Iofina Share Discussion Threads

[bogg1e] 13/8/2013 10:47

Thx chaps.

[superg1] 13/8/2013 10:43

Bogg

Funds and the city in general take a cautious view of any share without a CFO on the BOD.

I understand that will be fixed near term.

[sandbag] 13/8/2013 10:42

"Bogg1e 13 Aug'13 - 10:09 - 6941 of 6948 0 0

Forgive my naivety but what is the essential difference between a company accountant and a CFO when the company is as small as IOF? Tia."

My experience is that often a fancy job title can save a pay rise. I don't believe for one minute that IOF really need a Procurement Director. A Procurement Engineer would surely be all we require.

[malachey] 13/8/2013 10:41

Thanks for the input Titus10

[bogg1e] 13/8/2013 10:39

I put this on the TA thread, perhaps better here:

I dont trust elliot waves as a general rule, but the one year chart does have a fairly discernible 5 wave up and 3 wave down pattern ending with the drop (C Wave) a few days back to 140pish. If this bounce holds we could be seeing the formation of the new first wave up, resuming the climb found in the first five waves as according to elliot wave principles.

[titus10] 13/8/2013 10:34

engelo: Elliott Wave analysis is notoriously easy in principle but often fiendishly complicated & beset with exceptions in practice, so students often drop it when it proves difficult.

The Elliott outline has been followed quite nicely since Oct 2011 in the case of IOF, which is why I've noted it here. I did think it likely that the down-wave since mid-July (called C) would extend to at least the 1.20 area, but there are no absolutes in this game and other study indications are that the tide may be turning hereabouts, as I've published. Which of the "hopefullys" turns out to have been the catalyst may be expected to emerge in due course (in the absence of a Black Swan).

[bogg1e] 13/8/2013 10:27

"Any boss that lacks that basic skill is often useless, you have all probably worked with one."

Yep!

[bogg1e] 13/8/2013 10:26

Found this from a few years back when a Mr Coddington was made Finance director:

In February 2010 Mr. Coddington was hired as CFO of our wholly owned subsidiary Iofina Chemical, Inc to strengthen the Finance controls, procedures and budgeting aspects.

I assume the new CFO will have that role too.

[superg1] 13/8/2013 10:25

Bog

I doubt an advert went out. There is a lot of experience in IOF in the BOD in relevant sectors, so they will no doubt have a few in mind.

However it doesn't need someone in the sector. The many hats hard work is done, and they have plenty of expertise in the iodine sector.

So a dynamic leader/decision maker would be the next step imo.

Any boss that lacks that basic skill is often useless, you have all probably worked with one.

[superg1] 13/8/2013 10:21

I go on about True oil and the new well, but they have a number of producing wells in place already, known as the Utopia field.

I haven't looked yet, they could be 5 to 10 bopd wells for all I know, so not much and at a different level.

Any idea's Rug to save me the time.

[bogg1e] 13/8/2013 10:21

I have tried to find the description for the required CFO from Iofina's website but cant find it, does anyone have a link to the CFO position and job description pls?

[engelo] 13/8/2013 10:09

Titus: have been watching your Elliot wave projection play out: let's hope it HAS now played out :-)

Strong hints from contact with the co that CEO selection is close following interviews with a good set of candidates. Believed to be oil man. It is surmised a small delay in case of snarl ups before it is formally announced.

[bogg1e] 13/8/2013 10:09

Forgive my naivety but what is the essential difference between a company accountant and a CFO when the company is as small as IOF? Tia.

[sandbag] 13/8/2013 10:05

Titus we aren't short of a CFO. We've now grown to the size where we need a CFO. Previously the job was done by someone wearing more than one hat, just as the design work and the procurement was. In a small company the CEO can also be the mail boy, the gardener etc. As a company grows these positions require a full time presence. We're now growing to that size!

[meadow2] 13/8/2013 10:04

Titus, there are always people out there looking for an exciting, well paid job with good prospects. The problem is finding the right candidate for Iofina (or which ever company is looking). Unfortunately, no one really knows if they've found the right man or woman until the appointment is made and the appointee is, or is not, proving their worth. I don't envy the board their task and wish them every success in the search for the right person. Hopefully, the news of an appointment will come quite soon as some commentators on this board seem to be hinting, although where they get their information from is never revealed!

[titus10] 13/8/2013 10:03

Bog

Can't argue with that. So if "there are plenty of candidates who want the job" ???

It was just a thought. With thousands of conjectural posts proliferating on this thread virtually continuously "news of the CEO appointment" caught my eye and I wondered if it was a fact.

[bogg1e] 13/8/2013 09:50

Titus, with unemployment still high in the US and given the number of directors who have stepped down over the past year or so from transnational corps etc (which by the way is a huge figure - check out forbes - they have run some articles on it) there are plenty of candidates who want the job!

[titus10] 13/8/2013 09:45

Good to see Level 2 supporting what chart reading may have been suggesting for a while (see the TA thread for mine).

dig: what CEO appointment? Has it happened?

If not, why not? The acting Chairman would no doubt appreciate it, it's obviously needed and the arguments about 'getting it right' seem increasingly thin to me. The previous guy - the cornerstone of the operation - left on health grounds, one understands. Does nobody want it? Perhaps those who know it all here can enlighten a mere chartist. Oh, and we're short of a CFO too, aren't we?

[superg1] 13/8/2013 09:43

Engelo

I don't study shorting in great detail. So I go on the various bits and pieces posted and the little bits I've read.

You will also notice on many shares where shorts close a spike appears

However it is what they call stock on loan. That seems to be a basic expanding of the share pool.

E.G if you have 50m shares in company and 2 mill stocks short/on loan. It represents as if the company consisted of 52 mill shares.

So if the shorts open in a buying period of 2 mill shares, they effectively create as supply of 2 mill shares.

When shorts close, it's like a buy.

If you imagine someone trying to offload 2 mill shares in a hurry as a sell, the price would drop, if that is due to bad news, others would be exiting and a big crash would come.

If significant good news came, shorts may wish to close. significant volumes of shorts closing would cause a price hike. If that coincides with people buying then the problem is compounded for them.

We all know how difficult it is to buy in numbers when positive things happen, it's the same when negatives come.

So when I see the shorts building, it's just stock on loan, with a short term views, to exit at a point of their choice. However events can quickly change the plan.

The current iof situation is a bid drop representing them being a few months behind, but quite clearly with better ppm and new tech to exploit extremely high multiple sites and larger bpd sites.

If IOF build up to io4 this year, great. If they get to io6, fab.

Will a short want to be in place at this price, post io3 or 4 built. Or sit on the risk of other IOF assets making ground?, of course not.

They are short term gamblers and as each day goes by, it's one day closer to plant builds and other factors.

So in which box would you want to be, based on the info out there.

Add in the factor that many iof investors did exit, and are looking to come back in. some look to add. With some new arrivals on the horizon

[warmsun] 13/8/2013 09:39

Some serious buying going on.....excellent...!

[freshvoice] 13/8/2013 09:34

Beercap

See it has started, I hope?

[malachey] 13/8/2013 09:31

excellent continuation of yesterdays rise. Buys vs. sells on the book hasn't looked this healthy in a while!

[diggulden] 13/8/2013 09:21

If I was a betting man, I would say the news of the CEO appointment is starting to filter around circs in the city. My opinion only.

[n3tleylucas] 13/8/2013 09:13

"If you short and close you end up with zero"

The stock was 250, it's now 145 ... zero?