Iofina Share Discussion Threads

[beercapafn] 28/2/2024 14:15

Please, someone, explain how it is NOT a good idea that the BOD doesn't set aside a Million £ quid to soak up the gradual selling. We are sitting on millions of cash reserves, struggling to find avenues to spend on expanding opportunities of the core competencies within IOF. So rather than plant seeds.

Till we need the cash to actually expand operations Drive up the share price by aggressively engaging in a buyback program. A dividend just returns some cash to shareholders, and a buyback soaks up the sellers and produces a higher market cap to build a war chest for acquisitions using our strong balance sheet.

[beeezzz] 27/2/2024 15:25

Yep, its like watching seeds grow....

[uppompeii] 27/2/2024 14:16

Must be nearly 20 years you've been saying that!

[beercapafn] 27/2/2024 10:22

Lack of news, and looks like someone is trying to drive the share price down. + constant dribble of disillusioned sellers. MM are up to no good. IMHO.

[rambo1122] 27/2/2024 09:23

Wtf is going on

[chillpill] 26/2/2024 07:36

I haven’t found out any more information but last week there was localised flooding around Pozo Almonte the central hub of the main iodine production area in the Atacama.

It very rarely rains in the area and when it does everything turns to mud. Rain is what they fear most.

It looks like it will have caused some disruption to production during peak production season.

A few years ago a partially completed pipeline was wiped out by mudslides at the very steep edge of the desert. Took years to fix. No evidence at all to suggest that scale of damage but worth keeping half an eye on the weather as there is rain around for the next few days.

[chillpill] 23/2/2024 07:38

Other news from Chile pending….just firming up the info for a bit more clarity.

[chillpill] 23/2/2024 07:33

Cosayach are in regulatory bad books yet again. They have got another fine in last 48 hrs for illegal water extraction.

“The Regional Directorate of Water of the MOP Tarapacá determined to apply 4 fines of 175 UTM ($11,260,025 approx.) each and totalling $45 million to the company COSAYACH Caliche S.A. for failing to comply with the obligation to install and maintain a flow measurement system, extracted volumes, groundwater levels and transmit such data to the General Directorate of Water (DGA). The infringement is associated with 4 catchment works that have rights to use groundwater, located in the Hydrogeological Sector of Common Utilisation (SHAC) Pampa del Tamarugal. The regional director of Aguas, Felipe Tapia, said that "on January 15, 2022, DGA Tarapacá Exenta resolution No. 454 of December 31, 2021, was published in the Official Journal, which ordered groundwater rights holders with collection points located in the Pampa del Tamarugal SHAC, to register the catchment works in the DGA's MEE software, install a measurement system and then start the transmission of groundwater extractions for 4 differentiated standards according to flow (very low, lower, medium and higher) with defined deadlines for compliance Of the regulations." "This allows us to verify if the holders extract according to the right of water utilisation granted and, in addition, to have data to evaluate the status of the aquifer, which was declared a Restricted Area for new farms through Resolution DGA No. 245 of December 30, 2009," he added. In the case of COSAYACH Caliche S.A., for the controlled wells they apply the standard of medium and major work, with deadlines already expired to register the work, install the measurement system and start the transmissions. In that context, between May and June 2023, DGA officials verified on the ground if the values of the groundwater extractions carried out by COSAYACH for its production processes in 4 wells in the SHAC Pampa del Tamarugal, coincided with those reported by the company in the DGA MEE software. As a result of the investigation, it was verified that the company did not fully comply with the requirements established in article 173 No. 2 of the Water Code regarding the installation and maintenance of flow measurement systems, extracted volumes, water and transmission levels. So the DGA applied the sanction established in the Water Code, which was increased, since the wells are located in the SHAC Pampa del Tamarugal, declared a restriction area to protect the sustainability of groundwater.

[hopefullamateur1] 22/2/2024 10:51

I am surprised they aren't being a little more chatty to the market...starting to wonder if the next RNS will be the Q1 update in April

[beercapafn] 22/2/2024 09:06

I see lots of buys in advance of an RNS tomorrow. Not...

[chillpill] 20/2/2024 18:47

Incidentally in last 3 years, during late Feb and March Directors have actively bought shares in the market.

Might need an update on 2023 financials before they are able to buy this year- depends what the Nomad says.

[chillpill] 20/2/2024 18:44

Interest in AIM is a fraction of what it was.
I think once the Company can demonstrate a faster build rate the share price will respond.

We have all been a bit frustrated at the build rate over 18 months but hopefully now they have more resources in that area they can build one every 9 months or so.

They have a rock solid balance sheet.

[this_is_me] 20/2/2024 15:33

It is too small a company for institutions to be interested. It is not well known by private investors who often get bored easily and don't have the patience to buy and hold for years if necessary. Like any investment there is, of course, a risk.

[beercapafn] 20/2/2024 14:29

Question: Why is it so seriously undervalued "This is me"

[this_is_me] 20/2/2024 14:01

I don't see what the problem is with the way the company is being run. All the numbers are going in the right direction and the P/E is less than 6. that makes the comp[any seriously undervalued. When you see a company seriously undervalued just take advantage and buy more shares and wait patiently for a few years.

[beercapafn] 20/2/2024 13:42

How can we vote Lance off the BOD, and when is the next opportunity, please?

His involvement, in my opinion, is holding back institutional investors from participating in our future.

His £ 1 million misadventure into seeds was ill-advised, he should fall on his sword.

If you have ever met him, he is not shy to explain how many Pies he has a finger in.

Even convinced a long-term investor here in IOF, to sell up and invest in this next " Pot of Gold "

Time to fire him and get new blood same for the incumbent CFO.

[naphar] 19/2/2024 22:58

I think the MBO idea isn’t at all likely. I don’t think Tom would have the interest in doing so, let’s face it, he doesn’t buy many shares himself. And for some reason I just don’t see Lance going in that direction.

I think it’s more likely that we will see 50p+ when they start paying dividends; I think a (small) maiden dividend may not be that far away, but that’s just based on reading between the lines of discussion at the last AGM

[danwaits] 19/2/2024 14:36

Well, here's hoping I'm right then or maybe I'm just dreaming in the hope of getting most of my money back.

[gb904150] 19/2/2024 13:31

Well, if that is the case then we as PI's should feel reassured by the fact Richard Sneller and David and Monique Newlands own about 26% of the stock between them.

Premier Miton another 4-5%.

They can attempt an MBO but it will have to be at a price that is attractive to current holders.

[danwaits] 19/2/2024 13:06

I still have a few of these @50p.. I've no evidence, apart from the snail's pace of progress, but I strongly suspect this is being lined up for a MBO.

[beercapafn] 19/2/2024 09:28

No RNS ? Find that unsettling that they are dragging it out.

If they are waiting to sign up #11 then OK.

[chillpill] 17/2/2024 23:04

fft,

As has previously been discussed it was the change in volumes that could be injected into the SWD’s to stop earthquakes that had the biggest factor.

[pinkpudycat] 17/2/2024 20:02

Lance & his puppet need removed, then the company can progress!

[fft] 17/2/2024 08:30

Production from existing plants seems to drop off more than I would have expected. Probably a combo of plant maintenance but mainly lack of consistency in brine flows (volume and iodine ppm).Until consistent long term production can be seen (without having to build new plants just to keep output up, I think the company should concentrate on the chemical side.

[chillpill] 17/2/2024 08:17

A lot will depend on the speed of build of new plants.
They increased resources into the team that plans new plants last Autumn.

If they were to confirm the signing on another site in the next 2/3 months I think we could see a re-rate.