Iofina Share Discussion Threads

[festario] 17/12/2013 15:37

Dig, It would be nice (comforting?) to hear from the likes of Skylite, Supreme Mo, Battery amongst others.

[jackabite] 17/12/2013 15:34

ramu kumar

yes, I agree, very unsavory characters.

[diggulden] 17/12/2013 15:34

Who are his cronies ramu? I'm pretty sure everyone that has been here over the last 18 months has posted today, apart from SG of course.

[jackabite] 17/12/2013 15:33

escapetohome

a master stroke if I do say so myself.

worraps, fair comment but superpooh did claim to have their ear and he did state his research was flawless so is it really your fault when you see everyone else nodding feverishly at his claims and statements? no, if provides an investor with comfort and you also assume that with many different people agreeing there is a diversified base of investors all who have done the research.

Imo superpooh got away with doing the research on behalf of most here and they all allowed it as they never had the nous to question it. it's only when the wheels come off you see exactly what cause the de-railment.

[ramu kumar] 17/12/2013 15:33

Not a squeak from SG and his cronies......says it all, doesn't it?

[worraps] 17/12/2013 15:23

I have said twice already that I do not blame superg....I blame myself.

However, I do question what all that research by superg has gained for anyone, when freshvoice (respected poster), says in post 13066, "it appears he and others have been DELIBERATELY misled by some closer to the company". Surely, misinformation by someone close to the company invalidates the accuracy of the research?!

[escapetohome] 17/12/2013 15:22

I did try to warn that I didnt take any notice of so many PPMs = so many KG = so much profit.

- there are SO many other factors to consider than such a simple model.

Sold out this AM my entire holding from my trader account, around 38,000 shares, having reduced down from 100,000 sine mid year.

I maintain my SIPP holding in IOF.

Good Luck to you all.

And well done the bears and 'Baguette' for you probing questions.

[jackabite] 17/12/2013 15:19

rexmartel


I think you have that spot on...they are hoarding and not selling whilst the cash burn will be even greater. profits will slip in 2014 for sure imo.

[pugugly] 17/12/2013 15:16

rexmartel
17 Dec'13 - 15:02 - 13125 of 13125:

Re your comment "revenue and profits will slip in 2014" I have read the rns 3 times and cannot find. OR was this a comment in the Investec Note. Investec have been so far off the ball that I would not give their comments much credence. (imo & dyor)

Their price target along with the IC comments are (imo) responsible for much of short term enthusiasm hereand consequent grief when the timeline is seen to be slipping.

[festario] 17/12/2013 15:15

RexMartel, no such phrase exists in today's RNS. What is your game?

[qprjohn121] 17/12/2013 15:11

rexmartel
"Does the RNS really mean what it states re "revenue and profits will slip in 2014" or should it read "slip inTO 2014"?

You must be reading the RNS of a different company. There isnt a sentence even close to the one you "quote".

[jpsmithson] 17/12/2013 15:09

naphar I read about delaying sales in the hope of getting better prices next year on this board this morning.
So yes I agree it is not a company statement, I was commenting on a post earlier.
Because they have not given a reason will in my view be for negative reasons rather than positive. Why stop cashflow, doesnt make sense unless its been forced upon them for this unknown reason.
Doesnt look like we will find out opex for this year because of it as well....

[ramu kumar] 17/12/2013 15:09

dig, the question for most investors is do we tie up our money in IOF and hope it will come good in 18 months or cut our losses, free up your money.

The only way out is t/o - I think many investors are trapped and others have realised significant losses.

Even if IOF meets all the targets, shareholders have been treated so badly I doubt investor sentiment will be restored.

[rexmartel] 17/12/2013 15:02

Does the RNS really mean what it states re "revenue and profits will slip in 2014" or should it read "slip inTO 2014"?

[naphar] 17/12/2013 15:01

jpsmithson

This is what was said in the rns:-
"This is due to expected 2013 shipments at Iofina Chemical now being delayed into 2014. External iodine sales which were previously expected in 2013 are now expected to commence in 2014, resulting in an inventory build-up."

They have not claimed in the rns it is to get higher prices (unless I missed it), in fact they have not really stated why the delay. I suspect not selling internal iodine produced to the external market may be because IO4-6 are not running as they expected them to be when they said they planned to sell raw ioding in 2013.

It may also be the reason why 2013 chemical shipments have been delayed until 2014. There could be many other reasons, customer driven, low stocks of other raw materials. We just do not know, and they cannot explain everything in an rns.

[monkeymagic3] 17/12/2013 15:00

Deal in facts from hereon in and we wont go far wrong. The only negative influence will then be surrounding sentiment, something the BOD will now have to go a long way to recover given their performance this year. No point re-iterating to me the model etc etc, nothings changed etc. It has. Accept it.

Lots of optimists here which in itself is not an issue. Just take it on the chin, dust yourselves down, learn a few lessons and then measure the company on facts and actual performance. If they screw up again, I will be the first out the door.

We put false "value" on the "nudge nudge" etc because we wanted too.

I think a few more magnanimous noises such as that above from Dig wouldnt go a miss.

[diggulden] 17/12/2013 14:56

Putting aside all the hype, nudges, winks etc, one has to now assess the investment value of Iofina at the moment.

This is what we KNOW from official RNS's.

Current production from IO1-3 is in 'excess of 1,000 kilograms of iodine per day'.

That gives us a current run rate of in excess of 365MT per year.

On simple math, assuming IO9 is complete by the end of 2014, which is what they are currently planning for, that will give us production in excess of 1000MT per year.

That is the base that underpins the current share price. I still do not think we will be independent by the time we get to that stage.

Is there much downside from here? I don't think so, not now, the market has priced this to miss every target. Investec didn't use todays RNS's to lower their target, rather choosing to re-iterate their stance and a 230p target.

Netters, an apology from me, I have given you plenty of grief for your scare mongering over the last 12 months, you were right with most of your predictions, although I don't agree with the way in which you put your points across.

Harsh lessons for many here, if an investment case is too good to be true, then run the other way, quickly.

I think there is good upside from here, and having spent the entire morning reviewing what I know about the company, I do believe Investec's target to be realistic over the next 18 months.

[jackabite] 17/12/2013 14:55

ramu kumar

it would make sense if it was not so much fun watching them on their hands and knees looking for someone to blame lol

I mean, One minute nobody can get a word in for the egotistical maniac and the next thing the share tanks, he's exposed and they all blame anyone they can expect the might superpooh roflmao

Never mind, maybe when it hit's 60p they will see the light.

[jpsmithson] 17/12/2013 14:53

I dont think Ennismore or others had any inside information. The red flags had been there for all to see and they were getting worse each time.
On the AIM I notice that leopards very rarey change their spots so if one delay/failure happens you can almost guarantee it will be followed up by more, as has proven to be here.
The most worrying thing about this latest RNS is the admission of a lack of sales and building up inventory. I dont at all believe they are deliberately delaying sales to try to get better prices next year.

[ramu kumar] 17/12/2013 14:40

You know guys, we should just let SG and his cronies pat each others' backs on this thread and move over to the FJP73 one.

At least frog posts as he sees it without any arrogance or bullying or cronies like simpson or nudges or winks or PING!

[warrensearle] 17/12/2013 14:29

Scruts at least you have raised a smile from me today - moaning about the legalities of shorting "shares you dont own" when you trade on leverage the other way - sometimes x10 its exactly the same argument but the converse - surely you see that - I don't think you of all people can lecture on creating a false market