Iofina Share Discussion Threads

[ramu kumar] 07/10/2013 23:04

Okay Guys,

I feel much better now with all the rapid positive reaction to my rants.

Not a good day at the office today and my apologies if I came across negative - after all why should I be negative when it's my biggest holding after FUM.

Thanks for being civil and positive.

Ramu

[crazycoops] 07/10/2013 22:58

Not one or two hiccups, more like one or two dozen hiccups.

Ramu,

I don't agree with that perspective. Water has taken longer than first anticipated but it was always non-core. Lance's health problems could not have been foreseen. IO3 was switched from Texas to OK because of a strategic decision. The market heard delays but in fact, it missed the significant upside behind that strategic decision. It is now going to be a much more profitable plant.

I stand by one or two hiccups which frankly, isn't bad for a small AIM company that is changing the iodine market forever.

I think anyone who plans to be invested here, the real value will be outed this time next year when we get H1 2014 results and then again when we get full year results.

[ramu kumar] 07/10/2013 22:57

SG,

I did multibag on 100k then got greedy......

[ramu kumar] 07/10/2013 22:54

naphar,

Delivery within a reasonable timescale - one will admire a 25 year who owns a house outright and will just give a passing glance to a 50 year old with the same equity. Get the drift....

[diggulden] 07/10/2013 22:51

I think many people got carried away with share price predictions, too easy to do when the share price doubled quickly, then doubled again, and again! I include myself in the above.

Now that we are in the delivery stage, progress should be slow and steady (fingers crossed!).

Key thing for me is that by the turn of the year, we should be the largest Iodine producer (in terms of annual run rate) in the US. That will be a key milestone for me. The share price will sort itself out in due course, assuming delivery is met.

We are discussing IO3 today, a year ago, it was IO1, a year from now, it will hopefully be IO11. Food for thought.

[superg1] 07/10/2013 22:51

Ramu
How has that happened?

Way below this price you posted about having multi-bagged early this year, Obviously it depends on the level on investment back then v later on.


We all have out opinions, and one today included calling this a price with plenty of upside. That's from the professionals not us.

Re io3 I don't expect that news to do a lot to the price, as that was included just a couple of weeks back and we saw a decent rise.

[crazycoops] 07/10/2013 22:50

However, I'm annoyed with some individuals who claim to be privy to exclusive info/data that might cause the share price to rise and constantly post vague comments to hype the share price and then sit back and claim they are looking at the long term picture etc.

Ramu,

There is a lot of research goes on around this company and many of the researchers are generous enough to share what that find. This research includes a vast amount of internet based searching/watching, contact with the company, contact with other companies, contact with city sources etc.

It seems unfortunate that you bought around the peak and it was unfortunate that we then had 3 bad months from a share price perspective. Forget what you perceive to be nudge, nudge, wink, wink and focus on delivery. If the company delivers on its business plan, the current share price is significantly undervalued IMHO. But none of us can predict very short-term price movements - who knows when a large holder might decide to sell etc.?

[naphar] 07/10/2013 22:48

Ramu, of course it depends on delivery, has anyone ever claimed otherwise? I don't think so.

In addition, while I may agree its wise to ignore helium and oil, water is progressing, albeit more slowly than anticipated.

Generally things this year are moving more slowly than I for one expected, but the shares are still about 70% up since Jan 1st, 4 plants are going in as we speak and Io2 is on improved brines with good ppms. That's not nudge nudge wink wink stuff, that's direct from board members at the recent presentation. Like Ansana said, if you are not happily invested here, sell, it's your choice.

[escapetohome] 07/10/2013 22:45

dig - 17.64% - long term core holding for me - 2014/2015 share price will finally reflect the progress made and I dont want to be out.

Just trying to put a dampner on those wild predictions/ ASOS comparisons, which when not attained led to whole load of long faces and disappointment.

Very pleased with the company progress, but £212m cap reflects a fair amount of that progress.

Its all about risk / reward, and a lot of the risk has gone with IOF, the company having already delivered very positive results proven itself- If the risk has gone so has much of the reward - hence the high MKT cap!

[ramu kumar] 07/10/2013 22:44

Crazy,

Not one or two hiccups, more like one or two dozen hiccups.

After today's rant, I won't be surprised if I'm barred from this BB.

