Iofina Share Discussion Threads

[n3tleylucas] 01/8/2013 08:46

Look nash, as other wise heads have already said, they're falling into the trap of over promising and continually under delivering. Traders get spooked by that pattern, you don't need insider info, just a feel for these things.

Have a good day.

[pwcarnall] 01/8/2013 08:45

Temporary disruption and below forecast is what the market hears,multiple sites with high iodine concentrations is ignored.Watching winterfloods gyrations yesterday and today is fascinating.

[joeblogg2] 01/8/2013 08:44

Like a few others here came late to the party and now suffering a whooping loss but hopefully only short term until year end when hopefully they would have ironed out the problems and the builds upto #io6 will get easier.

[writz] 01/8/2013 08:44

Greenroom, I think that's a fair summary. The less positive elements in the RNS were all "knowns" - even the oil ingress. In reality production is going up pretty fast, and we have a company intelligently tackling all operational uncertainties that come with the territory, and adapting and extending their grip.

[uppompeii] 01/8/2013 08:43

Now perhaps calls for updates and pressurising the company into releasing them will be reconsidered. Let them get on with it. I'm not adding, but fortunately in a position just to let it roll out in a sipp. Some made comparisons with ASOS, well perhaps these days are like their little blips early on. Clearly now forgotten.

[ansana] 01/8/2013 08:42

If things were starting to turn against IOF in terms of the build why send this
"Do you anticipate IO3 being commissioned by September or before
September?
We expect IO3 to be commissioned in the 3rd quarter. IO4 should come
online late 3rd quarter or early 4th quarter with IO5 and IO6 in
operation by the end of the year"
They know everything is picked over on the boards and they were happy for me to post this. The basic problem is that no matter what they publish whether its thru rns releases or comms from ir at IOF many choose to constantly wring their hands. The shorters on here exist to undermine confidence and some on here aid and abet him/her whether they realise it or not. If you believe in the company go and find something else to do rather than screen watch and be tempted to say things like L2 is looking awful. Imagine the impact that statement has on nervous investors who are hovering over the sell button. It's all about sentiment. Aug 1st no news, get over it. Either get over it or get out of the share. Don't put yourself through the mill if its too stressful. Markets are all about fear and greed, so I will hold my nerve, I will retain my shares and go out and enjoy this glorious day.

[nashwan123] 01/8/2013 08:41

Cheers Netley
presumably you must have looked at last set of figures and calculated a value if not in the know re production hiccups?

[greenroom78] 01/8/2013 08:38

nashwan - see my post.

It is not about rampers and derampers. More about a hot share price which had no room for a bit of disappointment and lots of holders on margin who can't afford a drop. It now comes down to needing buyers to fill those being sold on margin calls.

The Fundamentals have had a bit of a hiccup but only short term (IMO).

[plasybryn] 01/8/2013 08:38

Being careful and holding reservations and expressing those is surely based on many years of investment experience with early stage producers of what ever commodity.
How many times have we heard it all before?
If they deliver 6 by Xmas then fantastic, but so much better to promise 4, deliver 4, or exceed the market expectation.

6 by Xmas looks impossible to me based on current performance and under delivery will cause them to lose face, lose investor confidence and place them under a lot of unnecessary pressure. It will certainly not be good for the share price

They need to get real IMO.

[hiddendepths] 01/8/2013 08:37

The severity of the markdown suggests to me that there was little if any insider trading. Of course, it is not clear who's buying down here - could be shorters in the know closing out or bargain hunters/believers topping up - or a combination.

Spike - if you're referring to me amongst others, I resent the implication. This stock's been on my watchlist for six months. This news is worthy of comment even from those who normally believe they have little value to add to this thread.

[bobbyshilling] 01/8/2013 08:33

retiree - absolutely right. The company were pressured into this, but, even so there are more positives than negatives. Delays are the main problem both in building the units and water from the drilling companies wells in io2, but they are still producing, and around 1000kg from just two units, all be it only for a short time is mega, and we have even better ppm's to come. Just teething troubles, that's all.

[n3tleylucas] 01/8/2013 08:32

Now we have a nice wait until September's interims.

How's the private bulletin board going?

[nashwan123] 01/8/2013 08:32

OK Netley why were you so sure things were not as good as the rampers believed? Surely you had more than a hunch?

[superg1] 01/8/2013 08:31

Don't be daft re inside info.

Towers 4 weeks behind is hardly relevant for the bigger picture we talk of. They had already told us about brine reduction as new wells were drilled.

No longer is the 500ppm at io3 an unprovable rumour. They have said they have multiple sites of very high ppm, they have never spelt that out before.

The oil bit was a daft comment as they said the plant ran well and does even with oil coming in.

The main point there's that once again the operator has IOF back up to show they are injecting oil into the ground as well as brine.

That oil they collect, in the contract belongs to IOF. Out of courtesy last time they returned it. I presume they will dothe same this time, but legally they can keep it and sell it.

[beercapafn] 01/8/2013 08:31

Those wishing to invest in an ISA Monday have hit a sweet spot, rest of us, not the upbeat RNS we were hoping for.(:-(

[engelo] 01/8/2013 08:30

I03 taking much longer than expected, and against recent guidance. I02 still being delayed by operators. Both these problems can be extrapolated to other sites by a sceptical market.

Overall tonnage for H1 disappointing.

Fibreglass towers delays a nuisance: they should have got this right.

Water permit process delayed, but possibly not by much.

Against this, the future excellent iodine sources are a little bit nearer and clearer.

[n3tleylucas] 01/8/2013 08:28

nashwan123,

That's a loaded question ... to answer it implies I'm a de-ramper, which I refute.

[greenroom78] 01/8/2013 08:27

nashwan - I think it was more a case of expectations being set high and a lot getting priced in so there was no room for teething problems. I don't think there is a conspiracy to be had.

Long term nothing has changed (except Lance). I think they need to learn not to over-promise and under-deliver and I do hope they can stick to their target of having 6 plants up and running by year end. I do wonder if that has set targets a little high. Some more meet on the water contract bones would be nice as well.

NAI and JMHO.

[eeza] 01/8/2013 08:27

More successful PR.

[spike_1] 01/8/2013 08:25

Lots of new names this morning - I wonder why - NOT

[superg1] 01/8/2013 08:24

Just had a read. A repeat of what we already knew for q1 and 2.

The mt won't include recycling which we know is around 60mt Pa but higher opex.

At last in a one liner they have admitted to having multiple very high ppm sites. So now you know why, officially they are targeting OK. The lack of full 30k new brine is simply down to the start of the drilling boom. They mentioned that for q2 anyway.

Hydro sorb is a surprise to me, higher production and even lower opex, some digging to do re what that is.

Then Maxsorb on pods, another new one, which sounds like an improvement.

Water permit going fine, depot location, pumping location, rights of way etc, all sorted. Engineering reports are normal for larger water permits. With new O and G guys wanting water

[warmsun] 01/8/2013 08:24

I would vote for the subject of spreadbets to be never mentioned again in relation to this stock (I never have spread 'bet')...it just seems to give a loud open invitation to the MMs in times like today!!