Iofina Share Discussion Threads

[this_is_me] 15/1/2024 07:33

Prospects are looking good for the future with production likely to be higher for 2024 and, with IO#10, operating 2025 should see a further increase.

[activmojo] 13/1/2024 12:31

55.0% potential upside indicated by Canaccord Genuity
Canaccord Genuity set a target price of 40 GBX for the company, which when compared to the Iofina plc share price of 26 GBX at opening today (12/01/2024) indicates a potential upside of 55.0%. Trading has ranged between 22 (52 week low) and 38 (52 week high) with an average of 182,184 shares exchanging hands daily. The market capitalisation at the time of writing is £47,836,625.

Iofina plc is a United Kingdom-based holding company. The Company is a specialist in the exploration and production of iodine and a manufacturer of specialty chemical products. The Company’s principal business is to identify, develop, build, own, and operate iodine extraction plants, focused on North America, based on the Company’s Wellhead Extraction Technology (WET) IOsorb technology. The Company, through its subsidiary, Iofina Resources, Inc., develops, builds, owns, and operates iodine extraction plants using its WET IOsorb technology. The Company, through its subsidiary, Iofina Chemical, Inc., manufactures halogen specialty chemicals derived from raw iodine, as well as non-iodine-based products. Its subsidiary, IofinaEX, Inc., is engaged in the extraction of cannabinoid-based products from hemp. The Company’s production operations are located in the United States, specifically in Kentucky and Oklahoma. Its other subsidiary is Iofina Resources, LLC.

[beercapafn] 12/1/2024 09:23

Looks like next week for an update.

[beeezzz] 09/1/2024 17:57

Three end day trades of 13 shares just hope that's not a bad omen...

[varies] 08/1/2024 18:03

Zendo102,
Thanks. i am sorry to say that this chemistry is far beyond my comprehension.

[zendo102] 08/1/2024 13:24

varies - you need to search the article for halides (which includes fluoride, chloride, bromide and iodide) - I'm not sure if the full report mentions iodine specifically, and I'm not willing to pay the huge price tag to find out!

Iodide compounds seem to be promising for this kind of solar cell, though the chemistry of iodides may be behind their instability - see here:

This is all speculative technology at the moment. It would be great if researchers solve the issues, but personally, it doesn't affect my investment thesis for IOF.

[varies] 08/1/2024 12:33

chillpill
Thank you for the link.
I cannot see any reference to iodine
Please point me to it

[activmojo] 07/1/2024 09:14

Recent we've been getting a regular visitor from Japan on this forum. Checkout the visitors in the heading. Already been on today 🇯🇵

[chillpill] 07/1/2024 08:44

Not sure about this….but will put it out there…..

Was looking at a Japanese website and they expect a significant uptake in demand for iodine from next year for Perovskite Solar Cells.

[zendo102] 05/1/2024 15:23

Activmojo - Again look back at previous market updates. They are often combined with updates on plants. If there is news on IO#10 due, it will probably be combined with the market update. It saves on costs.

[beercapafn] 05/1/2024 14:26

Thanks Zendo: I am much better informed for your post.

[activmojo] 05/1/2024 13:35

Beer, Don't take any notice of the pomposity. An update on IO10 is overdue.

[zendo102] 05/1/2024 09:54

beercapafn - Why on earth are you disappointed? The year end is the 31st of December and the 1st was a public holiday. So you expect the management team to collect and verify the data, write and check the report and send it to the NOMAD for further checking/approval before getting it to the relevant authorities for publication today? (While at the same time having to deal with time zones…)

Let’s look at previous years’ updates for further evidence:

2023 - 9 Jan
2022 - 17 Jan
2021 - 19 Jan
2020 - 16 Jan
2019 - 17 Jan
2018 - 15 Jan
2017 - 13 Jan
2016 - 18 Jan
2015 - 13 Jan

So the 2023 update seems to be an outlier for being published as early as the the 9th. So again, expecting an announcement on the 5th just doesn’t make sense.

Care to have another guess when the announcement might be? (For example you could check which days of the week update announcements are made to see if there is a pattern.)

If you aren’t prepared to do this modicum of research, then it might be best to keep your thoughts to yourself.

[beercapafn] 05/1/2024 07:25

Disappointed that there was no RNS this morning. Nice share price rises these last few weeks.

A positive RNS should see 30p plus.

Thanks, Chilllpill - always informative.

[chillpill] 05/1/2024 07:10

Had time last night to look into the CC figures.

I think EBITDA of $11.5m for last year should be very achievable especially if they achieve projected sales of 350t in H2.

Worth noting in 2024 non-iodine revenue expected to jump over 25% from 2023 to $12.5m.

[naphar] 04/1/2024 22:37

283k trades is many buys?

[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.