Iofina Share Discussion Threads

[phoenixs] 18/11/2013 20:23

talking about tornados in the midwest this weekend, I have a feeling that "tornados" are about to hit the shorters.

[woodpeckers] 18/11/2013 20:01

superg,

Many thanks for your response. The share price has certainly seemed a lot firmer over the last few trading days, so hopefully upwards and onwards.

[monty panesar] 18/11/2013 19:49

Sirocco Shares down 27pc on big volume. Management have a dilemma should they stay or should they exit iodine production?

[noli] 18/11/2013 19:42

Cheers Englo, lots to come and in short order.

[engelo] 18/11/2013 19:40

Noli: 'if IOF decide to give us a month's production': let's hope it's not 3 months :-{

I04 was put back because of late tower delivery, but believe this is now under control and shouldn't impact the overall rollout schedule.

Still expect I04 production and I05/6 build by EOY.

[noli] 18/11/2013 19:27

IOF do like to keep us waiting, if we presume IO#3 is in its second week of running then we could have another couple of weeks to wait on that one if iof decide to give us a months production. Saying that they do like to give daily numbers so its total guess work. It could even be this week stating up and running as the operator has signed off the brine.

IO#4 must be close now to build complete, saying that my original date was the middle of sept. lol

[johncsimpson] 18/11/2013 19:02

We're due one on I04 rather than I03 . . .

[woodpeckers] 18/11/2013 18:47

Sorry if a daft question, but can we presume that that large trade is now in the price???

[bogg1e] 18/11/2013 18:17

Well a few trading days ago, Hurricane popped up and usually within a few days of him appearing either there is a good spike or a news driven spike, ie either a big-ish buyer is in the background (perhaps a shorter closing?) or its a pre-news spike. I wouldnt be surprised by an RNS, we are about due one on IO3.

[freshvoice] 18/11/2013 17:18

SG

As you were saying earlier trades between large holders are the way it's done.

[superg1] 18/11/2013 17:03

Fresh

We have been stating for a while who was selling. That looks to me like a new fund coming in and taking a big chunk off the seller. Unless it was my top up I'll have to check if it went through :-).

[freshvoice] 18/11/2013 16:59

Who has sold 2.8 million shares?


And why?.....

[scrutable] 18/11/2013 13:06

superg1 12 Nov'13 - 09:15 - 812
Has anyone got any idea re GDG.

As you know I have been deeply invested this year in GDL, the GDG spin-off, having bought at 8p and experienced the Big-Dipper. It's been up to 26p and back down to 13p. In July at the AGM I met the entertaining and impressive(and trained Engineer)Randeep Grewal CEO of both companies and of the latest spin-off GET. In early Sept when GDG were shorted down from 320p to 220p I bought and soon after received 3 for 1 free shares in spin-off GET. I am showing a 32% return over four months.

I am still holding the very volatile GDL, awaiting an imminent RNS on the known but not willingly disclosed start-up in India.(Think IOF PI water rights research) Essar have separately RNSed their own entry into CBM gas production via a large contract about to be signed with "a drilling specialist" and GDL have moved rigs to India, donated one to a university and hired a lot of graduate petroleum engineers. So I am expecting a 3-bagger over the next 12 months.

It dawned on me that GDG the parent, had constant or gently rising revenues from gas production even when GDL (drilling) had none, and that GDG had revenues which automatically rose much faster when GDL was just drilling at a steady rate. It followed that when GDL was increasing the size of contracts for GDG the revenues of GDG itself were accelerating, and might be an even better investment.

Furthermore I have learned, very late in the game of what I call Rock into the Lake Opportunities (RLOs). Occasionally a big event or RNS of bad news makes a Big Splash - a fraudulent CFO has to be fired,(POWERSCREEN) a warehouse burns down (ASOS), a major contract is miscalculated (LAM), The Army stages a coup (CEY). After a while after the rock fall has capsized a few boats, the lake surface returns to the stillness it had previously known. The company returns to where it was before the event and the share price also returns. IOF is almost such an example. Moving IO#2 from Texas to Oklahoma bombed the share price for 6 months, but I dare say that the company is unspoiled by the event, re IOF even enhanced.

These RLOs are often opportunities to double or treble your stake. Centamin remains one of the world's best managed gold mines, is making a whacking profit, accumulating a heap of cash. Whilst the waves are gone but the ripples are still agitated, rapid growth of production and profits at CEY can be bought on a PE of 4.5

That's why GDG has just rewarded holders with a quick 50%.

In GDG's case this first RLO was a court case against Philips Conoco which GDG won.

Meanwhile there there has been a second Big Splash and RLO. GDG found that unbelievably without their knowledge competitors had been drilling hundreds of wells - £500m worth - on their very own vast leases and GDG have just had their title confirmed. In theory this £500m can be seen as a gift, though it is unlikely that they will establish their right to the whole benefit, the share price has begun to accord it some value. Negotiations are taking place.

[johncsimpson] 18/11/2013 12:58

Re my post 11135

I'm well aware that charts are a real turnoff for some but I've put a screenshot up on the TA thread using IOF as of this morning.

edit - as of Friday close.

[the librarian] 18/11/2013 11:40

I agree John, they have enough on their plate looking after themselves. I would think the other mm's keep a closer eye on Investec than anything else due to their close working relationship with IOF

[bobbyshilling] 18/11/2013 11:16

Thanks for your view john.

[johncsimpson] 18/11/2013 11:13

Bobbyshilling – it's tempting to think that but I don't subscribe to these theories of MMs accommodating Institutions or whoever.

I'm keeping a daily eye on the shorting position of Ennismore - who are no mugs by the way, but if they're now buying we'll soon know.

[bobbyshilling] 18/11/2013 10:45

Still 25000 buys coming in. Would it be reasonable to assume that if an institution is gathering an update would come after they have finished, so the price doesn't whoosh whilst they are accumulating, or is that not how it works.

[che7win] 18/11/2013 10:26

Thanks superg,
personally, the fundamentals come first for me and close watching of trades to try to time a purchase.

I look forward to any update, the stock feels like it's ready to leave the summer prices and recover to a new level.

[freshvoice] 18/11/2013 10:16

Warm
Could be Ennismore shorting more. ;-)

[warmsun] 18/11/2013 09:59

Hmmmmm...lots of buys at 174p...but, someone also plonking (technical term) loads of new shares on the Offer at 174p


:) as I type we move to 176 on the Offer....

[superg1] 18/11/2013 09:55

Che

We have some posters that have very good knowledge of TA and kindly share it.

The odd one uses charts, comments on it but uses posts to try and create fear so they make the buy at a lower price. That is where the line gets crossed. Obviously once they have bought they suddenly turn bullish. Then the signals say sell, along come the negative posts as they sell, and the cycle starts again.

An entry point was desired recently, but it has bounced well away from that point for now.

I assume they didn't buy, as now the chart shows a bullish breakout, and no post confirming that.

I'm mindful of TA as I said, so now track the charts certain posters use. I would imagine if I did some historical chart v posts, it wouldn't look very pretty for one in particular, who has been using at least 2 ID's to post.

Anyway imo we are now potentially in a window of an update not connected to the core stuff, but I am mindful things can take longer.

[johncsimpson] 18/11/2013 09:48

I see CNEL have announced another contract win this time in Hungary - a number of contracts worth €72m - see my post 783.