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Iofina Share Discussion Threads
Showing 79926 to 79948 of 79950 messages
|Khalev lost BTW not that he was doing much iodine but he got done for the breaches IOF raised.|
|I should add the EIA was suspended in July 16 for Orcoma at the request of SQM, it could be they have shelved the project or put it back a while. They hit some headwind on the EIA.|
I knew I shouldn't have looked at the transcript but just did and more dodgy info as always.
I see the Analysts were asking questions about the high dividend. Some pony answer but it's because Lerou is on the way out so he wants to cash in of course.
That led on to a relevant question and shows the analysts haven't a clue.
Yes, good afternoon. In terms of capital expenditures, what figure should we model in 2017 and 2018 considering the numerous amounts of projects that you have on board. Thank you.
Thank you. Basically, first we have to remember that our maintenance CapEx is between 100 million to $120 million which is less than 50% of our depreciation. So that will continue on that level we think. I have to say that we have not presented yet our budget for CapEx next year to the board. We will do that soon. But basically we are thinking on the $30 million next year investment in the lithium hydroxide that we already announced, we expect going forward in the project in Argentina to spend close to $100 million next year from our part, and then also regarding the nitrate expansion that we also commented that should be next year also in a range of $30 million.
What happened there then ???
What about Orcoma due to start iodine production and nitrates in 2018 at a cost of $230 million. How has that managed to slip the mind of the CEO and analysts.
The Argentina JV has an estimated total costs of $600 mill.
Funny how Orcoma suddenly drops out of the conversation and SQM news and analysts don't know about it.
Why pay out such a large dividend. So off go the analysts with poor research to charge for their services and updates on SQM.|
|plus or minus 3 is hardly dramatic, given the circumstances.|
|Just to be clear re RB the exact reply I got
"July 5, 2016 was the closing date, so the 180 days starts from that date. We will report until we are discharged as Receiver, which will likely be early in 2017."
July 5th is about the 6 month exclusivity period for Jilin
and months prior to that
"The Aguas Blancas mine will continue to operate in the normal course. The purchaser has 6 months to exercise its option to acquire the ultimate shareholder of the Aguas Blancas entity, so we expect to know in the short term whether they will be exercising their option."
They clearly haven't hence I go on about the liquidators will keep it going until the cash runs out and milk it for fees etc.
So once it closes we will see how the market reacts in the following months. Someone could acquire it post leases handed back etc but I doubt it as it's never been viable in 15 years.|
|Joe your idea of sideways 13 to 10 isn't mine.|
|Booked IAE profit, 5.5%.|
With RB looking like they are set to go Q1 2017 it may help. The liquidator have had a bit of a jolly dragging it all out, sorting their lender friend who also makes money when the tax refunds come. It's probably the same lender as the Lithium side.
As I say from the liquidators they expect their responsibilities to be ended in early 2017. Jillin exclusivity to buy the mine for $10k expires on 1st Jan 2017.
All dragged out as money spinner for the liquidators unfortunately. As long as they could continue to get fees out of it then they would keep it going. The loan restructure early last year gave then some cash to play with and take.
I though the interim lender on the Lithium was nuts but how convenient that the whole lot on good rates and all the fees happened to be covered by a similar amount of a tax rebate. Of course they would have known all of that before they agreed to lend the money.
With the iodine mine write downs like the ALP (£30-£50 mill)I'm sure it's an identical situation at the iodine mine,
They won't put the mine up for sale they know it's worthless and have said so.|
|Fully understand the 'bored of IOF' sentiment rheumking, although, even after these years of frustration, we still hope that it will come good and deliver us an early retirement, preferably within the next five years of what now seems to have become a 10 year investment! That said, to add a little excitement to our lives, we have sold off a few and dabbled elsewhere: FXPO, among others, certainly hasn't disappointed and with the price of iron ore climbing as it has done, coupled with the increasing world-wide demand for this pellet product, the potential seems huge. However, it is a very volatile share (today being a case in point)and not for the faint-hearted! As usual NAI, DYOR and wishing you the best of luck with any new investment.|
|rheumking I did the same recently with IOF - dead money at the moment & who knows how long SQM will hang on. I also have a very big loss, but luckily sold 80% at the top to buy a house 3 years ago - pure luck.|
|Ok so I have finally got bored of IOF bouncing around the bottom for the last 2-3 years.
Despite the potential I cant see this moving much in next 2 years or so- sad to say as I am well underwater here.
Was thinking of topping up but now thinking of moving to miners or oilies.
Which of the bigger companies are best placed- Glencore, BHP or Anglo American?
Any tips on smaller companies also gratefully received.|
|CPI looks cheap to me.|
|BOWL bowling up|
|It's been a long supply/seller. I can't help think it's Stena or AB with those notes sorted not need to hold etc. Then gain no notifications so who is it ?|
|Superg, Still watching VRS, i had earmarked TERN sale to go into it, but TERN is turning out a right disaster....so far :-(SEPU surely must get a bid soon? Might take a punt.|
|All part of the market Che. I know one guy that more or less has a hotline to the FCA re the games they try to play on shares he follows.
Did you get any VRS in the end. Supply looks about gone and imo a run of news due shortly.
Right to read the chart there as they had delayed revenue but perhaps the market was a bit too hard on it. That's the trouble with companies with revenue they tend to have an M/C far lower than companies with no revenue and no business. Always a factor to consider. I don't have any BTW|
|If you want to see blatant share manipulation this morning, CAKE fits the bill.|
|Bought more IDP at £1, a punt.|
|Meanwhile our share price heads lower :((
Been going sideways since May. I guess it all depends on your outlook?|
|Should be another good day for the oilers.
Good update from Glencore (GLEN) too:
2016 Marketing EBIT expected towards the upper end of the recently tightened guidance range ($2.5 to $2.7 billion) in line with supportive market conditions during the second half
-- Leading large-scale low-cost supply positions in mid and late cycle commodities such as copper, cobalt, nickel, zinc and thermal coal, all of which possess favourable long-term supply and demand fundamentals
-- Significant operational leverage to improving fundamentals in our key commodities with substantial volumes of low-cost latent capacity that can restart when we believe conditions are right
2016 has been a challenging year that proved Glencore's ability to quickly adjust to tough conditions, emerging stronger and well positioned for the future
Ivan Glasenberg, CEO, commented:
"Last year we announced a programme of measures to reduce our debt and structurally increase the flexibility and strength of our balance sheet. We have delivered on our commitments and done so in a way that has preserved the long-term earnings capability of the Group. Glencore can look forward to the future with confidence, based on our scalable and low cost industrial operations and robust marketing business."|
|Good to see the bears still around. Not been on here myself for some time, and in all that time absolutely nothing has changed, other than IOF getting weaker and weaker. A case of brittle bone decease. I see IOF released their interims at the last minute again. Doing just enough to meet AIM requirements. Typical failed listed company. How on earth anyone continues to think this is "a good investment" beggars belief.|
The company is in deep poop without the lithium, it's not just lithium but the other bits they get that mix with other products.
Early on before the lithium price hike and other product price dive it was said it formed 39% of revenues. But as one analyst pointed out loss of other products coming out of the same brine affects 75% of the business.|