Iofina Share Discussion Threads

[worraps] 18/12/2013 12:45

che7win.....thanks, I think that's probably the best place to be at the moment, just sticking to what actually IS, rather than what might be, or might happen.

I think, given the actual production we have at the moment, and only on that, the shares are cheap at the moment, and definately oversold due to panic.

We can only hope this is as bad as it's going to get. I appreciate you confirming the numbers. I didn't intend to stray from the facts, not sure why you have said that of me. I have only stressed that we do not ACTUALLY KNOW FOR SURE what the production will be in 2014, we can only speculate and guess. For IOF, it has evolved that intention to do something is not the same as what actually happens, hence my caution and reserve for 2014.

[festario] 18/12/2013 12:45

SuperG is well, and does indeed have family commitments today.
Then, I'm sure he will have much to read, collate some information, and hopefully give us his perspective on the situation.

[jackabite] 18/12/2013 12:45

Ansana

he does post on RNS days, he done it on GDL? why not here? he slated GDL on RNS days so he clearly does post but I guess that's only when Mocking others losing money!!

He's rotten imo

[diggulden] 18/12/2013 12:43

Looks like the MM's might have fun with this for a couple of days.

On the Ennismore shorts, I would certainly expect them to start closing some positions to lock in profits for the end of year. They have played a blinder, back slaps and champagne all round I'm sure.

[battery] 18/12/2013 12:39

IG are taking longs currently Dorset.

And ignore the tick-up for IOF Multibagger. I meant to add them to filter list and hit the wrong button.

IOF Multibagger (filtered)

[ansana] 18/12/2013 12:39

SG is absolutely fine. He doesn't post on rns days and if I remember correctly he said he is in a meeting this morning.

[diggulden] 18/12/2013 12:38

Dorset, SpreadEx also not taking any new positions, but to be fair, that has been the case for most of the last 18 months.

[worraps] 18/12/2013 12:38

Dorset64....thanks for that info. It adds to the feeling of being in dangerous waters at the mo, very unpredictable what happens next.

[che7win] 18/12/2013 12:38

Worraps,
The money raised wasn't just for new plants, they also stated at the time it was for working capital purposes, let's stay on the facts.

Lets put it another way if you can't see the value:

3 plants now and recycling is 400 MT and they aren't optimised.
3 more plants in another few months is 480 MT.

Roughly 900 MT is 14p EPS or 140p at P/E 10.

No further growth assumed, water not factored in, ignore the three extra plants they mention next year, ignore mobile units.

[napoleon 14th] 18/12/2013 12:35

iof multibagger.... WTF?
Filtered.

[dontshoutatonce] 18/12/2013 12:34

richi rich has made good points and I think the incompetent(?) BoD need to get Mr. Baller back. As far as I can see, all else seems on target for a very positive even if it's a delayed, future. We've mostly lost if we sell and blame others like spoiled children. Instead we should try to find out why Mr.Faye was claiming this and that. Is anyone able to contact him and get some truths for all of us?
All is stable in IOF though I don't believe we were kept informed as we should have been as to realistic timings. That's all. I repeat. Nothing else has changed and IOF has a very promising future. The water news is next. Onwards and upwards.

[dorset64] 18/12/2013 12:33

City Index have stopped taking any new 'buys' but will only allow the closing of existing deals. That in itself will promote a downward spiral if all your allowed to do in a SB company is to sell IOF. Any other SB accounts only allowing closing positions in IOF?

[postman_pat] 18/12/2013 12:30

Pleased to say that I purchased 42,054 shares in 4 lots at an average 97.1p.

[hurricane.] 18/12/2013 12:29

'Expecting' Ennismore starting to book their profits before Xmas.

[iof multibagger] 18/12/2013 12:29

1.10p end of day big blue finish coming.

[jackabite] 18/12/2013 12:28

escapetohome

excellent post and once again it highlights exactly what was going on here!!

