Jump to content
Sign in to follow this  

Iofina PLC

Recommended Posts

Could be interesting, this chemicals company is apparently moving into cannabis oil with a view to breaking down the oil into constituent parts to be used as additives to beer and soft drinks for the US market, I'm presuming that's as a pain control product? This is just mutterings on twitter, can't find anything official though they are raising money for a new production facility.

https://www.proactiveinvestors.co.uk/companies/news/220584/iofina-to-raise-up-to-75mln-to-pay-off-debt-and-expedite-construction-of-new-production-facility-220584.html

1047778071_IofinaPLC_20190520_13_08.thumb.png.2feba33533c5d57ae880ed8d2fd48b97.png

  • Like 1

Share this post


Link to post

Lost track of this one but making progress with it's expansion into cannabis oil products, 'Iofina PLC to move into production of CBD oil after Kentucky approves hemp licence'.

696216364_IofinaPLC_20190627_11_39.thumb.png.97c6b370636ff6e45199f9360f8efcea.png

Share this post


Link to post

Cannabis stocks seem to swing to violent highs and lows right now, and the cannabis index is really underperforming.  If you like 'trading volatility' then it might be right for you otherwise ... stay away!

Share this post


Link to post
15 minutes ago, dmedin said:

Cannabis stocks seem to swing to violent highs and lows right now, and the cannabis index is really underperforming.  If you like 'trading volatility' then it might be right for you otherwise ... stay away!

It's a chemicals lab processing company rather than just another grower so distillates the components of the plant to be added to other products, so there may well be a large niche for it to slot into in the greater scheme of things as the list of uses grows.

Share this post


Link to post
3 minutes ago, Caseynotes said:

It's a chemicals lab processing company rather than just another grower so distillates the components of the plant to be added to other products, so there may well be a large niche for it to slot into in the greater scheme of things as the list of uses grows.

I'll add it to my list to watch, thanks 👍😊

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,235
    • Total Posts
      35,857
    • Total Members
      45,839
    Newest Member
    vench
    Joined 18/08/19 06:57
  • Posts

    • Where can I find a list of the US ETFs which are tradable with IG? I can't receive market data for those via the API (same as for stocks), correct?
    • US Dollar - The World's Reserve Currency: The US Dollar as the world's reserve currency is an issue which causes mix reactions and thoughts. When the US Dollar  became the reserve currency there was no Euro or Chinese Renminbi. Since their introduction it has eaten into the US Dollar's world dominance and as a result has led to it declining from the 70%-80% range to the 60% range. If one remembers, the UK Pound Sterling, once was the world's reserve currency but it now only accounts for around 4% at the moment. So things can change and it is not a given that the US Dollar will remain the world's reserve currency forever. It will have to earn that right which it may well do.  The US Dollar’s share of global central bank reserves hit a 5-year low, according to the International Monetary Fund. Now is this the beginning of a significant change here? Is the US, the world superpower it once was? There is no doubt it is the mightiest country in the world at this moment in time in terms of economics but imagine if the US Dollar lost its reserve currency status. This would have a large impact on the economics within the US.  I do not envisage the US losing its status anytime soon but if things continue to get worse and other countries find ways to conduct international transactions / transfers / payments without the need to hold US Dollars, and an alternative arises then who knows. 
    • Going back to my FTSE analysis I see things as follows: 2 scenarios present themselves, other than fresh ATHs that is: 1) the move down to the turn on Thursday was a wave 1 (blue) off a larger scale wave 2 (purple) that should retrace, maybe in a complex fashion with a lot of whip saw price action maybe not, let's see; 2) the recent rally and drop to a new low was a 1-2 (red), which indicates a much stronger leg down is immanent. The #2 scenario would only be valid if price holds below the previous high (circa 7300).  I favour the #1 scenario. There was PMD on the 4H chart at wave 1 (blue), which suggests this is a turning point.  Also the 4H chart shows a 1-5 wave down to the 1 blue, which would be motive and suggests a trend change to the bearish side. There was strong NMD at wave 2 (Purple) which is consistent with a large scale retrace move. Just as with the US large caps, after the stop and turn up there was a sharp retrace drop to the Fib 76/78% zone before the current rally.  As the FTSE was in out of hours at the end of the week this market has not rallied as hard as the US markets.  Also we may yet see fresh ATHs on US large caps while the FTSE100 only puts in a counter trend rally. If we do see fresh ATHs on US large caps and only a retrace on FTSE and probably Dax and Nikkei as well then comparing these markets will be instructive for calling that top on US large caps.  We may, alternatively, see only a retrace on US large caps too if the top of the market in already in. Conclusion: we can anticipate a bullish period on all major indices BUT should guard against a quick reversal on FTSE 100 that would set up scenario #2.  Either way this market looks to have topped out so the coming months though to the Autumn will be critical to deciding things on all indices, and likely quite a few other markets. I am Long the FTSE 100, coincident with my Dow Longs and will swing this up for now but my bearish bias for the long term will keep we watchful for a break down of this rally and I will not be pyramiding this one, far too risky until things are resolved.
×
×