Iofina Share Discussion Threads

[titus10] 17/12/2013 19:55

johncsimpson (13186)

Commiserations. So the "story" doesn't look so good now. Just hope you're not digging too big a hole with the relatives - not a happy situation.

With great trepidation, being aware how any inferences from price movements on a graph can raise hackles here, may I try and pre-empt hara-kiri by suggesting that, if you PM me on this board with a private email address, I will try to send you a plain chart or two by email? An accurate picture can be worth more than a few million BB words, perhaps, on occasions.

These will simply cut the cackle and give some perspective on reality since IOF price data started (on my platform) on 9/5/2008.

Fact is, the recent down-move since 25/10/13 is (so far) less than that on 24/6/13 from the intra-day high on 17/5/13, which registered -55%.

However, looking at the overall history of falls made by this highly speculative AIM share reveals that from 18/6/08 till 16/12/08 it fell pretty much in a straight line by 73% - and anyone buying the top from the subsequent recovery on 9/6/09, then bailing out at the bottom on 6/10/11 would have lost over 83% of their savings!

I'm not interested in joining the snapping and snarling on a forum when price disappoints, so anyone else seeking to engage on 'TA' will not receive a response, I'm afraid.

[woodpeckers] 17/12/2013 19:53

Festario 17 Dec'13 - 18:50 - 13201 of 13210 0 0

'Ramu, trust me, there will be a lot more than just you and I in that particular boat.

I wonder if I should buy shares in the UK's premier divorce lawyer's company?'



Or maybe start up a dating agency for widowed shareholders! I'm certainly going to be free if Mr Woody finds out how much our paper profit is down today!

Having said that I have no intention of selling at anything near this price. Mistakes have been made here without question, but I am going to stick around to hopefully watch those lessons be implemented . Nothing has been said today which alters the fact that this company has the ability to be very profitable.

I'd also like to echo the support for SG who has given his time and efforts to research here more than anyone.

[aja5] 17/12/2013 19:48

Was it any different to how many have behaved here today including you jack????
It never cease's to amaze me how people are so joyful about others loosing money,gloating in someone else's misery.....................nobody made anyone buy these shares or did I miss something ??
I have no position by the way

[supreme mo] 17/12/2013 19:44

Festario - 17 Dec 2013 - 15:37 - 13139 of 13205Dig, It would be nice (comforting?) to hear from the likes of Skylite, Supreme Mo, Battery amongst others.Hi Fest, still here - no wifi or 3g at home at the min. Fortunately (or unfortunately) whichever way you look at it, all my position here is covered down to 0, so I have no stop.losses in place.I know it's p'd many off seeing CF buy but for me it's very welcome and reassuring and has (to some extent) held the dam walls up.What can I say but this co are bloody good at this under the radar thing aren't they?!!One thing which crossed my mind about the 3 plants next year is that could these be extra large ones and need more time spending on them? Also someone suggested thst possibly the funds which were planned to be used for plants 10, 12 and 13 could be earmarked for prilling processes??Whilst it's frustrating seeing where we are I think it's an overreaction imo and largely caused by margin calls for highly geared punters. It's like a snowball effect.It will be an interesting next few weeks as we await water news...Keep smiling all SM.

[jackabite] 17/12/2013 19:37

Bobby,

its not just about what he done. Its how he behaved when people were losing money.

[bobbyshilling] 17/12/2013 19:21

A disappointing rns, and one that surprised me, as I must admit I was a lot more confident in the company, and the tone of my previous posts reflected this. However, now that the dust has settled I do think we will be OK, but not do as well as I had thought. That doesn't mean to say it is not still a good investment, but I have doubts if it is going to be a 'super' investment. I was shocked to see a reduction in roll outs next year, and although the rns mentions 9 plants, they do also state 'up to 3 more additional plants' so could be only 8 plants.

From what we have been told about the ppms and bpd capacities I am surprised too that this has not been mentioned again, as around 1400mt next year with 9 plants seems low to me unless they have overstated. But in this connection, the company might be giving a higher priority to the mobile units to hit the hot spots, and thus build less plants. We really do need the water permit now to help this along, as that should give us at least another £10m per annum at $1 per barrel, on the bottom line. If they achieve what they have stated next year, and we get the water permit, this is still a very good investment at this price.

Finally, I sincerely believe that SG has done his best here, and I hope he continues to post; he does not deserve the flak that some are putting in his direction.

[iofra] 17/12/2013 19:17

Yes tough and uncomfortable for those where family and friends have bought whether recommended or not.

Along the same lines I'm wondering how the conversation has gone today between Chris Fay and Stena? Unless there was some agreed strategy.

