Iofina Share Discussion Threads

[woodpeckers] 23/2/2015 11:20

Is it possible that the company have delayed making a announcement regarding their intended strategy going forward whilst they wait and watch happens to local frackers as a result of the falling oil price? This is from December 2013 update:

"While the Group continues to secure additional sites for Iofina conventional production plants, the opportunity to take on closed down oil and gas production sites which have high iodine levels in the produced brine is being examined. With the success of Iofina’s technology, this approach could well prove to be commercially attractive from iodine production alone with no capital cost for wells."

[engelo] 23/2/2015 11:12

Surprised no RNS, eg March 6th date and 90 days not generally known. Like pulling teeth ;-(

Presumably bookies odds are on the strategic review next, but perhaps could be a JV for iodine?? If they're going to build any plants the season is about to start and surely don't want to waste any time. Can't logically build anything without the strategic review being published.

If the news drought continues the next certainty is beginning of April for Q1 production figs. Finals were 25th April last year but could be brought forward imo.

[arlington chetwynd talbot] 23/2/2015 11:09

Oh dear, just as predicted, running out of steam...

[superg1] 23/2/2015 10:50

Sorry Rid I understand.

Just as well we were reporting on here then.

If you recall last year G and G made some forecasts but they forgot to consult the frack schedule around plants. Lance came in spotted their error and had to rns.

I imagine IOF made good progress re what was going on where, then the oil price crash came which meant oil companies abandoned their plans, and had to rethink.

Now IOF wouldn't want to be sticking a plant where they then find the rethink tramples all over them.

Then came the admission by SQM that they are the reason for the price drop in iodine. Not through cheap production but a market tactic.

Tom and Lance are playing a shrewd game preserving cash and waiting to get the best return potential from any cash they spend. Good business sense imo.

I get you there are 100's of oilies wishing they hadn't been so aggressive with cash outflow right now.

SQM buckled down some time back and the strategy by them imo is a good one, long term it helps us too. As if a start up can make money while long established businesses are losing money, it tells a very good story.

Cash in the bank is rising (said by Tom in his interviews). In theory it should be about $9 to $10 mill now.

[bobsworth] 23/2/2015 10:32

Totally Agree ridicule.

[ridicule] 23/2/2015 10:31

Sorry I have an ADVFN problem - Double post

[ridicule] 23/2/2015 10:28

SG My reference to Carlisle was referring to the time that the Company suspended monthly reporting. His input was not known then.

I note your conjecture, but it is not fact, because the Company have remained opaque on their strategic review. They need to clarify their position if the share price is to be successfully managed by keeping market sentiment on board.

[superg1] 23/2/2015 10:18

Rid

You need to add in my opinion to your post.

re

'The delays over water, caused by Carlisle, were not known and it appears, though never spelt out, that the funding required to implement the strategic review is dependant on the water permit'

For what it's worth other opinions have you way off the mark.

We knew there was an objection and they released all the news ???

The outcome of that has nothing to do with the review. Iodine prices, selecting the right site/s and oil chaos might, but not water.

Build up your cash to your desired safety level, avoid dilution, wait and see re iodine prices Q1 in case SQM decide to take the price down further.

There are things that folk have missed as I mentioned before, and I bet that is being considered too, No I'm not going to say what IT is.

[ridicule] 23/2/2015 10:11

Double post

[ridicule] 23/2/2015 10:11

I agree Hurricane and I can also understand why IOF stopped monthly updates, but the current share price needs some degree of company management.

The delays over water, caused by Carlisle, were not known and it appears, though never spelt out, that the funding required to implement the strategic review is dependant on the water permit. The moribund state of these interrelated issues are keeping the share price weak and adversely affecting investor sentiment to the detriment of Mkt Cap which is a key metric to get larger investors on board.

The company needs to make a statement on their current strategy.

[uppompeii] 23/2/2015 10:01

True Hurricane, I need to see some positives from the company though, happy to miss 10-20% upside, bitter experience has taught me that. But currently I just see this trading in its circa 30-40p range spiking up on expected news or drifting down with lack off.
Sorry if that condenses all the 100's of posts into on sentence!

[hurricane.] 23/2/2015 09:54

Think it was before IOF went from 50p to over 120p.
And the business looks to be in much better shape this time around. Add on to that the water hearing to close on the 6th March
Of course it all has to actually happen but, as they say 'you've got to be in it, to win it'
imho dyor

[uppompeii] 23/2/2015 09:47

Hurricane - you cut and pasted that from MMD 15 years ago didn't you?

[festario] 23/2/2015 09:45

Understood SG. I've got a few BLNX, and traded it once before. Because it makes strong revenues, and always bounces. But QPP? Can't make head nor tail of it.

[hurricane.] 23/2/2015 09:37

Good, keep it below 38p this week please. Hopefully get a top up in later next week

[superg1] 23/2/2015 09:24

Not arguing what it is or isn't Fest, just nice to see a few loud mouths get caught.

I just steer clear of such circs like that, Blinx and Afren when it all happen as you can be sure, folks will use all means to put false info out there.

[awolagain] 23/2/2015 09:12

Did that 78k come back on the offer very quickly....no L2

[superg1] 23/2/2015 08:34

hmmm, time to update the web page. For just £200 per month the sheriff will ride again.

[captain_kurt] 23/2/2015 07:50

Is heartwell actually TW ? lol

[engelo] 23/2/2015 07:45

Upwards imo ;-) Remembering TW's target is 0 p ;-)

[superg1] 23/2/2015 07:18

QPP

MC £319 mill.

Press speculation that forced the rns has offers at £700 mill going by posters.

No idea how the market will react.

[superg1] 23/2/2015 07:08

Quindell

this morning

'Discussions are progressing with SGH and the indicative terms being discussed would imply a significant premium to the Company's market capitalisation at the close of trading on 20 February 2015.'

Oh dear, poor bears.

[superg1] 23/2/2015 07:05

Yes Engelo those invoices are the fraudulent ones. I thought Atacama (Sirocco) were involved but it's recorded as Atacama chemical, which will just have been another attempt by Cosayach to fog things up.

I note they route through the Bahamas on some, and then found SCM Bullmine have some via that route.

Bullmine may well be legitimate, but I think I read somewhere about the Chile gov are looking to cut down the offshore stuff.

[engelo] 23/2/2015 01:49

SG: you may have been over this ground but American Iodine takes you to Pantheon and a series of other cos linked to Cosayach.

American Iodine state they are marketing/distributors for Cosayach in the US but Pantheon India claim to manufacture derivatives in India and the US.

Their product list is not very impressive.

Pantheon INdia (aka Pyramid) claim to be the 2nd largest iodine distributor in the world and to supply 60% of the Indian and Chinese markets.



Liked this line: 'We look forward to the pleasure of doing a beautiful business with you and hope to hear from you soon.'