Iofina Share Discussion Threads

[beercapafn] 04/1/2024 14:26

Just many buys on LSE.

[nellyb] 04/1/2024 14:23

if that doesn't happen, i hope no-one is disappointed.

[beercapafn] 04/1/2024 14:04

Looks like there might be an RNS in the morning.

[chillpill] 04/1/2024 08:01

One thing I do wonder is if IOF will go for some non-oil and gas production in the Woodward Trench- the traditional iodine area where you get v high ppm’s.

Some of the plants there have been going for 40 years.

Anyway not long for an update. Think it was on the 9th last year.

[antoniogramschi] 03/1/2024 15:39

My personal view is that there are risks to iof in terms of iodine price falling or any plant experiencing difficulties. What iof need to do is to increase production and this can only be achieved via a more robust phase of expansion, building 2-3 plants yearly, which they should by now have the expertise to do.

[meb123] 03/1/2024 12:59

They need to continually build plants to keep pace and maintain production. What a lot of people fail to appreciate is that oil wells and by implication brine supply have a finite lifespan .

[hopefullamateur1] 03/1/2024 12:35

I can't see any dividends or buybacks coming either. I expect cash to be good, and a warchest built for any expansion via more IO plants (or mobile plants lol), IC expansion, or acquisitions. I can't see Lance doing any "special" projects with our new investors such as Sneller or Newlands, as I think this would go down like a lead balloon.

Some forward guidance I think is needful at this stage and probably is coming shortly...

[meb123] 03/1/2024 11:42

Paying dividends and buybacks will not be done in a hurry. It's more likely any extra cash they have will go towards funding Lances outside business interests lol

[beercapafn] 03/1/2024 10:36

Thanks for the full and positive response. Well delivered.

[chillpill] 03/1/2024 10:28

Roughly speaking I reckon they will have enough cash by June to build the next couple of plants.

I think they also want to spend more capex to drive margins higher via IC.

Personally not expecting cash back via divi or share buyback for another 6 months.

Any share buyback would probably be small on current volumes. Under LSE rules they aren’t allowed to “manipulate221; share price so can’t wade into market and force price up.

Look at AEP and MPE as examples.

[gb904150] 03/1/2024 09:59

Yes I'd agree with that beer.

I expect they will release an early January update similar to last year which was on 9th Jan.

That was a Q4 2022 Corporate Update so we should get similar for Q4 2023.




Then 6th Feb they gave a TU for the FY 2022. I'd want the same again for FY 2023.



You might not get the cash position until final results (to end Dec 2023) which will be late April.

#IO9 was completed June 2023 so making a contribution in H2 2023 albeit the 30/11 RNS says it wasn't operating optimally until around then.

I totally agree the company should now be looking at buybacks at this level. At last interims to June 2023 figures were broadly:

$24m revs
$16m COS
$8m gross profit
$5m net profit

Net cash was $0.2m vs net debt $2.8m prior year.
CAPEX was $3.7m capex.

You'd expect there's now enough financial stability for a buyback or small divi while still progressing #IO10 and #IO11.

Still happy with the slow, painful progress here. It's never quite enough but it's all heading in the right direction.

[beercapafn] 03/1/2024 09:23

Question:

When can we expect a new update on the financial position?

Any speculation on how much cash is on hand?

I am asking for a buyback of at least £ 1 million. Soon.

Any support from the contributions here?

Thanks.

[trickydicky1] 02/1/2024 19:57

So, what happens when SQM’s Nueva Victoria iodine concession expires in 2033 given that their Salar lithium concession has been “lost” in a convoluted deal hands control and 50%+1 to Codelco (with effect from 2031)?

Alongside the closure and rehabilitation of Cobre Panama, we live in interesting times!

[beercapafn] 02/1/2024 10:22

Thanks GB.

[gb904150] 02/1/2024 10:17

I think it's just auto-generated content after Canaccord lifted their target price.



So unless anybody has a new Canaccord note there's not that much to add.

[beercapafn] 02/1/2024 10:05

Sadly no. It was just a google alert.

[naphar] 02/1/2024 08:51

Beer do you have a link to that interview?

[beercapafn] 02/1/2024 08:42

A few buys this morning might lift the share price a few pence. Just saying. Canaccord suggests a 60% upside.

[chillpill] 02/1/2024 07:19

The Japanese earthquake is very unlikely to have any impact on the iodine market. The earthquake was on the West Coast a long way away from the Chiba Prefecture where most iodine production is.

The Cosayach mine closure (5%+ of global production) in the coming months is far more important.

[ramsey11] 01/1/2024 10:29

Not good in Japan ...any thoughts

[beercapafn] 31/12/2023 10:56

Iofina plc 60.0% potential upside indicated by Canaccord Genuity - DirectorsTalk Interviews

[bocker01] 30/12/2023 21:43

That previous post is a lovely post. Great to read.

[lostsole] 30/12/2023 16:09

Just a post to thank all the main and minor contributors to this board.Many of us are not in the position (e.g. time) or have access to resources to undertake much of the fabulous research or develop insights shared here - and I know I speak for many when I say thank you to all that do regularly postI hope everyone is enjoying Yuletide in their own way and hopefully we might benefit from some substantial progress with IOF and share price in the coming 12 monthsHappy New Year!

[chillpill] 29/12/2023 19:50

The biggest single issue I am still invested in IOF as I believe in the “higher for longer” price scenario. When I say that a price above $50.

The Cosayach mine that is going to be wound down next year takes out production of 2200t over the next 18 months imo.

SQM have added 800t this year at NV.
They had intended to have an extra 1300t pa capacity come on line in 2024 at Pampa Orcoma. There are indications this has been delayed due to permitting- there have been no recent comments by SQM.

Annual demand is around 33,000t. There has been no demand growth this year due to the high price. Some customers are using alternative products to iodine. I would expect that figure to start rising 500-1000t pa again as contrast media demand is growing at 7% pa.

All in all new iodine supply is limited as any new mine in Chile requires building a seawater pipeline up into the Atacama Desert and is 5 years in planning.

[meb123] 29/12/2023 10:01

You are right to highlight all these issues and uncertainties. You only have to look at the price action over a couple of years to conclude it is range bound between 20 and 30p. Even on good news the share price could not sustain a value above 30p. Going forward we are likely to have drip drip news , probably good but unless it's massive can't see it moving out of this range . Having said that I would be a buyer at 20p hoping to exit at 30p . Not a bad return . I was holding Iof for many years hoping it would be a mutibagger . Sadly that was not the case and decided to exit a few years ago at a significant loss . I suspect however there are many other long term holders who have more patience than me and to those I wish them good fortune and a happy new year :)