Iofina Share Discussion Threads

[che7win] 07/5/2014 08:11

I think outside the box, we are sitting on a company that is very valuable to others in the industry.

looking forward to the future here.

[orslega] 07/5/2014 08:10

there seem to many posts recently from the residential de-ramper (filtered long time ago, a much quieter place). Just struck me that his target was 75p sometime ago....so presumably having bought, he is now ramping? Isn't that the way these guys work.

[che7win] 07/5/2014 07:57

No funding needed, except perhaps if/when we get a water business but I reckon they will do a joint venture.

The convertible loan will do what it says on the tin, I.e. Convert into shares.

They are both for THREE years, so no funding worries here, iodine has bottomed, stable the last couple of months, a $10 rise will add at least 50% to profits, we will be ready with plants and mr bigs JV rumour indicates an XEL event in the background.

I am confident.

B-U-Y

[woodpeckers] 07/5/2014 07:57

Great post che7win! :-)

N3tley, please do us all a favour and find another company to deramp, you're getting nowhere here.

[n3tleylucas] 07/5/2014 07:43

'It's not underfunded'

No matter how many fundings this lot do, always the same stock response. How low does this need to go cheggers before you see I am right and you are wrong?

The next big warning is coming soon... when Chris's $15m @ 100p gets lowered to equal Arron's 40p. You'll see that as good news?

[che7win] 07/5/2014 07:29

So, Dr Fay was buying three times but he was telling mr big to sell, lol, that makes sense!







Warped logic there.

Maybe you think mr big said to dr Fay (Stena), hey, do you mind if I do this loan, dr Fay replies, sure go right ahead, make some money? More likely they were competing to do a deal with IOF.

The rollout is not suspended, did you not read yesterday's update? Io6 expected H1, furthermore, they have raised money to continue with the rollout:

It was raised as the company "looks at expanding its production base" and really seems to have unsettled the bears, I'm not surprised :-)

"While this financing is not needed to sustain the current operations of the business, it allows us to look at further expansion through the construction of mobile units or plants similar to IO#2, both of which would be expected to be accretive to earnings."

Just to spell that out, plants similar to io2 means IO7 will be a ~250ppm plant in the brine sweet spot i.e. one of the top two plants we will own.

Plants 3,5 and 6 are in good brine areas, plant 4 is somewhere between io2 (250ppm) and the rest (150ppm), so I'd imagine it is around 180-200ppm.
We know plant 7 will be a high ppm location, so capable of 1 to 1.8 mt per day, an outstanding plant like io2.
I expect plant 7 and two mobile units at some stage, so expansion and growth has to be factored in after io6.

The water also may factor, worth up to 50p a share.

It's not underfunded, plenty of cash and receivables on the balance sheet.

Granted, mr big got a good deal, we could be at 80p before the summer is out, I'm not surprised the company can raise money in a few days and always at a premium to the current share price and with no costs...

GMP says 65p, water upside after that, Numis says 47p, I've been digging into that and they will upgrade as we meet numbers.

I fully expect 400 MT to be easily beat this year, watch the numbers from this month on. The numbers from this month will show a step change.

[n3tleylucas] 07/5/2014 02:57

Why did Dr Christopher Fay CBE's very close friend and business colleague Arron Banks short this while Lance Baller was selling 4,500,000 shares?

Dr Christopher Fay CBE was on Iofina's board of directors when his good friend and business colleague Arron Banks was shorting this.

Graham, you used to talk about shorters, de-rampers, spread-betters driving this stock down... but it was being driven down from within.

Why are Dr Christopher Fay CBE and his very close friend and business colleague Arron Banks via their respective companies slowly gaining control of this company?

Why do Dr Christopher Fay CBE and his very close friend and business colleague Arron Banks via their respective companies gain more control as the share price falls?

Why did Arron Banks suddenly start posting here on the day his very good friend and business colleague Dr Christopher Fay CBE quit Iofina?

Why is Festario the only one who can see what's happening here?

[nellyb] 06/5/2014 21:53

netley, ffs - serious question - have you really got nothing better to do with your life than chat on this fred day in day out.

[n3tleylucas] 06/5/2014 21:14

'poor misjudgment'

Even if you really meant poor judgement, you are still wrong. Now how much money will this make (or lose) in 2014?

[che7win] 06/5/2014 20:59

Angel,
He's in bad form, poor misjudgement of XEL I hear.

[n3tleylucas] 06/5/2014 20:29

So what happens when Chris's $15m bond conversion price is reduced again?

Will it match Arron's 40p?
What % will they have lads, of the company?

You think Chris & his mate Arron are working in concert?

What happens if this falls to 16p? Will they then get a 20p conversion?

What % will they own then lads? Calculators out... lads.

[n3tleylucas] 06/5/2014 20:19

"Greater clarity and visibility is what has been needed and today's announcement was a breath of fresh air."

Really? Pumping out meaningless individual plant numbers is why IOF are under 40p now. Always with the detail, never giving the full picture. You are never going to change that misleading culture, never.

[angel of the north] 06/5/2014 20:17

I'd like to know who ties your shoelaces?

[n3tleylucas] 06/5/2014 20:16

'We retain our BUY rating, which is based on...'

...IOF paying us to issue buy notes.

[rock star] 06/5/2014 19:31

Greater clarity and visibility is what has been needed and today's announcement was a breath of fresh air.

There still remains a great deal of reliance on the one plant(IO#2) which is capable of up to 25t per month. Assuming IO2 is now churning out the purple stuff after it's annual refurb and with decent management back in place it should provide the backbone of solid and increasing production figures going forward.

With the information in production update I can now see a clear path on how they are likely to get to the 400mt for the year and have a good chance of exceeding it. I don't think it is unrealistic to expect 50t per month production from July onwards.

Going back to the 7th March announcement IO#1 and 2 alone were expected to produce 300t per year. I don't think, other than bad management aside, that has changed.

It was good to see all 6 plants now look as if they will be operational by the end of this quarter. The news that IO#5 has already run without issue and just awaiting the power hook up was a bonus.


In the near term I look forward to the update on IO7 and mini's build and procurement timeline which should also boost iodine production in H2. Now the money is available I can't see LB hanging around especially if IO7 is another 200-250t per year plant.

The worm is turning.

[monkeymagic3] 06/5/2014 17:25

I'm not sure you speak for everybody there!

[superg1] 06/5/2014 17:21

Hmmmm MM£ I had am email ad today called

'Don't be a Monkey in the market'

In Edition 1 of the series you will be learning the following;-

Why Your Broker Will Always Win. Spread Betting & CFD Conflict of Interest



Forget monkey, IOF news releases have turned us into rns shaolin monks ....

No matter what they do, it doesn't hurt anymore.

[bogg1e] 06/5/2014 15:31

engelo, i think it fair to say that the BoD will wait for the hearing on june 3rd before deciding how to invest further in plants and equipment.

[engelo] 06/5/2014 15:29

mm3: mine didn't like the bad news either. Difficult to please, some people ;-(

[monkeymagic3] 06/5/2014 15:26

My bank manager hates all this "good news" we keep having.