Iofina Share Discussion Threads

[diggulden] 11/2/2014 14:08

Well they are not having mine... managed to change my mix to shares and SB's now so feel a lot more comfortable than I did before!

A steady move up will do nicely, IO4 and 5 due online in the next 3 weeks, IO6 hopefully no more than 8 weeks away and the possibility of water news in that time too, plenty to play for.

[che7win] 11/2/2014 14:04

benny,
if they have call options, then the company at the other end of the contract still has to deliver the shares.

So the shares have to come from somewhere.

[benny hanna] 11/2/2014 13:50

Ennismore surely protected themselves on the upside. Take the cash generated from from the short position, buy calls, still leaving plenty to by back the stock at the depressed prices. Make money on the way down and again, on the way up.

[che7win] 11/2/2014 13:40

Not all those are sells, ignore the AT trades (buy and sell).

Looks like big demand behind the scenes, maybe Ennismore continuing to close their short or the presentations having an effect.

[woodpeckers] 11/2/2014 13:05

Just for info that 4265 'Sell' was my buy.

[1madmarky] 11/2/2014 12:57

sweet. - yep they wanted to get the first one sorted, then hit Montana and north decota. has to be one at a time.... I think. so you can't just load up the water board with loads of applications.

[investmentguru] 11/2/2014 12:53

A run up to a £1 is certainly on the cards now.

[calmar1992] 11/2/2014 12:47

Che,Exactly, the question is are they not closing their short because they sense that this is not the bottom or because supply is very tight. The former would be a touch naive considering what we have to come in the next couple of months. The latter makes more sense as surely the only way they can close 1.7m without rocketing the price up and losing out is coming to a personal agreement and buying shares directly off an insti. At the moment it seems that they are trapped. However, we should give them some more credit as we were laughing at them in the summer, I wonder who's laughing now.

[che7win] 11/2/2014 12:40

alpha,
unless they are behind the buy pressure. I hope not, but if they sense the bottom, why would they hang on...

[alphacharlie] 11/2/2014 12:33

Ennismore still +1.7m short since 31 Jan notification, so every 10p move up cost them £170k of profit – all a bit ball park but at 90p about £300k down since their last disclosure

[sweetnodude] 11/2/2014 12:24

From 28 March 2013 RNS: 'The Company anticipates filing a similar application in the state of North Dakota in short order'

Apologies if this has been covered but do we know if this was put on hold pending the Montana outcome? TIA

[che7win] 11/2/2014 12:19

Scottish,
ahh, an STVG guy, makes me jealous. I bailed too early to go in here :-(

Octopus, couldn't put it better myself.

Wonder how the presentations this week are going...

[octopus100] 11/2/2014 12:12

Yup seems to be a keen buyer out there and price rise is shaking out some weak longs or shorters to fill this. I wouldn't be surprised that if this is on the radar of some companies, the management have provided a good opportunity for someone to have a serious look at this. Offers above this level would readily be accepted probably circa the £2 mark. Also I like the way the management are now acting conservatively about their expectations and prospects, means down side is being looked at. This is a good price level to get involved and wouldn't be surprised if this goes higher. Any positive news on the water permit and production increases in March have got to be making anyone short of this nervous especially given previous highs - a bit of confidence and positive news and whoosh.

[alphacharlie] 11/2/2014 12:09

Current scenario for what happens here looks like this:

Short term resistance at about 108 - could go before Friday close - which will be blown away with any news (e.g. the captain's post 15975)

added - more news soon of Ennismore further closing short

[scottishfield] 11/2/2014 11:56

joined you guys here today, see what happens.

[rhwillcol] 11/2/2014 11:53

Good to see the significant buying, and well done to Buffaloman
for leading the stampede!

[captain_kurt] 11/2/2014 11:45

Someone is keen to take all the supply at 90p. Can't be long until we hear about
IO4 commissioning imo

[alphacharlie] 11/2/2014 11:19

Hey, Buffalo Soldier - respect man.

[buffaloman] 11/2/2014 10:53

Think it was n
my 30000 purchase just after 10am that got these motoring! Deal hasn't been posted yet????

[festario] 11/2/2014 10:43

Resistance is futile!

By the way, welcome to IOF, CyberBub.

[eric76] 11/2/2014 10:32

Doesn't seem to be much resistance before the 99-100 level either imo. Just a case of the momentum holding now.

[malachey] 11/2/2014 10:21

not much currently between here and a 30k lump that's been sitting at 99.5p for days