Iofina Share Discussion Threads

[bobsworth] 10/7/2013 15:59

Thanks diggulden.

Onwards and Upwards.

[diggulden] 10/7/2013 15:56

The 35k at 195 will be our last stop before 200 I would think. Volume not that high today but any shares available have been slowly nibbled at. Steady she goes.

[boo 2 goose] 10/7/2013 15:24

only 30p to b/e

[che7win] 10/7/2013 15:17

King,
lol, yes, I think in the very long term :-)

[engelo] 10/7/2013 14:21

and the 190s: working on the 191s now. Fortunately out this pm so no more share price watching :-)

[engelo] 10/7/2013 14:13

Looks like the 189s are history..

[superg1] 10/7/2013 13:35

AVN

Not a lot of fun today and the one share I've been saying steer clear of since the £7 plus days.

I still have some stalkers since my AVN posting days.

I noted comments on the lines of it being like IOF recently and some buying for the jump back up. However AVN's case is about missed revenues, and troubles with little to help recover that short term. Whereas IOF are on the verge on creating significant revenues and a promising future.

Scrut

I think CEY is very high risk due to the uncertainty within the country as was demonstrated when the price collapsed. I note you cover that, but don't get the point of knowing that, and throwing cash at it, hoping the worst won't happen.

[noli] 10/7/2013 13:16

Thanks dig, any hint of any news and we will be over the £2 mark.

[diggulden] 10/7/2013 12:54

No unfortunately not, settled for a week in Edinburgh instead! Off next week actually, so could do with a quiet week on the share front.

I would also like to see some update as to plans for a mini, but think we may have to wait until Sept for that one. I'm pretty sure it will emerge that mini's will play a huge part in production for next year due to the easy location placing and relatively cheap cost to produce, will be perfect for certain locations.


L2 snapshot, you can see the 40k still sits there at 188. The 35k sat at 189 has slowly been snapped up so only 5.5k remain.

[engelo] 10/7/2013 12:45

dig: yes indeed, with a little encouragement as to how I03 and I04 builds are progressing. From memory I03 when operational is believed to be huge, but that info will come later (ping time). Don't go on holiday in August :-) (OT did you ever make it to Malta?)

[diggulden] 10/7/2013 12:32

Engelo, we must be very close to an IO2 update, I am hoping the new brine is now flowing through IO2 and they are observing production levels. Would be nice to get an official IO2 now producing 1.5MT per day type RNS.

[engelo] 10/7/2013 12:30

Hotr0d: well done on building adequate defences :-) Agree with your synopsis/last sentence.

Black Monday: my favourite post: unfortunately at the time was too frozen to act on it :-(

Iofina - IOF
Hurricane. - 24 Jun 2013 - 11:32:53 - 3376 of 4963
One hell of a buying opportunity is going on Bronco

Next RNS: fwiw my theory is that things don't happen on Fridays so either tomorrow or next week imo.

[king_roster_iii] 10/7/2013 12:02

Che, I meant to say last time when you mentioned eternity, that must make you one seriously LTH :)

[hotr0d] 10/7/2013 11:35

Has been very encouraging to see this recovery on the back of no new information so far, guess we'll see another good uptick after the next RNS (assuming it's well written and formalises what we all know regarding the potential). If this rising trend has been partly driven by II buying I would hope their positions will be much stronger if there is any retrace than we saw during 'black monday'. Likewise I hope any PIs rebuilding positions through SB accounts will be more cautious about margin requirements going forwards. Thankfully I didn't lose any of my holdings when the sell off started as i've been careful about leveraging my SB account but had some hairy moments there sitting on a paper loss until the recent recovery. I would hope there will be much stronger underlying support levels now if the dynamics of people's holdings has changed.

[malachey] 10/7/2013 11:32

Digg - we've been knocking lumps out of that 35k on the offer (now 16k). The 40k on the bid at 1.88 remains untouched, so I guess we're winning.

[scrutable] 10/7/2013 11:18

CENTAMIN

ONE OF THE FASTEST GROWING AND MOST EFFICIENTLY MANAGED GOLD MINES IN THE WORLD AVAILABLE for 36p AT 90+% DISCOUNT ON ITS UNRISKED VALUATION due to the political situation

The tourist trade on which Egypt mainly depends for foreign currency has come to an abrupt halt, and so therefore has the import of fuel.

It is unthinkable that the new temporary Government or its successor would allow any international contract to be deliberately abrogated, thus dissuading all desperately needed future international investment and seizing up the whole economy at the same time.

I am therefore confident that Centamin will not only continue its record breaking production in the peace and solitude of the Nubian desert, and its extraordinary financial performance, but be encouraged to do so. I have therefore recently trebled my LT holding.

I hold because CEY is IMO a gold miner, globally without peer, currently rolling out a tripling of production to 500,000 ozs by 2016. Yesterday it announced record production of 93,624 ozs, for Q2/13, a 39% increase Y on Y - and well ahead of its target of 320,000 ozs for the current year.

Compared with its share price rating as a high growth gold share of close to 200p, two and a half years ago when CEY had produced 150,289 ozs during 2010, the share price would today be well above 400p. The discount for the current political risk is therefore well above 90%.

At the current give away price of 36p capitalisation is £396m, and is at an unparalleled less than 2 times x Profit of £193m and Operating Cash Flow(OPCF) of £211m (both annualised from Q1 results).

At the same time Cash at Bank etc is £89m =8.1p/share but note that there is a demand from Chevron for re-payment of $39.4m still outstanding re past fuel subsidies retrospectively withdrawn. IMO CEY will lose their case on this but it is not material to their survival or ability to pay for future capex from their very high OPCF

Clearly the market believes that shareholders risk having their 50% shares seized, or production being brought to a stand still. But is that realistic when the new Government owns the other 50%, is controlled by the army, pro Western, and is really desperate for foreign exchange.

Is the market always right?:

IMO there is potential for a large share price recovery

[neddo] 10/7/2013 11:01

try living in Kansas, mention Darwin ,you could get burnt at the stake,

[the librarian] 10/7/2013 10:55

You ought to try the Scientology one on for size.... now there's a story! I like all of the theories!

[diggulden] 10/7/2013 10:52

40k on the bid at 188, 35k on the offer at 190, be interesting to see which way we move from here.

[che7win] 10/7/2013 10:46

Lib, there was a big bang and we all came from monkeys...

Lol! yeah right!

[neddo] 10/7/2013 10:41

off to chester zoo for the day, gotta feed you know who.

[spike_1] 10/7/2013 10:22

Bugga - quite right - shall now go and flog myself to within an inch of my miserable life.
Yours - so utterly ashamed - Mike

[madchick] 10/7/2013 10:13

Spike - I think you're forgetting that this is an iodine board and the iodine atomic number is for us what is the meaning of life. But we are a bit of a sad bunch, I admit :-)