Iofina Share Discussion Threads

[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?

[bocker01] 15/1/2024 08:18

I thought they say said that IO9 is now where it should be Owenga and has been since mid Q4? Exiting with 750 tonnes capacity seems ok to me.

[owenga] 15/1/2024 08:17

Did we? I didn't.

[chillpill] 15/1/2024 08:16

Owenga- we knew they hadn’t started building IO#10.

[chillpill] 15/1/2024 08:15

If it’s like last year we might get a financials update in 2-3 weeks time.

I think CC figures might be on the light side again.

[owenga] 15/1/2024 08:13

Ok update, but too many negatives. Still doesn't seem like io9 is doing very well based on production numbers. Looks like io10 pushed back a quarter to production. Why haven't they already started building it. Iodine products mixed. Iodine price dipped slightly.Only real positive was non iodine production related to semi conductor chips has had a good second half.

[naphar] 15/1/2024 07:55

Also happy to have what feels to me like more insights into chemicals (albeit high level)

And no doubt some will be unhappy not being told the year end cash position, which to me, is a little useless without knowing other working capital items

[naphar] 15/1/2024 07:53

Happy enough with that especially as IO10 groundwork’s are starting this week, hadn’t expected that given we were still awaiting more detailed timelines following the October announcement. Although original go live timing was mid year so timelines may have slipped a bit givin in October they told us mid year, maybe not though as July could be both, I reckon they are just saying Q3 to protect themselves from delay risk….. if they deliver startup in July then result!

[chillpill] 15/1/2024 07:45

Canaccord say they should finish the year with an annual production rate of 750t.

By the time they get IO#11 and 12 built they should be close to 1000t pa.

CC don’t seem to have picked up on the Cosayach mine problem.

[chillpill] 15/1/2024 07:42

All looks steady as she goes to me.

The biggest thing is iodine prices are stable so it is all about ramping up production.

If they can get IO#11 signed and built by March/April next year they will probably only be one plant away from that 1000t pa.


Also putting more products through IC should mean greater profitability.