Iofina Share Discussion Threads

[monkeymagic3] 23/4/2014 07:16

Want to try that again Noli?

[owenga] 23/4/2014 07:15

So much for forgetting the past and looking forward to the future. What future! What a disaster! Why did they build the plants so close together so relying on one cracking company!

[florence10] 23/4/2014 07:15

Unbelievable!!

[ammons] 23/4/2014 07:14

Looks like the bears were right all along. Terrible update this morning.

[grahamhacker] 23/4/2014 07:13

IOF are either very naive or very stupid. They have known about the low production & have not advised the market. This is clearly yet another management failing & now they are in panic mode to save costs/cashflow

[n3tleylucas] 23/4/2014 07:11

Massive profit warning, this is going to get smashed to pieces...

"production for the current calendar year will be circa 400 metric tonnes of crystallized iodine. Whilst this is a significant increase over 2013 production, it is materially below current market expectations."

[napoleon 14th] 23/4/2014 00:02

noli et al.

Someone said, quite rightly, that the stock market is a short term voting machine & a long term weighing machine.
Maybe that was Buffett?

Also: "Turnover is vanity, profit is sanity, cashflow is reality"

Maybe those two explain why IOF's share price has yet to make it back to where it was.
Weighing it up, I think it will.

[nevik2] 22/4/2014 22:00

Noil. The sense is you are not dealing with value or perceived value, you are dealing with people. Who is going to buy into a share price that's falling like a stone? There are plenty on Aim that go down on a decent rns, let alone bad news.
Iofina might well be a good bet for the future, right now it's a wait for it and maybe opportunity. I've bought into a few wtf share price companies, so I've been learning the lesson the expensive way.You will never make sense of share price You buy because you think it's going up, so if it's heading South like this has been for sometime, you should see some sign of the decline ending, it's not yet a bargain, unless it's about to reverse the trend......no sign of that yet.So the market waits.
If there is true value here it will come through.

[naphar] 22/4/2014 20:59

There is no sense in it noli. It's down to sentiment and uncertainty. I hope that getting these results out of the way, coupled with good/impressive current production rates, a decent forward looking statement with a clearly communicated strategy, if that's not all too much to hope for, will see sentiment rebuilt and uncertainty reduced, meaning a recovering share price.

[uppompeii] 22/4/2014 20:55

noli - maybe because its not down in black and white? The higher share price was based on expectation, didn't happen. The lower share price now needs proof to move forward, not conjecture.

[broncowarrior] 22/4/2014 19:58

Agree, the forward looking statements are key.

[tim3416] 22/4/2014 19:31

That was quick! The date had probably already been pencilled in by the DNRC...looks like June will be a busy month! Remember, there were only 2 plants running up until last November and we have five now, soon to be six. A decent production update is far more relevant than out of date results imo. The share price will soon bounce back strongly.

[superg1] 22/4/2014 19:21

I'm sure QPP will have caught many that area leveraged. Just wondering what other shares have been caught on collateral damage from that one on forced sells.

[cyberbub] 22/4/2014 19:05

Nice find - good that they have a date and it's not too far away

[brileyloucan] 22/4/2014 18:55

hearing scheduled for June 3 - hxxp://www.dnrc.mt.gov/wrd/water_rts/appro_info/applications/application_status.asp?id=30066181

[broncowarrior] 22/4/2014 18:32

I think we know production results aren't going to be great as they have only just started ramping up. It's the next production results that will be more interesting and people should take a view on that basis. They likely won't of course.

[ammons] 22/4/2014 18:07

Perhaps news of the expected terrible results has leaked and they are even more terrible than expected...... The fall today on the back of the water news seems somewhat excessive to me.....

[broncowarrior] 22/4/2014 17:08

Agree with above, water disappointment was already supposed to be "priced in".

QPP, ridiculous. Glad I'm not in that but likely will be soon.

[mikkydhu] 22/4/2014 16:47

In the present circumstances, it is only actual production figures that will interest me.

[cyberbub] 22/4/2014 16:40

Poor results released this week might see a short-term drop to the previous support of 50p IMO... but as long as the production forecast is good then I would hope to see us start to recover northwards pretty quickly.GLA NAI