Iofina Share Discussion Threads

[tracy_moore] 23/4/2014 11:32

More advertising for it , great.

[nevik2] 23/4/2014 11:27

JoeStalin, I can't disagree and I am no expert, I get it wrong a lot. I dipped my toe in here at just under 70p. I'm down £1300. there are lots of better things I could do with £1300. but I'm so glad I didn't go in harder and waited, £1300 Isn't going to lose me any sleep. It could easily bounce up 20% and I could wish I had bought now, just better to let the dust settle for my risk threshold. I need signs the market thinks it's worth more, not just faith and belief.

[mr paul b] 23/4/2014 11:26

Good point micro

[roundup] 23/4/2014 11:26

It defies reason to think that they built four plants all in line under one operator without first checking with the operator to see what their fracking plans for the coming months were. They have now spent the finance on plants that are severely restricted in their production, for at least to the end of the year , What idiots our directors are.If they had even thought to have built some mobile units they could have kept production going . Heads need to roll and quickly before any further damage is done.

[woodpeckers] 23/4/2014 11:26

In the update on the 17th Dec we were told "Although not fully optimized, the three combined plants are averaging in excess of 1,000 kilograms of iodine per day, satisfying the Group's internal iodine demand while building inventory for future outside sales."
So the circa 400 metric tonnes anticipated production this year should more than cover their own requirements with some left for sales. Today's news confirms that "Iofina Chemical has enjoyed a good start to the year and has performed ahead of management's expectations" so I'm still hoping for some good figures there in the results.

Definitely more of a longer term hold now, but as stated by others, we have the patented technology which is proven to work so though there is obviously work to do organising supplies of brine (which in fairness the BOD did inform us of in the 29th Jan update), all is certainly not lost. The world needs iodine.

It would be nice to see director's buy when the results are out and they can.

[microcline] 23/4/2014 11:22

Volsung

I hope by this afternoon there won't be too many directors to be doing any buying.

[2magpies] 23/4/2014 11:20

The number of surprise announcements (mostly on the negative side), give the impression that this is very much a 'work-in-progress' situation.

This doesn't give investors a fair chance, and makes it a gamble rather than an investment.

Perhaps they should suspend the shares until such time as everything is sorted, and production is running on a business-like trajectory.

Just my opinion.

[volsung] 23/4/2014 11:18

Question..have any directors bought at this low price?

[volsung] 23/4/2014 11:09

Is that Lance out of Phoneshop?

[joestalin] 23/4/2014 11:02

Yes Nevik2 - I am not saying that you are right or wrong. It is a judgement call based on what you think of the long term gain, rather than short term volatility. There is always a risk factor - hence the reward (or not). Different people have different attitudes to risk.

[nevik2] 23/4/2014 10:56

JoeStalin, "are we not" presumably it was thought sound at a higher price, in fact we only buy because we believe it is undervalued. Events recently have proven those decisions were incorrect. No one bought at £1. or 60p thinking it will tank but will be ok later.
There is nothing much to say it will recover anytime soon, I doubt very much if you wait a month or two you couldn't still buy the bargain if you wanted. Rushing in to get this price because it might be a bargain is something I wouldn't do now, once I would of. Every time I have it's left me wondering why I was so stupid to do it.
I've bought bargains on "I can't believe it can lower" because I bought a lot higher, to watch it go much lower and end up worth less than nothing.
It can go lower, it can go lower quite easily. Who thought yesterday it couldn't go lower?
Just wait is all I'm saying, give the trigger finger a rest. You might miss a bargain and keep your money, or you could buy a "bargain" and lose it.Risk reward.
I'm only saying it incase there are those looking to panic buy because their account is flashing red and it hurts.

[laterunner] 23/4/2014 10:55

This company should now be looking to license its technology to other companies.
Cash flow is king.

Clearly the presence of acceptable concentrations of iodine will not be everywhere, but there is so much fracking going on that other sites are likely to be available.

[cyberbub] 23/4/2014 10:54

Considwr the positives here:* Lance back on board* Water permit likely to be awarded within 6 weeks (maybe a bit less volume than applied for)* Capex now ended (assuming the mobiles are now on hold)* Iodine prices likely to rise in next 12 months* Company has cash in the bank, and should be able to stay afloat even at 400 MT p.a. (assuming today's forecast is achieved)* Convertible loan not due for 3 yearsNo advice intended.

[bobbyshilling] 23/4/2014 10:52

Does anyone know who the fracking operator is?

[varies] 23/4/2014 10:46

The share price has now returned to the level at which I was buying my IOF shares in August/October 2010. Luckily for me I did sell 40% at about 190p but have clung obstinately to the remainder.
So I am not as sore as those who bought much higher but still feel today's fall as a hard blow.
Results for 2013 are, I believe, imminent and those of us who can bear to do so will be looking at them closely.
My interpretation of today's announcement is that the fracking operator expects to increase operations in the long run in which case IOF's plants nos 3-6 will recover their supply of brine. But I may be clutching at straws in this assumption.

[beercapafn] 23/4/2014 10:43

It might be better to invest that in something that is going up with a bright future and not fill the broken basket with fresh eggs.

liike that one.

[bad robot] 23/4/2014 10:42

Boys, I think Tracy should stick to the kitchen.

My price is still 2p

[bocker01] 23/4/2014 10:40

There are those on the BOD who have enough shares and incentive to get to grips with this. The reduced level of 400 tonnes is still 120 per quarter. Most will go to the chemicals business so external sales is less of an issue. The benefit to the chemical division is the saving on buying it outside. The overall benefit to the company should be USD20 x 120,000 per quarter or roughly USD2.5m in profit and cash flow per quarter. Far from brilliant but profitable. Of course if they truck brine in like Woodford their competitor, there would be a marginal improvement. This mornings share price reaction is overdone.

[joestalin] 23/4/2014 10:39

True, nevik2 - but it depends whether you believe that the company is sound on a medium to long term basis. If you do, then we are looking at a bargain, are we not?

[nevik2] 23/4/2014 10:35

Owing a quid has got to be better than this. If £1.25 is the most it's likely to be worth in the future, then that's the best you will get whatever you paid.

Also the problem with averaging down is to do that you need to throw more money at it. So if you managed to average down from £1. to £0.60. You have had to risk a lot more to do that. If it doesn't hit 60p you have just lost more money not less.
It would be easy to throw more money at it now and average down more and risk even more in an under performing company.
It might be better to invest that in something that is going up with a bright future and not fill the broken basket with fresh eggs.