Iofina Share Discussion Threads

[nevmyers] 18/12/2013 19:12

Worraps

All the facts for any company are there to see at anytime, If you want to speculate on the future share price its exactly that, speculation. No amount of research, fundamentals or TA will guarantee anything. you seem to be suggesting that IOF have somehow mislead us all, They do what they do and will eventually if all goes to plan make profit. Trust is nothing to do with it because no one knows what tomorrow will bring, I think there has been a lot of overreaction to this share drop like we have all been conned and its game over. everything that was going to happen is still going to happen, if it takes a little longer or is not quite as lucrative it doesn't really matter if we end up in profit that is the main object of investing in a company, I have bought more at a lower price now to bring down my break even. Iodine is still needed, they still have the patent, the water permit may still happen if not its not core so its not the end of the world, stop reading all the negative posts saying I told you so, there is posts like that on every BB on every share waiting for something like this to happen. remember you have only lost money when you sell, until then its just a number on a screen. Hope this helps

GLA

[jointer13] 18/12/2013 19:00

bag....only thing he ever posts is negative,check out he's posts, I can smell it a mile away.

[calico1] 18/12/2013 18:58

Hate to see what has happened here and can only hope it turns around for you guys. Lots of peeps getting very badly burned right before Christmas. Best to take a pragmatic view and wait for better times. I'm sure they will return again in time.

[ramu kumar] 18/12/2013 18:56

jointer13, until recently there was a team of rampers!

[bobbyshilling] 18/12/2013 18:55

jointer, if you are referring to my post above, I can assure you that I am not shorting. Is'nt anyone allowed to state facts or their views? Goodness, people will be afraid to post soon.

[jointer13] 18/12/2013 18:51

seems to me like there is a team of shorters on here

[jackthecat] 18/12/2013 18:47

50p next support it is then??

the shorters will knacker this regardless of potential and worth.

seen it dozens of times.

I don't hold.

if you do, then hold and wait longer term.

if you are a trader or spreadbetter, then you take your chances.

decent long term prospects, but short term v v volatile

[bobbyshilling] 18/12/2013 18:43

Well, expect the mms to take advantage of that tomorrow. However, it must be said that even at 160p they were recommending a hold, so it appears they were caught out too.

[diggulden] 18/12/2013 18:37

I love articles from IC, they get to say things like this....

'IC VIEW:
A series of negative updates in recent months have severely dampened our confidence in Iofina's business model and management - notwithstanding chairman Chris Fay's post-crash purchase of 150,000 shares at an average price of 100.5p. We downgraded shares in Iofina from 'speculative buy' to 'hold' on 9 December but with iodine prices and investor sentiment still hurtling downward, we downgrade the shares once more. At 95p, sell.
Last IC view: Hold, 160p, 9 December 2013'

[escapetohome] 18/12/2013 18:31

Im not miserable - I made a good profit on this share, because I remembered act to preserve your capital rather than let greed take over!

[diggulden] 18/12/2013 18:30

Baguette, not sure what you are on about 'pro and anti SG' people. No one is on anyones side here, I'm sure we all just want to make money. I have no intention of moving to a different thread thanks.

[broncowarrior] 18/12/2013 18:22

I'm in this share but what I could never understand was why people always thought a PE of 25 was appropriate as a share price guide. Water permit not dead and when IO4, 5 and 6 come on board we will be back to the 170 level at least, if water is approved likely slightly north of 200p. Improvement in io price will also lift us.

[baguette] 18/12/2013 18:21

Well I seem to have created a new thread so here is an opening post for those who are looking to find a way out from the under £1 situation we are now in.

I have made these points before and one or two others have done so eloquently in the last 24 hours but feel compelled to summarise again as other threads have become swamped with pro SG people, anti SG people and all sorts.

IOF have 3 (main) issues that need addressing before I and obviously many others can regain any confidence at all.

1. When will they show us they have any customers - no proof so far they can sell anything other than relatively low levels of product through the conversion route

2. Why are the iodine output figures so low - on existing plants and the next 3 up to IO6

3. What on Earth has happened to the capacity of the conversion plant - apparently with a capacity of 400mt before a scale up to 800mt which Dr Khalev was brought in many months ago to accomplish. Now it appears it is under 400mt right now

If the very next RNS they produce is not clear, concise, honest and at least a bit uplifting with real information and no twaddle then their whole business model will look like extremely dodgy and we could legitimately ask whether Stuart Eaton got out to avoid a bad reputation.

Lets all hope there is still a valid and profitable business model and steady share growth from whatever turns out to be the current "bottom"

[bocker01] 18/12/2013 18:14

Che, good to see someone takes the effort to clarify info from the horses mouth! There's a lot of misery and anger kicking about at that moment that's reflecting itself in negative comments that have no more factual basis than some of the earlier overly optimistic posts. Matrix comes across as rational and level headed as do you! Further in answer to one comment I doubt very much if Gary would say anything other than the truth bearing in mind the last few days events.

[micknickbanny] 18/12/2013 18:11

for what its worth, some days ago I sent an e-mail concerning the water application and this was the reply I received from Sam Huebner..
"Thank you for your email and support. We remain confident that any deficiencies reviewed on the water application will be handled appropriately"

[worraps] 18/12/2013 18:09

SCRUTABLE, RE 13420. Ok, sorry I mentioned it.....my naivety getting me into trouble again. Seemed a good idea at the time! Off for a glass of something now.

