Iofina Share Discussion Threads

[roboben] 21/6/2013 13:31

Escape - I think you've pretty much hit the nail on the head there!

[superg1] 21/6/2013 13:30

Spike

thanks for that. So either way they have to open up, so no issue there.

[the librarian] 21/6/2013 13:29

IOF's tech is not producing the same toxic broth Bogg1e, yes Toyota could use it but they decided to invest in Chile for the future.... whoops!

[naphar] 21/6/2013 13:29

Spike, I disagree with one part of your post specifically:-
"If the bid is hostile, Board will recommend Institutions (we won't matter) not to accept."

IMO, if the bid is hostile, the holdings of PIs in Battery's spreadsheet is big enough to matter. Combined, we can give a big no vote, which added to the directors shareholdings becomes significant. At that point you don't need all the IIs to agree with the BoD proposal. Therefore, I would imagine that in a hostile situation, the BoD would be just as eager to convince PIs not to sell as to convince IIs.

In the event of an agreed bid, I agree, basically game over, but the PIs still have some power if they were to all vote together. But I forget the percentages needed and cannot check right now.

[n3tleylucas] 21/6/2013 13:26

You dismiss pi's too easily in t/o offers. Why? Because you simply don't understand the rules.

You need 75% acceptance to takeover a company.

If you have 25% plus 1 share voting against. The bid fails.

Stop saying pi's don't matter. Understand the rules.

[shonny] 21/6/2013 13:25

Good afternoon SUperg1 and fellow rampers. Sp a bit south of 200p i see. Oh dear

[escapetohome] 21/6/2013 13:20

I think the poorly worded rns was designed to knock the froth off the price. I can think of no other reason. This is not a company that makes such errors. I think there is a concern that in terms of share price we have gone too far too fast.
As said by Dr Chris in response to the question about progressing to the LSE market - He said words to the effect - It is a possibility but also We have to be careful we are now one of the largest companies on AIM, that is my recollection of what he said. He was also very guarded about ascribing value to the contracts in place.

I still have all my IOF shares and will be holding until the takeover.That is when I believe the value will come out.

A period of consolidation will do no harm

[skylite] 21/6/2013 13:19

I know Peter; feels a bit like kissing your cousin though.

[spike_1] 21/6/2013 13:18

Re - take over: until IO3 and probably 4, and quite possibly 5 & 6 are actually built and producing, the competition have no easy way of knowing whether the ppm's are sufficiently high to be disruptive.

If the bid is hostile, Board will recommend Institutions (we won't matter) not to accept. To do that convincingly, IOF will need to demonstrate their valuation and future prospects are significantly above the offer price. Thus everything now 'under the radar' will become public knowledge.

If a take-over approach is friendly, IOF can open their books (non disclosure clause), at which point the bidder will know exactly the rate of production and costs involved, and forward plan. It is likely that once a potential bidder has been RNS'd, others will show interest, and will likewise be allowed to see the books (there are pre-conditions where a potential bidder has to be able to demonstrate they have access to sufficient funding etc).

Providing there is more than one bidder, which there should be if the price is low, then the bids will go up.

As the bids go up so will the share price. In short, whilst we will inevitably not get full potential value and 'life long' dividends. It will be a bird in the hand, which will suit fund managers just fine.

So even if the share price is low now, I cannot see how we will be taken out at anything like the current price.

Best wishes - Mike

[bogg1e] 21/6/2013 13:08

librarian, in Japans case would IOFs technology extract the iodine without the noxious gas problem?

[peterz] 21/6/2013 13:08

skylite - it might be good news for you (60k) that the RNS and sentiment has been rocked a bit short term. :-)

[skylite] 21/6/2013 13:01

If the topic of conversation carries on like this you're going to stir Scrutable. You have been warned :-)

[the librarian] 21/6/2013 13:00

The shareholders are revolting :-).

Yes they should put out a corrective RNS, the negative sh*t is starting to get on my nerves considering we know the right information as supplied by superg and others who went to the AGM and spoke to Lance and others in person!

[the librarian] 21/6/2013 12:57

Other players are in Chile, SQM and others mining it from caliche ore. Toyota Tsusho in Oklahoma using old tech (from brines) that produces noxious gases

[bogg1e] 21/6/2013 12:54

Going on what rob said and as netley points out chile mine iodine, i would assume that chile aren't interested in IOF. After all, what can they do about it? I bet the Japanese are more interested though, in business terms they are notoriously thorough.

Some of the IIs invested in IOF are also big enough to put an offer in the for the company. Who knows maybe an industrial umbrella company hoover them up.

[bogg1e] 21/6/2013 12:49

EWCT, in its own way i guess.

Netley cheers, in which case IOFs tech wouldn't be appropriate.

[n3tleylucas] 21/6/2013 12:47

Chile mine it Bogg1e.

[ramu kumar] 21/6/2013 12:46

In this digital age, it's difficult to be under the radar. One has to just google Iofina and ADVFN pops up!

[everybodywangchungtonight] 21/6/2013 12:44

Good post Boggle (2854)

[bogg1e] 21/6/2013 12:44

Well Japan extract iodine alongside gas (off top of my head) so i would have thought IOFs technology wouls apply. How and from what Chile extract iodine i dont know.

[imperial3] 21/6/2013 12:42

Who are their competitors?

[hitsha3] 21/6/2013 12:42

Thanks Roboben.

[n3tleylucas] 21/6/2013 12:42

There's a fine line between being under the radar and breaking market rules on disclosure.

Iofina are sailing VERY close to the wind.

[bogg1e] 21/6/2013 12:40

Im also interested to see if the competition will partner with IOF to improve efficiency in their operations (if the iodine source is applicable to IOFs methods that is).