Iofina Share Discussion Threads

[beercapafn] 16/1/2024 10:25

I might be a little naive but isn't the share price the ultimate reflection of how the business and the compancity of the company is managed?

[zendo102] 16/1/2024 10:20

CEOs shouldn't comment on share price movements. He was right to focus on the business side of the equation.

[beercapafn] 16/1/2024 09:48

As we will see in a couple of weeks, there is plenty of $ money to do a couple $ million buyback.

And what better time than when your broker is saying 40p?

Tom Becker was asked why the Share Price fell yesterday, and answered, I don't know.

Well, I for one want a better answer than, I focus on the drive forward.

That's the President and CEO of my investment, who set aside $ million for buybacks 6 months ago as part t of his FORWARD PLAN.

At what point does the BOD action that part of the plan?

I am going to ask.

[jamesgreenbury] 16/1/2024 09:45

Does anyone have the new Cannacord 2023 and 2024 forecasts, I heard they have been down graded significantly after yesterday's trading update.

[chillpill] 16/1/2024 08:29

Proactive interview.

[chillpill] 15/1/2024 22:15

Yep. It is something that has broadly been talked about before but if for instance there is some bedrock with very high ppm near IO#2 why not drill a separate well to help supplement current flows into IO#2.

Also should they consider the traditional iodine production area that is known as the Woodward belt where PPM’s are as high as 1500?

Produce iodine without the need of O&G brine?

[severnof9] 15/1/2024 21:32

If Chillpill's understanding is correct why cant IOF take responsibility for these shut in wells and do the fracking workover ourselves.

From what I can work out the Operator Amplify made some changes in 2020 (rod-lift conversion program which meant less brine) - I think they also shuttered some low production but high ppm wells in that area. This is along with the progressive ppm reduction you expect over the lifetime of a plant.

Im sure it comes down to costs and risk but unless we have some control over brine supply we are always at risk of the O&G decisions. Which is worse?

[chillpill] 15/1/2024 18:42

Bocker01- yes very good point. I think that is part of the reason there was the shift to rod-lift.

[chillpill] 15/1/2024 18:39

For me the major disappointment has been the speed of expansion in the last couple of years.

I had thought they had sites identified for when things picked up.

They beefed up this side last Summer so hopefully going forward things might speed up a bit although ultimately it is more important to get the right sites as history as shown.

[chillpill] 15/1/2024 18:31

Sorry Joe but I think it would be a mad idea. IC struggled in its former life when it had to buy raw iodine in.

End users also want security of supply of iodine. Especially with the current issues in Chile.

Stalin15 Jan '24 - 12:06 - 8515 of 8517
0 4 0
Time to split the company. Sell off the chemicals division. It would do well under new management.

[bocker01] 15/1/2024 18:25

There were also the restrictions limiting input bpd of brine a few years ago. As far as I remember sites reduced from 30k typically maybe more if capacity greater to 20k limit. Correct me if wrong.

[chillpill] 15/1/2024 18:08

Owenga,

I think you will find it is mainly to do with IO#2. When it first came online it was producing a ton a day. It helped mask the problems at other plants in the early days.

Now distribution is more even with each plant averaging around 100t pa.

From what I can work out the Operator Amplify made some changes in 2020 (rod-lift conversion program which meant less brine) - I think they also shuttered some low production but high ppm wells in that area. This is along with the progressive ppm reduction you expect over the lifetime of a plant.

You want a certain amount of reworking of wells to freshen up the brine supply.

I suspect IO#8 isn’t quite as productive as originally hoped as EOG pulled out of the area when the price plunged in 2020- they had prior to Covid intended to have a large drill program in the area.

[owenga] 15/1/2024 13:51

Production continues to disappoint. We simply aren't getting the expected additional production from the new plants that we expect. We were making 600 tonnes about 3 years ago before the addition of plants 7, 8 and 9. By the end of this year assuming nothing from unit 10, we will only be at 650, an increase of 50 from three extra plants. Can someone explain that? The company certainly hasn't.

[joestalin] 15/1/2024 12:06

Time to split the company. Sell off the chemicals division. It would do well under new management.

[this_is_me] 15/1/2024 12:01

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)

[woolybanana] 15/1/2024 11:55

Do those figures deserve such a big drop in the share price? Seems a bit extreme.

[pinkpudycat] 15/1/2024 11:19

The market can see the update for what it is!
What happened the Fortune 500 deal, inept management won’t change until the management do!

[fft] 15/1/2024 11:19

Problem is that, looking at the broker report, production may be up and revenue maybe up, but costs are rising faster and EPS in 2024 is expected to be lower than 2023. :-(I hope the new chemicals production mentioned in the RNS is more robust/notable/long lasting than the chemicals mentioned in the RNS 5-6 years ago for a mystery fortune 500 company that then just vanished and we're never heard of again.

[owenga] 15/1/2024 09:53

650 is estimate for the year. Exit rate is estimated at 750 assuming io10 is brought on line before year end.

[owenga] 15/1/2024 09:52

We haven't been told the production rate for io9 chillpill, so don't assume.

[bocker01] 15/1/2024 09:13

Don’t CC mention exiting 2024 with a capacity somewhat in excess of that Chill; building up as it does,incrementally.

[chillpill] 15/1/2024 08:31

CC have production of 650t for 2024 but I don’t think they have much in (if any) for IO#10.

IO#9 is now at a production rate of over 100t pa.

[owenga] 15/1/2024 08:24

Sorry meant 700.

[owenga] 15/1/2024 08:22

I don't think we will be exiting at 750, maybe 70. New plants don't seem to produce anywhere near what the expect. I dread to think what io8 is producing. I don't think new plants are running at 100 tonnes per year.

[owenga] 15/1/2024 08:19

So are we looking at about 650 production for 2024?