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Thanks for posting that PageofCups, i dont think that Cameron could have made It any clearer, the UK Government will not stand in the way of oíl extraction in the Falkland Islands, there must be many potential partners out there who will now view the Falklands in a very different light.

As you say, very significant. We can probably assume that no further fundraising is planned in the short term, because if It was then the Directors would have waited for that before fixing the price of the options.

Page of Cups , might i ask how you know that Jemgee holds "millions of shares".

And might i also ask how you know that the recent purchase of 1.2m shares was North American.

99% of posters who claim to "know " something , actually know nothing , but just once in a while there comes along a post which ultimately proves to be spot on.

Yesterday's post by jemgee might just prove to be spot on , having looked at some of his posting history he does not seem to be a typical ramper.

Seems that yesterday Creselly sold 3m of the shares that they had acquired from Damille. All very odd !

Much in the same vein, looks as though things are waking up.

Well worth reading Charles Moore's article about Falklands oíl in today's Telegraph.

I certainly agree Chrisjse, but obviously Mr. Parker does not ! Sad to see him selling so soon after his purchase.

Shorteverything, i assume that you are not suggesting just 15 to 20 p as a target range, but rather you are suggesting 15 to 20 p above current price , in other words a suggested target range of 27 to 32 p.

Personally i think that 30 p is easily achievable before Xmas.

Bojo, can you explain your message pleased.

Suprised that nobody has mentioned the Edison video interview. It has been available for 4 or 5 days but so far has only been viewed about 70 times. Well worth a look.

Am very suspicious about these revised forecasts, do you not have more detail as to exactly which brokers have made the forecasts ?

Apparently large seller has cleared, would not be surprised to see this zip up to 18p in fairly short order.

Hello Beza, where exactly did you find these revised broker forecasts, because I am of the opinion that not one single broker has put a forecast out in the wake of the recent figures. I will be very happy to be proved wrong !

And i am not quite sure why you say " plenty of buying by Sneller and Newlands argues against you ", because i see that buying as confirmation that we have a large seller suppling the stock.

Poindexter01, you would agree that there has been an agressive and sizeable seller operating here for some months now. The stock has been consistently well offered by one market maker in particular,how else do you think that Sneller managed to recently accumulate his stake in such a short space of time without moving the price.
I cannot guarantee that the seller is Southern Rock but the fact is that they have definitely reduced, hence their RNS on 20th October. That RNS incidentally was issued later than it should have been
( look at the date when they crossed the threshold ), which makes me think that they are not that fussy about complying with the disclosure rules. I may be wrong but i suspect that the next holdings RNS that you see will be Southern Rock reducing further, indeed i suspect that they should already have made a further RNS by now, because certainly 2 or 3 million shares were sold into the market when there was a flurry of buying as a result of Day Trader's recommendation in the Inv.Chronicle.
If this overhang was cleared up in the way that i suggested in my earlier post then this stock could possibly double in fairly short order.

CaneToad, i think that Iofina's share price is where it is for one very simple reason, we have a major holder sellng down their shareholding , and accordingly all interested buyers are holding their fire until they know that the overhang has gone. In days gone by what would normally happen is that the house broker ( assuming that they believed in the investment case which in this case they clearly do, given their share price target ) would arrange a clear-up, by which i mean that he would broke the story to interested buyers and then bid the seller for his entire holding . Once the stock had neen placed the share price eould quickly re-rate to what was considered to be fair value, giving the buyers an immediate profit and earning the broker some brownie points. Sadly small cap brokers do not seem to be so proactive now as they used to be.

I have no idea why they are selling, but i think that we have to assume that they want out completely.
As regards your comment re 20p share price target i think that this will prove to be conservative, for two reasons. Firstly because iodine prices are continuing to rise ( see recent comments by SQM ), and secondly because we should now start to see higher production figures as new plants are constructed. Hamstrung by debt the erection of new plants was not a possibility before , but it is now, indeed we have been promised news of 109 by the year end.

The price did not rise on what is obviously good news because quite simply the whole world and its dog knows that major holder Southern Rock is selling down its holding, and any demand for the shares is easily satisfied. It is diffiult to be certain as to how many more they have got left to sell, but i would guess 10 million, so you may find that this stock remains depressed for some time yet, despite the fact that on fundementals it is clearly very cheap.

Looks like you were right in thinking that there was professional interest, Frank, fund manager Schrroders has just announced an increase in their holding.