Iofina Share Discussion Threads

[monkeymagic3] 19/12/2013 11:19

Fresh voice, with respect I find all this judgemental stuff increasingly tiresome. Exactly how is somebody who bought at £1.80 and now desperately trying to preserve their capital on the back of, shall we say, "misunderstandings", either greedy or impatient?

[ramu kumar] 19/12/2013 11:18

freshvoice, no point blaming shorters and spreadbetters - the main issue here were the rns on trading updates coupled with misinformation to some posters which perpetuated high expectations.

The house of cards collapsed when IOF's delivery was way off it's own targets - that's AIM for you. Hero to zero in a very short time....

[freshvoice] 19/12/2013 11:07

At this rate they must have hit every spread bet and stop loss.
Transfer from the impatient and greedy to the patient.

[the librarian] 19/12/2013 11:00

They have set themselves a low target worraps, let's give George a chance from hereon in, they do have a lot of people working there who I am sure will be giving their all. Not a lot to deliver on now, let's hope that is the end of the negative/excuses RNS's.

[cocorico2009] 19/12/2013 10:58

fwiw

i remember everyone getting excited last year when the share price was on the rise and the implications of attaining a £100M market capital.

that was the glass ceiling allowing certains financial institution and managed funds to buy in

these were the II's that had been peviously excluded from taking any position due to internal investment policy on sub £100M market capital companies


with the share price dropping should we now be aware of the possibility of the market capital falling back below £100M ?

what are the implications if it does ?

will those II's have to sell ?

will it prompt a compulsory sale of IOF shares en masse ?


my basic calculation puts the share price threshold for £100M market capital at circa 78.5p and thats not too far from here!

[che7win] 19/12/2013 10:57

Shonny,
The selling is probably the last of the spread betters/forced sellers and lemming sellers from the Investors Chronicle article from last night.

That article is a load of rubbish, they are way behind the curve as usual. If one had done the opposite and sold when they said buy at 160p and buy when they say sell now they would be better off. A good contrarian indicator.

Poor management as you put it are no longer in control of the business, I have confidence in the new guys in place.

[ramu kumar] 19/12/2013 10:56

che, it appears the BOD spend more time on the Options rns than those for trading updates!

[tsmith2] 19/12/2013 10:54

options are just that, options..

if you really want to see alignment then they should invest hard cash in the open market

[shonny] 19/12/2013 10:53

The carnage continues as predicted. Chris Fay and many others have jumped the gun with their recent buying. This fall has a long way to go yet. I can't understand why people are still buying this dead loss share. More money than sense I guess. As I've said before, overpromising and underdelivering is a classic sign of poor management and poor management will never produce a successful Company.

[che7win] 19/12/2013 10:50

Mas,
I would agree with that.
I made it clear to Gary that investor confidence was shot to pieces and what the market needs to see - production of iodine increasing month on month and sales of raw iodine next year.

By the way, it was George that phoned me after I had contacted them, impressive.

Another options package from 29th November:

J. Paul Consulting, Inc. (a company in which Jeff Ploen has the sole beneficial interest) has granted to Mr Lantz 125,000 options over such number of ordinary shares in the capital of the Company held by J. Paul Consulting, Inc. with an exercise price per share of £1.51, being the closing share price on the day Mr Lantz joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 19 September 2014 at 19 September 2015.

Lance Baller, the former Chief Executive Officer of IOF, has granted to Mr Lantz 125,000 options over such number of ordinary shares in the capital of the Company held by Mr Baller with an exercise price per share of £1.51, being the closing share price on the day Mr Lantz joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 19 September 2014 at 19 September 2015.

[shroder] 19/12/2013 10:48

I am surprised the NOMAD didn't exercise more control over press releases given the volatility of iodine prices.

As someone posted earlier, yesterday's statement may have been a 'kitchen sink' approach to get things back on track. It looks like they have set some low bench marks in order to over deliver.

[masurenguy] 19/12/2013 10:40

che7win - 13522: I suspect not even management expected the share price to fall this much.

In my experience few directors have any real idea on how the shareprice will perform in future, especially in reaction to various potential developments. That is why following director buys is not usually a very sensible strategy but I have found director sells, unless clearly and credibly explained, to be a good warning indicator of potential future falls.

I agree that these option strike prices now align directors interests with the external shareholders providing that they are not subsequently repriced down following the recent fall in the shareprice.

[worraps] 19/12/2013 10:40

Ramu.....if Netley predicted 77p, maybe that's the price that Ennismore jump?

[worraps] 19/12/2013 10:38

Lib, the discrepancy between the short term forcasted production, and the now actual production figures is extraordinary. We're talking just weeks here, between the two forecasts. Despite the reasons given, cleaning the towers etc, I still find it extremely odd, along with the now much reduced plant numbers for next year. Something doesn't quite ring true to me, I'm getting that funny feeling again, when something is telling you something, but you're not quite sure what. Maybe I'm just losing it!

