Iofina Share Discussion Threads

[che7win] 26/5/2015 15:27

Fwiw, Roundup, you sum up my view pretty succinctly. I understand if the company wants to take things carefully, strategically, or wait for the iodine/oil/water situation to clarify itself.Management are a safe pair of hands - strategically they are playing things the right way.The only issue I have is this - let the market know as much as is possible what the strategy is and the parameters. Uncertainty is not appreciated...maybe we hear more soon.

[roundup] 26/5/2015 14:58

The water is non core; it would certainly be an added bonus if we get the permit, but the whole future of the company can't be hanging on the results of the water board's decision. There are other factors at play such as iodine price and the oil price, and we have to deal with the situation we find ourselves in so the company must advise us of their plans.

[bobbyshilling] 26/5/2015 14:43

I don't think they can commit to any plans yet, until they know the water decision. If someone is waiting in the wings with a JV offer, pending the water decision, then that will make a difference to the company's forward plans I should think.

[roundup] 26/5/2015 14:33

Uncertainly kills the share price, unfortunately this company has provided a lot of this over the last year. The last contribution they made was, on the verge of results day, to postpone the figures.At the moment we can't, with any certainty, know how we did in the last quarter, nor do we know what the review holds. This is the reason the share price is drifting and most are sitting on the sidelines waiting for an indication what the future holds. Under these conditions the share spread tends to be big.It is high time the directors commit themselves as to their plans for the future.Personally, I have high hopes for the future of the company, but it would be nice if the company could confirm this.

[bogg1e] 26/5/2015 11:42

Im wondering what or if games are being played. For the past 3to 4 weeks the spread has been unusually large 5-10%. It really has stultified any trading volume.

Edit: now we are one hour on (12:45), the spread at 35.25 to 36 is now only 2%. Hopefully this will encourage watchers on the sideline to start buying.

[nashwan123] 26/5/2015 11:32

A bit pedantic but I expect results tomorrow or Thursday as RNS said results would be announced DURING the week; Friday is the end for trading.

[superg1] 26/5/2015 10:03

Thinking in that the family of Cosayach companies, that mysterious money movement from another company seems to coincide with when Cosayach completed their seawater pipeline. So perhaps some dodgy dealings to cover the cost of that. One thing is for sure it won't be legitimate.

Re the permit, no decision yet, and the HE has until next Friday.

[freshvoicem] 26/5/2015 09:54

Be patient, they are trying to complete it for Friday so they don't have to RNS another delay. 32665 LOL

[ridicule] 26/5/2015 09:26

neddo. They did say week commencing 25 May! It may be they have been advised on a date this week for the water decision. I cannot think of any other reason for them not including a precise date in the previous RNS.

[neddo] 26/5/2015 09:15

???? where is it? what a farce this is getting,

[superg1] 26/5/2015 06:52

SQM bits.

Potash Corp are considering dumping SQM shares. They have more or less said, if they can't get a controlling interest, and be involved in the running of the company, then they will probably dump their stake.

On the Corfo SQM lithium lease debate, key players in opposition parties are calling for the SQM lithium leases to be withdrawn. They go on about how they were obtained fraudulently in the first place. If you recall Ponce Lerou was the leader of Corfo way back and gave himself various leases, some paid for by government loans that weren't repaid etc.

Cosayach group. The slavery case affecting two bosses is set to conclude mid June. Prosecutors calling for sentences of 5 and 15 years for them.

Nothing obvious appearing yet re the Cosayach tax fraud side of things. ($82 million tax avoidance fraud)

I've just spotted there are some big questions over the accounts of other companies in the group, but haven't read enough yet to understand it.

There was a sudden change of -$38 mill in the assets from Sept 14 to Dec 14. $21 mill went to companies including Cosayach and others names they register under the iodine mine. At a guess I assume the iodine side was short of cash.


In the last financial statements presented in Hipermarc to December 31, 2014 the SVS, you can see the declaration of the surprise negotiation made on December 30, 2014 of Hipermarc with 6 companies related to accounts receivable from related companies streams ( CPCERs). These companies are owned by Francisco Javier Errazuriz is Hipermarc same driver with more than 80% of the shares. The announcement of this negotiation is in the 12th Note of financial statements to December 2014.

In a consultation by Action Hipermarc the SVS 2014 the agency to consult Hipermarc this huge game of accounts CPCER for more than $ 42,000 million in "current assets" in fact was asked to balance sheets from previous years is It shows that these accounts were never canceled by related companies. The result of this investigation by the SVS can be seen reflected in the latest financial statements presented by the company .


