Iofina Share Discussion Threads

[odvod] 16/6/2015 10:34

And the present management is tight with promises. They deliver.

1 more aspect - did the management change effect the water permit strategy/paper work? Could it be that they did not proceed with the old line?

[monkeymagic3] 16/6/2015 10:33

Che - I am very chilled thanks!! No stress as I am not continually trying to justify anything. Just letting the market do its work.

Lets see what happens and how on earth people will be able to sustain daily posting until the next update.

Regards

[che7win] 16/6/2015 10:28

monkey,
I am chilled, you aren't.

Why keep going about the past? You are well aware the plants weren't sited in optimal conditions, had they been we would be in those ranges.
Management are adapting to low iodine prices and have taken the necessary steps and well done to them.

You can't deny that management have become more consistent in production and have continuously made improvements to these plants.

Production is consistently rising, costs have been falling, they have more or less demonstrated the success of this new technology and learn't a lot of things on the way.

We are now in a good position with management on top of the business - the share can go where it wants to - the business is the thing I'm interested in and it's flourishing under new management.

[awolagain] 16/6/2015 10:23

Hi all

Yes rather disappointing this morning with the price action. However any fall in the price now is not such a worry as we know it is not because of the business not performing but just market conditions, we have to have sellers and buyers to make a market. There is a small gap to fill at 24p it should rebound around there. If the directors do some good presentations this week we should see some Inst buying which is what we need as they tend to not be worried by a few hic-ups on the road.
Sentiment is always hard to restore, we just have to keep banging the drum.

GLA

[monkeymagic3] 16/6/2015 10:20

Che - yes, and still a long way (time wise) from the December 2013 RNS:-

"The combined annual production rate from IO#1 through IO#6 is expected to be in the range 700-1,000 tonnes of crystallized iodine. "

Just chill Che.

[che7win] 16/6/2015 10:06

2014 Q4.....record production.
2015 Q1.....record production.
2015 Q2.....record production.

All getting very consistent to me.

[monkeymagic3] 16/6/2015 10:05

Freshvoicem 16 Jun'15 - 09:30 - 33687 of 33691 0 0

Really good news and only up 1p!

What do they have to do!



Do it again (and again).

[roundup] 16/6/2015 09:49

It will take consistent good performance for a period to bring back good sentiment and confidence in the company. I think we are now on the road that will lead to growth and profitability.

[tackems] 16/6/2015 09:35

Good update and it looks as though we will have to wait for the 'profit-takers dwell' before we go onward and upward. Yes I agree it will be an interesting AGM but the update still throws up a few questions that I could pose.
Can I join the other on this BB and say thanks for all your excellent research SG.

[cyberbub] 16/6/2015 09:32

welcome, nicksig!

[odvod] 16/6/2015 09:32

cash profit

[freshvoicem] 16/6/2015 09:30

Really good news and only up 1p!

What do they have to do!

[jbe81] 16/6/2015 09:19

Good update, won't take much buying to get back to a more reasonable share price Prospects looking good.

[nicksig] 16/6/2015 08:43

I'm in as of this morning. GLA

[superg1] 16/6/2015 08:43

Rid

PIs can only take so many punches.

Those in at 21/22p probably took a nice quick profit.

Meetings all week will fill in any gaps.

My thoughts are about the pending potential production and supply crisis, what great timing now to be in excess production mode with sites available to exploit.

All we need now is a trip wire in Chile, with the RB issue yet to kick in re supply, as they had about 400mt of inventory (estimate) at the time they went bust.

At their supply rate that's 3 months worth and we are half way through it.

That said Tewoo have the rights to it through the secured against advanced payments for lithium. I don't think Tewoo use iodine but they are in China which is where about 60% of RB's iodine was going.

It's probably India (40% ish of RB's supply 500-600mt) that will be the first to find they are struggling to get a supply and that may be in play now.

[roundup] 16/6/2015 08:41

With the production now well established, this is now an excellent buy in my opinion. I only wish I was in a position to load up. I have, however, taken advantage of the low price.

[rhwillcoll] 16/6/2015 08:30

Finncap the company broker are the main ones on the bid - they want your shares.

[kaos3] 16/6/2015 08:29

There are only existing holders left (to buy). Hard to expect new ones to buy in in an hour after the news.

[ridicule] 16/6/2015 08:27

with only 127.57m shares currently in issue I am surprised at the modest rise on the news this morning and by the amount of selling going on. Are we missing something? Financials !

[superg1] 16/6/2015 08:20

Btw

An individual plant on a good site attached to an off-take agreement should equate to a materially lower opex plant.

I don't know the answer but can make a good guess, try asking about io2 at the agm and what the opex there is, then you'll have an idea about the prime sites they mention.

[napoleon 14th] 16/6/2015 08:19

Well at last some good news about the core business,
not drowned in posts/RNSs about water for once!

Keep it up...

[superg1] 16/6/2015 08:13

The other part of the muttering would mean that rate of production equates to good margin below 20 opex.

An io1 move would take it lower as would any further plants near term.

We are talking figures mentioned originally and would have been there some time back, but for G and G.

I have a bit of a scalar sorted re opex per mt of iodine produced but I'll wait for any confirmation of the opex this week before any real details.

My first thought is about +/- 35 to 40 cents per mt produced assuming average up times across all plants.

[rhwillcoll] 16/6/2015 08:07

New company broker - Finncap - on the bid.

[che7win] 16/6/2015 08:03

As I said before, we should never have speed below 30p.Good old Zak :)

[kaos3] 16/6/2015 08:00

Just what I like. Operational excellence. A winner!