Iofina Share Discussion Threads

[rogerbridge] 20/9/2014 21:30

Better news Bobsworth, I was wondering about that myself.

[bobsworth] 20/9/2014 21:21

As plant 2 is a significant player in Iofina’s repertoire I emailed Iofina yesterday about the lower water volumes following the SWD unit upgrade.

Lance promptly replied today:
“As per RNS things are going in the right direction in the last week. Until done there is no assurance but going from 40 per cent to 70 per cent is huge move. Just need the last 30 per cent or a good portion of it”.

Can see now why Dr. Tom Becker stated in the RNS: "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”.

[bogg1e] 20/9/2014 16:50

With limited staff due to cost cuts, the actual figures for production are calculated by the accounts team, which is i think only 2 people. It could be that the data required to calculate the production figures cannot be made available to accounts at the beginning of every month. Also, this month we have the interrims, which means consolidating a lot of accounts between the two divisions. As Ive said, this month we have to cut them some slack cos there is a lot on in addition to daily duties.

[roundup] 20/9/2014 15:58

If we are to have monthly updates, then they should come at the beginning of each month. If a problem has occurred then, within reason, the company should try and let us know as much information as is discreetly possible, especially if a solution has been found. Otherwise speculation goes wild.The problem of late is that when results are disappointing the RNS is delayed causing sentiment and confidence to be shattered.

[1madmarky] 20/9/2014 12:40

The production numbers stop the share price from getting away from reality. The share price reflects where the company is now. This is a good thing. If we had not had the updates then the share price would probably be a good deal higher only then to crash at a later date when the true situation is revealed. I mean without the monthly updates we would not have known about the issues that they have had and would have assumed everything was wonderful as we have had all 6 plants running. For a while now, so the assumption would have been 50T per month and $1M gross profit. That's not the case, we are probably not making much at all, profitable but not by much. Hopefully however the BOD can finally catch a break and present us with the sort of numbers that we all want to see. Then we will be making $1M a month, and everything will seem a storm in a tea cup, well that's my hope anyway. Keep with the updates, it keeps the BOD and the share price honest and I like that.

GLA

[bogg1e] 20/9/2014 12:28

We were promised updates until production is stabilised. We know disruptions will continue til march 2015. We know that new plants and technology take time to bed in. Im expecting and hoping for monthly updates til about march 2015. Its better to know your investment, including the bad. Ignorance may make for a better share price at times but it is not bliss. We have the interrims etc to come shortly which will hopefully provide answers to other questions; minis or further plants, off-take agreements and water. Give Iofina a few years. The fact remains that Iofina is still growing, in production, revenue and profits, just very slowly, but at least IOF is growing, which is more than could be said for most companies.

[joestalin] 20/9/2014 10:25

well I disagree, - if an RNS is not what people want to read and the share price dips below 50p as a consequence, then this is to be welcomed. It is a golden opportunity to top up.
Do you think that the MMs do not realise that?

[cyberbub] 20/9/2014 08:28

I agree - 'yes' to updates, 'no' to predictions!

[tim3416] 20/9/2014 08:14

Personally I am happy with fairly regular updates as long as they stop making predictions!! We all know what happens if we go any period of time without an update. The share price drops and all the panic and backbiting starts on the BB. Making a prediction they don't achieve is asking for a kicking which has just been proved.

[superg1] 20/9/2014 08:02

I suspect if the majority of AIM companies had such regular updates in such detail many of them would be at far lower prices.

One I'm following clearly has a problem with a big deal they announced some time ago (I found the problem), the company refuses to comment about it.

I found they seem to have a supply issue in one or two sectors.

They also have a court case ongoing which I think is material to one part of the business.

The company refuse to .... blah, blah, blah.

Another I'm looking at is in a potentially very hot sector, that hasn't been mentioned anywhere in their news, I found something, it's dependent on research working elsewhere.

I don't want them to announce a damn thing about it.

[luckymouse] 19/9/2014 23:02

This board is genuinely bonkers

[ammons] 19/9/2014 21:39

Everyone was baying for regular production updates so that's what we got. Now a few are saying that regular updates are damaging the company. Can't have it both ways. I don't mind the regular updates. No predictions though. The 40T prediction from the last update was a very bad error as is 25/30T for this month.

I still do not understand how the company could have described IO5 as running very well when it plainly wasn't unless it ran well for about 5 minutes and they based the RNS on that very scant info.