[jackabite] 17/12/2013 19:15

Netty

The $15 million loan will be redeemed in early 2015 and that tells me 35p will be re-visited very soon, I give it 3 - 4 weeks.

This 10 bagged on hot air, the hot air has been let out.

It's now like a watery fart running down Kim jong Un's legs.

kim Jong Un aka superpooh

[n3tleylucas] 17/12/2013 19:10

The market is human, yet the numbers hide the joys & pains. The chart offers little comfort, a key support around 77 approaches fast, a bounce is important. Below that lurks 48... 32.5 and a 17.5.

To hit 32.5 and 17.5 an element of "throwing in the towel" would be required.

I mentioned Stena and 'an offer that can't be refused' a few days ago. If there's anymore bad news in the pipeline, that hasn't yet been disclosed. You may find that 'offer' coming sooner than you think.

[sandbag] 17/12/2013 19:07

Che7win,
" My interpretation is a takeover by a rival - an ideal time with all the gloom around."

I have to admit my first thoughts on reading the RNS this morning was "Is this the company putting up a 'For Sale' sign.

[napoleon 14th] 17/12/2013 19:05

WarenS - there was a sticky moment with ASOS as well, which is why it was so cheap at one point (the point everyone quotes, of course!);
There must be a lesson for IOFers in there somewhere.......

[festario] 17/12/2013 18:50

Ramu, trust me, there will be a lot more than just you and I in that particular boat.

I wonder if I should buy shares in the UK's premier divorce lawyer's company?

[warrensearle] 17/12/2013 18:48

John Simpson - that's horrific I hope you and family can recoup your losses here or elsewhere.

It does bring into contrast some of the investment attitudes on here - it amazes me that people are willing to risk so much of their own capital on AIM stocks, not only that but recommend them to family. I can imagine a few awkward moments this Christmas for a few posters in that boat.

For me this has been a learning experience about AIM in general - I am more or less going to focus on my main portfolio of "boring" stocks that are happily making me 20-30% a year currently - I don't need the "excitement" of stocks that move 25% in a day anymore - be that up or down

I will keep a small position in IOF as having been invested since the 40ps ish I want to see how it pans out - but it will be a small and fairly insignificant part of my portfolio.

And Scruts - you gotta respect an Octogenarian butterfly enthusiast who goes balls out with leveraged Spreadbets (note the word bet) and thinks he is diversified because he has more than one AIM stock.. A word to the wise ignore any future Warren Buffet or ASOS references from him

Warren Buffet would never buy an AIM stock - he only invests in businesses he understands with a proven and profitable track record ("boring" companies as he himself describes them).

As for ASOS that really is an exception on AIM a stock that has gone up and kept going up (for how long we will see) but its something (rampers/optimists) always bang on about.

Good luck all.

[ramu kumar] 17/12/2013 18:40

Festario, I'm in the same boat - not sure what to say or do. Just hope the share price recovers before she finds out!

[tangsoo] 17/12/2013 18:36

I am not in here thank goodness but remember it is only a loss if you sell now. Forget about them and come back in 6 months, who knows they could be bought out and you will then be in profit. I genuinely feel for you guys, good luck.

[festario] 17/12/2013 18:32

JCS, I think many of us are in the same boat as you in terms of recommendations and awkward conversations this last few weeks.
However, my biggest concern is how to keep the wife from knowing the true extent of this! I wonder how many of the fellas on here are with me on that??

Don't worry Lads, the tide will turn!

[frog1] 17/12/2013 18:24

johncsimpson

I am so very sorry to read your post. I really hope this can turn itself around for you.

frog

[ramu kumar] 17/12/2013 18:20

Dontshoutatonce, right now, I think many of us will settle for a few piddling pounds and pence!

[dropside] 17/12/2013 18:16

Bad luck johncsimpson, its a nightmare when people buy on your recommendation and the thing goes down, I avoid it like the plague now!

I'm telling myself the key thing is to look at the business not the share price. I've worked in manufacturing environments all my life, delays happen, the business plan here is intact.

[ramu kumar] 17/12/2013 18:12

che, takeover by rival appears to be the only silver lining in the short term - with the current depressed SP, will not be surprised if an offer is made soon. Proven tech is the strong attraction.

[napoleon 14th] 17/12/2013 18:10

SCRUTS - HEAR, HEAR!

Take the virtuality out of the economy & the Financial markets bubble would pop, down to the real deserved size.

Unfortunately, politicians having been borrowing "to create wealth" & need the financiers too much to put the whole farce in order by reform.

The Financial community, whose existance depended on bringing a service to the economy/society have been allowed to bring the economy/society at their service. That era started with Reagan/Thatcher market economics & lack of rules.

Reform will come, IMO, but thru' outside presure & without choices/options.
The usual peeps will foot the bill..... the peeps.