Iofina Share Discussion Threads

[aja5] 03/2/2015 18:11

SG ..are they waiting for the water permit issue before issuing the report/review
How long is that likely to take?

[superg1] 03/2/2015 17:52

Alpha

I just mean the market in general. A few I watch have put out some very bullish news and they just keep dropping. One sleeper has made acquisitions, and linked up with some interesting companies and now it's half the share price

The market isn't interested. Some funds have been exiting small caps. The odd fund manager has gone almost entirely to cash, but they are looking for a turn, anywhere.

On the bright side 4/5 years on the market has offered up some shares which have made significant progress but at all time lows for some.

[alphacharlie] 03/2/2015 16:44

superg1
3 Feb'15 - 14:23 - 29350 of 29356 2 1

Alpha

I don't think more info would have made the slightest bit of difference.

---------------------------------

Ooooh - can't agree with that SG. Knowledge is power, always has been, always will be. Without all your research I'd be a lot less informed but I'd have to admit that some of the bears make salient points too often with good evidence or it's just good opinion. 'Yer pays yer money and yer makes yer choice'.

[engelo] 03/2/2015 16:40

SG/Dcg don't forget we hit 40 Mt in May. This was with problems at I03 and I04 and no contribution at all from I05 and I06.

[heartwell] 03/2/2015 16:30

Is that the best the bulls can come up with? Why not talk about future growth and the stunning run rate of the 6 plants ?

I thought not

LOL

[heartwell] 03/2/2015 16:20

The only ball rolling is the shareprice down the hill.

Iofina board are like a deer in headlights.

Paralyzed by repeated failure to deliver.

[superg1] 03/2/2015 15:06

dc

50m mt per month average and I suspect the ball in that area starts rolling.

[dcgray21] 03/2/2015 14:51

SG - last sentence hopefully provides the basis for Japanese call off orders to be in play this year as part of strategic review....

[superg1] 03/2/2015 14:47

I thought they had updated us regularly telling us what the production was.

18th Sept interims,

then 3 weeks water and production.

7 weeks later, water update, production update, last years revenues exceeded in Q3, patent accepted.

5 weeks later water update, production update, patent awarded.

3 weeks later (3 weeks ago)Production update giving a number and on track just like they said in the previous updates. Revenue up over 35% on the previous year despite sever iodine price drops. Water update.

So an update on average every 4.5 weeks since they weren't going to update us but did anyway.

Yet it seems we have had no updates ????

We knew what they did up to the end of Q3, we know what they said in updates, so how did they not give us production updates.

325 - 216 = 36.33mt per month needed to hit 325. The actual was a 37.23 average per month. December they got hit with lower water volumes, so no doubt Sept and Oct were over 40mt per month.

[superg1] 03/2/2015 14:23

Alpha

I don't think more info would have made the slightest bit of difference.

The reason I say that is due to the long list of shares I watch and follow.

A handful of those are significantly different companies to what they were 3 years ago, yet their SPs are way below where they were back then.

The market is full of investors, funds included, sat on cash.

I can work out how with about a $2 to $5 mill spend how IOF could change their margins by $6 mill to $10 mill per year. That alone is worth more than this share price

[joeblogg2] 03/2/2015 14:22

What date is the hearing, 16th Feb?

[roboben] 03/2/2015 14:08

Let's all remember that Tom Becker ran IOC very efficiently and effectively with virtually no profile for himself and no tendency whatsoever towards seeking publicity for himself or for IOC's achievements.

I suspect that that is just his way of doing things.

It's frustrating, I know, but alongside that we do have the reassurance of having a CEO who has a proven record of developing a successful and profitable business. That's actually what we need now. I do not want to spend my time wondering whether the next plant will be placed in a sub-optimal location or whether it will be installed with key bits missing. With TB in charge alongside LB I can, at least, relax on that front.

Things take time. Too much time for my liking. Nevertheless, it does make a lot of sense to sort out the position on water before declaring future plans across the company, especially if the outcome on water is likely to have a material impact on the finances of the group at large. I take the current hold-up as clear evidence that a JV agreement on water with provision for an up-front payment is just waiting for signatures once approval is secured.

I grit my teeth and repeat ad nauseam 'I will be patient'.

[superg1] 03/2/2015 14:07

Sentiment and the share price isn't their concern, or under their control. Getting the business right is.

