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I hope you’re right! If the SP does get to 30p I’m out having averaged down the last few years. Will be happy to just B/E
Despite the management’s relaxed attitude to keeping shareholders informed of relevant events, I believe that IOF’s share price is due an imminent and dramatic upturn. The Q1 figs should be out by Thursday or the following Tuesday. Although, almost certainly we will get no revenue figures (that would be too much to expect) we should at least get some reference to production levels and to the spectacular increase in the iodine price overn the last quarter plus some mention of what should be increased demand for their products. Surely everything must be very rosy and the sp should react accordingly. Perhaps more importantly, I cannot believe that AB will stop his buying activity now he has reached 4%. He wants to have some influence and I am sure that he will be buying a lot more shares in the very short-term. Just my view, but I believe that the sp could/ should reach 30p+ in very short order.
Extract from their financial report for the year ending 31 December 2020:
‘We strive to provide our stakeholders with timely and informative responses’
I presume that shareholders count as major stakeholders.
Where is the update on IO9? Shareholders have been told the following:
15.10.21 ‘These negotiations are progressing, with the expectation to commence construction before year end.’
29.12.21 ‘We expect to now finalise an agreement in early Q1 2022.’
17.1.22 ‘We expect to provide further news in the coming weeks.’
Absolute silence on the matter for the past 10+ weeks. Nothing has happened in Q1 let alone early Q1. No update. Nothing timely or informative from the Board.
I trust that the auditors insist that this statement is taken out of their next financial report because it is not true.
Certainly bodes well for the rest of the week, 30p incoming especially on news of IOS 9 production
Late buy for £35k
Maybe another rns inthe morning, who could it be I wonder ??
Didn't expect to get close to 25p until 15th April when Iofina regularly releases their business update.
Things looking up.
I think we can assume iodine and derivatives are heading into a growth period, I'm reading it could be rapid growth, a question for us is, have the board positioned us to take advantage of the opportunity presenting itself. We've been told for over a year about iodine price increases and the future holding further increases. Could have invested $900k stockpiling.
Because of the oil price the fracking sites have open up the taps and all our plants could be at increased output. Lucky break for us.
Downstream users will making good money and looking for acquisitions and the SP now is making us vulnerable, what dynamic company chairman wouldn't say iofina looks cheep and I could do a a better job.
Iodine supply under pressure
https://amp.ft.com/content/43ed293b-2a0d-4f18-8039-3ff2d728b9a4
https://www.indmin.com/Article/5089882/Europes-radiation-worries-put-extra-pressure-on-iodine-market.html
Industries using Iodine are expanding as well, batteries for instance are required more and more in our green energy world. Samsung are starting solid state battery production, not sure how all this demand will be met.
If you have a look on Ebay for instance, people are selling Iodine Tablets for Radiation for North of £100 a pack. There is very little Stock/Capacity out there right now.
That's just one corner of the Iodine market, without getting into the other trending industry - Fracking.
I think you have something there Harry.
Joking aside, these things could seriously take off.
Remember Iodine (Potassium Iodide) is used to counteract and block radioactive absorption.
Many Brands of these Drugs are currently sold out around the World, as demand surges on the threat of potential Nuclear conflict. God help us all.
It is highly likely that Eastern Europe and beyond will look to secure additional supplies of the Drug on both a Civilian and Military level.
He's the best ramper out there so it's all good.
Directors buying at these highs can only be positive for the share price.
It is correct that AB had no shares as he sold his insurance interests (which included his 10.6% of IOF shares) to Southern Rock back in August 2021. When Southern Rock dumped all these holdings in January the delinquents never reported it. Fortunately, Sneller and Newlands mopped up most of these shares. Now AB is back hopefully he will shake up the dozy Baller and other board members to the benefit of all shareholders. I expect AB will start to build up another decent shareholding as he can see the huge upside in IOF and we should start to see some substantial and overdue sp rise. Still no contract news on IO9 months after it was 'expected'.
& bragging about his purchase of Iofina shares on Twitter.
Yes, he's back
Am I reading that right, did Mr Banks not have any shares at all before this?
Demand seems to be increasing globally and emergencies increase it's use even further.
https://www.mordorintelligence.com/industry-reports/iodine-market
He had never ending opportunity to buy big an cheap in the last year, so something has or is about to happen which has brought him to the market, so the question is what can that be. Is it the Iodine price, increased production, new process, takeover, seed sale any other thoughts.
That was my thinking - extra votes for the BoD at the AGM
Onwards & upwards.
Should get an excellent business update come 15th April.
Hopefully be pushing 25p plus.
Cheers.
Not sure if Lance is trying to send a message with these buys, but it would be a far better message to pay back the 900k loan....or even to answer emails from disgruntled shareholders.
Wonder if this is part of their plan to calm shareholders before the AGM??