Iofina Share Discussion Threads

[iofra] 24/4/2014 16:56

things getting sorted at Lance lightspeed

[uppompeii] 24/4/2014 16:51

Reminds me of the MMD days Capt

[captain_kurt] 24/4/2014 16:48

If George is removed, the shares could spike up 10p lol

[superg1] 24/4/2014 16:42

MM3

I would hope there will be no voting of that type needed, the AGM should be some way off.

[roundup] 24/4/2014 16:42

I hope the offending director(s) are quickly removed and replaced by competent staff whom Lance can rely on . Lance can't be expected to carry the responsibility without being able to delegate.

[dcgray21] 24/4/2014 16:41

SG - Re your post 19836 in reply to Judi's concerns around finances you mentioned speaking to IOF and stating you are 'more than happy with the reply'... can you share the gist of the happiness as my happiness meter could do with a recharge at the moment. Much appreciated.

[madchick] 24/4/2014 16:36

Originally posted by bigpro on LSE - The Times write up of the latest drama that is IOF


I don't have full access

[phoenixs] 24/4/2014 16:36

at least we are up today. Need a number of days like today to see me ok, but there is always hope and tomorrow.

[flying pig] 24/4/2014 16:34

Well I bought a few more this afternoon. Seemed like a good idea at the time.

[monkeymagic3] 24/4/2014 16:27

Vote them out at the AGM (or at least vote out your chosen ones if you are a Lance fan).

Register dissatisfaction.

[superg1] 24/4/2014 16:11

Lance in a few days will have probably will have sorted out what others failed to do for many months. It's already suggested the io2 'residue issue' was spotted in an instant and simple plan will put that right immediately.

Yes on paper things can be sorted out quickly but in real terms the benefits take time to fully reveal themselves. Try taking to oil cap off your engine for a while and see what happens, a part of the process but left that way long enough the engine will seize, tapping the dashboard re the strange light doesn't fix it.

On the staff front, it's not wise to hang into liabilities while you find replacements, it's much harder trying to keep an eye on someone and do your job as we all know.

The water has always had the JV tag on it and they repeated that post Hal dumping. It seems nailed on that they would JV under the circs, and just let the partner take on the job of setting it all up.

[nevik2] 24/4/2014 16:07

dcgray21 Come on, who's Wife doesn't enjoy feeling superior at times like this, "I told you so, i wanted a holiday but you bought shares".
It's like forgetting the anniversary, they would be disappointed if you remembered and robbed them of the joy of making you feel bad :-)

[dcgray21] 24/4/2014 15:59

Napoleon - wish my wife was a socialist - tough conversation last night and trying to slide a major financial disaster quietly into the conversation while watching the Champions League Semi final definitely had the IOF management feel to it...

[bobsworth] 24/4/2014 15:59

I can see now why George did not buy many shares in the company!

[napoleon 14th] 24/4/2014 15:55

Chile could certainly use our tech, but might prefer to buy IOF outright.

[dcgray21] 24/4/2014 15:52

Csh raising ideas - cleaerly revisiting a JV on water rights if approved after hearing 3rd June with cash up front would help . What about sub licencing IP rights for technology for Japan and Chile. Could enable some up front cash payments as well . Or sugar daddy aka HAWK.

[rogerbridge] 24/4/2014 15:52

I second that Bobsworth, Lance will sort this lot out and cut the dead and underperforming wood.

[napoleon 14th] 24/4/2014 15:52

Lance, unless he's a magician, is going to need more than a few days to get things right again. Replacing the dodos who got us here is a "must do", but the replacements have to be an asset to the company, therefor competent.

The news around IOF recently means they have to be knowledgeable trouble- shooters; not many of those who understand the iodine business well enough to join a sick company.

IMO Lance will do it, if only 'cos what's left of his holding is at 26p today, not 240p. He must be motivated as hell, but knows this company has to walk again before it can run.

All the best, Lance. I hope you skim thru' this thread in case you can pick up the occasional good idea, & maybe get a feel of the temperature in the water.
Hot, innit?

Luckily my socialist wife doesn't give a fig about stock markets,
so I don't need to explain anything at all!

[bobsworth] 24/4/2014 15:39

Looks like Lance is having to quickly get a grip of things here!
Thank goodness we have him back to get us out of this mess!
After 18 months of delays and unforeseen setbacks what we need now is a detailed contingency plan to steer us back onto the right path.
Letting us know the details of the plan would immediately restore some confidence here.
The plan needs to show it's both affordable and doable.
Get this right and ironically, using rich ppm brine, we could end up hitting the original 6 plant target output of 700 to 1000mt and more!

[phoenixs] 24/4/2014 15:02

Big7, then no need to post on this board unless of course you have other motives.

[big7ime] 24/4/2014 14:50

Its going the wrong way for shorters such as Bad robot, however I have decided to stay away from this one as the dire cash position makes it very risky.

[bryproj] 24/4/2014 14:49

Personally I think that Lantz was put in the position because they didnt have anyone else, and the whole process / roll-out should have been straight forward as the hard work re design and locating sites had been completed. He barely has any shares in the company which never felt good to me.

[jacobeano] 24/4/2014 14:41

Lantz has got to go IMO

[cyberbub] 24/4/2014 14:41

Looks like daytraders selling out?

[superg1] 24/4/2014 14:36

MM3


'How does Lance expect private investors to believe anything about anything that IOF report to the market ever again?'

Easy just remove the guys that were involved in the last few rns releases and involved in the numis note debacle.

They didn't lie, they were so incompetent. How can they lie about something they haven't got a clue about. Just genuine (head banging on wall) idiots.

The Warren Buffet, make sure an idiot can run it, line springs to mind. However some people are more stupid than that.

We are not the idiots or mugs, we invested in what could be a lucrative business. You don't get too much of an opportunity to assess the taxi driver once you are in the car and on the way, no chance to check his licence and driving ability, you just take get in and call the destination. The destination wasn't that difficult and someone provided a very detailed map. Then some idiot said ignore the map let's go for a drive around for the hell of it and get a load of other taxis sitting around on standby. The poor old passenger has got no say in it, but has to pay the price.

The Taxi boss then looks at his unsatisfied customers, and damaged Taxi company then makes decisions.