[worraps] 18/12/2013 18:04

SCRUTABLE, wise words from gentle philosophy and reflection, thank you.

I think after any shock leading to reflection, we can only ever arrive at the point of saying to ourselves, "We are where we are. Now, how can we still get to the place we wanted to be, despite this hurdle?"

Yes, I am angry, but mostly with myself for being so naive. Trust has always been my downfall. I feel that any activity that is connected to making money these days, has slowly become dishonourable and corrupt. Greed rules. Anything goes, if it means a profit for someone.

Right from the start I did not agree with 'under the radar', nor even the reason given for it. As I said earlier, it has ironically transpired that what was being kept under the radar, in reality, was not what we thought. Progress and production were less, not more. It was put forward continually, that actually, things were better than we were being told, because of 'under the radar'. They were underplaying things. Absolute tosh! It was quite the reverse of that.

And don't even get me going about 'THE PING', that was supposed to explode around the world's iodine industry in September! Where did that go?

Anyway, lack of diversification on my part, has been my downfall. Greed on my part, as I thought and believed that this was the best place for all of my money.

Anyway, the post- mortems will soon fizzle out, when we've all got our words out of our systems, and then hopefully we can move on, and recover.

As with all mistakes, and over beliefs in things, we can only learn from them. An old cliche, I know, but very applicable here at the moment.

My biggest lesson learnt here, for me, is, if it seems too good to be true, it probably is! I'm glad that you still feel that the prospects here are huge, and will still succeed as you first thought. And Iofina will still become a global success. But for me, I'm going to stand back from it all with a large glass of cynicism blended with caution in my hand for now.

[escapetohome] 18/12/2013 17:57

Excellent idea - a new thread based on honest VERIFIABLE information.

[scrutable] 18/12/2013 17:57

worraps

You can't possibly run a BB on that basis - that it is restricted to facts. The LSE has tried to do this for years with their RNS - and failed.

The whole point is to examine the case for investment ie researching facts and then bringing together other PI' experience, knowledge, skills and judgement to call the future based on probabilities

[worraps] 18/12/2013 17:39

BAGUETTE......for many quite obvious reasons, a new more honest thread altogether might be applicable now. Almost like starting again, with basic KNOWN facts and information. I haven't a clue how to do it, but someone here might be willing.

[scrutable] 18/12/2013 17:38

worraps

re your 13346. I fully understand your anger. I have the burden of my own.

I am furious with the company's belief that any good could come from hiding the true speed of progress. But if they can be rightly accused of deceit I would rather the nuance was changed to "guile". It was I believe sincerely held to be of benefit to shareholders.

I disagreed with them all along. At meetings I was critical of the company courting undervaluation by not exposing the true potential for fear of alerting unwelcome approaches. Instead they left us wide open to sustained deramping and bear attacks

I also appreciate the clarity and brilliant description of your position and the philosophical difference between your WILL which is absolute, and mine in the language of sophisticated forecasters which is always understood as' highly probably will'.

I believe that the board's wishful thinking which let its supporters down was one of naivety with a technology start up. They made no allowance for probable slippage and made it seem that the process was so simple as to be predictable. They were wrong. However I do not believe that they have ever been deceitful to the point of deliberately misleading shareholders. I therefore use WILL for 2014, since the previous impediments - oil contamination of the filters - mixed sources of brine - delays in Customs etc, even a Black Swan were not allowed for. But who would have thought that a stand off in Congress could lead to most Government staff ceasing to work.

Yes we have all lost money. That was very painful like being bitten by an animal you love - but frankly noone should be investing money in high risk (because of high growth) shares that they cannot afford to lose. It is wry to think that I was under sustained attack on this board for reprimanding PIs who put all their pot into one share. I have frequently lost substantial five figure sums from IOF Bear spikes - with disbelief that it could happen to me seven times in five months - but I have survived because, though I have always felt AND STILL DO that IOF WILL be the most profitable company on the LSE in the very near future, I have always spread the risk and have equalised the losses with profits from XAR over the same period

Now I am left hoping to prevent demoralised PIs selling at/near the bottom. This share is seriously undervalued even whilst there must remain a possibility that the price falls further. Sods Law still rules. It WILL be double the current price again - and possibly sooner than I think so what on earth is the point of selling NOW

[worraps] 18/12/2013 17:36

che7win, I'm pleased you have made direct contact. freshvoice said yesterday that someone close to the company had deliberately misled superg, so I hope that the same has not happened to you. It's good that you feel Gary is a straight talker.

I shall be very pleased if you are able to share the conversation, as I'm sure so will many others!

[baguette] 18/12/2013 17:35

By the way is there any way of getting rid of the SG's header to this thread which still ramps the opportunities beyond reasonable expectations.

So so many of us need to repatriate our hopes and aspirations down to honest levels and maybe we can all move forward tentatively and warily in hope

[che7win] 18/12/2013 17:29

Bobby,
Yes, talked about water. Have to make dinner, I'll post later on.

I'm comfortable holding my full allocation here.

Escape, Gary is a straight talker, definitely not a spin doctor.