Iofina Share Discussion Threads

[chillpill] 15/4/2024 18:33

The only thing that looks to be “up” is that the seller has finished. The shares traded of 983k is similar to other days recently.

We know there will almost certainly be a production update this week and also the data available to us- temperature, well volumes and iodine price suggests a very solid quarter.

[beercapafn] 15/4/2024 13:21

The 13 - 123 - 1230 buyer is having a real push this afternoon if you follow the moment-to-moment real-time share buys. Go - go - it is working.

[beercapafn] 15/4/2024 12:53

Looks like somethings " up "

[barrywhit] 15/4/2024 10:39

Large buy at 23p @ 10.11....225k

[chillpill] 15/4/2024 09:07

Fingers crossed the seller of the last few weeks is done.

[severnof9] 14/4/2024 18:57

Hi Chillpill

Re post 8732. Thank you for sharing. It is much appreciated.

[naphar] 14/4/2024 18:37

Wes tomorrow given Fridays end of day uptick? Or was it just the shorters closing thinking they pushed their much far enough?

[chillpill] 14/4/2024 07:11

Spot iodine price has rallied to where it was 6 months ago. Gone up 6% in last 6 weeks.

Severn- I was looking at the SWD volumes on the OCC website where I can see 4 of plant water volumes. IOF have good exposure to some of the highest volume wells- post restrictions. So being around existing SWD’s is limited.

The highest volume wells are around 18k bpd including Rio Grande. Longhurst (IO#2) is around 14k per day.

IO#9 is completely different in that is in an enclosed system so isn’t affected by SWD injection rates. It has a 25k capacity. The plans are on the OCC website too. It is in a new drill area to ensure max plant life.

[beeezzz] 12/4/2024 16:19

Lot of B&B there...not surprising...

[beercapafn] 12/4/2024 15:36

Well, that was an interesting trading day.

12-Apr-24 16:35:22 20.80 8,000 1,664 UT
12-Apr-24 16:29:21 21.12 2,500 528.00 O
12-Apr-24 16:28:36 21.00 13 2.73 O
12-Apr-24 16:24:03 20.948 50,000 10.47k O
12-Apr-24 16:23:49 20.9242 50,000 10.46k O
12-Apr-24 16:20:58 20.56 13 2.67 O
12-Apr-24 16:20:15 20.10 6,415 1,289 O
12-Apr-24 16:19:14 20.56 13 2.67 O
12-Apr-24 16:09:47 20.445 50,000 10.22k O
12-Apr-24 16:01:26 20.24 50,000 10.12k O
12-Apr-24 15:49:47 20.26 13 2.63 O
12-Apr-24 15:38:29 20.26 2,786 564.44 O
12-Apr-24 15:27:48 19.51 2,786 543.55 O
12-Apr-24 15:01:46 20.30 241 48.92 O
12-Apr-24 14:14:16 20.34 13 2.64 O
12-Apr-24 13:09:26 19.655 189,909 37.33k O
12-Apr-24 13:35:34 20.34 13 2.64 O
12-Apr-24 13:28:21 20.34 13 2.64 O
12-Apr-24 13:27:30 20.20 10,000 2,020 O
12-Apr-24 13:14:20 20.20 13 2.63 O

[beercapafn] 12/4/2024 13:18

there are 191,000,000 million in issue don't think buying or selling a few 100,000 chunks is an issue

More concerned about the reasons.

[captain_kurt] 12/4/2024 12:37

100k sells keep getting thrown.

Chances are some negative news in operations is forthcoming ?

[jacks e4] 12/4/2024 06:57

Hi All, have been a holder here over 2 years now :-( very suprised we down at 20p again but the 19p support looks to be holding thus far.If they try another shake out sub 19p i will doubling my holding ( will take me to 300k ).

[beeezzz] 11/4/2024 15:01

I expect operational costs have also increased which may count balance any increase in iodine prices..

[severnof9] 11/4/2024 14:09

I share the same outlook as Chillpill in respect of quarter 1 and overall trading.

The price per Kg of Iodine is favourable and the latest company updates are pointing toward a positive future for iodine production in my view.

I particularly like these extracts from the Q4 Corporate update

hxxps://iofina.com/q4-2023-corporate-update/

"Demand for the Company’s crystalline iodine remained robust during the final quarter, whilst sales of iodine derivatives had mixed results. Regarding non-iodine products, sales of a key product mainly used in the semiconductor industry improved significantly in the second half of the year after a slower-than-anticipated first half."

"In terms of new products, Iofina Chemical will be adding to its iodine derivatives product range in H1 2024, including an existing product in the market for which there is strong demand. The Company also expects to increase sales of its crystalline iodine to customers in Europe in 2024 through existing and new relationships."

I read somewhere this week that IOF iodine sales to Europe make up 1% of iodine sales by geography with the vast majority going to the US and Asia. If sales can be generated in Europe that should help with turnover from increased iodine production.

I have steadily purchased shares this week using up my 2024 ISA allowance on this unexplained dip so hoping for good news to come.

Chillpill

I know you state you have taken a recent deep dive into IOf regarding delays in the roll out of sites and I also note the reference to IO9 not being reliant of SWD due to its design. Any insight you can share on these comments would be appreciated.

Many thnaks

[zendo102] 11/4/2024 09:38

I still think we’ll get a production update - perhaps tomorrow - it was on the 12th of April last year. Yahoo finance is showing that the IOF earnings update will be reported on the 23rd April. They are two different beasts, so it’s not odd that they are so close together.

[meb123] 11/4/2024 09:02

But for how long that is the question.

[festario] 11/4/2024 08:54

Bouncy Bouncy time!

[festario] 11/4/2024 08:54

Bouncy bouncy time!

[chillpill] 11/4/2024 08:23

I’m feeling pretty relaxed on production in Q1 and overall trading. IO#9 is quite novel in its design in that it is not restricted by SWD injection restrictions.

Slightly frustrated on the comms side as they didn’t give a pre-audited year end trading update.

[beercapafn] 10/4/2024 17:18

This will only appeal to a certain age group.
A friend was in a line of about 12, in a Starbucks coffee shop at a London train station.  As was the practice some years ago, the barista asked the name of the person ordering at the counter, to facilitate the smooth pick up of the correct order to the correct individual. Sensible right?

But, there was a Dad's Army fan 4 people out from the counter. And as the Barristers said what's your name the man at the front of the queue, leaned out of the queue and said in a loud and Captain Mannering tone, DON'T TELL HIM PIKE.

It was a moment of pure English humour.

At least half the queue burst out laughing, it was just so in the moment.
I know that some on here view my comments as repetitive and not in their view relevant.  Boring.

So this is just a nod to that I do have a sense of humour.

[beercapafn] 10/4/2024 16:53

If it is it is a Dads Army quote. We are Doomed lad'ies we are Doomed.

[barrywhit] 10/4/2024 15:59

beercapafn, lets hope the overhang is not Richard Sneller getting fed up with progress...