Iofina Share Discussion Threads

[camerongd53] 19/7/2024 17:43

Update is as expected with everything going as hoped for but maybe not as fast as we dream of.
The really good news is there are no banana skins etc.

[p1nkfish] 19/7/2024 11:42

Totally. Some will sell up just as this breaks to new highs.

[nellyb] 19/7/2024 10:25

zendo, things can also change quite quickly.

[zendo102] 18/7/2024 19:47

The one year chart says it all. This time last year the share price was in the mid-thirties. That's not taking inflation into account.

[bocker01] 17/7/2024 16:44

Extra brines, announcement of the next plant and interims are hopefully in the short term news flow Owenga. Tom also indicated in that interview that they are seeing improved prices.

[owenga] 17/7/2024 13:56

The main problem i see is that new plants never seem to bring on as much growth in production as we expect. It tends to cover declines in production from older sites. The last 3 years of new plants and are still below production levels 4 years ago. The new plant, either 7 or 8 in a new area i have assumed is a real dud as production didnt increase at all from it.I want to see production figures on a plant by plant basis, not just a total. I think management are too embarrassed to do that.I don't personally believe we will hit 1000 production in 2026, as there past record over the last 3 years has been so poor.However i still think the current share price is far too low, so continue to hold for hope of a more realistic share price

[beeezzz] 17/7/2024 11:03

bocker - Obviously 6 agree with your post, which is fine.

However, share price on 12 dec 2008 was 22.78p what is today 23p how long do you want to wait, that's 16 years..

And remember many here are under water due to the water fiasco(excuse the pun), my highest price is 75p in 2014, since then I purchased a shed load at 10p and above...Like most to bring my break even down.. 24 Mar 2016 6.14p so all those that brought in then are quids in, over 300%, but, those that are still under water are siting on a dead investment, which is why the share price struggles to go up on any good news simply because many are waiting for an exit point, its due to human psyche.

Yesterday was a prime example of that, soon as it went above 23p the selling started and ended lower....Why is share price not zooming up today on that good news....Hmm

[nellyb] 17/7/2024 10:23

bocker, :) yep, - i won't tell you my poor maths grade, but i'm going to be hanging on for the ride.

[activmojo] 17/7/2024 09:00

TB Interview

[naphar] 17/7/2024 08:56

There’s a new Proactive video out….

[bocker01] 17/7/2024 08:10

The broker sees 276 tonnes first half moving to 355-380 second half and a run rate of 1000 tonnes pa by the end of 2026. Failure to see that as major growth suggests a poor showing in GCSE Math. I think Beez you simply saying that it will not grow fast enough for your taste. Prices appear to be stabilised / indicators of modest growth. The BOD rightly are concerned with maintaining a conservative balance sheet. When the cash rolls in, they will most likely consider accelerating cap ex from a position of fiscal strength. Quite likely too, as the 1000 tonnes nears they will consider informing us of the target beyond that.

[pinkpudycat] 16/7/2024 23:40

Beeezzz, you are spot on, the management have done little to grow the business, where would the share price be if the Iodine price wasn’t so strong, Hopefully Newlands etc get to a position whereby they can force change.
The market is never wrong and the share price reflects that knowledge!

[beeezzz] 16/7/2024 21:13

Its got to point where I cannot see any major growth prospects, sure the company will grow at rate that does not impress the market, if it did the share price would be far higher, so yes I will be exiting...

[nellyb] 16/7/2024 18:52

beeezzz, are you going to be one of them?

[p1nkfish] 16/7/2024 18:06

See what end of the month brings.

[beeezzz] 16/7/2024 17:46

You can bet those looking for an exit price will be selling into any rise, its just simply not been managed by a professional business team, just bunch of ex uni boffins where there is always tomorrow attitude....

[activmojo] 16/7/2024 09:13

Very positive outlook. Normally they point out any down side now you have read between the lines to find one 👹 This has to be a strong buy at this point in time. I like the potentials of additional brine to these plants, that adds to the bottom line very nicely and should be an RNS on its own.

[naphar] 16/7/2024 08:15

Owen’s fully agree, although I would defend IO9 a little and suggest a) it isn’t now doing much more than 100 a year run rate, it was below that in Q1 I think, so 35 total increase isn’t too bad, and 2) some of the others may of course have dropped a bit

[owenga] 16/7/2024 08:04

So with one extra plant operational compared to last year we produced an extra 35 tonnes of iodine. Well off. The 100-150 mark for full year even though second half should be better.Otherwise all looks pretty good, pleased with the second half production estimate.Great to see iodine prices have stablilised mid 60s and might even go higher second half with tight supply.Current market cap is ridiculously under valued for a growing company making profits and with positive cashflow.

[chillpill] 16/7/2024 07:43

Canaccord expect production rate to hit 1000t pa before end of 2026.

[p1nkfish] 16/7/2024 07:40

"By executing our growth plans combined with the encouraging news in the expected strength in iodine prices, we are excited by the outlook for the rest of the year."

says it all.

[chillpill] 16/7/2024 07:40

Looks like they are trying to get more supply to IO#2. In the early days it was producing over 200t pa.

All looks good and positive pricing should run not next year. We have the Cosayach plant expecting to close this year and the SQM water pipeline not coming online until at least Q2 2026.

[this_is_me] 16/7/2024 07:21

It looks like the road map to doubling production from 2021 levels is on track. A cash positive growth company should have a much higher rating - seriously undervalued.

[lostsole] 16/7/2024 07:01

RNS outIofina PLC - H1 Update #IOF @iofinaplc https://www.voxmarkets.co.uk/rns/announcement/c82dd367-a50f-40f3-ba18-3f4ca2506ace #voxmarkets undefined