Iofina Share Discussion Threads

[titus10] 12/12/2013 17:19

Excellent down-to-earth post, frog1. Thanks!

[jonnyno1] 12/12/2013 17:17

pokerpearson, you will also note that shonny's modus operandi is to exclusively be negative, there is not a single post that is positive on any of the the very few shares he comments on. There is nothing constructive in what he says and never backed up by any facts. if you throw enough eventually it sticks. had the shares been £3 at this time, we would not have heard a squeek from shonny. id love to know who he and his group are paid by as you would never take out a premium account for what he posts!

[frog1] 12/12/2013 17:12

Regretting my purchase now as definitely too early. As SG points out, the primary problem is the decline in the iodine price which affects the whole sector. This is bad for all in the sector in the short term regardless of operating costs. It means reduced revenue and profit. There are other issues weighing on the share price though:-

1. A convertible loan was taken to speed up roll out. So far only a single site has been delivered and we don't know the production rate of that. It's not clear how this roll out is actually faster and whether the plan was properly thought through.

2. The longer the water permit news takes, the greater the uncertainty and I'm guessing the market views a higher risk of a bad result. This is beyond the control of IOF but increases uncertainty. This may be a secondary issue for the company, but I believe the market views it as more significant.

3. The delay in the roll out of the plants clearly causes a loss of revenue and profit at a time in its development when IOF need both and this is more of an issue than just not meeting expectations. It is not known what real costs are associated with the late implementation with knock on for other contracts and idle employees. To see what late delivery by contractors can do to a company, look what happened to Sterling Resources when their Breagh field was delayed by contractors in the UK that were out of their control.

4. The price of conversion for the loan is well above current share price When the loan becomes due, the lender will not convert unless share price is much higher and will instead call for repayment. This could give the company funding issues to repay the loan, especially if roll out continues to slip and the iodine price continues to fall.

5. We have no idea about the knock on effect of the delay for roll out. Will subsequent sites be delayed so the effect is compounded? Can they make it up on subsequent sites. When revenue is lost by delays, it is never made up until the end of production.

All of these issues are addressable, but the company needs to provide some hard facts to address them and show they are in control with a financial plan that can be met. Having said that, 'non-information' RNS's of the type that have previously been issued will only increase uncertainty and have already done more harm than good and it's better to say nothing than do that.

Until some information that gives a reason for the price to rise emerges, it seems to me that these issues will continue to depress the price and it's not due to MM manipulation.

[escapetohome] 12/12/2013 17:09

The market is in no mood to be optimistic.

In these sitaution hard and fast data will be need to avoid speculation, uncertainty and an undervalued share price.

[supreme mo] 12/12/2013 16:52

Some have very short memories. Chris Fay bought 30ks worth at 150 less than 6 months ago...People are selling in blind panic and not sure why tbh... since his purchase we have another fully functional operational plant with others not too far away. The iodine price fall is v good news for iof over medium to long term (as some mention) as it simply isn't commercial for our competitors to operate at cost or at losses. One of the best business strategy books I read about operating in declining markets talks about "being the profitable survivor". Ladies and gentlemen the smarter of you are invested in it. The longer the "low" prices continue, the greater the share iof will have later down the line as slowly but surely others will be forced to exit.All IMO. DYOR.

[n3tleylucas] 12/12/2013 16:51

Croc8,
______________________________________________________________________
Today Cupid finished at 74.44 to buy on IG, and IOF finished at 211.35. Let us pretend you took out a £10 per point long on CUP and I took out a £10 long position on IOF today. Who do you think will be better off in:

a) 3 months time - 17 Sept
b) 6 months time - 17 Dec
c) 12 months time - 17 June 2014

I firmly believe that IOF will win on all three dates.
_______________________________________________________________________

a) CUP 61.75 (-17%) v IOF 148.25 (-29%)
b) currently, with 5 days to go... CUP 58.25 (- 21%) v IOF 141.25 (- 33%)

You are heading for 0:2 mate...

