Iofina Share Discussion Threads

[arlington chetwynd talbot] 03/10/2014 03:00

Well roundup, I'm forwarding an unpopular argument that he was a key decision maker whilst all of you see the opposite.

I'm more than happy to see how you see everyone after the finals.

[roundup] 02/10/2014 22:29

ACT what on earth are you on about, you are not making sense. Tom was in charge of the chemical plant, it wasn't his job to oversee the production plants, so how can you attribute blame to him.I too was very pleased with the confident way he performed in the interview.

[woodpeckers] 02/10/2014 21:54

kurt, thanks for the link.

Tom seems to really have his wits about him. Good move to do the interview. I think it inspires confidence in the new management which what has really been lacking here.

We now know that we not only have proven patented technology but a management that can IMO effectively handle the expansion needed to achieve the ambitious plans it has set for itself.

Certainly looking forward to watching the progression.

[captain_kurt] 02/10/2014 21:51

Lol...if you say so ACT

[arlington chetwynd talbot] 02/10/2014 21:48

No no no ck, you cannot say he was out-of-the-loop regarding strategy because IC was and is a key strategic part of the integrated business plan.

Yes he didn't have the group decision, but he was a key of the decision-making process.

There is such a thing as collective responsibility that morally goes beyond group accountability.

[che7win] 02/10/2014 21:42

Yes Roger,
He's certainly done a good job on the derivatives side, a good track record.

[arlington chetwynd talbot] 02/10/2014 21:38

Anyway, at the time of all the problems I don't remember posters criticising anything? In fact I seem to recall any criticism was met with stoning and crucifixion.

So forgive me for being a little cynical of all this gushing praise for your new Caesar... but if what you now say of that period is true (honest feedback), then he's sadly a part of that problem-period.

Be careful not to re-write history.

[arlington chetwynd talbot] 02/10/2014 21:31

Look, this guy's been on the team throughout all the problems. If he was so good why didn't he say something? I mean if what was happening was (really) so bad surely he'd have walked?

Or maybe he agreed with it all? Hmmm...

What I'm thinking is, is he really the leader needed?

[rogerbridge] 02/10/2014 21:25

Thanks for the link CK. Very impressed with Tom. He seems to be very assured and has a good handle on the iodine business.

He also can see the stupid way the last lot built plants at any costs, those plants cost lots more than IO2,and were less efficient and located in the wrong areas.

I can not see Tom signing anything off without going over costs and ensuring high ppm's.

I like the words increasing shareholder value, cutting costs, strategic review, building additional plants or locating pods on sites that will give low costs, sub $20.
The chemicals side seems to be firing on all cylinders and we have not needed to sell iodine into the market at current low price levels.

Competitors production costs rising.

Plans in place to sell excess iodine after the target production level is capable of being maintained.

It sounds by picking the low hanging fruit we will be hitting good production levels and I suspect that is in excess of the levels indicated to the market.

In addition as Leggit has pointed out, water news should be soon.

A very positive evening.

[bazzerp] 02/10/2014 21:02

Good find Captain Kurt - thank you.

[arlington chetwynd talbot] 02/10/2014 20:05

Hmmm, I wouldn't be building-up the water expectations too much mate. You know what the market's like? You may assume water is not factored into the share price at all... but beware, disappointment is always a good excuse for a hefty fall. Best play these things down and be pleasantly surprised or not too disappointed.

[dcgray21] 02/10/2014 19:57

IF water announcement relatively imminent then makes sense to wrap that as part of strategic review announcement albeit positioned as non core? Could be an interesting next couple of weeks .

[superg1] 02/10/2014 18:26

A quick RB energy update.

They stated recently they expected any financing to conclude on or about 30th September. Price moves have indicated news in recent times

It had been steady on lows, but today has dropped another 19/20% so far hitting new lows, which doesn't give out the best vibes for investors.

[hew] 02/10/2014 18:21

Confident, polished CEO with a clear sense of direction and priorities.

[che7win] 02/10/2014 18:18

Superg,
Yes, he is aid that io2 had costs below $20 per kg, and other future sites are similar or better.

Those gross margins are extraordinary on io2, look forward to the other plants improving.

DOW now positive.

[superg1] 02/10/2014 18:10

Re Tom

He came across well in the interview and now we know what the strategic review is.

They have a number of higher ppm, higher bpd sites.

They will carefully choose sites that bring the highest production for the lowest cost.

For those that barked on about who will they sell any excess iodine to, they have supply agreements on the desk but don't have the excess production.

Their preference is to put as much production as possible through the chemical division to add to the margin.

Chile costs going up, IOF plans to drive costs down. That brings me back to the, it's not the number of plants, but the ppm x the bpd that counts.

So they will be expanding, on the best sites available, which will take per kg costs down further. Going on the likely end game on costs mentioned it seems the cost per kg will go below $20.

[che7win] 02/10/2014 18:03

ACT,
Yes, watching like a hawk, DOW up 85 points since the low of the day.
Edit : up 100 points, rising fast.

Must say, Tom comes across as a confident but level headed CEO, well impressed.

[superg1] 02/10/2014 17:53

Thanks Leggit. I did wonder as you were spot on with the date and I assumed the 90 days comment came from the same source.

Such hearings are overseen by an independent examiner, who has to stick to the legal side of decisions, with no sentiment involved.

[stevo2011] 02/10/2014 17:45

First sensible thing you have ever said Christopher

[arlington chetwynd talbot] 02/10/2014 17:42

Please also be aware of worldwide financial events unfolding when wondering why your shares are falling.

[freshvoicem] 02/10/2014 17:38

Ck
Really impressed with our new CEO, he seems to be singing from the same hymn sheet as the chairman which is great. Also seems to understand the mistakes the others made and knows how to correct them.

[che7win] 02/10/2014 17:23

Captain,
Very impressed with Dr Tom, he comes across as perfect for the job.

He also mentions some changes they can make to continue efficiencies and growth strategy will be announced soon.

He also stated they are comfortable with forecasts and increasing production.

Excellent interview.