Iofina Share Discussion Threads

[superg1] 27/11/2014 13:56

Here's one.

VLS my old fave mystery share.

2012 revenue £7.6 million losses £10.8 million

2013 revenue £4.75 mill losses £18 million

market cap £275 million.

Lots of big numbers around in a sector Shell abandoned.

[superg1] 27/11/2014 13:45

ACT

Now you are being plain silly.

The type of folk that short can't possibly influence the shares in the main market without there being some news or market related reason.

The AIM is a vehicle for companies to expand thus the vast majority are in the early stages of growth. Most will fail.

All crooks do is work on the fear of investors, the herd, the lemmings, the over-geared, easy really. Rarely does it include morals or facts. Facts and honesty just get in the way of making money for some.

Currently investors have run from the market.

Some keep pumping out stonking news and go down, some have nothing and keep going up.

Take a look at Falanx, promises a lot has delivered nothing and is way above it's price when it arrived on the AIM. The vast majority of what was said would happen hasn't but it doesn't get caned for it.

It's all down to the balance of supply and demand, with very few it seems having the slightest clue what they are invested in.

[arlington chetwynd talbot] 27/11/2014 13:32

If this had made £5m in '13, £10m this and looked like making £15m next then I'd agree with you. I've no idea what TW has said and I don't care, I think I is worth £25m and W £10m. You think rival bears get along? Think again.

[woolybanana] 27/11/2014 12:50

Well, I think the deliberate shorting 'gang' may be true. I am noticing that my AIM shares seem to take it in turns to rise then fall by quite a lot, so they must be making some very good dosh out of it. These are all shares that have great potential, very technology, no real profits as yet and which are closely followed eg NANO, QFI, IOF,VLS to name some.

[arlington chetwynd talbot] 27/11/2014 12:24

Yes, but as long as you're not conveniently deflecting justified criticism by this shorting conspiracy theory.

Is see good companies in the market, shares rise steadily with good news and there's never a mention of shorting.

Funny eh?

[pwcarnall] 27/11/2014 12:17

Quotes from yesterdays Naked
Trader update
There is some kind of shorting gang almost mafia style around trying to hit shares
Pretty easy to make a share fall by causing unfounded fear.
I wonder if some action should be taken to stop shorting collusion in smaller shares.
One idea could be to only allow naked shorting in the top 250 listed shares.
I don't think people/companies should be allowed to profit from spreading false fears on shares.I feel this is pretty close to criminal activity.
It doesn't just affect investors but could result in job losses and companies struggling.

[superg1] 27/11/2014 12:04

I did note something about from TW about IOF shareholders also hold Quindell.

The only IOF folk I know in Quindell were shorting it. They were nagging me to short it way higher than it is now. Not my scene, but they made plenty doing it and good luck to them.

[rogerbridge] 27/11/2014 11:07

Mr T.W, please note recent posts from the last couple of days, numbers, 27208, 27241, 27243, 27244 and I could mention many others going back.
This is how to research a share, we do not require your assistance.

Hopefully, you may learn something by observing how professionals carry out research.

Pleased I had a couple of small top ups yesterday.

[superg1] 27/11/2014 10:57

Take note from that news all those years ago.

It and SQM had been involved in a legal battle since the latter was privatized in 1986. Errazuriz claimed some of his land titles in northern Chile containing industrial mineral deposits suddenly appeared registered in the name of Soquimich, as SQM used to be called.

When the deal was reported to be on the verge of collapse, sources at Cosayach announced the company was in talks with Holland's DSM, one of the world's largest iodine producers, which also has a plant in northern Chile, about a possible friendly takeover.


Paragraph 1 relates to a case Cosayach finally won this year and those are the leases SQM want

Paragraph 2 relates to DSM and Cosayach interest to buy the company. SQM bought DSM to stop that game.

DSM is what we call the Iris plant, which is shut down.

I suspect in the next year SQM are finally going to kill off Cosayach, assisted by a load of claims against Cosayach, all appearing now, and awarded by the courts.

