Iofina Share Discussion Threads

[phoenixs] 20/6/2014 08:18

Festario, I appreciate your sentiments but quite honestly why pay top dollar for something if you reckon that you can buy it for less and make more. Dare I say it,but none of us are altruistic when it comes to buying and selling shares!
IOF are doing what they need to do now and given a little more patience I believe that mr big may well be right in his belief that the share price could be around £1.25 later on this year.

[woodpeckers] 20/6/2014 07:51

Which suggests the share price will only go in one direction from here making it a good time for others to get in/top up!

[mister big] 20/6/2014 07:14

Natural bullying traits !!
Hardly - just giving my opinion , I've been right most of the time but quite capable of screwing up badly ( thAts life )
As for iof I'm a buyer at around 50p and when the prices drops to that level I start buying .

[cyberbub] 20/6/2014 07:12

As soon as I saw '01:59' I knew whose post I would find waiting... LOL

[monty panesar] 20/6/2014 00:58

Cyberhub,

What you say seems about right to me.Mr Market disagrees as that would mean a four bagger over 18 months.

Time will tell.

Monty

[cyberbub] 19/6/2014 23:01

Just looking forward...

Let's say we have a target of 200p.

Let's prudently assume we have 150M shares in issue, due to the various convertible loans etc.... so a market cap of £300M.

Let's put us on a relatively modest P/E of 15.

That would mean we needed to make a post-tax profit of £20M = $35M.

Add on tax (conservatively ignoring the large losses we have to use up) would give a pre-tax profit of say $45M.

Add on admin costs and that would be $50M gross profit.

Let's say iodine recovers to $50, while costs fall to $20, giving a profit margin of $30 a kg.

That would mean we would need to produce $50M / $30 = 1700mt per year.

I would think that IF everything goes reasonably to plan, we could be producing that run-rate by the end of 2015 or early 2016?

Hence my statement a couple of weeks ago that late 2015 is the timeframe where I could see us back at the former share price highs...

Just my view - no advice intended...

[superg1] 19/6/2014 22:41

Fest

That's the way funds work too, they'll happily sit on a price, they know PIs sell on the drop and buy on the rise.

Plenty in various shares will 'lane hop' on a tip or hunch, the vast majority lose.

I anticipate the main interest is sitting waiting for any sign of a supply agreement, they'll happily then but into a rising trend. No point gambling on whether one will come or not for them, they'll get busy after such an event.

Oh by the way a certain someone now not at IOF was overheard chuntering outside the AGM on that topic.

[festario] 19/6/2014 22:20

Mr Big, similarly I don't need you to tell me what I mean when I say something.
I think your money is going to your head, and your natural bullying traits are now rising to the surface.
Your attention to detail is not very good either.
You see, I did NOT say 'with the greatest possible respect'
I DID say, with all due respect.... and that is what I meant.
It is something I would say to anyone, Prince, Pauper or Bored Millionaire.

[woodpeckers] 19/6/2014 21:39

Can't knock you for wanting to pick up shares as cheaply as possible, that's what we all endeavour to do. Just wish people would see the bigger picture, have a little more patience and not allow you to get away with such bargains!

[mister big] 19/6/2014 20:59

Fat fingers - anyone who starts

[mister big] 19/6/2014 20:45

Ps anyway or starts - with the greatest possible respect means the opposite !

[mister big] 19/6/2014 20:38

I don't need lectures on how to trade - thank you !
I picked up yesterday 120k shares at around 51p , I have consistently bought at around 50p . Why over pay when they are so many dummies handing stock over or get bored after a few days it isn't rising . Discipline is what brings long term profits !

[festario] 19/6/2014 19:57

Mr Big, with all due respect, just pay the going rate then, because if you are confident in this, then a million pennies, (i.e. £10k) is not going to make much difference is it?

[mister big] 19/6/2014 19:39

Yes very satisfying !! Enjoyed the sing a long !
I have had a large buy order out unfulfilled , so have to disagree on trying to buy stock - albeit it had a limit on it .

[deadend] 19/6/2014 18:22

CHEERS MR BIG,NICE TIP FOR STARTERS AT ASCOT,YOU HAVE THE TOUCH!!!

[woodpeckers] 19/6/2014 17:56

I think we all do Festario.

The company is making great progress in it's turnaround but we can't expect the market to see that immediately or understand the potential we are all sitting on. This is a complicated company with many strings to it's bow which perhaps hampers it's 'understandability'. Strange to think that added assets have actually caused harm to the perceived value over the last year, but in time the market will understand the true value of all that Iofina has.

Perhaps mister big will get his cheque book out tomorrow after his day at the races and put a smile on all our faces.

[festario] 19/6/2014 15:42

All this nonsense about tight supply and finding it difficult to buy is irritating. It's simply not true.At various points today I have been able to buy 100k shares at little over 52.5pBut I cannot sell more than 15k above 50p.There is a constant supply, today and always.I am looking forward to a day when that situation changes.

[mister big] 19/6/2014 10:29

You will get netley back with his oil conspiracy theories - lol he can't work out if it's a buy or sell - oil strike , read all about it !!!

[superg1] 19/6/2014 10:22

I did say hunting for battery news would turn other things up. That's the way iodine is, the advances in technology are finding iodine is a bit of a multi-talented mineral.

From disinfection to more recently advances suggesting it's could be preferred for satellite propulsion. Used in cloth dyes and in etchant gases for computer chips.

I see the oil word got mentioned.

Let's face it they have a near 300k acreage in what is being called a world class discovery (the bakken).

The 3 forks hit the headlines just last year and runs all the way under IOF acreage.

Way back I asked re acquiring that acreage, it was dirt cheap and in the deal came $11 million worth of 3D data. That was all pre frack boom.

Only about 5 wells have ever gone to the lower depths in the area decades ago. Weil resources got excited about one while looking for helium (Nisku level), others are drilling the Nisku in nearby counties.

It's non core they have done very little to market it, but it's there and they got it for pennies. Try and get 300k acres in the bakken now.

[rogerbridge] 19/6/2014 10:15

There are a lot of big hitters at that conference, some could buy IOF with petty cash.

[che7win] 19/6/2014 10:07

Interesting stuff superg.

[superg1] 19/6/2014 10:04

Che

You may get your Japanese wish. I've no idea what they are going on about re hypervalent iodine but they have a whole conference on the topic for 4 days.

The idea was around some years back and it seems they have made good progress. This is the 4th conference.

Recent articles talk of it creating 'green chemistry', the mention the removal of the need of rare earths and heavy metals.

[madchick] 19/6/2014 10:03

I hope any buyout of iofina can wait for another couple of years...