Iofina Share Discussion Threads

[monkeymagic3] 18/9/2014 07:41

Strange.... I thought the entire share price drop was down to idiots who borrowed money to bet on news? Very strange indeed. If we have learnt anything is that the market seems to get it right time and time again on the good ship "Leaky Lance".

[leeming] 18/9/2014 07:40

1MadMarky..well said...it's all about control of the brine flow.

[stupidboypike] 18/9/2014 07:39

Thanks for the answer everyone, so mark down for the year is not so drastic. Dissapointing of course, but for me this is about what happens over the next 2 years or so.

Best regards SBP

[1madmarky] 18/9/2014 07:33

So they were waiting until they had all 6 up and running. Sensible but once again it does expose our fundamental weakness, that we are absolutely dependent on the oilies and the SWD plants. At least we produced enough for ourselves, as long as we keep doing that we are Ok.
September 25 to 30 T but that is 2 weeks of all 6 plants running. Again it suggests the potential in the plants, would just be nice if they could get closer to the potential.

Ho hum next month
GLA

[woodpeckers] 18/9/2014 07:32

ammons, they are saying that all 6 plants haven't been operating through the month which is why production is down. They have been tweeking 5 and 6.

Though results are disappointing, I would still rather they 'tweek' away at this stage with the focus on optimising future production. As Tom says "we are encouraged that iodine production moving forward will show a favourable trend as these new short term items are rectified. We are focused on increasing the output of our current IOsorb(R) plants which will reduce our cost per kilo."

A 2-fold year over year production increase hardly suggests a company going nowhere to me and sales from the deivatives side are obviously going well.

[beercapafn] 18/9/2014 07:29

owenga. Agree on update timings. that's it for a few months.

[festario] 18/9/2014 07:27

Rich Rich, whether you are right or not, the market will think so, and I think the share price will get slaughtered today.Anyone selling early today won't get much I'm afraid.Diggulden, take a bow, your timing was 1st class.

[spike_1] 18/9/2014 07:26

Previous guidance was 400 pa

[superg1] 18/9/2014 07:24

400mt

They had inventory at the start of the year and they never add in any recycling they do at the chem div.

I've no idea if they have recycled any this year.

Disappointing with all the disruption, but somehow with iodine prices so low, 9 months in, and they look like they will exceed last year's revenue already.

[owenga] 18/9/2014 07:24

Sounds like io2 has only just come back on line properly, and that is key for overall production. I think they were hinting September exit rate should be better. Shame they didn't give us a plant by plant update.I doubt we will get an update for September. I think next update will be early November covering September and October.

[leeming] 18/9/2014 07:23

400mt previous guidance...therefore 34.25 per month to hit 325/ 40.5 to hit 350/53mt per month to hit 400

[richi_rich13] 18/9/2014 07:21

That's it for me I am afraid. Missing a target so spectacularly when you were half was through the month when it was set is unforgivable. Especially, when what has gone before.
The last 3 rns (I suggest you go back and re read them in the light of this one) are all filled with excuses. I suspect that we have been lied to and the 'upgrades' on various plants are maintenance as they don't work.
Producing less than 1 MT a month for 3 months is terrible. And only a marginal improvement on last year with 4 extra plants. Good luck holders, but I fear there is a fundamental flaw in the business plan and/ or technology

[stupidboypike] 18/9/2014 07:19

Does anyone know the previous guidence figure for 2014 production please?

Best regards SBP

[ammons] 18/9/2014 07:16

Oh well, yet more delays as usual. I find it worrying that all 6 plants are producing and the expected Sept number is just 25/30T. All 6 won't have been producing for the whole of the month but it doesn't sound good to me.

[cyberbub] 18/9/2014 07:13

Not sure it is Greenroom, we are only 15% below the recent peak, and actually ticked up yesterday....The update is disappointing but we are still profitable at these levels IMO, and a 60M cap doesn't seem excessive to me given the IP and assets we hold and the potential future growth...Looks like Sept update will be their real chance to prove that they can maintain some consistency...nai

[orslega] 18/9/2014 07:10

the IOF roller-a-coaster continues....

[greenroom78] 18/9/2014 07:08

Stinks really that this is such a leaky ship.

[orslega] 18/9/2014 07:07

F

RNS Number : 9740R

Iofina PLC

18 September 2014

September 18, 2014

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)

August Production Update

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, today updates the market on its production during the month of August and its year end production forecast at its IOsorb(R) plants.

During the month of August, the Company reports that it produced 23.6MT of crystallized iodine compared with 24.5MT in July. A combination of factors including continued fracking, unanticipated design changes at IO#5 and IO#6, and a Salt Water Disposal (SWD) site upgrade by an operator that took longer to complete than forecast resulting in plant downtime, contributed to a decrease in production. These factors had a short-term negative effect on production, with production beginning to normalize in this last week.

All six of the Company's IOsorb(R) plants are now in operation and producing crystallized iodine, and are expected to produce circa 25-30MT in September with increased exit rates moving forward.

The Company has also reviewed its production forecasts for 2014. In light of current fracking schedules, delays in the start of production at IO#5 and IO#6, and lower water volumes after the SWD site upgrade, Iofina anticipates that its overall 2014 crystallized iodine production will be circa 325-350MT of crystallized iodine. This represents close to a 2-fold year over year production increase but is below current market forecasts and managements targets.

While the iodine markets continue to remain challenging, Iofina has seen strong demand for its iodide derivatives, due to complete vertical integration and a strong product offering, resulting in the Company's revenues through to September anticipated to surpass the total sales for all of 2013.

Commenting on today's update, President and CEO Dr. Tom Becker stated: "Whilst iodine production year to date has been below our expectations, we are encouraged that iodine production moving forward will show a favourable trend as these new short term items are rectified. We are focused on increasing the output of our current IOsorb(R) plants which will reduce our cost per kilo."

For further information, please contact:

Dr. Tom Becker, President and CEO

[beercapafn] 18/9/2014 07:06

Some one is getting inside guidance..!!

[mister big] 17/9/2014 21:39

I'm curious about the comment that mm helping big boys at expense of pi . Clearly the collapse the price to start buying for institution it's thoroughly corrupt . But if a pi prefers to be intelligent he can benefit too by buying cheaper stock or he can run around like a headless chicken !
The market and the mm exist to rob the weak .

[rogerbridge] 17/9/2014 21:17

A few others did over the last couple of days Fest