Iofina Share Discussion Threads

[bobsworth] 10/1/2014 19:24

Does anyone know what's happening with the Iodine prices?

Fingers crossed it will re-strengthen as Chilean production continues to be cut back.

[superg1] 10/1/2014 19:15

Rising costs affecting Chile expansion etc



The Chilean Copper Commission (COCHILCO) said that the country will delay work on 11 mining projects due to increasing operational costs.

[superg1] 10/1/2014 18:22

Looks like a few are not clear on the end of month water meeting, it is not a do or die situation-:

"If it is determined that one or more criteria have not been proven and the DNRC is unable to modify the application, the DNRC will prepare a draft preliminary determination to deny. The applicant will have 15 days to contact the DNRC in order to schedule a meeting and offer additional information as to why the application should be granted. If the information provided is adequate, DNRC will create the preliminary determination to grant the application and the application will move to public notice as discussed above. If the information is not deemed adequate, a preliminary determination to deny will stand and the application will move to our Hearings Unit and a show cause hearing will be held if the applicant does not withdraw the application."

So we are at the stage of IOF offering additional information in the meeting as to why it should be approved.

The reason it got to this point is in an rns, to with engineering on one side, which should be an easy fix, just change the spec to suit, and on the other point beneficial use.

So if it isn't sorted out on that day, IOF can request a hearing, many hearings end up with the award of permit, as listed on the relevant site.

Coco

What are you doing back under another name, you chose to record another name to go on a personal attack, so either pay for the privilege to post on a PBB, or post on the many other IOF threads for free.

Yes you are a charting trader, we know that.

[che7win] 10/1/2014 16:50

Looks like 100p acted as support as I expected.
Let me explain why I said that unlike the one-liner derampers.
If one can remember, 100p was a weak support on the way down. Dr Fay bought around this level.
Not many amateur shorters would have got a chance to short before the 100p level on the last leg down. When it broke 100p, many would have shorted and watched it fall into the 80's.
On the way up, it sat at 100p this week as buyer slowly got the upper hand. It was a resistence level. Once broken to the upside, it becomes support.
Plenty of profits takers at this level accompanied by buyers. As the selling dried up, it eventually took off to 110p where sellers gained the upper hand. A lot of recent shorters who didn't close at breakeven would have been in the red at 110p
Back down to 100p, those shorters who didn't close at breakeven now get a second chance to close out at minimal loss. Those potential buyers who thought they missed the boat get a second chance to buy around 100p.
Part of the natural moves of trading.
PS: forward P/E 10 for the year.

N3tleyLucas 10 Jan'14 - 14:58 - 14503 of 14517 2 1
100 isn't support.

[che7win] 10/1/2014 16:29

fresh,
I expect there are plenty of undeclared shorters also, we won't know when they are buying in the market.

[phoenixs] 10/1/2014 16:29

.....and I forgot to mention the SHONNY/N3tley effects which are the one3 that really count. They terrify me!

[microcline] 10/1/2014 16:28

Those who are short on this share are now bricking it with the water permit announcement forthcoming. How to get out on the cheap? Start de ramping and frighten off weak holders and snap up shares on the cheap.

[freshvoice] 10/1/2014 16:26

Che we will see when short posn is updated.

[che7win] 10/1/2014 16:22

phoenix,
agree.

You have to remember that there are all sorts of games going on behind the scenes.

We have some institutions that have shorted here and made some money. They need to bail out, especially so when they see the share price rising from a heavily oversold position.

What would I do if I were in their shoes and the share price leaping up?
I need to buy back 3 million shares in the market and the share price is rising fast, confidence is building.

I need to buy, so the logical step? I sell more at 110p, trying to turn the market down, get some shakers selling, weak holders, traders. I can maybe knock the share back a bit, then when it does, I start dripping my buy orders in.

This is actually quite normal, if as others say there are presentations happening soon, then I'll be wanting to close my short, maybe even go long.

[microcline] 10/1/2014 16:17

If you are shorting this why not wait till the end of the month and hope for a water permit refusal. Balls of steel beginning to rust I suspect.

