Iofina Share Discussion Threads

[king_roster_iii] 26/9/2013 19:26

Scrutable, you know me so well :)

[spike_1] 26/9/2013 19:06

CF arrogant? He would have had to agree to a post results presentation just for pi's, and on the same day when they are around for two weeks. Amazing that they did it.

They way he dealt with questions certainly wasn't arrogant IMO, and he certainly didn't talk down to us.

In one case he even said "... I don't think I've actually answered your question have I" and in a warm refreshingly candid way. (It was when one of us asked him to effectively talk us through his plans for selling iodine to the market).

A sure hand on the tiller. Would that many other companies had such an apparently superb team.

He also said - regarding a take-over - something on the lines: with the team and experience we have between us, you couldn't be in a better position.

Yup - I'll sleep at night.

Cheers - Mike

[scrutable] 26/9/2013 18:45

Most spread bets are derisked by the service supplier by buying the same shares in the underlying market. The holder of the position may not vote or have a right of entry to company meetings except by permission (which has never been withheld from me).

SB trades therefore have the same effect on the share price as any certificated shareholder, except that for IOF the effect is four times as large (and for larger companies up to x20 times as large). One can easily justify the argument that SB holders are indirect investors not unlike a nominee holder, who also has no absolute right of entry to a company meeting.

Most nominee holders seem to comfort themselves with a meaningless, self appointed, moral distinction. The fact is that the gearing /leverage gives the SB holder that much greater power to affect the market..

It is as pointless to argue about any moral distinction as between two religions, and I don't suppose any religious person would agree on that either.

But it comes with a health warning.

[jbe81] 26/9/2013 18:35

superg i know you are aware of aaz, todays rns worth a read, share price is being kept low, a significant resource upgrade is expected next week and q3 figures should be good, should re-rate very soon

[diggulden] 26/9/2013 18:14

I think it might be time to draw a line under this discussion chaps and move on.

You can filter anyone if you don't want to read their posts.

[warrensearle] 26/9/2013 18:08

I don't hate him and I don't want to offend it riles me slightly that someone who is not a shareholder but a spread better purports to talk for actual shareholders.I do enjoy his posts his attempts to rouse shareholders to write to the company demanding an update and then getting wiped out when the update came is the stuff of legend.Taking the board aside and showing them a graph of asos share price telling them they can't see the woods for the trees he is entertaining I will not deny

[scrutable] 26/9/2013 17:35

warrenearle

You would not have dared to say this to my face yesterday at the Grange. Try graffiti in your own locality.

".......I don't think you are trying to help I think you are trying to better your own position by constant ramping on here of other shares You are Over leveraged on GDL in particular......."

You have some nerve. Why do you repeatedly apply your misanthropy to my motives?
How the hell do you have the faintest idea how I think?

Anyway with GDL up exactly 100% in 17 days isn't that a good place to be over leveraged? You havn't explained why I should be ashamed of it.

Keep to the argument. Don't pollute it with negative views of my motives when posting. You're wrong, and you're the kind who can't stand being wrong.

[spideyyy] 26/9/2013 17:07

hi sg1
re water I picked up on that.CF seemed to downplay the water side at the AGM and from memory mentioned the weather holding up the build time but yesterday he seemed alot more upbeat about the project.Are things alot more further forward than we are led to believe ? thnks

[sandbag] 26/9/2013 17:05

The picture of the loading bay of a water depot on page 16 of the printout (for those who were there yesterday) show how basic an operation it is. All that's needed that's not shown are pumps and filters to extract the water and pump it to the bays.

[superg1] 26/9/2013 16:55

While mentioning the water, there was clearly no hiding in the shadows on that subject.

While the timing for the permit is unknown, once done, it was said 3 months from permit given to depot complete, with no real concern that the weather would slow things up.

As for all the waffle posted by some about the complications of building a depot, it sounded like it is no more difficult than shelling peas.

