Iofina Share Discussion Threads

[monts12] 28/8/2013 12:51

or LAITNEDURP, lol

[sandbag] 28/8/2013 12:49

worraps,

"I'm thinking of re-naming myself an Institution, as 'worraps' doesn't quite seem to quite have the right ring about it!"

Should have called yourself elgae or rodnoc- something heavyweight. LOL!

[neddo] 28/8/2013 12:42

little disappointed with the present sp, even though I am still a five and a half bagger, ?

[superg1] 28/8/2013 12:36

Had to have a read shonny.

What's the chart got to do with results.

IOF talk triple digit growth but that's a bit hot considering early issues.

So let's halve it and go for that on the chem div yoy.

What's your figure for H1 yoy. um errr um. yep you haven't a clue.

[escapetohome] 28/8/2013 12:36

Worraps - really sympathise - I think I remember you from the Coal of Africa thread and you had a bad experience over there, with the dropping share price.Not sure it was you though.

I think you bought into IOF and initially had a good start, but now the share price has fallen back.

Luckily I bought some back at the 20 p level, and made a few mistakes selling on the way up, but still retain a portion of those i bought at 20p. I sold a quarter of my holding at £1.90, so I am not underwater yet.

[supreme mo] 28/8/2013 12:33

50k sitting on the bid at 1.30 showing on L2.

[superg1] 28/8/2013 12:32

Just about all we said about SQM over the last 18 months has come to pass, contray to the big analysts calling it a buy and outperform at a $60 share price, now under $26 in 6 months and they are still downgrading it. I didn't see the potash issue coming for them.

I said they would go defensive and that all the bull about the intent to increase production was exactly that BS.

Amazing how PI's sitting in the UK could see what was coming but, top analysts for big companies couldn't in

The rising opex in Chile is there for all to see. SQM are far too busy squabbling with Cosayach and others.


If the results show 30% yoy better, 40% or more there will be some head scratching by some re how.

It's quite simple IOF said the chem div is doing well, it was repeated in the presentation in May. Then an IOF PR guy kindly put in in print in the last few days, as per a recent post.

That sort of growth on a dodgy H1 production period, with near 20 times H1 production rate planned over the next 6 months.

[shonny] 28/8/2013 12:30

Superg1

Have a look at the chart.

[monts12] 28/8/2013 12:18

Another 50,000 just been mopped up at 1.35...

[superg1] 28/8/2013 12:18

Oh the old faves are back.

Where are your predictions, other than sod all.

Results will be good, you have been warned . :-)

[worraps] 28/8/2013 12:17

So, if all this positive news and expectation is 'out there', and we cannot be the only ones asking for clarification from IOF, as the Institutions will have much more of a 'hotline' to the BOD than any of us, why the ridiculous shareprice?

retiree, yes, I get your point re "softly-softly", I've been doing so much 'softly-softly' myself these last two dire months, I'm thinking of re-naming myself an Institution, as 'worraps' doesn't quite seem to quite have the right ring about it!

With SQM quite openly revealing their problems with competitors, I really cannot go along any more with the 'under the radar' theory. They would have begun finding out who's out there months ago, especially after Lance's visit.

The shareprice has a lead weight attached to it, and so far, there seems to be no really logical explanation to it, as far as I'm concerned.

This may come across as a completely daft idea.....but stretching the imagination quite alot, if IOF were actually in takeover talks already, would they actually need to take on a CEO at this stage, considering we have a new CFO now? Get my drift?

[shonny] 28/8/2013 12:09

Wasn't this supposed to be £3 by Xmas or was it £5. More like 30p I reckon. What a bunch of ramping clowns we have here. If you want to hold on to your money give their ramblings a wide berth. This is only going one way and it's not north.

[superg1] 28/8/2013 11:43

To clarify

I asked re 'why no trading update' in the production news.

Also if a trading update would come pre interims.

One may come, but I understand the nomad feels there is no need as it is in line with expectations, of the growth already spelt out for the chem div.

So if some think it's worse yoy, or flat, then they WILL be wrong.

[superg1] 28/8/2013 11:22

Vote it down bears, you'll see. lol.

I had a full look at the SQM results, they did 5k mt v 5.7k mt last year.

That will be the other Chile guys, so a collective 700mt, between them taken out of SQM's pot.

Sirocco had some of that, then you can split the rest with Algorta, Cosayach and Scm Bullmine.

I've no idea re Cos opex , but Algorta and SCM are said to be in the 40's.

Sirocco say they are going on an inventory build H2, so that takes 600mt plus out of the supply market for H2.

[superg1] 28/8/2013 11:13

We've had production news.

the update missing is the chem div news.

On that front I suggest you read Ansana's post on the subject.

A bit of a slip by the person sending that info imo . I've heard the same good things about he chem div and you will see when that update comes.

I am very confident the chem div yoy will have shown some good growth v 2012.

Probably contrary to some of 'the balcony' but what they want re that, isn't coming.

[worraps] 28/8/2013 10:34

But surely, if all the PI sells are moving into the hands of the institutions, therefore being taken up.......the price wouldn't be going down, would it?

[the fat controller] 28/8/2013 10:21

Impatient to the patient, eh Lib?
TFC

[albany30] 28/8/2013 09:42

I should add I have faith in IOF and will continue to hold but the lack of corporate authority in this company is worrying.

[albany30] 28/8/2013 09:40

Festario - exactly what I was about to post. The constant 'updates' on these threads and speculation about non-existent RNS are irrelevant for those of us obsequiously holding. The IOF share price is currently a straight reflection of a company minus a CEO, yet to post a profit and worryingly overdue on actual production news.

The share price hovering in the 135 to 145 region is possibly generous given the hard facts about IOF.

[festario] 28/8/2013 09:30

I was just able to add at 135p, not because of any 'BUY' signal, but because I think it was great value. Averaging down again, but I soon expect to be averaging up!

[festario] 28/8/2013 09:21

Titus10, this supposed confirmed 'Buy' signal from a couple of weeks ago. You have gone strangely quiet in the meantime.
I don't have much time for TA in most shares, (despite your claim that you have made a living from it), I have only ever seen supposed TA gurus posting endless predictions on many shares I have held. They are wrong much more often than right, and that pattern seems to be being played out on this one too.

The IOF shareprice will move when the market and IOF take certain actions, not when a collection of coloured lines converge.

[superg1] 28/8/2013 08:57

Escape

The good thing about a 'price war' is that certain producers are said to be in the 40's opex.

I heard way back that SQM would want it above $45. The IOF affect won't be significant yet but could be over the next 6 to 12 months.

Helium

I've noted Weil and Bo sears are getting very vocal on helium now and make this comment the the Montana helium.

This is from last month-:

'We successfully drilled a well exclusively for helium last year in northern Montana where development plans are currently underway.'

Weil are looking to get big on helium, however that well is on a small lease holding surrounded by 1000's of acres of IOF leases.

I wouldn't be surprised to see Weil going after the rights to IOF helium near term. I hadn't really been looking.

I don't expect big bucks for helium rights but a few million in the bank while the iodine grows would help things along.