Iofina Share Discussion Threads

[bogg1e] 10/12/2013 23:04

I know i will get moaned at (so this is the only one!!) but just watched this; the Avalanches Frontier pyschiatrist.

[bogg1e] 10/12/2013 22:55

In regards to IO7 onwards, do we know where we stand with leases etc. My understanding is that the BoD have all the supplier/land owner rights sorted for the forseeable future. Am I right about this? Thanks.

[bobsworth] 10/12/2013 22:13

N3tleyLucas 10 Dec'13 - 21:59 - 12182 of 12186 0 0 (Filtered)

N3tleyLucas 10 Dec'13 - 22:08 - 12185 of 12186 0 0 (Filtered)

N3tleyLucas 10 Dec'13 - 22:09 - 12186 of 12186 0 0 (Filtered)

[n3tleylucas] 10/12/2013 22:08

You sold Bobsworth?

[bobsworth] 10/12/2013 22:06

Any thoughts on why Iofina are taking their time to decide on the re-siting plant 6 onto the IOF#2 site?

[bobsworth] 10/12/2013 22:04

While Iofina have been waiting for the delivery of towers for IOF4, 5 & 6, I hope they have used the towers delay to crack on with the preparation of sites 7,8 and possibly 9.

If this the case then surely we can expect a catch up on plant roll in early 2014, making it feasible, with USA sourced towers, to add 8 more plants in 2014.

[n3tleylucas] 10/12/2013 21:59

So who's selling Bobsworth?

[bobsworth] 10/12/2013 21:55

See Ennismore after adding to their short position on 3 occasions in Nov remains still open at 1.53%

IOFINA PLC 1.53% ↑ 0.09% 2013-11-27
% short
IOFINA PLC 1.53% 2013-11-27
IOFINA PLC 1.44% 2013-11-25
IOFINA PLC 1.36% 2013-11-22

..................................
Looking forward to Iofina roasting them with some good news

[n3tleylucas] 10/12/2013 21:52

You sound surprised?

[johncsimpson] 10/12/2013 21:47

One has to bite the bullet - not a good day, not just for the percentage fall again, it's the fact that gap was filled but the price didn't move back up.

[woodpeckers] 10/12/2013 20:12

I may be wrong, but I think it is the BODs' duty to do whatever they think best for shareholders. They only have to release price sensitive information to the market if they think it may otherwise be leaked or acted upon in order to profit. Otherwise any 'interest' in the company would have to be disclosed immediately which would obviously not be feasible.

[n3tleylucas] 10/12/2013 17:46

SCRUTABLE,

I like you, and dig your points, good robust trading style etc... but come on! The brines are not owned by IOF until you are in 'control' of them, so a reserve can never be booked unless you own the land the brines are coming from.

Is that the right answer graham? lol

[worraps] 10/12/2013 17:28

Me too, lignum. My order was unable to be filled before close. I tried to get some at 146p.

Edit: It must just have been a split second they were offering 146p, as it's not even shown at that price at any time.

[n3tleylucas] 10/12/2013 17:26

"Yep more added!"

"Someone got lucky with that drop."

[lignum] 10/12/2013 17:05

Despite price drop, had a buy order at 146 unfulfilled due to 'high demand'. Someone got lucky with that drop.

[scrutable] 10/12/2013 16:50

The major asset to be recognised in the share price of Mining and Energy Resource shares is tied up in the Measured and Indicated plus Inferred value of the resource still in the ground.

sg has said it before but quietly. I make no excuse for restating it much more loudly. The Directors have a duty to reflect the value of the company they are responsible for. They are not carrying out the duty for which they were elected
if they continually dissemble and would have the market substantially underestimate not only the rate of profit generation on which one could currently argue) but much more so on the value or at least the extent of iodine assets accessible to them for exploitation.

IOF has simply huge rights to extract iodine from at least 100 drilling companies or sites. One could fairly guess that 200mT per site would on average be in the right ball park - 20,000mT/pa I make that. Possibly more than 100,000mT of Resource or $5 billion worth of iodine. Should not the Directors have this properly estimated and published as any other mining or Oil or Gas producer has to?

Why should iodine be any differently treated?

None of this roughly estimated sum is in the share price. Is this neglect or obfuscation? Is this consistent with LSE data publication requirements? I could use harder words were I not on the same side. Should they not care whether or not someone on the 'other side' speaks out more harshly?

[iofra] 10/12/2013 16:45

hitsha3 10 Dec'13 - 16:28 - 12168 of 12170 0 1

What a lot of rubbish, down again.

Hey hitsha3 you've been saying the same old thing since mid-November why do you stay invested in a share that to your mind continues to be rubbish and more rubbish? Take action - sell up, move on or, if you think things are going to get better stop moaning.

[freshvoice] 10/12/2013 16:43

Yep more added!

[bobbyshilling] 10/12/2013 16:35

freshvoice, looks like you might have got your wish.

[bobsworth] 10/12/2013 16:34

With 149p gap now closed, water news imminent and Iofina likely to hit it's 750-1,000 mt on just 3 iodine plants working part yr, just topped up with 2 x £5k at sub 148p

[hitsha3] 10/12/2013 16:28

What a lot of rubbish, down again.

[frog1] 10/12/2013 16:26

Garfield,

You must have done well from Dragon. I hope you do well from IOF. I hope you are in from much lower.

I've never really focused on North Sea companies. In oil I still hold Gran Tierra Energy and Soco - both have positive cash balances and are casg generative like Dragon. I held Bowleven from 67 up to 120 then back to the low 60's when I sold for a not insignificant loss. I also lost some money in Fronterra and Sterling resources because I changed my investment criteria and that cost me. I moved most of my money from Oil into Bank Bonds and bank ordinary shares after the crash. I finally sold out of Dragon which was my biggest holding a couple of years ago to buy US bank shares not because I thought Dragon were bad, just that I though the bank shares would make me more and I was 100% in oil. I only started looking for more risk again recently as the bank bonds now yield around 7% and so I see little capital upside from here. I am looking for higher risk stuff to invest the interest and dividends. I looked at QFI but I'm afraid I missed that one. I wasn't convinced by Nano and have ended up here. I like the move to profit although the debt is a slight issue for me, but the reason for it is clear so that's OK. I now hold 30000 IOF in various accounts. With appropriate news I will be looking to add significantly here. I think the falling Iodine price is contributing to the fall in SP, but I don't mind that for the reasons SG has outlined so well. It is the lack of hard data that holds me back. I started with the oil companies when the oil price was $15 a barrel and falling and it took 3-4 years to make any real money so I don't mind a wait. I like IOF's integrated model anyway. I am hoping this will be what I have been looking for.

So you are still focussed on oil.

[freshvoice] 10/12/2013 15:59

Waiting for end of. Day drop for bargain prices, must top up at this price. With water near could be last chance sub 160.