Iofina Share Discussion Threads

[stockonomist] 23/4/2014 12:40

How do you become a Millionaire ?

Start as a multi-millionaire and invest in AIM cesspit stocks

:-p

[madchick] 23/4/2014 12:31

Just wanted to check that I had my facts right. I'd actually underestimated by quite a bit:
Iofina Chemical ("IC") continues to expand its product line, customer base and worldwide footprint of iodine derived products. H1 2012 sales were forecasted to be lower due to an extraordinary circa £1.9 million sale last year per our long term contract. The contract states fixed volumes and sales figures for certain years and no sales in 2012, slight sales in 2013 and £2 million plus in 2014.

That's from 2012 half-yearly report RNS


So, in sum, IOF have to cover a £2 million sales contract this year.

[shonny] 23/4/2014 12:28

My hat is very happy today. It has no chance of ever getting eaten.

[woodpeckers] 23/4/2014 12:25

Well there obviously aren't many believers in the saying innocent until proved guilty here! The board did inform us about supply problems in January. What makes people so sure that they haven't been informed in the last week about this?

[nevik2] 23/4/2014 12:23

JoeStalin, certainly not worth investing more in today. What it has done is prove I was wrong at 70p. If you invested at 60p,70p or more and still think you were correct, heaven help you.
Accept you get it wrong and you might keep some cash, believing you got it correct after the last few days is denial on a grand scale.
If you think 57% drop is just a bit of over reaction, just look at the percentage it needs to over react to get back to where it was. We need 100% positive over reaction to get within spitting distance of a few hours ago.
There could be money made with this share, but not today, it could easily end 80% down. I can't see why anyone as it stands would think there is a recovery on the cards and would buy more today.

[beeezzz] 23/4/2014 12:15

Well from the darling of AIM last year they've turned into a right dog, nothing but bad news all this year.

They have tried to run before walking IMO, a bit greedy getting to many plants up and running without the guarantee of supply, Hmm. Very disappointed, management have no credibility left now.

[buffaloman] 23/4/2014 12:13

PB
Thought Festario was going 100% GVC! Bet he wishes he had!

[woodpeckers] 23/4/2014 12:12

Hi madchick, thanks for the info about the government contract, I wasn't aware of that. It surely suggests that the chemical division will be making a lot more this year then which is will help cash flow. Perhaps Mr Big may step in to help if things get short? It would be wise to protect his investment. Look forward to hearing hs take on all this.

[neddo] 23/4/2014 12:11

what is the saying , when their is blood on the streets?? bought earlier , bit of fun? the aim is like this , just a gamble, I normally stick to the ftse 100, where most of my investments are, I never take the aim seriously,

[plasybryn] 23/4/2014 12:08

Festario: At least you have GVC

[tracy_moore] 23/4/2014 12:07

So many IFs.

[n3tleylucas] 23/4/2014 12:04

I don't think a lack of raw iodine for IC is the problem, you've heaps of the stuff! The main problem atm is funding, you're running out of money quicker than your cash-flow can rise. If you cannot get a decent placing away from the market asap, you'll have to get another loan/placing from Stena. If they say no... that's it.

[varies] 23/4/2014 12:00

superg1
Thank you for telling us that the operator concerned is probably Chesapeake Energy; amongst all the flak flying here this is a useful piece of information.

From Chesapeake's web-site I deduce that the relevant operation might be Niobran Shale, Powder River Basin, Montana(?). This produces only 5% of CE's production and little information on it is provided.
Can you throw any further light on Chesapeake's involvement ?

I do not have the courage to buy any more shares until the results come out.

[chesty1] 23/4/2014 11:58

Oh dear Tracy you sound like your deep into this one.....

[ammons] 23/4/2014 11:57

Even if we get the water permit how will be build depots? Given what has happened with iodine production, even if the permit is awarded will the company actually be able to sell it for true? Little else forecast has been proven correct so why should water be any different?

[woodpeckers] 23/4/2014 11:46

dig, see my post 19577. I think we have more than enough for our own supplies unless they are doing so well that they need more than they previously stated they were using which would be nice!

[diggulden] 23/4/2014 11:43

Exactly Bobby, some big mistakes being made by top brass.

It exposes the whole business plan unfortunately, as ultimately, Iodine production is reliant on brine flow from the operators. As demonstrated by todays RNS, the operator can cause massive disruption based on their own drilling activity.

We now have 3 shiny new plants that will be producing next to no Iodine in the next 9 months, maybe longer. It's a complete shambles.

Raises big questions in terms of cashflow short term too. Also, I assume their is not enough Iodine for the Chem division at the moment, so are we buying that in again from SQM? Too many questions, not enough answers by a proven incompetent management team.

[joestalin] 23/4/2014 11:40

"I need signs the market thinks it's worth more, not just faith and belief."

The market does not "think" nevik2, it overreacts one way or the other. Right now, it has panic and fear driving it. If you thought the company was worth investing in at 70p, is it not even more worth investing in today?

[dlg3] 23/4/2014 11:40

E-petition, make short selling a thing of the past...

[bobbyshilling] 23/4/2014 11:37

dig, like why have we got four plants affected, why hasn't the risk of this happening been dispersed?

[diggulden] 23/4/2014 11:33

Directors are in closed period until results are out, so no one can buy at the moment.

Unfortunately this update raises more questions than answers as usual.

[eddiegoldstein] 23/4/2014 11:32

where is this idiot??



Iofina - IOF
mister big - 03 Apr 2014 - 16:14:19 - 18344 of 19582
ps. hovered up another 400,000 today at over 60p, so i'm voting with my feet....
target 1.25p in six months or so...