Iofina Share Discussion Threads

[arlington chetwynd talbot] 27/9/2014 21:49

Why does the truth become libellous mate?

This has been a scam from start to finish.

Sue me, I am right.

[woolybanana] 27/9/2014 21:38

What about RDT, Rosslyn Data Technologies? Seem to have the right background and clients. Any thoughts anybody?

[angel of the north] 27/9/2014 21:34

Recipe for a libel case?

[jjoshaw] 27/9/2014 19:31

Worth a look,imho,Rapid Cloud(RCI),Malaysian cloud computing co.listed on Aim recently at 54p,currently 47p.It's a small co.,£8.6m mkt. cap. well established and profitable,trading at a significant discount to sector averages on a current p/e of around 9.Despite its size, it has a number of blue chip clients and is winning public sector contracts.Asian AIM co.,though,so perhaps not suitable for the risk averse.There's a good write up on TMF at

[woolybanana] 27/9/2014 19:13

sorry, I got som old messages and didnt check the date, hence the post. Apologies all round

[woolybanana] 27/9/2014 19:12

QFI is now about 35-36

[bazzerp] 27/9/2014 17:53

I have put some Pension money into FLOW this week.
I see a few other IOF holders are there too.

DYOR etc.

[superg1] 27/9/2014 09:20

a few more than 1 ammons, if you do a bit of digging.

I'm not sure there have been major plant issues, some oil at io2 and generally frack disruption, has been the issue. That has been fixed with the SWD upgrade but we await the official version of things improving as stated.

Boosted brine supplies relates to io4 and that is done. io3 was affected by fracking.

io6 had good brine supplies they haven't quantified io5

Point number 1 is what will affect H1 costs, but the changes from April on will make a big difference to H2. The H1 G and G failures will be behind us shortly along with the relevant interims.

It's going in the right direction, the chem div has done very well, they have the cash. The frack season tends to slow up going into Autumn, so hopefully less disruption for Q4.

[ammons] 27/9/2014 08:55

Post 24834,

- Clueless management shown the door & wastage trimmed to the bone.
- All major plant issues corrected.
- All 6 plants enjoying rising production.
- Boosted brines supplies to plants 3 & 4.
- Rising, 98% oil free, brine volumes to plant 2.
- Plants 5 & 6 up & running & on good brine supplies

The first point is the only one that has definitely been achieved. None of the rest have been yet. Point 3 for example. Production has been falling, not rising. And all major plant issues have not yet been corrected. They are being corrected but we will find out if they actually have been once production rises and rises significantly.

Just being realistic, not negative.

[orslega] 27/9/2014 08:36

something had to give at RB Energy........


RB Energy proposes sale of iodine mine, $80M financing [UPDATE]

2014-09-26

Shares in lithium junior RB Energy (TSX: RBI) have fallen by about 50% since it announced a proposed $78-88 million financing in mid-September. Since then, the company, which is ramping up its Quebec lithium mine and processing plant 60 km north of Val d’Or, Que., has also announced it’s looking to sell part or all of its only other asset, the Aguas Blancas iodine mine in northern Chile.

But RB Energy president and CEO Rick Clark says the market seems to have misunderstood the company’s situation, which is expecting to achieve positive cash flow from Quebec lithium by the end of the year. “This financing has nothing to do with completing the project — the project is complete.” Clark said on the phone from New York, where he is in financing talks. “We are producing very, very high-quality lithium carbonate, we’re selling it to our offtake partner in China, and our focus right now is on increasing volume, which is a normal commissioning process.” Clark says the financing is all about improving the company’s balance sheet, which potential lenders have identified as a concern. The company has $72 million outstanding on a senior debt facility, $40 million of product-financed debt linked with Aguas Blancas, and two convertible debentures that together total $43 million. The financing will also provide enough operating capital to get RB Energy to commercial production, and provide a cash buffer of $11 million left over at the end of the year. - See more at:

[arlington chetwynd talbot] 26/9/2014 23:43

The key point is making money, and you have promised so much in your position as lead cheerleader here mate, without a dollar ever being made.

You maybe a victim of circumstance, but your tone and attitude will have been a lesson to many.

What next?

[monty panesar] 26/9/2014 22:28

Good to see you back Chutters. IOF are fine. They have sold product for years growing at a very healthy rate.Raw iodine production has had its challenges but still a lot cheaper than having to buy it in.

[arlington chetwynd talbot] 26/9/2014 22:13

Look, you have to make money. You talk as if this is an exploration company that can fart about for ever... it's not. It produces, manufactures and sells product to distributors. When you do that you have to make money to survive.

Here's the rub, you can't.

It's over, pray for a t/o above 20p.

[cyberbub] 26/9/2014 22:08

Dont forget that Lance and his family trust have 9 million reasons to get the share price heading northwards, in the medium/long term at least....

[woodpeckers] 26/9/2014 22:05

super, with H1 revenue last year at $11.5m and repeated comments about record sales this year I would be very surprised if sales weren't at least at the top end of your estimates.

[arlington chetwynd talbot] 26/9/2014 21:56

Yes, but the full horror will only be revealed in the finals... with associated funding needs.

Mr Big,

Will you fund the final capitulation episode?

Then you'll have control for the de-listing and drilling for oil episodes ;)

[superg1] 26/9/2014 21:45

H1 revenue

Based on the previous post it looks like H1 will be $12 to $12.5 mill revenue. No doubt with higher costs, EG they spent money sorting the plants out, using that generator, and it seems like more staff than they needed.

H2 so far it looks like $6.5 to $7 mill revenue, but H2 should look like a completely different company on costs.

EG they have shed a load of staff, Bod salaries have gone down by about $500k and so on.

They should have plenty in the bank now to consider the next option, which should be apparent to all shortly.

I'm with the folk that say stabilise production to keep the chem div fully loaded, then move on from there.

[superg1] 26/9/2014 21:36

Fresh

You can more or less work out what H1 revenue was due to the info released in the last few months

They should have about $7 mill revenue for May, June and July (details below).

Taking July at 2.7, an unknown August, plus a comment that potentially in Sept they will exceed last years revenue, then we can take a reasonable guess at The H1 revenue.

Revenue 2013 $18.9 mill

H1 revenue 11.5 mill.

rns comment

'Company’s revenues through to September anticipated to surpass the total sales for all of 2013.'



August 2012

'For the month of August, IC had record sales of £1.74 million.'

So we know the record was at least £1.74 mill or greater. That's near $2.9 mill at the current exchange rate.

May production 40.5mt

'The Company had near record sales for the month which demonstrates good demand for our products'

June 30.6 mt

The Company had near record sales again for the month which demonstrates good
demand for our products.

July 24.5 mt

The Company had near record sales again for the month.

I assume some noticed the other bit......

'The Company had revenues for the Period of c.$2.7 million'.

Now go back to the original record of $2.9 mill (Aug 2012).

Thus I suspect they had revenues of around $2.7 mill per month May to July giving $7.1 mill.

[woodpeckers] 26/9/2014 21:09

:-) Not expecting the full Monty just yet but I do believe the company is heading in the right direction. We are lucky to have the chemical arm which is able to really benefit from the 'early days' production side and I do believe the sales figures will please the market.

We'll soon see anyway.