Iofina Share Discussion Threads

[wardy333] 11/2/2014 10:14

Good I meant a blocker at 88p.

[beercapafn] 11/2/2014 10:10

All clear now. .88 buy .89 sell.

[wardy333] 11/2/2014 09:48

So we have a blocker at 8p and a small time seller , deadlock until some buyers step in , its called control by the suits in their Mayfair offices.

[cyberbub] 11/2/2014 09:19

That's encouraging... come on someone, take him out!

[malachey] 11/2/2014 08:44

he's only the 69k man now..

[warmsun] 11/2/2014 08:12

Before I start my morning's work.....our 81k man still sitting on the Offer at 88p

[eric76] 11/2/2014 07:17

No not at all imo. Calling yourself an expert then charging nigh on £900 has to be good business imo just hope its better quality and less biased than the recent one commissioned on blnx.

[madchick] 11/2/2014 07:11

It says we are amid the "entrenched players". I might think this was good, but suspect that they've latched onto reports that IOF is a heavily-traded share and may hope to get some shareholders to fork out money for the report by mentioning them upfront and first in the list. Or am I being too cynical?

[bobsworth] 10/2/2014 23:31

Wow that's a lot of supply!

I just hope the consumer demand is there to avoid over supply & maintain the price of Iodine which is key for Iofina.

[freshvoice] 10/2/2014 22:59

Monts
I see Iofina gets a mention!
I hope they didn't take their info from Numis?

[jasp2] 10/2/2014 20:52

I'm a long term IOFer. A share that's recently gained my attention is SAV.

SAV is "A new vehicle emerging from the old African Mining & Exploration (AME) with new management and potential world class mineral sands project in Mozambique." It is headed up by David Archer who has a long and impressive track record in mining companies. He has put £0.5m of his own money into the company and is taking no salary.

There is a nice investor presentation here:
www.youtube.com/watch?v=9kM3burpHu4

An RNS is expected this week (first half of Feb) which will announce results of drilling samples taken from their Jangamo Heavy Mineral Sands Project in Mozambique, which is adjacent to a Rio Tinto site. The intention is to obtain JORC in H2 this year.

The market cap is currently just shy of £10m.

Belcourti on LSE gives a nice summary of reasons to be interested (written when share price was 6.13p):

"Here are the key things about SAV:

1-Directors takes No Salary and No Cheap Options neither, only £1 a year ... so they need to get the share price high for them to make money

2-Mr D Archer invested £500k from his own money, he owns 22m shares in SAV

3-We own 15% of ALO so thats £2m worth

4-We have just £650k in cash, with £600k options

5-Drilling costs around £500k for Phase 2, so we should be fully funded for that and some (or with min dilution)

6-We have a Major Rio Tinto with near 7 to 12Billion tonnes at 3 to 4.5% THM right next door to us

7-Kenmore with a resource of 7billion at 2.9% have an MC of £544m (So Take Note of that, we only £8m MC company).

8-We have a Bigger Area then Kenmore lol Yes we do, much bigger Area so we could be looking at much higher resources (but let's be conservative)

9-We could be looking at at least 3.5billion tonnes at 3 to 4.5% THM ... so worth couple of billion dollars!!

10-Demand from China and the world is increasing at a rate that is outweighing supply.

11-We Have a Gold project in Mali (near a 16m Oz Gold Belt).

12-Also one of our Directors is a consultant for Rio Tinto too

13-We Have Mr Archer ;-) :

i.Turning a company From a $1m MC co into a $500m company, a shell co from $2m to $200m company

ii.He and the Rest of the Bod takes No salaries

iii.He put £500k from his own money into the company,

iv.No cheap Options

v.he aligned his interest with shareholders, he wants this company to deliver Big in 2014 as much as we all do

vi.he wants to turn SAV into a £70m to £80m MC company By Jan next year.

All of the above for a tiny MC and plenty of news heading our way:

1-Jangamo Drilling results expected shortly (most likely next week)

2-ALO Resources upgrade could boost their share price and therefore increase SAV value

3-Phase 2 Drilling program to start

4-ALO Ethiopia program update could boost their share price and therefore increase SAV value

5-Resource Estimates in H2

6-New Acquisition of Copper mine?!! (Mr Archer made a fortune from Copper and I am sure he wouldn't mind adding a new asset to SAV pf)."

[monts12] 10/2/2014 19:54

Global Iodine Supply to Reach 33,000 Tonnes in 2015, According to Report by Merchant Research



Price: US$ 890.00 for the report!

[freshvoice] 10/2/2014 16:46

Che
I didn't know they were in Utah?

[cyberbub] 10/2/2014 15:40

Encouraging action, it's moving on small trades so stock must be tight??

[che7win] 10/2/2014 15:25

IOF Chemical buyer job at top?

[bobsworth] 10/2/2014 13:25

engelo 300,000, cheers for that.

[crosseyed] 10/2/2014 12:29

cyberbub/engelo,

Thanks for that. It had escaped my radar :{
Apparently comes into force on 28 April 2014 as now indicated following a more careful Google search!

c

[engelo] 10/2/2014 12:17

crosseyed: to be abolished on ETFs too fwiw. London biggest European location for ETF trading but we were out of line with the rest of Europe so all the ETFs set up offshore ;-)

cyber: Yes! Don't know why we do it ;(

[cyberbub] 10/2/2014 11:00

Yes, stamp duty on Aim shares is being abolished, although to be fair 0.5% shouldn't be a massive deterrent to people willing to descend into the AIM cesspit?

[crosseyed] 10/2/2014 10:58

engelo,

And stamp duty being abolished in April...

I would be grateful if you would expand on that since I cannot see any Google referenece to it. April 2014?

c

[engelo] 10/2/2014 10:43

Out of general interest from SCSW this w/e re recent turbulence:

'Part of the volatility problem is leveraged investors but the unsaid problem is also the SETSmm trading system, which is clearly open to manipulation, yet the mandarins in the Exchange don't see this. Interestingly in the US they have just moved to ensure all small trades are reported to the "consolidated tape" because hedge funds, amongst others, have been executing a whole load of high frequency trading in odd lots (less than 100 shares) to work larger positions/hide them. In the UK we have this, plus the additional problem of trade reporting across multiple platforms so it isn't easy to get accurate pictures of buy/sell ratios."

Also they mention that AIM daily values traded have risen by 33% since allowed into ISAs last August. And stamp duty being abolished in April, which I had forgotten :-)

[worraps] 10/2/2014 10:14

Thanks, warmsun. I always like to hear the true picture, very helpful.

[cyberbub] 10/2/2014 09:47

Well hopefully that won't take forever to nibble away?

[warmsun] 10/2/2014 09:46

For those with any interest in L2 but do not have the facility; the Offer is 'stuck' at 88p at the moment due to one block of 81k shares which needs to be bought up (or taken off the Offer) before we have any chance of moving upwards.

[superg1] 10/2/2014 09:01

Sorry Montana exploration, not resourceshttp://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MTZ:CN