That's the SQM strategy to get the market back where they want it, and it's never been a stronger situation for them to do that.

RB is just a bonus that they had no idea would happen.

[superg1] 27/11/2014 10:50

Here's my bet

Similar news to this appearing all over again.

The mentioned state street back is the recent case that has dragged on until now.

[bogg1e] 27/11/2014 10:48

SG, quicky on QFI and older engines. basically QFIs fuel (MSAR) is designed for 2 markets; power stations and shipping. MSAR has already been accepted as working in power station boilers. No regulatory hurdles there. Onto shipping. This market mainly consists of about 3500 container vessels. They use a variety of engines, all of which need a "letter of no objection" from the manufacturer, ie their approval that the fuel is safe to use in their engines, this is a regulatory requirement for shipping insurers etc. Although the number of engines are numerous, they all fall into about 4 categories of engine type and each type is covered by a lono. Effectively to cover all the engines in the global container vessel fleet would take about 8 lonos all told. Thats all.

Also, your reasons for not buying into QFI are totally valid, high mc, no revenue etc, however the agm is tomorrow and last year the share price rose about 200% or so after the agm, and as we know this year, we are now days, weeks or at most a month or so away from commercial contracts being signed with 2 refiners to supply the Maersk fleet from Rotterdam (about 50 ships). Ie if you ever changed your mind about buying, now wouldnt be a bad time to do so.

[superg1] 27/11/2014 10:17

I'll just type it here, it's jumped again on a buy of about £130

Star

I have none and have no interest in getting any at the moment but it's looking like it's probably going to fly on buys with very few in profit if it does.

Do so at your own risk, ATUK took off 50% when it wasn't as sensitive to buys as this one.

I don't intend to post about it or provide my research. It's 1 of 3 I picked up on about 8 motths back.

One is 100% up the other 200%, this one kept drifting and I'd been watching for a turn. I don't see the point of trying to buy nay shares as I suspect only a handful can be bought.

The turn is strange and apparently strong.

Good luck if you try it and don't go mad imo.

[superg1] 27/11/2014 10:09

Octopus

I entirely agree. The share price on most shares has little to do with the prospects.

Naphar

Thanks.

In the past TW has rubbished many shares and I know little about them. I therefore conclude he may have a point, but then when he tries to pick holes in shares I did follow I can see it's full of lies or misunderstandings.

In other words he doesn't do the research he claims and just talks BS.

He probably drank too much wine pre typing that.

The SWD comment is laughable.

The iodine price false market has been explained. Production currently seems to be well below demand. Inventory dumping from two desperate companies have been the issue.

The stance of SQM was confusing until they released news recently. They have been creating this low price to crush RB and Cosayach.

They said they expect prices to keep falling in Q4 well they did a little and we are 2/3rds of the way through Q4.

They expect prices to bottom out and rise next year. Possibly staying low in Q1 as they don't know exactly how low inventories are.

That news was all prepared before the Cosayach raids started.

Here's my forecast. SQM are looking to wipe Cosayach out. They knew the German and State street bank issues were on the way. Those will cost Cosayach $190 mill.

At half that Cosayach nearly went under with SQM about to take them over. What we now know is that through the legal system Cosayach dragged out that liability for 14 years. but it's finally been settle.

On top of that last week the IRS have hit them for tax fraud of $81 million. One of the bosses just got out of prison from the water theft, he's named in the fraud too.

The penalty is up to 15 years in prison and 4 times the fraud in a fine. They will at least have to return the $81 mill with no doubt many millions on top.

Added up it's $300 mill to $500 mill of payments and fines they face.

Part 2 of SQMs low price plan is to scupper Bullmine. In the high price days Bullmine hatched a plot to spend $33 mill on a pipeline and add capacity. Their opex will be higher than the current price so they can't and won't proceed.

SQM are known historically to buy iodine companies and just close them to. They did it with Minera Falcon and to some extent that DSM Iris plant which they shut down after buying it for $100 mill.