[phoenixs] 10/1/2014 16:06

just to continue the chartist theme....

Now one has to remember that if a director sells all his shares then the charts show that we could hit 20p or maybe less or maybe more. On the other hand if an institution or two or three start to buy millions of shares then the shares may go to £5 even before we have news on IOF 4,5,6,7,8,9.....90 ETC. and if iodine prices go to $5 or sorry $500 then the sky is the limit.
The seventeen lines and curves on the chart show that s..t may happen or that we have a rocket share propelled by an iodine battery which is going to take over the motor industry.
Sorry everyone, I have to admit that I have covered all the bases and still know nothing!

[diggulden] 10/1/2014 15:26

This is why on the whole I ignore charts, they can be made to tell whatever story you want depending on where you draw the lines. EWCT's analysis is perfect, it could go up, it could go down, all based on what news come out, so he has no clue where it will go then!

Don't get me wrong, there is some good analysis out there from chartists, some of Titus10's stuff makes perfect sense, but there are plenty that post a chart with some fancy words and theories to 'back it up', but it's all BS.

[angel of the north] 10/1/2014 15:25

Tea leaves for me....or Tarot cards?

[che7win] 10/1/2014 15:19

a couple of IOF charts on fingers thread, so now we have at least 3 different charts and combinations of scenarios within that.

Use whatever one suits your agenda ;-)

[gripton] 10/1/2014 15:13

So, it's very exciting news that the share price could go up....................................or it could go down. I do like incisive analysis.You should charge for this .....

[n3tleylucas] 10/1/2014 14:59

Give it a rest with the p/e's cheggers ffs

[n3tleylucas] 10/1/2014 14:58

100 isn't support.

[che7win] 10/1/2014 14:48

engelo,
haven't seen that site before, it's a growing market so will be useful to keep an eye on it, cheers.

[engelo] 10/1/2014 14:43

che/sg: came across this Indian site showing individual imports: plenty going on there on the small side. Can understand IOF's interest there.

a. Prices for 99.5% iodine on the short term have firmed a bit from Dec into Jan, latest trans INR 3,088 = $50/kg.

b. Turkey, turkmenistan getting in on the act. Russia and UAR (??) imports earlier on in Dec.

[che7win] 10/1/2014 14:33

110p provides resistence on the way up, 100p seems to be support.

Those who bought in the 80's/90's (like I did multiple times) have an opportunity to take profits. That's what's happening, once the traders move on, it's obvious which way it will go.

Where are the clever boys who said it would go on down from the 80's to the 30's and someone even mentioned 25p - was that you Shonny?

P/E of 10 at this price and a tripling of plants to come, let's see which way it goes.

Shorters playing a few tricks, some profits taking, that will pass and the company will continue to make progress, a lot of noise but long-termers will let the company do the speaking.

If any shorters remain, well just look how quickly DIA recovered from it's profits warning this week - the market is recovering very quickly as I said - any sniff of good news in IOF and I won't be surprised with the upswing.

[n3tleylucas] 10/1/2014 14:09

Looking weak here.

[shonny] 10/1/2014 14:00

Who's a clever boy then. Prepare to revisit 80p.

SHONNY

9 Jan'14 - 23:16 - 14479 of 14497


Back to £1 tomorrow I reckon. I hope no one is expecting £2 by xmas

[superg1] 10/1/2014 12:41

Pheonix

no problem. I just regurgitate what I find. That had been sitting on the back burner as there was no point covering something, that wasn't an issue.

However someone yesterday took the details as correct, not realising it was out of date and incorrect on some major points.

It was all sorted quickly though.

I'm still hunting for the full reason why Cosayach appeared listed in the Chile supreme court just before xmas.

They have been in trouble once before (2011) re illegal water extraction and that is what seriously hit their production hard since then.

That listing followed the apparent withdrawal of an expansion application in November.

I did hear they may have killed off a portion of a protected desert forest with their wrong-doings (illegal water extraction) in the past.


The market is so niche, it's well worth keeping an eye on what is going on.