There was a sudden cahnge of $In a consultation by Action Hipermarc the SVS 2014 the agency to consult Hipermarc this huge game of accounts CPCER for more than $ 42,000 million in "current assets" in fact was asked to balance sheets from previous years is It shows that these accounts were never canceled by related companies. The result of this investigation by the SVS can be seen reflected in the latest financial statements presented by the company .

There was a sudden change of -$38 mill

[cyberbub] 25/5/2015 20:17

Possibly freshvoice who knows. It's only a day or two anyway.

If we can get some upwards movement in the share price leading up to the water permit decision in 10 days' time, that would be nice for us long-suffering shareholders... there does seem to be the makings of a promising 'bowl' on the chart, but we're still vulnerable to left-field bad news... touch wood.

NAI

[freshvoice] 25/5/2015 20:11

I think you are optimistic for tomorrow, later in the week is what I was told.

[cyberbub] 25/5/2015 19:55

Results tomorrow, boys? Fingers crossed. The key thing is not the results themselves of course. We know that the company probably made a small loss for the year as a whole. The key things IMO will be:

(a) that it was cashflow positive in H2.
(b) hopefully that cash balances increased in H2.
(c) perhaps an indication that things have been going well so far in H1 and that there were no untoward occurrences or production drops over the winter, like there were the previous winter.

Ideally we would have a clear statement of future intentions for expansion. However I don't think that is likely for another week or two, once we have a final decision on the water permit. But it won't be long!

GLA NAI

[arlington chetwynd talbot] 23/5/2015 19:19

It's just a fine-tuning (ha!) of a well established method of producing US iodine from brines. It's neither new, nor does it ever make any money. It was doomed to failure from the very start. After the biggest 'brine' boom for yonks you still won't make a dime. Sheesh...

[arlington chetwynd talbot] 23/5/2015 19:12

All well and good. Thing is, this is an idiotic way of producing iodine.

[rhwillcoll] 23/5/2015 14:04

Big Companies Bullish on Copper Prices

(Copper Price is Linked to Strength of Chilean Peso vs US Dollar, so Iodine Price Will Have to Rise with Increase in Copper Price)



The world’s biggest mining companies haven’t agreed on much lately as they argue about how to deal with a glut of iron ore and coal.

When the subject turns to copper, however, they’re on the same wavelength.

Executives of BHP Billiton Ltd., Antofagasta Plc, Rio Tinto Group, Freeport-McMoRan Inc. and Glencore Plc all pointed to copper in comments this month as the one commodity not dogged by oversupply. Demand is proving resilient, according to analysts who cite China’s response to a slowdown in economic growth by sanctioning a number of previously delayed infrastructure projects.

“If you’re looking for a single structural long-term bullish argument for owning a commodity, just look at copper,” said Clive Burstow, who helps manage $44 billion at Baring Asset Management in London.

In an interview last week, the head of the world’s largest mining company painted a gloomy picture for the industry. BHP’s Andrew Mackenzie said that in all the minerals markets in which it operates, any demand increase can too “easily” be met by expanding existing mines. One exception he sees is copper.

The red-brown metal is used in pipes and wires in houses and appliances and is second only to silver as a conductor of electricity and heat. Last month, China’s imports of concentrate, a semi-processed ore from mines, rose about 4 percent from a year earlier after climbing to a record in March.

Price Jump

While copper is still far off its 2011 record of $10,190 a metric ton, prices have advanced 15 percent from this year’s low on Jan. 26. The metal traded at $6,173 a ton as of 5:17 p.m. in London.

“The demand picture appears to be improving fast and seems to be the main factor supporting the price recovery,” Kevin Norrish, a mining analyst at Barclays Plc, wrote in a May 18 report.

First Quantum Minerals Ltd. wants to speed up the development of its projects to coincide with rising copper prices, according to President Clive Newall. The Vancouver-based company, which produces African copper and Australian nickel, expects prices to rally to $8,800 a ton in two to three years as the market moves into a deficit.

Right Timing

“One of the ways we create those exceptional returns for shareholders is by getting the timing right,” Newall said in a telephone interview Thursday. “You get to a deficit very quickly and it grows very rapidly. The only way to satisfy that is to develop projects that require substantially higher copper prices.”

For Rio Tinto, the world’s second-biggest miner, copper is proving to be an antidote to a collapse in the price of iron ore, responsible for 81 percent of its 2014 profit. This week, Rio signed a long-awaited accord with Mongolia’s government letting it expand the Oyu Tolgoi gold and copper mine.