Unfortunately most of 2014 was spent fixing 'issues' that the muppet show managed to create.

I can see how they can easily slash opex per kg dramatically if they have the sites available.

That opex was where they wanted be at the start, not chasing it after the first 6 plants are in.

Personally to me it makes perfect sense to get the opex down this year which also includes growth and increased production.

If we knew what each plant was doing and is capable of, plus what sites available, then we could probably work it out ourselves.

One way to reduce costs on plant builds is taking out dead wood, putting out tenders for supply and fit etc etc.

It's no good saying "Right we are going to do this" as an idea, when you haven't checked if someone can deliver that for you, on time and on budget, when you want them to do it.

George and co were telling us about chickens before they checked if any eggs were available.

The recipe for success in an industry falling apart is waiting to acted on.

They want to present it master chef style, not coat it in batter and throw it in the fryer.

Any idiot can do that.

EDIT

Actually I'm not so sure about my last line.

[alphacharlie] 03/2/2015 13:41

One has to go back before Christmas to when the Board took the decision to desist with their then recently instated monthly production updates. Some thought this was a good move and would stop traders ‘betting on probable outcomes’ which I agree was leading to a degree of share price volatility - something I could handle, by the way.

Well IMO that decision was a poor one and I said so at that time. What we have had in it’s place has been a period of little disclosure about anything apart from a Board change and a trading update which has hardly set the place on fire and please don’t tell me they doubled production last year. As a result the price has gradually meandered like the wide Missouri river except that it (the price) doesn’t appear to be going anywhere. In fact, just the opposite. Am I to believe that a reduction in ‘unwanted̵7; share price volatility which has been replaced by a general price tail off is more desirable?

We’re all aware that the water permit is being held back by an objection and there seems to be a general consensus that Mr Carlisle has little chance of succeeding. But it wouldn’t be the first time that an IOF dead cert had become a dead duck or perhaps I should say a lame donkey.

And we do appear to have a few lame donkies!

Anyhow, I am, for my sins, here for the long (even longer) haul but I’d like to support roundup and captain kurt who voice similar opinions. When it comes to investor relations our Board seems somewhat clueless. Let’s hope they really do have a firm grip and know what they’re doing elsewhere and that the new 'it'll be all right on the night' time line of the end of this month proves to be a good-un.

[engelo] 03/2/2015 13:33

dcgray exactly; makes no sense to set out plans for 2015 and beyond until water position clarifies, and the (imo temporary) uncertainty in the POI doesn't help.

Could someone please remind me of source(s) for the iodine price?

[jbe81] 03/2/2015 13:28

Happy to pick up more today, hopefully will prove to be an absolute bargain at todays price

[neddo] 03/2/2015 12:41

tung, down 7p act

[freshvoicem] 03/2/2015 12:32

Poor old Heart, he really is posting a lot today. he must have lost a real packet but it is so kind of him spending his valuable time trying to help those of us who have lost 90% of our gains to save the last dregs. Thanks Heart we really appreciate your unselfish interest in the affairs of others.

[dcgray21] 03/2/2015 12:13

Roundup All should become clear by end of the month at the latest. Management can't show its hand until resolution of water rights. A lot of us hurting right now but I believe we will reap the rewards of patience over coming months.

[captain_kurt] 03/2/2015 12:13

Agreed roundup. Tom came out with the "exceptional year" comments and we are into
Feb and no strategic growth plans to be seen. Leaving idiots like heartwell to fill the void.
Iofina clearly have the cash from earlier comments

[odvod] 03/2/2015 12:10

Heart - is Mr. Banks posting here? Why are U using Banksy

[roundup] 03/2/2015 12:05

I'm beginning to wonder if our captains have gone asleep at the wheel. Surely they can say something to try to rebuild some sort of sentiment. This is ridiculous, to let the share price slide to this extent. Shame on our management

[heartwell] 03/2/2015 11:59

What happened to Lance's 4.5M shares ?
Did he really step down as CEO for health reasons ?
Who chose George and Geoff to run the company ?
Why have the company built no new plants for nearly 12 months ?
Why did Stena start selling shares?

More questions to follow

[heartwell] 03/2/2015 11:53

I now have afew names for a class action. I will be forwarding those to TW.
Not to late to put your name on the list Banksy