Iofina Share Discussion Threads

[superg1] 29/4/2015 13:07

Thinnest in the world. Yet in 2009 others were launching thinner capacitors than Capp-xx in commercial quantities. hmmmmm.

Perhaps a trend to chase if enough go after it.

[superg1] 29/4/2015 12:54

Capt bligh

Not really.

All we have is a snapshot of what goes on in India, which is where Cosayach and RB are active, so it's not a great indicator. Price will be 3 weeks plus behind as a guesstimate.

The events in recent weeks and months should (logically) stem the price war that has been going on. SQM have to repair investor relationships and investors don't yet know the tactics they have employed.

RB had about 400mt in the inventory imo, I'm guessing they have stopped, or are about to stop producing. If that's the case and the mine goes offline, that will have an impact at some stage.

[capt bligh] 29/4/2015 12:42

superg1 where is a good place to view an iodine price graph??

[superg1] 29/4/2015 11:40

Glad you pointed it out, H2 is normally the slow down period, and prices of iodine dropped.

Q1 and Q2 tend to be the active time.

Just need the election out of the way now.

[superg1] 29/4/2015 11:38

Thanks Spideyyy, I'm glad someone is paying attention.

I must have had a Numis moment there.

[freshvoicem] 29/4/2015 11:14

Strange the 100k sale got over the bid?

[spideyyy] 29/4/2015 11:10

hi sg1.thanks for all your work much appreciated
in the header you mention H2 2013 TO H2 2014 being a 4.1m increase.
This should be 5.1m and a 70% increase.(25.5m-13m=12.5m)

[superg1] 29/4/2015 10:24

I just added the Chile minimum wage situation to the header. I mention it as it surprised me.

Pre Japanese quake and iodine price hike v 1st July (next rise due) the minimum wage will have risen by 40%. In January 16 it goes up again which will make it 45.4%.

In the same time period the peso weakened by 25% which is why Chile has seen cost savings. SQM quote the weak peso as the majority of their cost savings.

There is however a 25% difference is wage rises v the weak peso. So if the Peso continues on it's current path (608 from 640 5%) costs have hit their lowest rate and are now climbing.

A case of keeping an eye on which way the Peso goes. Around 640 has been the recent peak weakness but now 608. That is weakness at the same level of about 8 years ago, when it was at record weakness (668), but briefly.

[superg1] 29/4/2015 09:37

Roger

I can't see other threads let alone want to read them due to the filter system, but some folks raise questions about $30 per kg prices being below IOF overall opex.

It is lies if we go on what IOF have repeatedly said.

Like you I'm not bothered re the share price as they are heading towards possibly the lowest cost producer in the industry and certainly can go materially lower with the right strategy.

If they have what they say they have, once the progress kicks, in I wouldn't be surprised to see them on half the opex of Chile operators. Capex is a fraction of what it would cost in Chile.

[serratia] 29/4/2015 09:27

100,000 sell gone through.

[roundup] 29/4/2015 08:39

It's nice to have enough confidence in the company that, for the moment, I'm not worried whether the share price goes down or up.

[rogerbridge] 29/4/2015 08:28

I know who I believe.

[superg1] 29/4/2015 07:51

My estimate btw with io1 closed is that oepx will be around $20 now.

Rumours that is was doing half it's best rate. The best was 1mt per week I believe.

That would mean (going on the recent update) an 83mt per plant average going up to 95mt per plant. That means based on $25 per kg the opex would drop by over $3 per kg.

It was said late last year opex was comfortably below $25. However production is on the rise which means opex drops further.

If it is 20 ish now, and they move io1 to a 200mt site (bear with me), 475mt (5 plants) production at $20 per kg becomes 675mt (6 plants) at $16.90 per kg.

We know io2 is a high production site as always stated, 350mt to 400mt+ if it runs near capacity.

IOF have said there are higher ppm sites on higher bpd, and those sites are the likely sites where expansion will appear. So if the next site is anything like io2 rates, you can take that opex figure down.

Io2 should be on very low opex and there are more of those type sites to come.

Either the new CEO is lying, or trolls are. DYOR.

[superg1] 29/4/2015 07:18

I have updated the header and will continue to add bits as and when I have time to go through reports, news, and interviews.

But in short.

IOF said they would first optimise the current iosorb plants to increase production which they have done and continue to do so.

