Iofina Share Discussion Threads

[engelo] 16/10/2013 16:50

EOY competition: how may RNSs by Dec 31st? My guess is 9.

[bobsworth] 16/10/2013 16:40

Not long now before shorters get roasted as Yanks sort out their mess and Iofina press the news release button!

[mail2] 16/10/2013 15:54

reid/mcconnell set to announce deal

[freddievas] 16/10/2013 15:54

Very good day indeed if we finish blue. Shorters take note.

[mail2] 16/10/2013 15:51

y done deal according to tweets.

[bobsworth] 16/10/2013 15:37

Heading for a blue finish!?

Fingers crossed the Yanks agree on debt ceiling etc paving the way for Iofina to release some key operational news.

[superg1] 16/10/2013 13:41

engelo
16 Oct'13 - 08:32 - 9966 of 9981

When all's said and done can't believe GOP will trash their own share portfolios to stop Obamacare...


Not forgetting the other millionaires and billionaires that have portfolios, and they fund the various sections.

It would be a great move to ensure they don't get elected next time around too.

We all know such anal people, we have all worked with those types at some point in our lives.

[mail2] 16/10/2013 12:44

market makers were trying to make a killing with the spread today. had to move it back in line now.

[bogg1e] 16/10/2013 12:32

Ramu, it seems the holdups are within the last few weeks of the build, towers and electricity, the rest of the infrastructure will be in place by year end for all 6 plants, its just whether there are holdups beyond IOFs control, namely towers, electric hook up and brine feed hook ups. Given that 3 and 4 will have their own power generation those problems should be mitigated going forward to a degree.

[freshvoice] 16/10/2013 12:31

I can see them getting two more in but not three by year end. Could be Feb with allowance for weather in OK.

[ramu kumar] 16/10/2013 12:13

10 weeks to get another 3 plants - not impossible but difficult

[festario] 16/10/2013 12:04

I like that analogy Simmy!, but the trend IS looking positive.

[simmy1699] 16/10/2013 12:00

Basing investments on trends: The trend is your friend until the bend at the end. Apart from the trend everything else looks positive. With 6 plants by the end of the year, gbp6 seems sensible as there's only 2 plants currently.

[diggerking] 16/10/2013 12:00

What is this 5.75p spread all about?

[festario] 16/10/2013 11:39

Most stocks taking a hammering today because of the idiotic behaviour of the US politicians. (worthless the lot of them)
But worry not, the upward trendline is intact here, even if it drops to 162p, assuming it goes no lower.
That trendline takes us to 205p at Xmas incidentally.

If it were a curve and not a straight line, then that actually takes us to 205p in less than 10 days. But time will tell.

[engelo] 16/10/2013 11:13

Anyone else in KIBO?

They have a huge coal asset which is well advanced towards go ahead in partnership with the Tanzanian Government and a majot Korean bank, as part of a new National Grid. Financing now in place, balance sheet cleaned up, no debt (read latest RNS).

"They have various other major assets. To give a flavour here's an admittedly bullish recent post:


TruthfulRon
9 Oct'13 - 11:23 - 4803 of 4971 0 0

Question is do you think that:

800,000 ounces of gold JORC compliant resource

Multimillion gold ounce additional potential across two main licence areas at lake Victoria and morogoro each demonstrably highly prospective for gold

109million tonnes of thermal coal

An MoU with a Korean major to build a massive power plant utilising kibos coal deposit for feed supply

A JV with a Brazilian nickel major who is paying £2.7million to fund exploration to secure a 50% stake in haneti project! highly prospective for nickel, PGMs, and gold.

Pinewood uranium and coal project located at the centre of Tanzania's new infrastructure corridor.

£1.5million cash, absolutely no creditors to be paid out of that cash as all paid off with stock.


If you think the fair value of all that lot is worth just £6.4million cap then KIBO is not for you.

But it is for me because every line of the asset list above is worth £6.4million by itself. three of the lines are worth multiples of the £6.4m all by themselves."

edit: reminds me of IOF in that the only danger is a takeover :-)

[jackster193] 16/10/2013 10:51

Exactly :)

[ramu kumar] 16/10/2013 10:50

Good time to top up.

[ramu kumar] 16/10/2013 10:50

Thanks jackster

[jackster193] 16/10/2013 10:49

Ramu... Seems to be a drop in most share prices due to the idiots in the US government.
J.

[ramu kumar] 16/10/2013 10:43

Why the sharp drop?

[engelo] 16/10/2013 10:31

bobsworth: from the presentation handout:

Multiple IOsorb sites built simultaneously COMPLETED

Target for I05/6 is 'completed' by end 2013 by which they mean 'build completed', so a week or two of commissioning to follow.

Just as well the US doesn't have a 3 week Xmas/NY break like they do here :-) Btw we're not the worst: seem to remember that Russia has about 3 weeks off for New Year sometime in February, when even the SE is closed for the duration :-)

[bobsworth] 16/10/2013 08:34

Double build & commission!?

On checking the interim results & Operational update again, it states:-

" IO#4, IO#5 and IO#6 are under construction and expected to be completed by year's end as previously announced."

If they are currently all under construction now, its a possibility that IOF#5 & IOF#6 could be completed all at the same time & commissioned.

With just 2 and a bit months to go before year end that's the only way Iofina could achieve their goal to complete by year end!

[engelo] 16/10/2013 08:32

When all's said and done can't believe GOP will trash their own share portfolios to stop Obamacare...