Iofina Share Discussion Threads

[chillpill] 21/3/2024 08:45

First time in 4 years Directors haven’t bought in Feb/March trading window.
I’m disappointed they haven’t given an update on the pre-audit numbers.

Waiting until May/June is too long in this day and age.

[rambo1122] 21/3/2024 08:27

Marvellous..just a marvellous week

[rambo1122] 18/3/2024 08:13

Another week off nothing no doubt

[naphar] 15/3/2024 18:34

Beer did you go to the last AGM?
When did they say they set aside a million for buybacks from small investors? In the open talk or afterwards 1:1? It’s not something I recall at all!!

[beeezzz] 15/3/2024 17:58

Lets hope they announce a dividend with results, I know its asking a lot...

AGM will offer the same old tripe...

Beer...I would like to know what business model they are already working too, because its not working....

[beercapafn] 15/3/2024 14:42

Nellyb: Mobility issues, but thank you for your kind enquiry.

[rambo1122] 15/3/2024 13:02

Where they tell you what you want to hear

[nellyb] 15/3/2024 12:50

beer, i presume you will be going to the next agm?

[madchick] 15/3/2024 11:32

They are also looking to acquire a value add.

[gb904150] 15/3/2024 10:45

In a 5-6 weeks we will get FY23 results. I suspect they might make us look rather cheap.

So I'm happy waiting at least until then to see if operationally thing are good and as we know, our commodity price is already significantly stronger than it was only a few years ago.

[beercapafn] 15/3/2024 09:44

What is going on. ?

Something is wrong !!!

We hope the money is piling up, but.

Lack of news, transparently and openly promised at EVERY AGM, is just not happening.

Lack of information, news, and forward plans.

Good or bad.

This has led to a collapse in the share price and market cap of 36%

192 million shares in issue X 36P = 69 million
192 million shares in issue X 23p = 44 million

That's a drop of 25 million.

Back at the AGM Tom stated that they had set aside 1 million for buybacks, to protect the share price from some small sellers affecting the share price.

The BOD, for some reason (I suspect they have some aspirations of M&A ), has presided over a huge drop of 25 million in the value of IOF in any such venture.

They have proved that they are incapable of finding new Brine at a rate to use capital accruing.

So, I agree that a change in the business model needs to change.

But I don't believe the current BOD have the skill set or breadth of experience to convince the market of that.

And most definitely not with ANY involvement of Lance.

Bit of a rant, but very frustrated at the lack of information and drop in Share Price

[beercapafn] 15/3/2024 08:55

I would assume that a BOD that set aside a million quid would be aware of those rules Chillpill, unless they were ringfenceing the money for some other purpose.

[chillpill] 15/3/2024 08:39

Beer- just to be clear a company can’t just go into a market and bid up the shares- they have to be aware of the market manipulation rules.

AEP and MPE as an example have active share buybacks in place

[chillpill] 15/3/2024 08:31

I have a feeling things are probably going very well at the operational level.

Am intrigued to know what their timeline is for IO#11.

[beercapafn] 15/3/2024 08:12

What is going on. ?

Something is wrong !!!

We hope the money is piling up, but.

Lack of news, transparently and openly promised at EVERY AGM, is just not happening.

Lack of information, news, and forward plans.

Good or bad.

This has led to a collapse in the share price and market cap of 36%

192 million shares in issue X 36P = 69 million
192 million shares in issue X 23p = 44 million

That's a drop of 25 million.

Back at the AGM Tom stated that they had set aside 1 million for buybacks, to protect the share price from some small sellers affecting the share price.

The BOD, for some reason (I suspect they have some aspirations of M&A ), has presided over a huge drop of 25 million in the value of IOF in any such venture.

They have proved that they are incapable of finding new Brine at a rate to use capital accruing.

So, I agree that a change in the business model needs to change.

But I don't believe the current BOD have the skill set or breadth of experience to convince the market of that.

And most definitely not with ANY involvement of Lance.

Bit of a rant, but very frustrated at the lack of information and drop in Share Price

[pinkpudycat] 14/3/2024 12:30

I don’t know how achievable that would be but it isn’t realistic with the current management team, we will be back into single figures overnight!

Change the team, review the plan!

[rambo1122] 14/3/2024 09:58

Agreed...so why don't they ?

[rambo1122] 14/3/2024 09:32

I'm in for sure

[beercapafn] 14/3/2024 06:10

Well said Activmojo. I wonder how many on here will agree, and openly say so. I know Pink will.

[activmojo] 13/3/2024 19:14

There has nothing happened in IOF of significance for some time. If it wasn't for the strength in iodine prices it would be dire. The plant rollout has been glacial and lost revenue because of that is significantly down. The AGM is time for change I can count on 5m votes to remove Lance Baller. We can't expect this BoD to do anything different change is needed. Time for change

[rambo1122] 11/3/2024 16:46

I'm just hoping there's a pulse

[beercapafn] 11/3/2024 16:24

Yes, Dreamtwister. I don't want news, I want blockbuster news—material progress in how the company is progressing.

If the company can't produce a result in the past 13 months with double suooth

[dreamtwister] 11/3/2024 13:04

bring on the new financial year onwards & upwards.