Afterward, Jean-Sebastien Jacques, the head of Rio’s copper unit, gushed about the metal’s prospects, stating “we love copper.”

Jacques said in an interview that “supply is very challenging in copper and when you look at the next 10 years there’s a clear shortfall of around 8 million tons.” That’s equivalent to about eight mines the scale of Escondida in Chile, the largest copper mine.

25 Years

“It took nearly 25 years to build Escondida, so therefore we’re pretty bullish about copper,” he said.

The chief executive officer of Antofagasta, the Chilean mining company that’s the world’s ninth-largest producer, also fails to see a market glut this year.

“The large supply surplus that has been forecast for the past couple of years has been like a bow wave being pushed out in front of us but never materializing,” Diego Hernandez said.

Disruptions at operations owned by BHP and Freeport-McMoRan have fueled speculation that a global surplus of the metal will disappear. Macquarie expects a copper deficit of about 40,000 tons this year. The bank forecast a surplus of 104,000 tons in January, down from an October estimate of 475,000 tons.

“The fundamentals mid-to-long term in the copper business are as strong as any commodity could be, supported by demand from global growth and also by significant supply constraints,” Richard Adkerson, CEO of Phoenix-based Freeport McMoRan, told a conference in Barcelona last week.

One of the most outspoken critics of oversupplied markets is Glencore CEO Ivan Glasenberg, who last week accused the biggest miners of damaging the industry’s credibility and creating a “crisis of confidence.” Even he sees copper bucking the trend of swollen metals markets.

“We believe copper is moving into a deficit,” he said at a meeting of Glencore shareholders on May 7. “Consensus has always said there is a surplus. The grades are going down. People are struggling to hold their current production levels.”

[superg1] 23/5/2015 08:39

Iodine with plastics is probably due to property changes.

EG IOF mentioned that if there was enough iodine around then perhaps all tyres would involve iodine use as it improves the vulcanisation process. Space shuttle tyres are made that way, you end up with a better product.

So adding iodine into polymers during the manufacturing process obviously creates improvement in some form, it could anything from getting rid of harmful chemicals or improving fade resistance.

If think the point is the price drop has opened up that market. Iodine is being used and tested in 100's of different processes from satellite fuel to catalytic converters to iodine doped surgical tape (currently being trialled).

I've been looking at polymers in recent times. The properties of a polymer can change substantially by the addition of small amounts of another 'ingredient'.
Turn the ingredient into nano particles change it altogether. EG silver isn't antibacterial but turn silver into nano particle size and it's kills bacteria ?

So it seems likely it's a new use for India with the price drop making it viable, but the performance enhancement likely to embed it's use.

[che7win] 23/5/2015 08:11

Maybe this:

Studies continued on polythiophenes that are produced with bromine or iodine gas. These plastics with electrical conductivity properties will produce such products as paper-thin television screens and sensors for chemical-weapons detectors

[arlington chetwynd talbot] 22/5/2015 23:09

That's right, give it a rest.

[superg1] 22/5/2015 19:25

Chumbo

I think the main delay was caused by a few dodgy LOIs on permits already authorised. Then when IOF came along Denise Biggar and co went OTT on the defence, trying to claim Iof's letters were false etc. The bureau definitely made a mistake on a few permits as pointed put.

They have rights swap options too and the discharge permit.

Thinking outside the box Carlisle may need to sell his business if his custom drops off a cliff in the event of a large fit for purpose depot appearing.

[chumbo] 22/5/2015 16:50

Probably a question for our resident encyclopedia Montanica and possibly a little previous given that we don't yet have our first permit. But following on the same tack as TFC et al:

Is there any historical precedent that might give us hope that the second application will be a much smoother process than the first, given that we will have satisfied all the tricky criteria, eg: beneficial use?

I'd like to think the second could be resolved in months rather than years and wondered whetherb history tells us this is likely.

[awolagain] 22/5/2015 16:42

Webby

That's what would seem to be the case but until we see that in the market it might not happen and effect the price for some time...I would swear they are hiding it under their pillows lol!

[webby] 22/5/2015 16:28

Awol. Drop in supply seems quite likely given the problems in Chile. At least thats how I see it.

[woodpeckers] 22/5/2015 16:08

Well at least we don't have to worry that there have been a lot of people buying in in anticipation of good results/water decision, that will sell the news . More likely, lots waiting on the sidelines which, as a long term investor, is infinitely preferable as far as I'm concerned.

Fingers crossed we have good news to come in the next week or so.