[rogerbridge] 18/12/2013 12:28

Dusted myself down and ready to invest. I hope SG is o.k. I for one do not blame him. As has been said, we are all grown up's and make our own decisions.
Let's see IOF deliver in 2014.
The strategy of being under the radar is now shot, in fact they are wide open for an offer from a competitor and at the worse possible time.

[worraps] 18/12/2013 12:27

SCRUTABLE

Yes, I can see where you are coming from, it's the same place you have always come from, the garden of conviction that you have done the right thing in buying these shares, and the reasons why.

But, the fact is, despite the extremely disappointing progress of 2013, in your last item, number 5, you state as FACT, and that it is not fanciful, that you expect IO4, 5, 6, 7, 8, and 9, all to be fully producing by H2 2014.

There is no evidence whatsoever that this will happen, from the experience of 2013. I am not saying that it will NOT happen, but surely no-one can say, not even you, that it WILL happen.

che7win is quoting 50p on the shareprice with the water permit. But, yet again, that is an assumption that there will be one. After this last RNS, and the water RNS, I for one will never 'assume' anything positive about IOF again.

Yes, the potential is enormous......but only if they carry out what they say they will. And so far, THEY HAVE NOT DONE THAT, SO WHAT EVIDENCE IS THERE, (OTHER THAN TIME WILL TELL), TO SHOW THAT THEY CAN, AND WILL?

The financial arrangement they took out in the Autumn was to speed up the rollout. There has not been any speed up, quite the reverse in fact. Where has that money gone, where is it now? And they are stockpiling the Iodine!

Of course there is panic....you are so right there. But, in many ways, it is justified after yesterday's RNS. Many of the stalwarts here are still 'talking it up', in my opinion to save face perhaps.

Surely, even you must feel like laughing at all the talk about 'under the radar', and THE PING, that we were all swallowing for months on end, as an explanation for the disappointing shareprice? What was 'under the radar', was in fact a total let down in production numbers that was being kept hidden. And as for 'The Ping', well, that has turned out to be in yesterday's RNS, in the form of the sound of shock waves.

I truely hope my loss of confidence here, and glumness, will turn out to be unfounded. But, as I stated yesterday.......the value of 'research', "hundreds of hours" of it, has proved to be not of much use. I will use my gut instinct in future, a much better guide as it has turned out. I only wish I had listened to it more intently.

[iof multibagger] 18/12/2013 12:27

buy 3000 shares for each poster you do not like on advfn. hahaha

[knackers] 18/12/2013 12:24

Good work, Escape, but there is plenty more in IOF's patent trunk. This looks oversold to me and expect to see a strong intraday reversal.

[captain_kurt] 18/12/2013 12:20

Multi, the trolley has been busy this morning.
I wouldn't be surprised to see these over £1 by the end of the week imo.

It's all about delivery in Q1 now that the towers will arrive at both IO4 and IO5 sites this month!

[escapetohome] 18/12/2013 12:16

Some time ago now probably a year ago

SG said he had insider information and couldnt buy more shares or something like that.

That post was the biggest warning to me - to be cautious. On another share I had another poster said to me the same thing and subsequently the share price collapsed

Ther have been so so many warning signs on this share to be cautious.

Management promises broken.

A 'cult' status of individuals.

Comparisons to ASOS.

Are we blind?

Luckily I started selling 6 months ago - only a little, but that meant I exited completely this stock at a nice profit.

[jackabite] 18/12/2013 12:16

iof multibagger

is that you superpooh?

[indiagolf12] 18/12/2013 12:15

IOF still has huge potential, but the BOD have failed to deliver (to overhyped expectations) and the market will continue to punish the stock. Been in for 18 months, but sold 75% of my holding today to lock in what little remains of what was once a very profitable holding. I will be back when IOF demonstrate that they can make serious cash from their patented process or water is confirmed. Until then the risk profile is too great IMO.