[pokerpearson] 12/12/2013 16:51

I actually have SHONNY filtered however, after all the negativity aimed at him I have just read most of his posts going back to July and I have to say, he has called this correct pretty consistently. I suspect, as is usually the case in these matters, that the vitriol MAY be coming from those most underwater. I too am under water here having bought at £1.81 a few weeks back however, my holding is not life changing and so am able to wait for the worm to turn which I expect it too by the end of the first quarter next year.

[escapetohome] 12/12/2013 16:45

This recent share price performance is truly disappointing.

[iofra] 12/12/2013 16:44

SHONNY the Mandela Spirit has obviously missed you.

[shonny] 12/12/2013 16:33

£1.35 finish tomorrow I reckon. You rampers should admit you've got this one very wrong and apologise accordingly,

[phoenixs] 12/12/2013 16:30

careful croc. I think you maybe using words that his vacuous head does not comprehend.

[che7win] 12/12/2013 16:28

Croc,
he is attention seeking like the rest, read through his past posts, they are all similar and without and reasoning.

Now back to business, buy more of this or TPL, mmmm

[joeblogg2] 12/12/2013 16:27

What the hell is going on ??

[croc8] 12/12/2013 16:24

SHODDY, maybe you should remember that not everyone invested in IOF is a ramper, so your bile is aimed at normal, everyday investors just trying to increase their pensions or improve their lot. Your pleasure in other peoples loss is frankly disgusting and deplorable, which is very similar to other trolls who have infested the IOF threads over the past year or so. You offer no meaningful insight, only spiteful, destructive one liners.Hope you get plenty of enjoyment over the Christmas period wallowing in the discomfort of others. What a paragon of virtue you are.

[phoenixs] 12/12/2013 16:09

12300.
what a d..k h..d. get a life

[shonny] 12/12/2013 15:58

The drop to £1 is gathering pace. £2 by Xmas predictions looking a bit sad now. Oh dear. Rampers clutching at straws now with words like "if" "could" and "assume" cropping up in their desperate posts. I'm afraid they've been well and truly rumbled with their pie in the sky predictions. I wouldn't be surprised if the share price continues down past £1 in the looming market crash. Get out while you can.

[superg1] 12/12/2013 15:39

worraps.

Check 100's of posts, they tend to say assuming delivery. IOF stated what they would deliver and they have slipped behind so hopefully in 2014 they will get back on track while the Chileans are down.

If io2 and 3 are on full speed, the combination of 1 to 3 could see us knocking on the door of 600 to 700mt anyway, excluding recycling. That assumes delivery too. We know they had 50k bpd plus at io2 and 40k at io3, but plants are designed for 30k but may do slightly more.

[joeblogg2] 12/12/2013 15:34

another attack being carried out?

[worraps] 12/12/2013 14:45

Fingers crossed, c_k !!

[captain_kurt] 12/12/2013 14:31

worraps I'm expecting news before the xmas break

Lots of unanswered questions for IOF to clarify imo

I'm hoping they surprise on the upside shortly

[shonny] 12/12/2013 14:21

Any of the rampers still think that this will be £2 by Xmas? Ho ho ho and down we go.

[worraps] 12/12/2013 14:19

superg 12293

Your last three paragraphs say "So if IOF get themselves sorted in 2014, there should be a gap in the market to fill"

And, "If IOF deliver the Chileans more or less can never go down the 'we are increasing production BS again"

I have never known you to sound so reserved about IOF's prospects and delivery before, and I've never known you to use the word "if" before.....always "will" in the past. You used to sound much more certain of things.

Has something changed in your outlook.....or am I seeing things that aren't there? You almost sound subdued!

I'm used to bright and breezy and optimistic superg......I think you were intimating the water permit would be announced this week.....what's happening with that.....I think you were watching carefully all this week, weren't you?

I can't believe we're not going hear something good before the Christmas break, and there really does seem to be almost something mischievous happening with the shareprice today, almost intriguing, if it weren't so irritating!

Every time I stretch my finances to buy a few more....down it goes!

[woodpeckers] 12/12/2013 12:54

They're up to their games again, last trade 149.275 yet claiming it's 2.8% down. ;-)

[dontshoutatonce] 12/12/2013 12:52

Yes, and with the shenanigans of the large and small spread betting companies and their dubious practices that mislead and cheat, and their various states of denial, should they not be closed down altogether?