Iofina Share Discussion Threads

[superg1] 30/4/2015 21:26

Nash

'Does anyone have a prediction for the share price post water permit approval and post next trading update? Will we see £1 in 2015?'

No idea, if we get it, then it's suspected a JV with cash up front of around $10m may appear re the depot.

The first hurdle is the permit.

If it does get awarded and $10m goes into the pot, what then?. My guess would be the $5m bond paid off as and when.

I'm going for Y/E cash of $10m in the pot.

If they can add 2 plants similar to io2 I'm going for opex of $15 per or less.

Regardless of who is producing what I expect iodine prices to rise. The current price must be crippling to some producers.

I thought Turkmenistan production would be cheap, but they threw the towel in and stopped supplying India around the $34 mark. As a whole that country does about 500mt per year.

[rogerbridge] 30/4/2015 21:17

Spot on Cross & SG, that's why I like IOF vertically integrated company with low cost production and world class chem company. Huge prospects.

[superg1] 30/4/2015 21:12

Btw

A fact I didn't know either. The IOF chem div has been in the sector for 30 years. H and S chemical acquired by IOF. They are not a newbie on the block trying to impress, their customer base has been established over decades, and they have a good reputation.

[superg1] 30/4/2015 21:10

Cross

re

The same logical follow-through does not seem to be recognised in IOF's share price

That's why I'm buying it, opex will be plummeting due to increased production and the closing of IO1.

Mid year cash to the October comment tells me they were increasing the cash in the bank, so the chance of a profit looks very likely too. It seems volumes of sales are off-setting the drop in the iodine price.

All the info is out there, the CEO has said, as has Lance previously, that they have some high ppm high bpd sites to target. I think George went for the ones with the best view judging by io4 comments of the past.

[nashwan123] 30/4/2015 19:50

I agree the water permit appears to be taking on FDA approval timescales for a drug approval and this is only H2O. Does anyone have a prediction for the share price post water permit approval and post next trading update? Will we see £1 in 2015?

[rogerbridge] 30/4/2015 19:47

IOF seems to be firing on all cylinders and I am confident about the future.
I am not so sure about a profit for last year, if we break even it would be a good result, a profit would be an exceptional performance.

Looking in the rear view mirror does not concern me. We all know mistakes were made, going over them again and again is not productive and is of no interest to me.

Personally, speaking as a long term investor who has been increasing his holding in recent weeks, I am more interested in our progress, what is happening now and more importantly in the future.

[crosseyed] 30/4/2015 19:45

It would certainly seem that IOF have followed through with that policy of using most, if not all, of their produced iodine in the chemical division. As has been noted on numerous occasions, that makes revenues from derivative products largely insensitive to the market price of raw iodine and indeed provides IOChem with a low-cost supply giving them a significant competitive advantage. The same logical follow-through does not seem to be recognised in IOF's share price

c

[superg1] 30/4/2015 18:13

I've just had a listen to all 3 interviews with Tom Becker for early October 2014.

Picking up on some bits mentioned.

2014 H1 net loss included depreciation of plants. EBITA was positive for the period.

New Products.

Products related to iodide salts and iodic acids. R and D for new applications concentrating on environmental remediation areas.

Someone asked re their intent.

In the Stock tube interview he states he wants to take the company forward to the next level, to be the leader in iodine worldwide.

As mentioned before they have quite a bit of interest in off-take agreements but wish to push as much iodine as they can through the chemical division as that has an add on re revenue and profit. No figure in set where they would move to the sale of raw iodine.

[flyingbull] 30/4/2015 17:50

The May oil stock challenge is still on! Deadline for entries is midnight tonight.

Good luck!!!
fb

[superg1] 30/4/2015 17:22

Neddo

They are slow, snail everything in Montana, the football blocking the outlet pipe (excuse) case was bad enough.

[neddo] 30/4/2015 17:05

what's the big deal making us wait for the water permit decision , how can it take all this time , can't they read in montana?

[monkeymagic3] 30/4/2015 14:47

All my money is invested in thumbs.

[superg1] 30/4/2015 13:51

This is why I say I fear investors more than I fear a company.

So you recall the Swiss Franc chaos when they lifted the cap. It was at it's cap so the only guaranteed move was down, hence the world piled in short.

Then the cap was lifted, and boom shorts couldn't close quick enough, with some geared beyond their means.

That creates a knock on effect as everything in their portfolio gets closed.



'The group of 370 IG customers, who wish not to be named, blame the broker’s systems for failing to allow them to “close” or settle their positions before losses grew too large. In the worst case one investor, who had staked less than £10,000, now faces losses of £250,000.'


Somehow it's IG's fault ???

So the guy with £10k only needing to cover 5% of the bet lost.

'Allowing them to settle their positions'

That's a bit naive when considering what happens in a crash. What you do is pay a bit more for your position and get a guaranteed stop loss.

One investor, who spoke to Telegraph Money, claimed he had his “life savings” tied up in an IG account, and lost in the region of £300,000. Despite now earning £70,000 a year, he is “skipping lunches and has reduced spending on luxuries to zero”, he claimed, so he can settle his account with IG without having to sell his home.
Other investors, also claiming to be on modest salaries – including one trainee teacher – say they, too, face losing their homes or going bankrupt as a result of the losses they incurred.

[superg1] 30/4/2015 13:41

No problem, I'm still trying to find other sources of info to narrow things down a bit.

After being .4 of a mt out on the mid figure (120 to 135) on Q1 production I should have retired then, but feel convinced there is fair chance of a profit.

The H1 14 figure was far better than the general consensus. As H2 went so well fingers crossed we will be in positive territory and move on from there.

I won't clog the header up with too much Chile stuff, but it seems Cosayach will be a right old mess later this year and I look forward to Chile media updates on them.

[rhwillcoll] 30/4/2015 13:03

superg - I wish to add my thanks as well.

[spike_1] 30/4/2015 12:03

Agreed - nice job SG - thank you.

[crazycoops] 30/4/2015 11:49

superg - I've just been reading through the new header - nice job!

[superg1] 30/4/2015 09:48

Interesting comments again re Chile copper and the various issues.

hxxp://www.chinatopix.com/articles/47954/20150430/is-copper-mining-in-chile-on-the-decline.htm

Scrutable if you still visit it's worth a reed as I know you follow rutile, it's looks like there will be a big miner in Chile for that commodity come 2017.

[superg1] 30/4/2015 06:39

Whiting petroleum results comment re slickwater.

Slickwater fracs at Pronghorn result in significant productivity increases. In July 2014, we began to implement slickwater completion technology at our Pronghorn field in Stark County, North Dakota. We have completed a total of 15 slickwater wells. On average, the slickwater wells had 90-day rates of 832 BOE/d, an increase of 51% over the 42 offsetting wells completed with crosslink fluid.

[arlington chetwynd talbot] 29/4/2015 17:53

I think we'll leave Baker Tilly to answer the questions Graham, thank you very much.

[superg1] 29/4/2015 14:38

Monts

I'm doing the best I can to ensure the header is not materially inaccurate, I'll explain how later (hopefully).

Those interviews form early October (IG, stock tube and Proactive investors). They answer many questions folks raise here.

[monts12] 29/4/2015 14:31

ok,just wondering what that was all about.

Good header btw

[superg1] 29/4/2015 14:20

No, the post 3 before yours. I filtered FJP long ago, not to filter him, but the thread.

That guy is in Aus and long since lost interest in posting.