But, you mentioning those smoke and mirrors again.....makes me wonder. There's an awful lot of smoke and mirrors in Chile, are we playing them at their own game?

[ramu kumar] 19/12/2013 10:36

Gawd, is there no end to this misery - despite Director buys, this is still falling.

In less than a week this has tanked almost 50% - at this rate we'll probably hit Netley's forecast of 77p before Xmas!

We need the water news to steady the ship.

[jsssiffy] 19/12/2013 10:34

For anyone uncertain!DYOR at the end of a post means 'Do your OWN research'.

[che7win] 19/12/2013 10:33

Lib,
I think the options align the new guys to us to some degree, these options will have to be achieved to be granted, I have every reason to believe they will.

Only granted last month:

Grant of Options to Directors

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, announces that the Board has ratified and approved the grant of options, for nil consideration, to the following Directors:

Gary Gatchell - 300,000 options with an exercise price per share of £1.46, being the closing share price on the day Mr Gatchell joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 3 September 2014 and 3 September 2015.

George Lantz - 250,000 options with an exercise price per share of £1.51, being the closing share price on the day Mr Lantz joined the Company, with 33.3% of such options vested at grant date, and 33.3% to vest at each of 19 September 2014 at 19 September 2015.

Christopher Fay - 250,000 options with an exercise price per share of £1.63, being the closing share price on the grant date, with 100% of such options vested at grant date.



It makes one wonder, I suspect not even management expected the share price to fall this much.

[warmsun] 19/12/2013 10:29

I am (so to speak,) biting my lip here, so as not to put into print as to my thoughts on them.

[the librarian] 19/12/2013 10:27

ramu and warmsun both ticked up. Can't help thinking that the BOD have set themselves easy targets to meet, hopefully they will outperform and this is the bottom. I am unsure whether it is all smoke and mirrors in the general iodine market and they are all (SQM etc;) playing a similar game... time will tell.

[warmsun] 19/12/2013 10:20

Lib,

Exactly! I said the other day that I have lost faith (and trust) in the BoD...I continue to hold (with a now massive massive paper loss....as well as having previously recommended this to two close friends and some family members) and won't be selling.
I best not put on a public forum my views on the BoD.

[ramu kumar] 19/12/2013 10:19

Lib, how do we know what the BOD are saying NOW is true? These guys have lost credibility - I can understand if you forecast a year ahead and get it wrong but to forecast just a very short period ahead and get it completely wrong is unbelievable.

In business you need to build, nurture and maintain relationships and the key ingredient is honesty which leads to trust. I hope IOF realise this and not treat it's shareholders as temporary investors that can be shafted and forgotten!

[the librarian] 19/12/2013 10:07

Everyone looking for someone to blame, the September presentations by the IOF BOD did all the damage saying that they were looking to possibly get 6 up and running by the year end. A lot of people thought it may be possible and made their decisions based on that.

Now the BOD have themselves in a 'comfortable' place and everyone else seems to be blamed except those responsible... they pumped it in September and have now dumped it in the RNS.. they are the pump and dumpers and nobody else is to blame.

The positive is that we now have the truth (I hope) and can base our investment decisions on that.

[superg1] 19/12/2013 09:57

Me too tsmith, but the new ones have options CF has plenty and JP a shed load. So does Lance who left. Talking of which a circular by a broker some time back that he had sold some to cover medical expenses appeared to be untrue. I think that was investec, but will say think just in case it wasn't them.

I've never seen or heard of Forest D so I wonder where he fits into it all.

I'd rather see news with more detail in instead of Che having to take the time and expense to call, to find out what certain lines mean.

1000kg plus is obviously not in relation to fully functioning plants at the time. 'not fully optimized' on such an important matter was distinctly lacking in detail.

If io2 yields rates were down due to residue build up, then tell us. What bpd were plants on to get the 1000 plus figure that was hit on days back in May.

Clearly io2 was/is offline for a service. Still questions and we shouldn't have them lingering imo.

record levels achieved in a previous rns.

Back to my oil company analogy, we have some wells, with oil, but we are not telling you which wells are doing what, how much or why things just don't add up.

It simply would not be allowed, but somehow here it is.

Meanwhile I get the falk not the IOF BOD, mmmmmmmmmmmmm

The PPM is there the BPD is there so it's them that need to deliver the production. They have the tech they have the staff and contracts. So they just need to make the wheels turn.

That includes not stating 6 by year end with such confidence when they couldn't be sure about that.

[ramu kumar] 19/12/2013 09:56

superg, you had time to post in other threads but felt it was not important to post in your thread. Regardless of share price movements, you did not think to post at least a one liner when there was panic selling etc.

It is human to make the wrong calls when investing but being absent from your thread and commenting about IOF in the hawk thread is pure arrogance.