Iofina Share Discussion Threads

[ramsey11] 23/10/2023 16:49

No interview??

[chillpill] 20/10/2023 23:38

I think quite a lot is fact AIM is dead.
Shareholder list show institutions buying and retail accounts selling.

[chillpill] 20/10/2023 20:54

The issue on revenue per month is lumpy due to the seasonality of sales.

At the current price, on average, they will be producing around $1m- easily more if they sell down some stock.

At current prices IO#10 and 11 can essentially be built out of cashflow. I’m making the assumption that IO#11 build starts in the spring.

At the end of the year CC expect Woking capital to be around $16m- nearly $10m more than a couple of years ago.

They are in really a good financial state.

[nellyb] 20/10/2023 20:41

serratia, ;)
Beer - i presume you have expressed your views to management?

[ramsey11] 20/10/2023 15:35

The share price tells the taleWhat the hell are we doing down here

[serratia] 20/10/2023 15:29

I'm not sure any amount of information would satisfy you ?

[beercapafn] 20/10/2023 15:23

Yep Naphar, correct.

We are still missing the BOD telling us what is going on. During the delay waiting for #10, some statements were expressed.

1. A separate fund was established to enable large chunks from existing shareholders wishing to exit a buyback path, that would not hurt the share price. Is this still the case?

2. For many years, the BOD has alluded to a major player about to engage in a large contract with our Chemical Division. What happened to that? Does it still exist? If not, tell us.

3. BOD announces #10, but does not advise the estimate of the cost to build #10, and how much is projected from cash and or loans.

4. Mention was made of a plan to investigate smaller more mobile plants to take advantage of a lower throughput of Brine but with higher Parts Per Million Iodine content. What happened to that?

5. No mention of M&A or trade alliances.

6. Cash currently being generated per month would appear to be an easy metric to share with shareholders.

An RNS is more than an opportunity, it's a responsibility to update shareholders.

I don't think we the shareholders are getting enough information.

Beercap

[naphar] 20/10/2023 14:20

IO10 isn’t with same operator as IO9 I don’t think…
“that it has now signed an agreement with a new brine supply partner to construct its latest IOsorb(R) iodine plant, IO#10, in Western Oklahoma.”

[hopefullamateur1] 20/10/2023 11:27

You kind of got to laugh at the mo given the share price. Given Iodine price stable and Profit Before Tax of $4.7M in H1 they probably will have no problems in financing IO10 out of revenues alone.

I like the bit about sales below but new operators/plants are likely to have issues.

The Company continues to experience strong sales, supported by the ongoing robust iodine prices. Whilst the ramp up of IO#9 has taken slightly longer than planned, we are working closely with our partner to increase water volumes to the new plant, and we are starting to see an increased output through October

IO10 is the same operator as IO9 and so I would expect that to go smoother, and there must be lots of brine.

There is a great buying opportunity here either now or shortly. If they drop IO11 as well, 2025 could be motoring....

[jamesgreenbury] 20/10/2023 08:45

12k pounds

[jamesgreenbury] 20/10/2023 08:45

Bought £12k of these this morning at 24.5-25p. Trades at 5.5x TTM EV/EBIT with modest growth trajectory. Clearly iodine price could fall, but balance of risk seems good.

[barrywhit] 20/10/2023 08:19

As Zendo102 states Short term hiccups but long term gains....

[zendo102] 20/10/2023 08:07

Short term hiccups - longer term all on track. The share price will catch up with the growth story eventually.

[chillpill] 20/10/2023 07:40

Just reading the Canaccord note. They think once IO#10 is complete the total capacity will be 725-800t pa.

Iodine prices running slightly higher than they anticipated for H2.

[this_is_me] 20/10/2023 07:37

Another big boost to iodine production signed up. Huge growth rate continues over the next couple of years at least, all without needing to raise cash.

[madchick] 20/10/2023 07:35

They seem quite bullish about the location and a new partner will presumably mean reduction in reliance on any single partner and thus reduce risk.

Disappointing about IO9 but looks like it's getting sorted. I'm in two minds whether they should have emphasized lower end of guidance but perhaps better to say that now and hopefully be more optimistic later.

[chillpill] 20/10/2023 07:20

Looks like Iodine production for year is going to be up just over 50t on last year’s 516t.

[chillpill] 20/10/2023 07:17

Hooray!!!Pleasing to have it all signed and sealed. Hopefully we get 2 plants build and completed in 2024.

[hopefullamateur1] 17/10/2023 14:14

The Interims say

The ramp-up of IO#9 has proven to be more difficult than anticipated as we work with our new partner and their water-gathering system to optimise iodine production. With the new production of IO#9 adding to the other five iodine plants, the Company expects to produce between 325-350MT of crystalline iodine in H2 2023. Currently, all six iodine plants operate in Western Oklahoma.

Some optimisation seems normal, so 325-350MT in H2, 242MT in H1 therefore 567-592MT. 516MT was produced for 2022. So the company doesn't see a lot of loss in production from IO9 is what I take from that, maybe I'm wrong but that was only a few months ago.

Would I like more, yes & IO10 could be sooner. Still for a market cap of ~£45M not bad. Ill be interested in any holdings RNS that appear.

[joestalin] 17/10/2023 11:38

I just helped myself to 10k (shares not pounds) - it looks to be far too cheap now.
It is certainly worth a punt.

[beeezzz] 17/10/2023 10:06

Do something you useless BOD...

[beercapafn] 17/10/2023 10:01

I'm not sure what Richard Snellers average is but i'm sure he is not happy with the drop in share price....

Nor am I. BUYBACK BUYBACK BUYBACK. PLEASE.

[paulie9] 17/10/2023 09:58

No one's happyThe lack off buying is shocking