I'm here long term but would really appreciate if posters do not RAMBLE when answering, thanks guys and no offence to anyone.

[ramu kumar] 07/10/2013 22:44

Crazy,

Not one or two hiccups, more like one or two dozen hiccups.

After today's rant, I won't be surprised if I'm barred from this BB.

I'm here long term but would really appreciate if posters do not RAMBLE when answering, thanks guys and no offence to anyone.

[crazycoops] 07/10/2013 22:40

I'm really sad to say it all depends on DELIVERY

It has always depended on delivery and as a subset of that, market confidence that they will deliver. And frankly, the company are delivering, albeit with one or two hiccups along the way which on a project of this scale is understandable.

[ramu kumar] 07/10/2013 22:36

Ansana,

Simple - sitting on a massive paper loss and was hoping to break even since June!

However, I'm annoyed with some individuals who claim to be privy to exclusive info/data that might cause the share price to rise and constantly post vague comments to hype the share price and then sit back and claim they are looking at the long term picture etc. etc. when the share price tanks!

One cannot have it both ways.

[diggulden] 07/10/2013 22:34

You have got to do what is right for you Ramu.

Same to you escape, not sure why you would hold a share where a 15% increase would 'far exceed my own humble expectations'?


In my view, we are at the crunch point, it is all about delivery, but hasn't it always been?? We are at the delivery stage now, the rollout is happening now, IO6 is still scheduled to be completed by the end of the year. We then move onto a further 6 plants next year. You either believe that management will deliver, or they will not, it really is as simple as that.

[superg1] 07/10/2013 22:32

It always depends on delivery, no surprises there. It's the same for every share.

[escapetohome] 07/10/2013 22:25

£2 would be wonderful- and far exceed my own humble expectations!

[superg1] 07/10/2013 22:04

Ramu

I know you are the cautious type and I recall you were only expecting 3 plants by the year end, so that's sorted.

For everyone else mentioning io3, we had an update re that-:

IO#3 in final stages of construction, with electric tie in coming planned at approximately month end;'

Do we really need an rns days later saying electric connected.

Someone has explained they do the fresh water run through first to check all is OK, then they run the brine through it. They may well run it for a few days before they say anything, or optimise to give us an idea on performance.


Personally it doesn't bother me, it was near as damn it built and ready to go, subject to electric hook up.

That was good to know, but the amount of brine going to io2, and that will be available to others is the real news.

Broker notes are not so microscopic and expect slippage, they look at the bigger picture.

The early plants are obviously key to settle nerves.

As for off the mark, we said all along io2 would be a 400mt plus plant in full tilt and the figures given support that.

IOF themselves say they have found multiple sites of extremely high ppm. The area is in a boom cycle re drilling.

[naphar] 07/10/2013 22:01

Ramu,

So what do you think they are worth now if they can produce 1000mt of iodine in 2014, and what assumptions bring you to that number?

[ramu kumar] 07/10/2013 21:55

nellyb,

I'm doing okay - 2 down and 1 up. Just hope it's not our resident troll...

[escapetohome] 07/10/2013 21:49

RK - You missed out the IC tip from your list - onced tiped there the share is bound to fall and steeply by some peoples reckoning.

I however remain a long term holder, notwithstanding the IC tip.

Like I said I sold out 25% of my holding around £1.80 and bought back around 12.5% at £1.50.

I now have 46,000 shares, having once owned 100,000

[nellyb] 07/10/2013 21:40

....quality of the investors in this bb... - one man has voted you down.

[ramu kumar] 07/10/2013 21:35

And one numbty has just voted me down without a reply. Just shows the quality of the investors in this BB.....

[ramu kumar] 07/10/2013 21:21

I feel some regular & respected posters cannot see the forest for the trees. The simple fact is that investor sentiment has been eroded by ramblings about comparisons to ASOS, oil, water, helium etc. etc. when the actual reports are far removed from their posts - far too much hype, wink, nods etc.

The core business has not met the original deadlines, i.e. IO3 in March 2013 blah, blah, blah and even now we are not certain that IO3 is fully operational and at optimum output.

The financial numbers are not great according to Columbus - the current share price can only be justified on 2014 numbers and talk of £3 and £4 are pie in the sky.

However, as I'm holding 200,000 of these puppies, I sincerely hope that I'm completely wrong.

Just wish I had a wee bit more cash for the Royal Mail offer!