Member Info for Mesquida

Not sure what your point is, comeonvog, because both of the statements that you have posted make it quite clear that we should get news by 30th June, which means that the Directors still have 6 weeks in hand in which to come up with a solution. Obviously I would prefer that we do not go all the way to the line, but given that we have had a totally unforeseen pandemic to contend with, coupled with the related collapse in oil prices and subsequent interruption to IO8 brine supply, i think that we could perhaps be a bit more charitable to the Directors, don't you ?

FastMarkets ( formerly known as IndMin ) have this afternoon released a further bulletin on iodine prices. Now $38.5 per kilo, but they talk of a small amount changing hands above $40.0. They make the point that demand is increasing but there is little increase on the supply side.. This price, iodine, can only go one way, and once the share register tightens up a bit then the price of Iofina will go with it !

What kind of halfwits are selling on such good news , you ask. Well, i imagine that the sellers are FinnCap clients who came in on the placing at 16p back in May, and are now more than happy to bank 50% plus profit before their year end. These so called institutional placees were never ever going to be serious long term holders of the stock, despite the fact that FinnCap was charged with finding quality long term holders, and invoiced the company accordingly. But this is par for the course when it comes to raising funds on AIM. I am not a fan of FinnCap, as you might have guessed, but the sad fact is that they are probably no worse than the average AIM Nomad.
My advice to you......concentrate on what the Company is saying, and don't pay too much attention to daily share price movements !!!

Ollie, instead of insulting Muchaboutmoney why don't you just answer his question ; as he says, it really is not that difficult, and your reluctance to answer will rather devalue your credibility.

IndMin's latest bulletin on iodine prices makes for good reading. Certainly very bullish for Iofina.

You are being far too pessimistic, rylidan, current events in Chile are likely to impact on the iodine price sooner rather than later. The market does not need a trading update/results to recognise the boost to profitability that would result from a rise in the price of iodine up into the 40's ( that is dollars per kilogram ).

People beginning to realise that industrial unrest in Chile might soon impact adversely on SQM. Don't forget, they account for almost 50% of global iodine production. If the people currently setting fire to cars/ closing ports in Chile were to barricade SQM's mines ( and with their profile SQM are inevitably a target, the majority shareholder is General Pinochet's son in law ), then it is not difficult to Imagine what might happen to the price of iodine !

Actually Stena have not sold, their reduced percentage holding is simply a result of the increase in issued equity by virtue of the placing.

Another good report on iodine prices today from IndMin, will be very surprised if this does not move higher tomorrow.

Not quite sure what your point is wiseinvest1, but yes it is true to say that after the placing Iofina will have 200m shares. At 17p the equity market capitalisation is therefore £34m, which does not strike me as being very excessive given that there are potential annual earnings from iodine alone of about £10m, and then of course there is the added sex appeal of the new CBD product.
And when i say potential annual earnings of £10m from iodine alone, i would stress that i am basing that on a likely iodine price of $35 per kilo, whereas the current bull market in iodine could well run prices up to $45 per kilo before any meaningful source of new supply materialises.
Suggest you do the sums.....1000 tonnes per annum, approx. cost of extraction $15 per kilo, all looks very attractive to me.

Some very interesting comments over on advfn board re possible takeover prices, also cost of building this operation from scratch. Seems to me that this is stupidly undervalued.

Sorry to be so thick, but what exactly is the elephant in the room to which you refer?

A challenge for you, throwingmuses ! Are you prepared to state here on this forum, unequivocally, that City Financial still have a shareholding ( you do not have to specify an exact number ) in Jersey Oil and Gas ?

I understand that he is doing an interview with Malcy. Surprised that you did not know that, throwingmuses !

You ask, why can't we have it out in the open ? But let me ask you a question.... After your multiple abusive and ill informed postings of the last 4 days, just why would anybody want to share any information with you ?

You are wrong to say that nobody knows whether City Financial are out, it is you that knows nothing, believe me there are plenty of people who know whether they are out or not, your attempts at deramping here whilst at the same time claiming to be a long term holder are making you look like a total tool.

Oh dear Tonnacombe, I fear that you have been overdosing on the many unjustified comments that throwingmuses has posted here over the past 48 hours. Or perhaps you are throwingmuses under a different name. Whatever, I will repeat what I said on Friday night, namely that the debacle that is City Financial was not new news that suddenly appeared on Friday, all week they had been selling down small cap stocks, and therefore it is quite possible that they now have very few JOG ( if indeed any ) left to sell tomorrow. Throwingmuses is clearly just another trader who is posting irresponsibly so as to provoke short term price movements that will enable him to deal in and out profitably. Quite why he refers to himself as being a long term holder I am at a loss to explain!

Is it just a coincidence that these past few days Filtronic have been exhibiting at a very important trade fair in Barcelona.

City Financial have been aggressively selling down small cap stocks all this week, not just today , so it is entirely possible that they now have very few JOG left, indeed they may already be completely out.

On friday FinnCap were no longer aggressively on the offer. Their seller might be finished. Also this week we should hear from SQM as to whether recent catastrophic weather conditions have impacted on iodine production in Chile. This could be very significant because during the past few months end users have been running down stocks. All the blocks are in place now for a sustainable bull run in iodine. This coming at a time when at last we have some clarity on Iofina's debt structure. Would not be surprised to see this up nearer 30p in fairly quick order.