Member Info for thesonandheir

The only positivity I see is the rise in iodine prices which is inversely correlated to the dollar. USD has been in free fall this year and it has rubbed off on commodities with some of them surging. IOF is now a dollar play.

Yes. Price is consolidating now, it will resolve one way or the other shortly. Go with it which ever way it decides.

Any chartists see this on the daily? https://www.tradingview.com/x/brkiXCoW/

H1 2017 Market Update Exceeds anticipated iodine production output Iofina, specialists in the exploration and production of iodine and halogen based specialty chemical derivatives, today provides an update to the market regarding its activities in the first half ('H1' or the 'Period') of 2017. Iofina produced 235.5 metric tonnes ('MT') of crystalline iodine in H1 from its Oklahoma based IOsorb® plants, exceeding the Company's expected output of 215-230 MT. During the Period, IOsorb® plant IO#3 was shut-in due to lack of brine supply and the Company continues to make positive strides in its intention to move this facility to a superior location in our core area. At present, final details are being resolved and we will update the market once all the specifics to allow for the relocation are complete. Iofina Chemical performed well in the Period, with demand for both iodine and non-iodine based halogen products remaining robust. The Company has increased Research and Development activity in the Period in order to meet new market demands and inquiries for specialty chemical products. Looking forward, Iofina expects to produce between 225-240 MT of crystalline iodine in H2 of 2017 from the four currently operating IOsorb® plants. Iodine prices were relatively stable over the last two months but remain below historical levels. Whilst not certain, the Board believes there is presently a greater probability for iodine prices to increase in both the near and long term, based on current supply and demand indications for iodine. Commenting, President and CEO Dr. Tom Becker, stated: ''Despite having to adjust our output forecast following the IO#3 shut-in, the Board is pleased that we were able to exceed our production targets in H1, which is testament to the improved processes and efficiencies. Iofina continues to make positive progress towards the reutilisation of the Company's IO#3 assets. This is critical in order for Iofina to meet its goals of reducing costs and expanding production. We look forward to updating the market once all details are finalised." ------------------------------ Company has increased R&D - extra costs.

Looks very unbullish here with the sell off. Hope to many didn't get reeled in with the pump up to 16p, the results were awful and reality is now setting in to the SP. Keep selling!

No, the biggest Chilean producer stock price has been going up all year (SQM:NYSE). They are increasing volumes so IOF can't compete. _________________________________________________ Higher iodine revenues were the result of higher sales volumes in the first quarter 2017 compared to the fourth quarter 2016. In the first three months this year, we saw a downward trend in iodine pricing with average prices falling to approximately US$20/kilogram, a decrease of about 18% compared to average prices seen in the first quarter of 2016. In recent months, we have seen prices stabilize. Our sales volumes during the first three months of 2017 totaled 3,400 MT, approximately 44% higher than sales volumes seen during first quarter 2016. The sales volumes in the first quarter of 2017 were higher than expected, and the overall sales volumes for the year could be approximately 15% higher when compared to 2016. In line with our existing iodine strategy, these higher sales volumes will allow us to increase our market share again in 2017.

So iodine prices fell 20% and profits dropped by 37% to $2.7m. Including a $2.1m revaluation credit in respect of share conversion rights. More non GAAP shenanigans.

and hearing the news. Further dip could come before the bargain hunters pile in.

EM's are dumping today meaning other iodine manufacturers will have more attractive prices.

Strong dollar killing this. Earthquakes increasing frequency in Oklahoma. Target sub 5p.

Doesn't really matter with a black swan like that. IG just increased margin on GBP pairs from midnight. Best to stay away until further is known.

Potential to be another SNB event.

Cracking short from these prices, the earthquake in OK doesn't bode well for future production. Listen to what the USGS are saying.

Good on them, glad they found a supply of greater fools to punt these on to, that's what the market is all about after all.

Apple suppliers up today as an order has been placed for 70m iPhone 7. http://www.bloomberg.com/news/articles/2016-05-23/apple-s-suppliers-gear-up-to-bring-new-screens-to-2017-iphone

PI's are selling at these daft prices but the Tosca buy algos are gobbling them up.

Tosca must be insane to keep bidding up this junk.

Was going to say this looks like a classic short squeeze but there doesn't seem to be any shorts of note on shorttracker.co.uk. Strange one.

What's going on here then? SP up on low volume and spread has widened.

Anything brewing here? Anyone fancy taking a nibble or is it likely to be a bitter aftertaste?