Iofina Share Discussion Threads

[captain_kurt] 24/6/2013 22:06

I see CR is still talking about IOF, but strangely fails to mention his NANO holding that has fallen considerably over the weeks

[madchick] 24/6/2013 22:03

Phew - over 400 posts to read when I got back home!

I'm with noli really, I prefer to let the BoD decide when they think it's safe to shout about what they've got since, for me, the long-term view is what I have my sights on. My fear of ruining tomorrow's chances is greater than my fear of a one-day bear raid or whatever today was. Easy for me to say, I know, since I hold shares and not a SB (but that was my choice) and only intermittently see the share price at work (and fortunately never saw it dip to 113, otherwise I may not have got any work done today at all!).

I still trust the BoD and still think they are doing a great job. I don't think that IOF will get taken out for three quid because the BoD is savvy enough to know the worth of what they have built up and am sure they could persuade IIs not to take an early offer.

I am a bit worried that today has attracted a lot of traders to IOF and so the climb back up may be more of a struggle than it was before, but once IOF's PR "pings", today, I hope, will just be a memory.

[eeza] 24/6/2013 22:00

MM's undoubtedly took advantage - however the share price started dropping sharply within minutes of the AGM. That was entirely due to BOD putting out a statement which read like a profit warning. The BOD are in danger of losing market control - today being an example where they were forced into having to issue an humiliating WKONR release, instead of being able to release info on their own terms. They really need to get a grip on events now.
This is self inflicted injury.

[superg1] 24/6/2013 21:57

That's the madness of it all Riki, it's better than before as I'm sure will be reflected at some point.

I thought 450mt plus units, abnormally high ppm's, and Hyper ppm's was a bit of a clue.

They have done enough hinting, but need to stop that and spell it out. Other public companies display their ppm's and true forecasts, although those are caliche deposits.

We have the bpd capability and yield rates proven, there is just a piece of the puzzle they need to declare.

That said it's probably an ongoing matrix at they have already gone from high, to abnormally high, to Hyper, and the drilling action has only just begun.

[captain_kurt] 24/6/2013 21:53

Wild ride leaves Iofina's injured investors reaching for the iodine

[che7win] 24/6/2013 21:52

hxxp://www.thetimes.co.uk/tto/business/markets/article3799496.ece?CMP=OTH-gnws-standard-2013_06_24

[uppompeii] 24/6/2013 21:50

Naphar, I did some research/study ages ago on the actions of the crowd in the french revolution, its actually really interesting stuff, in a way these boards are a very similar to that behavior, Wasn't a criticism of digg, just that he posted what he did, I guess many did the same thing, its interesting how cohesion and unity can break down and people then act as individuals, self preservation according to their needs, a microcosm of society perhaps.

[rikivilla] 24/6/2013 21:43

What a day!! I was stopped out on my spread bet but still hold the underlying. Has the story changed - as far as I am aware nothing, we have had a slight slippage in rollout but ppm's on new sites should be higher, leading to higher profits. Classic case of fear and greed today. Maybe some of us have been greedy but I really believe we have overplayed the fear here. Very happy holding and really believe we hav a great buying opp here.

[superg1] 24/6/2013 21:41

I'm sure IOF are now fully aware they need to get the PR in order, and open up with a more accurate picture.

Obviously what has been turning up in OK is relatively new with all that well action.

That is obviously just the core business and doesn't include the freebie extra assets of what they have.

[skylite] 24/6/2013 21:35

Of course it was tongue in cheek escapetohome, do you really believe I'd be imploring Lance to release an RNS because 24ric has got through 3 bottles already and gibbering? He's like that everyday man.

Lance, or whoever, do need to set the record straight now this under the radar stance is not needed. One of the fundamental tenets is to maximise shareholder value and as there now seems to be no need to play things down then perhaps they should be maximising value for shareholders, plus these types of days leave us open to a low ball approach.

[naphar] 24/6/2013 21:33

upp, Dig has described the situation pretty much as I see it. He sold and bought back in lower. I held my nerve, sold other holdings and fully funded my account to ensure I would not be closed out.

I am not sure there was a right or wrong way to do it, we each have to do what's best for us at the time.

NAI DYOR etc

[uppompeii] 24/6/2013 21:22

Digg, no offence intended but you know the story and still sold ? Looking back does that make sense now even though you managed to buy back in cheaper?

[superg1] 24/6/2013 21:20

Bobby the position has changed it got better as will be proven in the coming weeks and months.

IOF just need to improve the PR side of things to get the facts out there and not worry so much about protecting what they have found. They have the contracts and plenty of leases.

They quoted that the radar would ping anyway in 2 months.

[diggulden] 24/6/2013 21:18

FWIW, the investors that have been here a while know the story. That has not changed. Suggestions that production figures are likely to be better than was expected is great news, once they RNS it!

But what do we know.

IO1 and IO2 are producing and should produce at least 250MT this year. (although rumoured to be substantially higher).

IO3 is currently being constructed and suggested IO4 is also now under construction.

IO5 and IO6 are still planned to be installed and/or producing by year end.

Even on a conservative, and this is very conservative, that gives us an exit rate production figure of 1250MT. Personally, FWIW, I think it will be closer to 1800MT exit rate for this year.

These things have not changed.

We still have the Montana water permit in, should have prelim approval in the next 60 days.

We still have patents due any time soon, which will be confirmed by RNS.

We still have an increase of brine set to go to IO2, which hopefully will be confirmed by RNS.

We will have a new CEO to be appointed, which will add stability to everything.



Today was mad, no doubt about it, but everything that has been researched and communicated by the company still is in place. We still have excellent prospects moving forward and hopefully the share price AND share holder confidence can begin to rebuild.

[che7win] 24/6/2013 21:18

Cyberbub,
You're way off on expected pretax profits this year. I think £6m is achievable, based on two plants running a full year and the rest for partial.

Next year should top £30m pretax, or a 500% increase over this year to give 24p EPS.

Some think next years figures more than double that, any way you look at it, the brokers target of 230p for a growth stock is too low IMHO.

[square1] 24/6/2013 21:17

Spread betters do not trade actual shares? Really-how do you think spread betters work? Buy and sell on a spread and witness your trade go through the market, but of course they don't trade shares....please!!!!

[escapetohome] 24/6/2013 21:15

end of - over and out

[escapetohome] 24/6/2013 21:14

Fact - leveraged trades accentuate the swings.

[coldfish 2] 24/6/2013 21:09

omg what happened here

[skylite] 24/6/2013 21:07

Oh purleeeeese escapetohome get off your high donkey. It was a bit of fun, leave 24ric alone, he's a gibbering wreck.

The company should broadcast an accurate account of what is going on, if you think they shouldn't good luck to you, many don't feel the same about it as you so wind your neck in. A lot got burnt today and at least some of it can be attributed to the tone and content of the last few RNSs.

[escapetohome] 24/6/2013 21:06

Get real yourself - read the levarage comment through spreadbetters also

[worraps] 24/6/2013 21:03

Sorry, but I don't think a 40% overall drop in the last few trading days, can be described as "market makers playing around with the price". A few pence here and there would be that, not 245p, down to just over a pound at one point today! Get real. This is more than playful market makers.