Iofina Share Discussion Threads

[baguette] 18/12/2013 17:27

I have made these points before and one or two others have done so eloquently in the last 24 hours but feel compelled to summarise again as the board becomes swamped with pro SG people anti SG people and all sorts.

IOF have 3 (main) issues that need addressing before I and obviously many others can regain any confidence at all.

1. When will they show us they have any customers - no proof so far they can sell anything other than relatively low levels of product through the conversion route

2. Why are the iodine output figures so low - on existing plants and the next 3 up to IO6

3. What on Earth has happened to the capacity of the conversion plant - apparently with a capacity of 400mt before a scale up to 800mt which Dr Khalev was brought in many months ago to accomplish. Now it appears it is under 400mt right now

If the very next RNS they produce is not clear, concise, honest and at least a bit uplifting with real information and no twaddle then their whole business model will look like extremely dodgy and we could legitimately ask whether Stuart Eaton got out to avoid a bad reputation.

If the water application is denied they will have failed us on every issue and IMO will be company in danger of going bust

[escapetohome] 18/12/2013 17:23

Che - If youve been talking to people from the business - beware they will put the most positive spin possible on anything they say, thats their job.

Not saying its not true or theres anything wrong with this share.

Yes share may bounce, fortune favours the brave etc.

But for me caution is the order of the day.

[bobbyshilling] 18/12/2013 17:17

che7, did you talk about the water permit?

[che7win] 18/12/2013 17:03

I've had a nice conversation with Gary Gatchell, I think the post by matrix is pretty much spot on.

[worraps] 18/12/2013 16:56

Well, I was prepared to give superg the benefit of the doubt......but the fact there has now been no appearance here, not one word, after all those millions of words day in and day out, says it all for me. I see nothing here but the dark shadow he has left behind. What a sorry state of affairs in so many ways.

[uppompeii] 18/12/2013 16:49

"Secondly, with Chilean and Japanese producers reducing production, Iofina introduction to the market now would be impossible to hide from competitors in the short term."


Ah so they are still trying to stay under the radar! For the love of god....

[security analysis] 18/12/2013 16:46

In my opinion I believe there are two reasons for Iofina to keep a supply of iodine. Firstly, now that Iofina resources exceed the current iodine purchasing capacity of Iofina Chemical, Iofina Chemical will no longer rely on outside iodine purchase contracts. It is important to have some iodine in inventory in case they have production issues. Secondly, with Chilean and Japanese producers reducing production, Iofina introduction to the market now would be impossible to hide from competitors in the short term. I also do believe more lessons will be learnt by both the company and pi at end of 2014, only time will tell.

[ramu kumar] 18/12/2013 16:13

dig, used to be a very trusting individual until 2 months ago - wonder what caused this change!

[diggulden] 18/12/2013 15:59

Very true Ramu, you are a lot more cynical than me!! ;)

[albany30] 18/12/2013 15:57

Netley - while I appreciate your change in tone recently, your all knowing call on Iof makes your stakes in @uk, Xcite, Beowulf and Sirius a little mystifying given they're all turkeys.How do you see all of these losses playing out for you in 2014?

[ramu kumar] 18/12/2013 15:55

dig, you heard of photoshop software.....

The internet can be a mine of misinformation!

[ur 5uch 4 t0553r] 18/12/2013 15:51

I knew we'd see you off in the end ;-)

Well done Netley! I didn't like the way you said it (often without solid justification), but your prediction was correct. Perhaps if you'd said it in a different way, people would have listened, but then I suppose that is part of your game.

If I had a hat, it would be off to you, but I can't afford one now.

Can't even afford any special brew, so no "Hic's" from me.

In all seriousness, I've lost money (on paper), but it is only money at the end of the day. There are more important things in life to me and life goes on.

[richi_rich13] 18/12/2013 15:50

At least that means if the towers were delivered on time they could well have been built in 2013. Then their predictions wouldn't have looked so wild.

[captain_kurt] 18/12/2013 15:48

Good spot Security Analysis.

[diggulden] 18/12/2013 15:48

Thanks Security Analysis.

At least we know they exist! Taking nothing for granted at the moment!!

[albany30] 18/12/2013 15:45

Netley - while I appreciate your change in tone recently, your all knowing call on Iof makes your stakes in @uk, Xcite, Beowulf and Sirius a little mystifying given they're all turkeys.How do you see all of these losses playing out for you in 2014?

[security analysis] 18/12/2013 15:42

Pictures of IO4 & IO5 where added to iofina website media section yesterday. hxxp://iofina.com/media/photo-video-gallery

[hitsha3] 18/12/2013 15:42

you've made youre money here N3, where you heading now? Are you buying IOF now? or still shorting.

[n3tleylucas] 18/12/2013 15:39

neds,

You know what it was? That shareholding conga... seen it before, always tells me folk are too enthusiastic. Company couldn't justify mv, pace is longer, share price rising too fast.

Matrix is seeing it now, with the benefit of hindsight. His numbers are closest to mine, but I said mine in March. They were good days though, on that thread, only winston & I v Bulls, loved it.

Now? Pushing at an open door is no fun... look for another. gla

[escapetohome] 18/12/2013 15:38

I think the share price is indicating that the other side understands the business a little better than previously thought Digg.

Oh well long term should come good.

[ramu kumar] 18/12/2013 15:38

Albany, I agree - we're not sure if the 2013 stock will be sold in Q1 2014. To me this is important - if IOF cannot shift this stock, why build more plants. Will be better to stick to 3 plants, optimize production, generate cash then if demand increases, build IO4.

If sales are not confirmed, the cashflow will be critical....

[albany30] 18/12/2013 15:01

Ramu - agreed, good repost. A pivotal issue fanny and matrix differ on is the stockpiling. If it is indeed sold in Q1 2014 and good news is reported on iof2 and 3 then, this will indeed just look a (brutal) overreaction to some abysmal corporate mismanagement.Is the general sentiment that Baller's BS was so wide spread that the company are only now beginning to correct for 'benefit' of institutions and investors?Take it there is no hint of corporate fraud just incompetence and hot air? It could be this truthful (hopefully over downbeat) RNS is, perversely, very good for 2014 presuming investors are able to ignore their hammered monies for a minimum 3 months.

[che7win] 18/12/2013 14:54

If we did get the water application grant, the profits estimate would have to double next year, interesting times.

[monkeymagic3] 18/12/2013 14:51

Wish he had posted sooner then!