The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I CAN SEE 50P COMING
As pointed out on 02/05/23 & 25/04/23 This share is certainly worth a look. Even today I think 40p could be tested very soon. To those that got in, well done,
My average share price is 16p, I wish I bought more. But can't complain, if we hit 50p I'll consider offloading some of my original stake......'consider'
This share is motoring and I am not ramping
This baby is starting to move up
I did say on April 25th. } People should think about getting into Iofina. Everything thing is going in the right direction. What is not to like about the RNS. Share price 25/04 --- 31.75 today 02/05 ---- 34.25. Don't miss the boat.
At around 3.30 mins he speaks about organic growth (more iodine extraction plants) and inorganic growth via bolt-ons and add-ons (difference?) to the chemical production lines. Thankfully no mention of river water extraction or hemp seeds; hopefully lessons learnt there! This was in response to a very sensible question: "what next, do you keep building plants until they become unprofitable?"
Worth listening to.
Thank you for posting link to the Proactive interview troajan. Iofina, for the first time in many years, is looking an excellent investment proposition at these levels. Thanks to the recently increasing price of this commodity and the fact that the company is a relatively low-cost producer, they are finally throwing off cash on a monthly basis, which together with two more plants coming online this year (hopefully), gives grounds for optimism that the share price will steadily climb through 50p and then a £1 again in the relative near-term. Picked up another 30k for the ISA this week, the last 9k of which showed as a sell today, as I suspect many buys did based on the share price action.
People have to get into Iofina now. Everything thing is going in the right direction. What is not to like about the RNS.
Bought around 30k first thing this morning and all shown as sells!
https://twitter.com/hashtag/io9?src=hashtag_ click. It's getting close boys & Girls.
I hope that IOF have all their cash ($4.7m at 30.6.22 – more now I would hope) in one or more of the TBTF banks. I trust that they have no cash or very little cash with any of the regional Oklahoma banks (or elsewhere). I know that any bank transfers could trigger to a self-fulfilling prophecy of regional bank failures but Becker’s responsibilities are solely to act in the best interests of his shareholders. He can best help the local economy by keeping IOF solvent and employing local people.
Cheers, thanks for update. Will think about topping up tomorrow. Seems like no real valid reason fox selling?
Recommended sell on a tip sheet by all accounts. Completely wrong to Recommended profit taking at this point without some strength to absorb the sells, premature. Unfortunately when these tips come along it moves several shareholders to act and that can have knock-on effects. Trouble following these tip sheets is anyone who doesn't move gets left out so like sheep they all move and hit thier remaining holdings down 10% negating gains.
Wasn't expecting this. Has the iodine price been dropping? Hard to track, so will have to trust it stays high. An update on IO10 would be good too!
Was expecting a push up. Looking at 5 year chart can see the cup and handle, but it also looks like we're somewhere on a spike. Hopefully will go up to 40p+ and consolidate? Last time we were at 30p we fell like a stone when we got heavily diluted. 50% more shares in circulation than then, so MCAP is a lot higher. Strangely iodine production was higher then! However with this new plant and the next we should get back to record production.
The best news is the high iodine price. That is what drives our current surge, so long may it climb.
Yep, agreed, definitely good that lance is investing some of his "seed" bounty here. LOL
Directors buying is a good sign, might be more RNS to follow with more director buys if the last couple of years is anything to go by.
Cheers to that Clainly ??
I read a while ago, the longer the consolidation, the bigger the breakout. Hopefully that rings true here.
If the price keeps going up Wolfie. I can clearly see a Stella glass and Peanuts shape forming !!!!!!!! G/L -- Ian
Looking at the chart on Google, is that a big old cup and handle on the 5 year chart?
Just looking for thoughts.
I’ve held from £1.50 something, not as bad as yourself put still in pain