[monty panesar] 19/9/2014 21:28

Mister Big from the word go said that monthly production updates wasn't necessarily the way to go.
Regular updates are probably best with max of 2 months between them.

I want to know where they are with mini's as they should boost production by 10-15t per month with low capital cost.

[bobsworth] 19/9/2014 20:48

As a firm believer in Iofina Iam concerned these monthly production reports are doing more harm than good!

Why because they are forcing Iofina to prematurely report on upgrades and fixes that clearly need more time to prove they have worked.

The consequence of this premature reporting is that they are unintentionally raising expectations that they cannot always meet.

This is so damaging to Iofina’s credibility and is putting far too much pressure on the company to constantly explain itself when it’s rolling out this new iodine technology & process.

For example, last month we are positively told

1. That the SWD upgrade will and I quote “anticipates a lift in production”.
2. “IO#5 was connected to the power grid on July 30(th) and is back in production. The plant is running very well, taking all available brine at the site.”
3. “Production started at IO#6 this week and the plant is rapidly ramping up to consistent production.”
4. Total August production is expected to be 40mt.

And now 1 month later we are told

1. Of unexpected lower water volumes to plant 2 after the SWD site upgrade
2. “unanticipated design changes at IO#5 and IO#6” resulting in “delays in the start of production at IO#5 and IO#6”
3. Expect a lower circa 25-30MT for September.

These conflicting monthly reports just demonstrates that reporting monthly is doing more harm than good.

A switch to bi monthly production reports might be better and will help solve this problem while still keeping us well informed.

AIMHO

[rogerbridge] 19/9/2014 19:44

Did I miss the results of the reduction in input chemicals experiment that IOF were undertaking, or is still ongoing?

[micknickbanny] 19/9/2014 18:35

alpha
no apologies necessary, we're all striving to gain information, preferably not in hindsight

[alphacharlie] 19/9/2014 17:21

Thank you micknick but it wasn't what you specifically posted that was the point. I wasn't implying anything about the content of your post and apologise if it came over that way.

I commented:

The real point is why, oh why can IOF management not include such information in their updates? The fact that they don’t, leads one to question their professionalism and also leaves the truth as a series of possibilities open to dart throwing. Not everybody is an Eric Bristow, indeed, some here won’t even target the dartboard.

The fact that they gave you this information as a response to your question a day or so after the RNS actually compounds the problem and adds weight to my point since that explanation is presumably now in the public domain, just some 24 hours later . . .

[micknickbanny] 19/9/2014 17:05

Alpha
I simply asked Iofina a question and based upon the reply I wrote the post, construe from my post what you wish and apportion what credence you wish.

[alphacharlie] 19/9/2014 16:38

Post duplicated

[bogg1e] 19/9/2014 16:38

unless you hold on to your shares no matter what and get an awesome price for them. 3 good deals in a row, starting with say £10k, can easily earn you in excess of a million, but it takes the right companies and a lot of time.

[alphacharlie] 19/9/2014 16:38

Oh SG, where have you been looking???

micknick - and therein with your post 24707 lies another problem. That is the seeming ability of (some) posters to come up with answers to questions often backing up the explanations with plausible (if not questionable) ‘insights̵7; into the goings on at the chalk face. I have no issue with your ‘explanation’ as such but rather the notion that you have it from some source that is closer to IOF than most of we are. It is, at least, less cryptic then SG’s tea leaves and coffee saga. But even this is not the real point.

The real point is why, oh why can IOF management not include such information in their updates? The fact that they don’t, leads one to question their professionalism and also leaves the truth as a series of possibilities open to dart throwing. Not everybody is an Eric Bristow, indeed, some here won’t even target the dartboard.

[freshvoice] 19/9/2014 16:31

Festario
You have summed it up in a nutshell,that's why
The rich get richer and the poor get poorer,

[festario] 19/9/2014 16:27

Its been a false market and misleading spread all day.I have said before that it would be a good idea to sell every share in IOF at 10am each day, and buy them back at 4.25pm. Such is the predictable nature of IOF.So today I tried it in a small way.Tried to sell 60k at 50p, not accepted. (Indicative price 49.5p), tried again at that price, not accepted.Tried 30k, 20k, 10k.... not a chance.As expected, with monotonous predictability, it has drifted back down.But there never was a chance to benefit from it.I can only assume, like on QFI, we are getting repeated false rises to sucker buyers in, then they revert to market when they have flogged what they needed to.Stinks really.

[superg1] 19/9/2014 16:21

Your beard.