Iofina Share Discussion Threads

[roboben] 04/11/2013 17:08

eeza - look at the broader picture of secrecy within the iodine industry. Iofina have said themselves that they used to disclose too much information and it was to their disadvantage. They have learnt their lesson.

They have stated in the last release that IO2 is producing at full capacity, anyway. "Large, productive brine flows which exceed current IO#2 capacity " [Granted, it's by implication, but it is there!]

If your shares are in ISAs you shouldn't be worried about day to day price movements. You should be looking years ahead. I see nothing to cause you concern if you do that.

Anyway, gotta go!

[eeza] 04/11/2013 16:43

Witholding price-sensitive information is illegal. It is information that s/hlders (who actually own the Co) are fully entitled to receive. It should not be in the BOD's remit to pick & choose which pieces of info to reveal - or hide.

Would you say information regarding IOF2 fully producing (at long last after 10 months) is price-sensitive? or not?

It's high time the BOD here treated S/hlders responsibly. A lot of peeps here have their ISA's & Sipp's invested - i.e, read their futures invested here.

[bogg1e] 04/11/2013 16:32

I think "under the radar" still has some justification to it, so if we don't get ppms etc thats ok. But to keep the share price bouyant we do need the BoD to keep the market informed of any update in productivity, so im hoping an RNS is forthcoming when IO3 is operational, even if they downplay the daily/weekly/monthly output.

[eeza] 04/11/2013 15:50

"Below the radar" is becoming a VERY convenient excuse for underperformance & witholding price-sensitive information form S/hlders.



Too cold.
Too wet.
Too windy.
Too hot.
Somebody (Lol !!!!!!) mixed oil with brine.
Somebody (Lol !!!!!!) sent the wrong brine.

When all other excuses are used up - "we want to stay under the radar". Completely ignore the fact that Lance announced twice that IOF were going to rule the Iodine market. Forget the "PIIIIIIng" that was coming in September when IOF was going to come out from under the covers & show the opposition what we had.

It's all starting to sound like total B/S.

[roboben] 04/11/2013 14:38

Sorry, Boggle, I wasn't talking about the distant future, I was talking about now.

There's clearly no willingness on the part of the market to price in a realistic amount for future developments. Primarily, I suspect, because of the delays and problems experienced over the late spring and summer - even though those have all now been resolved!

We're just going to have to live with that for a while, whether we like it or not. Clearly someone relying on share price movement in order to eat is going to feel the pain and frustration more than most, and I do sympathise - not a nice position to be in!

Nevertheless, the market will do whatever it pleases. As an investor, all I can ask for is a quality management with a coherent plan being skillfully executed. It seems to me that we have that here! Part of that skillfull execution includes staying below the radar for now whether we like it or not. It
really is necessary if shareholder value is to be maximised in the medium to long term.

The frustration may continue for a few months (then again, it may not!) and figures (or, at least, the figures that some want) are not likely to be released before the FY 2013 figures are released in April/May IMO. (But, I could be wrong about that, too.)

For long-term investors this really should not be a problem, but it should be seen as the best way to proceed.

[everybodywangchungtonight] 04/11/2013 14:24

SG
Are you in PRG yet?

[everybodywangchungtonight] 04/11/2013 14:20

Has anyone allowed for potential further delays from this line in the RNS?

.......'has now been fully commissioned and is ready to accept brinewater upon final approval from the well operator'

EWCT

[bogg1e] 04/11/2013 14:18

Rob, we get it, a few years down the line i think £70 per share is possible (If we don't get bought out first) its waiting for the wider market to catch up which is the issue :-)

[roboben] 04/11/2013 14:08

Come on guys! Get a grip!

SG has laid out enough figures to decide whether the share price is realistic or not.

Each IO plant will add value to the share price at a variable rate because the production figures are likely to vary considerably from plant to plant. Someone, I seem to recall thought one plant may be worth up to 80p on the share price. The may be at the extreme upper end but is 50p per plant too unrealistic? I think not, but you may disagree.

Let's do a "back of the envelope" calculation. Let's take IO2 & IO3 as being worth 50p each to the share price Let's also take the rest of the business already in operation (Io1, recycling, IOC and anything else I've forgotten) as worth another 50p per share altogether. That gives a value per share of 150p. It also means that every future development (all future IOs beyond number 3, water, plus anything else) is in the share price at less than 30p currently. Does this look over-valued? Not to me, at any rate!

(With thanks to the person who first set this out. You know who you are!)

[bogg1e] 04/11/2013 13:59

Yeah my position is not dissimilar. Good luck :-)

[bogg1e] 04/11/2013 13:40

Jamonit, fair play. So are you waiting for end of year? See where we are up to and hopefully including IO6?

Net, fairly eclectic, like you i have a penchant for the fall. I do like weird and wonderful music, like Zappa or King Missile. My fave band and singer? The Cocteau Twins and Elisabeth Fraser. What a legend that woman is :-)

[n3tleylucas] 04/11/2013 13:11

this guy is good...

[bogg1e] 04/11/2013 13:10

Jamonit, i see your point. But look at the climb in the share price on the back of IO1 and IO2 up to 250p, in spite of low output from IO1 (being a test site) and delays with IO2. Now, at 75p less, IOF is actually in a much better position than at 250p!! Im assuming the market needs an optimistic production update to set the share price going again, but this is the stock market after all and she is a fickle biatch!!

[bogg1e] 04/11/2013 12:50

SG cheers, Shame about the recent hiatus of news, i guess that we wont get an update now til IO4 has the towers and commissioning has started there. Although i have given up on the idea of getting enough info to calculate the production of IO3. Im sure the update will be something like, we have started production at full capacity (in bpd terms) at IO3. I doubt whether we will get ppms etc. Still i don't think the market is waiting for much news before pushing the share price higher. We just need to hear officially that IO3 is in production. That will do it.

[johncsimpson] 04/11/2013 12:49

Good posts again here . . .

Lib - yup I've since seen the Simon Cawkwell 'ramp(s)'. Perhaps now that he's finished with Globo he'll inject his 'practices'(dark or otherwise) at NBU. There's a short term resistance in the 89p area which it has failed to break through and would appear (at the moment) to be heading back towards the 60p support level - it will be interesting to watch and see how it pans out.

A good little documentary vid on carbon capture storage and EOL (enhanced oil recovery) in the link below. Useful general knowledge re Iofina and also Igas who I'm also following.



As I've said before with ge.tt, (that's the link site) there's no sign up routine so you won't be inundated with nagging emails etc. - just download the file by pasting the link into your browser.

[superg1] 04/11/2013 12:40

Boggle

100's of millions of years on it's not so easy, and obviously with so many samples, high and low, eventually with more jigsaw pieces, the picture expands, you can match it to 3D data to your samples.

It was a baked-bean jigsaw at the start, but now I imagine discernible features, make it far easier knowing where to go looking.

[dcgray21] 04/11/2013 12:37

Pidgeon1 - As i am in the process of transferring a chunk of my pension into my SIPP , i am hoping there will be no update for 4/5 weeks :)

Logically having made the 700-1000 claim for FY13 , I would have thought an RNS in the next few weeks must come to maintain credibility with the market.