I'm backing SQM to crush Cosayach as Cosayach hit these big troubles. SQM will get them cheaply and wipe them off the iodine map, they want their lithium leases.

[che7win] 27/11/2014 09:19

OPEC decision today, I expect no change as I said yesterday, seems the market is expecting the same.

I wouldn't be surprised to see oil price dropping to $60 on no change over time, but as we've seen with gas fracking, production of gas in the USA didn't curtail, even with breakeven prices.

This is a good article if you want some perspective:

[octopus100] 27/11/2014 09:05

Ironically its true if there was no water the price would be North of where it currently is. The water(Iofinagate) scenario is causing the price to yo yo. It may actually benefit the company in the longer term if it gets rid of the speculators. However you run a slide rule over this company whether its with or without water, the market is probably not fair valueing the company at the moment.

[naphar] 27/11/2014 08:58

SG , tried looking TW in the eye, it physically didn't work.
TW did a podcast which included a piece on IOF on Nov 25th. Probably a driver of the fall yesterday, so bad timing for Heartwell posting last night. Apparently IOF have bad management, that was true before Lance came back, but now?
Apparently we will keep burning cash because the iodine price is in freefall. Well yes it has fallen a lot, can't argue with that, continuing to do so, not so sure.
The balance sheet is a disaster according to him, with customers that never pay. Well sure we have loan debts, and we always have receivables, but I don't recall seeing high receivables write off charges, so doubt we have a situation of customers not paying. As for the debts, we took on debt finance, albeit convertible, early stage in the growth phase and we needed to fund it, fundamentally nothing wrong with that.
Supposedly we will keep burning get cash because we need to keep building salt water injection wells. Laughable considering we don't build injection wells currently.
And apparently the oilier are our customers.

He won't buy at the current price or probably at any price. I can live with that, at least he wasn't calling the management a load of crooks. Seems he just has a personal hatred and can't be bothered to understand them a bit more.

I'll stick with my gut feeling here for some time yet, that Lance and Co have the technology and business nouse to deliver future cash flow and profitability, even at the current iodine price

Edit: of course I meant to type nouse above, and not as the previous typo stated! Now corrected.

[superg1] 27/11/2014 08:36

Where are the posts of TW. I would be most interested if they contain lies. If not I'd rather eat some week old cold porridge out of the bin.

Don't judge him on the internet, shake his hand, and chat it only takes about 20 seconds to suss anyone if you look them in the eye.

[superg1] 27/11/2014 08:32

Probably Mr B squeezing the shorts if they bothered. They didn't of course it's just daft hot air.

Nah nah, nah nah nah? stopped working on me in the 70's, I've grown up since then (well in some respects), some haven't.

As CK said growing up is optional, growing old isn't.

[johnsdale] 27/11/2014 08:30

Personally I think heart is a good luck charm, whenever he arrives the next day the share price rockets ;-)

[stevo2011] 27/11/2014 08:30

One hell of a shorting campaign in the " first 30 mins "

[che7win] 27/11/2014 08:29

Heartwell,
If you had any credibility before yesterday, it's certainly for all the wrong reasons.

I think it's safe to assume, with your 100% fail track record, we should be doing the opposite of what you say.

Just one thing - please, please, please never tell me you are bullish on IOF, otherwise I'll have to sell:


"Heartwell 26 Nov'14 - 21:44 - 27216 of 27231 2 1

Shorting to start tomorrow judging by postings from TW crew.

Could get nasty in the first 30 mins"



"Heartwell 29 Sep'14 - 15:35 - 24877 of 24881 0 1

You guys should be more concerned by the next list of excuses for these plants not working. All leading to a cash call. Probably at 20p
Sell now and preserve your captial. It's going to be alot worse tomorrow morning"

[tim3416] 27/11/2014 08:25

Think somebody knows something....

[y1phr] 27/11/2014 08:09

Good start.