Iofina Share Discussion Threads

[beeezzz] 14/6/2024 10:28

With only 6 plants in use IO9 makes 7 so IO10 is 8, they say that IO9# will contribute...?

"This growth is attributed largely to the addition of the IO#9 plant, which commenced operations in the latter half of the previous year. Iofina operates six plants that extract iodine from brine water co-produced with oil and gas, with expectations to produce between 275 and 295 metric tonnes of iodine in the first half of the year."

We are looking at under 100t per unit.

[nellyb] 14/6/2024 10:15

chillpill, it is far easier for some on here to type on this thread, then go look management in the eye and tell them what they think of them.

[chillpill] 14/6/2024 09:26

All talk. No trousers!

Lance is highly capable and would definitely vote for him to stay. My only criticism for the board (as an outsider looking in) would be to push for continuing performance and improvement of KPI’s.


I think there are ways the management team could have executed better in the last couple of years.

[pinkpudycat] 14/6/2024 09:24

I voted against but so assume most didn’t bother voting.

[txi] 14/6/2024 08:22

I voted against

[nellyb] 14/6/2024 08:03

Did Pink or any of the anti-Lance Baller investors pitch up or use their vote, I've just read that Lance Baller got over 96% of the vote.... Amazing!

[bocker01] 13/6/2024 19:34

Cool! Hopefully a time for an in person intro and chat will arise! Always like your posts and it would be good to meet!

[naphar] 13/6/2024 19:09

I was also wearing jeans if it makes you feel any better 😀

[bocker01] 13/6/2024 17:19

No Naphar, the guy in the lift with me got off on the 9th. However, for identification purposes, I was sat at on the back row on the right and was the only person wearing jeans! I haven’t attended a lot recently because it’s tended to clash with a trade show that I exhibit at! All the best!

[beeezzz] 13/6/2024 16:45

A small dividend might at least reward investors, investing is about returns not another 10 years of waiting.

Maybe it should have been pointed out the share price was higher in 2010...

[naphar] 13/6/2024 16:18

Bocker I was sat on front row right hand side by the aisle. Was it you I came up with in the lift?

Txi good to see you both again…

[txi] 13/6/2024 15:14

Good report of meeting by naphar
I asked what they were going to do about the abysmal share performance, which created an interesting conversation which the board including the brokers took part in.
The response was that eventually the company will reap the benefits of it's current and future performance.
Overall an very confidant AGM
Here's Hoping

[naphar] 13/6/2024 14:54

Yes they did seem quietly confident.

Also don’t expect a listing elsewhere… expensive and again, better to invest for growth given the additional annual costs of moving to the US market. Value should, ultimately, come out in the end.

[bocker01] 13/6/2024 14:34

Seems a fairly accurate account to me, Naphar! And they seemed quietly very confident.

[madchick] 13/6/2024 14:33

Thank you, naphar. I thought I might attend this year and then I had a few unexpected bills and thought better of it, particularly since London hotel prices now seem considerably higher!

[naphar] 13/6/2024 13:56

Apparently there are some buyers out there happy to be soaking up some shares at this price level.

Apart from Richard Sneller and the Newlands, there are one or two other more recent shareholders, such that between them, RS and The Newlands, they hold a little over the 30% mark.

Whilst as a shareholder I may not feel so excited currently, the board said probably a few times that they are excited about the future and the growth opportunity ahead of them.

IO9 is currently at a run rate near the lower end of the 100-150mt level and there are ongoing plans with the brine supplier to get that up nearer the 150mt level. IO9 is a middle of the road cost per mt site currently and more brine will help bring it to a lower level in terms of cost per mt.

The board don’t feel they are far away from achieving the 1000mt level and my take was they expect to be there in next couple of years max. Would be interested to know if other attendees took the same messaging away on that?

[naphar] 13/6/2024 12:06

From my perspective nothing to be worried about but also, as I said to Tom, it feels like we are plodding along in a solid consistent fashion, and I didn’t hear anything to get excited about really (edit for context: meaning nothing to get excited about like 12 years ago when the share price went to £2.50 on the back of multiple plant rollouts and water projects, none of which had a particularly great outcome)… some promising irons in the fire for sure, but nothing they will be drawn on too much given past failings, I think they don’t want to create false expectations.

As was commented by others, the board look much more relaxed than say 5 years ago, understandably, and they certainly feel that way. Tom made a comment about $20m of debt being stressful (my choice of word).

That said, I still feel we are definitely undervalued at the current level, the board certainly agree but cannot control the share price. They have to keep growing the business and deliver on that. Tom did seem to note down some proactive audience suggestions re communications though.

Definitely do NOT expect a dividend any time soon.

Definitely do NOT expect any type of open market share buyback. If blocks of a few million plus shares became available, they would try to buy those if available for a reasonable price, instead of seeing them hit the open market.

[beeezzz] 13/6/2024 11:09

beer - Apologies, missed your post..

[beercapafn] 13/6/2024 11:01

Any highlights from the AGM, please.

[gb904150] 13/6/2024 10:45

Did the question get asked at the recent IMC online meeting? Surely that was a good, recent forum in which to do so?

[beeezzz] 13/6/2024 09:53

Is that not a question you should put at the AGM today....whether you will get a satisfactory answer is another thing...

[chillpill] 13/6/2024 09:49

Why has Iofina Chemical not been processing more product from Iofina Resources to generate greater margins?

[beercapafn] 13/6/2024 07:54

What would you ask, if you were at the AGM today. ?