] 28/6/2013 11:30

The drop makes sense now. I get the connection between the leverage and the share price drop now. Phew.

[bogg1e] 28/6/2013 11:28

Really? Thanks warren. I thought the reason why sb's were tax free was because shares weren't bought. In the same way that if you bet on a horse you dont actually own the horse. Thanks for the clarification.

[warrensearle] 28/6/2013 11:26

Boggle when you short or long a share on spread bet the provider buys or sells the corresponding shares in the underlying market