They said they have a list of important iodine sites with higher ppm and higher barrels of brine per day. These are the sites they are looking to exploit as part of the strategic review.

They stated at least one plant was already under $20 opex. No doubt that is io2 and at the time io2 was not at it's lowest achievable opex rate as it was not on maximum rates.

The mention of important sites tells me there are more io2 type sites to be exploited.

Early October comment from the CEO that there was $7.5 mill in the bank and it was increasing month on month.

Presentation comments which I'll list as rumours as I wasn't present. Opex at the time comfortably under $25. It should be lower due to increased production and a further drop when they close io1. Near term receivables due that would up the cash in the bank.

So with the above points, announced good production, and all the other news and comments, I personally think results, and comments in results news will be good.

Water is a bonus, and I anticipate we will get that permit. Following on from there I suspect a JV will be the most likely outcome re water division progress.

Oil and gas companies and oil services companies have been very keen to establish water divisions.

[freshvoice] 28/4/2015 23:10

NMever rains but pours

On Friday 24 April, SQM CEO Patricio de Solminihac, informed, in the framework of the regular meeting of shareholders of the company-that would make a new correction of accounting to the Internal Revenue Service (SII) specifically respect of the subsidiary SQM Salar, which, as revealed by The Clinic Online, which was billed to consultants and Business SpA (AyN) Collector's Michelle Bachelet, Giorgio Martelli. A few days ago the information published by our media is ratified and added that between January 2012 and October 2013 issued AyN Spa 23 SQM Salar documents totaling $ 246 million.

Solminihac and Ricardo Ramos Rodríguez, vice president of SQM, would have had to correcting Martelli and Warner companies because although there are indeed reports of supposedly provided services there would be no studies that are related to the work of the company. "

On Correcting, De Solminihac said that "we expect inform you once we have made the correction and agreed with IBS within the next few days," adding that it was "an amount that is significantly lower than the corresponding SQM" that March purposes identified expenses of approximately US $ 11 million made between 2009 and 2014 without sufficient support. Part of these resources, according to the inquiry being conducted by the prosecution policies correspond to silvers.

According to research conducted by The Clinic Online, exactly one week before the public announcement of the general manager, on Friday April 17, the lawyer Pablo Gonzalez Suau reached the IRS to meet with Bernardo Seaman, large taxpayer watchdog for to put to the decision of SQM Salar rectify and ask him to do so, unlock the RUT of the company. The procedure and the offices were not unknown to Sau Gonzalez who for four years among 2006 and 2010, he served as deputy director of the SII legal when the entity was led by Ricardo Escobar.

About what happened in that meeting there are two contradictory versions, but with two consequences: 1) Neither the company Martelli, associated with the candidacy of Michelle Bachelet; Cristian or Warner, "Warner Cristian communication and markenting" linked to Marco Enríquez-Ominami are now rectifying SQM Salar; 2) SQM Salar presented a draft amendment by 16 Ruth, according inquired hereby correspond to companies and individuals linked to the ruling party and the opposition. He attached work reports justifying assumptions made by Martelli and Warner, which could deliver an investigation.

In the Service, which manages the information on AyN is Victor Villalon, who is close to DC and trusted figure Alberto Cuevas, key man of the Tax Reform in Finance.

[monty panesar] 28/4/2015 21:16

ACT/ Nutters/IronBru is completely harmless. A Lancashire fruitcake by his own admission. Leave the poor man alone and work his own way through life.....whichever gutter it may be.

[monet] 28/4/2015 19:05

Nice one LOL

[freshvoicem] 28/4/2015 16:06

I need actblock not Adblock

[monet] 28/4/2015 15:08

Install Adblock no more pop up

[arlington chetwynd talbot] 28/4/2015 14:16

Depends Graham, folk who rent may not be able to improve. So it's still probably a matter of moving rather than staying put. Yes there's clearly work going on at improving, but one senses this is not entirely aesthetic for the owner but done to raise selling values... which is oft debatable.

[rogerbridge] 28/4/2015 13:48

I also thought about this, but the builders merchants and companies such as Topps Tiles, Howdens, Carpetright, Victoria seem to be pretty well up with events. There are a couple of tiddlers Norcross and Titon but nothing really stands out, unless you have found something juicy.