As we suggested and was commented on, all the hard work is done pre application (land leases, rights of way etc).

[monts12] 26/9/2013 16:55

Sandbag & cordone
Agreed.

[cordone] 26/9/2013 16:50

Monts,
CF was quite relaxed and delivered pretty confidently yesterday.

Got to say that I wouldn't descibe him as arrogant necessarily but I would say that you could sense his irritation at one or two of the questions put to him.

As was said by somebody previously, Fay, Lanz, Gatchell and Lance are a pretty formidable team such that we all should be able to sleep soundly knowing that we're in very capable hands.

[richi_rich13] 26/9/2013 16:44

As a long time lurker and holder can i thank those for their contributions and feedback yesterday and the previous 18 months.

Since the board seem resigned (or elated!) To a take over in the next year to 18 months was their any indication to the shape of a take over? It is suggested that iodine would be the driver for any bid, but in a years time hopefully the profitable water business will be running and more information on the oil/helium around?

I know sg1 has previously indicated he believes the water business will be sold off once production has begun, i am wondering if this is the view of the board? To break the business up to maximize price or sell as one?

[sandbag] 26/9/2013 16:41

I agree with monts12. I thought he was pretty good. Having worked as a contractor for Shell I found their senior men to be very arrogant so with that experience and the comments made about his RNSs I was expecting the worst. I was pleasantly surprised.
I see there has been comments about George's presenting skills. Personally I'm not bothered. I want him out there getting thigs done.

[monts12] 26/9/2013 16:41

KR
Indeed, and probably muttering "damned whippersnappers" under his breath...

[n3tleylucas] 26/9/2013 16:40

They laughed at you monty, but you got them ... with that question.

[che7win] 26/9/2013 16:39

It looks to me that there is a cosy relationship between all of the iodine producers. Of course, I wouldn't dare mention the word 'cartel', that is forbidden under US law.

The more I think about it however, the more it seems to me that SQM taking over IOF would be a good strategic fit for them. After all, SQM have a big iodine chemical division in the States:

hxxp://www.ajay-sqm.com/

If I were in SQM's shoes, I think a takeover of IOF is a necessity within the next 6 months. Just before IOF have to show the world / it's shareholders how disruptive it can be.

I wouldn't be buying IOF to expand operations, rather the opposite. I'd buy them and halt all expansion in order to protect my Chile operations.
It's quite a normal takeover scenario - buy a small upstart and shelve their product/technology.

I do agree with the comments made on a takeover - whoever trys to take us over will have multiple rivals competing. The Japs already operating in the US will be eager.

[king_roster_iii] 26/9/2013 16:36

Not disputing his success Monts, and he was certainly open and candid afterwards, but he does have the demeanour of one who has been ceo of a ftse100 for a number of years and likes to be listened to rather than the other way round.

[n3tleylucas] 26/9/2013 16:36

Oh dear ...

[monts12] 26/9/2013 16:29

I thought Chris Faye was quite good yesterday, spoke in a matter-of-fact but quite knowledgeable way (which some do not like, I suppose). He reminded me of one of my favourite actors, Anthony Hopkins! Anyway you can't disregard his career record and background, he might sound arrogant at times but he's been there, done it and got the T-shirt :-)

[meadow2] 26/9/2013 16:20

dnair28 - You only have to notice the number of amendment rns's which are issued to realise how poor these - so called - expert financial companies are at times. Often dates, numbers, etc are incorrect and it must cost someone a lot of time and money to put out new notices. I wonder what they say to their customers who are charged large fees for their professional services!

[superg1] 26/9/2013 16:17

KR

We'll do the web work for them and keep them up to date with anything relevant to their business. After all we are shareholders and have an interest in the success of the business.


That also includes keeping an eye on competitors and seeing what morsels we can get out of them through comms.

E.G. It looks to me that some existing Japanese connected US producers have historically shafted the local OK land owners, in deals they did re brine leases. There are forums on that too.

Then along came the nice US IOF folk...............