Iofina Share Discussion Threads

[naphar] 15/7/2024 14:01

Thanks Serratia
Ultimately, a tight supply is very reassuring

[serratia] 15/7/2024 13:08

Half year update.

Mixed results

The main line into Europe I follow - Run rate 2022 4631 tpa, 2023 4943 tpa. 2024 to June 4864 tpa. Chile up 61 t at the half year, Japan down 234 t. (Down 33%). As a guess Japan saves costs by shipping to India / China rather than Europe.
The Chile price in December 2023 was $69.74 / kg. This dropped to $63 in January 2024 and stayed there to May. In June it dropped to $57.14 / kg.
In contrast the UK imports are only to May as they're a bit slow. Imports from Japan followed the other trend and are down 12.6% by volume. Imports from Chile are up from 63.2 t to 156.1 t. Imports from Turkmenistan continue at 20 tpm. Import prices from Chile were at $66 / kg but in May rose to $ 71.8 / kg. Turkmenistan holding at $60 / kg. Japan price in May $89.7 / kg. Perhaps Chile / Japan are punishing the UK for importing iodine from Turkmenistan ? UK imports by volume are down 13.3% and Turkmenistan seem unable to lift their volume. Just guesswork but I'm told the market is tight.
The Chilean output I see to May is running at 15550 tpa. Last year to May was 16299 tpa. which confirms the tight supply. Perhaps the Chile / Europe price is an aberration for June ?

[p1nkfish] 11/7/2024 07:01

Thanks TD1.

I can't find reference that IOCHEM adhere to ISO 14001.
The others appear to. If that became important IOFINA would be NA #1 sustainable producer by volume.

[p1nkfish] 10/7/2024 21:50

They are #2 NA producer. Who is #1?

Have taken eye off the ball.

When I tried to confirm came up with, NA producers by volume,

400MT Woodward Iodine
300MT Compass Minerals
200MT Westmoreland Chem

[this_is_me] 10/7/2024 21:12

They have managed to more than double turnover in 5 years including 19% last year. I am more than happy with that rate of expansion.

The P/E ratio is still only around 5 despite progress in expanding the business.

[p1nkfish] 10/7/2024 17:25

3x 3 month average daily volume.
Price up.
Interesting.

[gb904150] 10/7/2024 11:20

No need to issue any new shares down here.

There's plenty of supply. Just not at this price.

Encouraging that Sneller took some more at those prices and that he now owns more than 20%. With the Newlands holding 7.5% too we have strong private investors who are hopefully thinking long term and won't be selling out easily or down at these lowly levels.

It would be nice if they could start outperforming, building plants more quickly or surprising on the upside with results though.

[p1nkfish] 10/7/2024 11:15

Someone is interested looking at what's going through compared to average per day over last 3 months?
Sneller again or another?
I hold. Don't post here often.

By end of day probably double daily volume of the last 3 months or more at 20p+ imho.
Not a bad sign.

[naphar] 10/7/2024 11:07

Can’t see that happening especially not at these prices. The company and current shareholders want the share price to rise, buyers buying in the market is surely the best way for that to happen.
I don’t think they have an aim to broaden the register per se, more like get more instis on board for the long term. Just my presumption from various discussions

[p1nkfish] 10/7/2024 11:03

If held so tight, and they want to broaden the register, any chance of share Issuance?
I know they don't need the Capital yet but how else to get any reasonable sized new holders onboard without major volatility?

[beercapafn] 10/7/2024 08:58

No. Not suggesting anything at this point.

[this_is_me] 10/7/2024 08:48

We should get a first half updade soon. You are not suggesting that could be the reason are you?!

[beercapafn] 10/7/2024 08:47

Very tight supply. Cant get a price on even 5000 shares.

[naphar] 10/7/2024 07:21

Gotcha.

Somewhat surprised not to have seen an rns this morning after yesterdays low volume causing that end of day spike.

[zendo102] 09/7/2024 22:07

Sorry naphar. I probably came across as rude in my last post.

To explain, there is an old rule of thumb in value circles that there is an inverse relationship between the number of posts on a bulletin board and the share price - the fewer posts, the better value a share is. The more posts, the more froth.

If I’d listened to this advice for this board, I could have avoided losses. It’s something I pay attention to now, thus my post.

[naphar] 09/7/2024 21:17

Well if you don’t wanna read posts don’t check in to read them!

[zendo102] 09/7/2024 19:58

10 days without a post and naphar has to go and ruin it!

[naphar] 09/7/2024 17:29

Surprising end to the day….. leaky bucket? IO11 news incoming, or just a bit of buying pressure with a cleared overhang?

[mrgorillaz] 04/7/2024 15:23

they would not be able to finance more plants anyway, it's a small company

[qsmeily456] 01/7/2024 10:40

Exactly

beeezzz

24 Jun '24 - 17:37 - 9010 of 9028
0 6 0
The time it takes to negotiate new sites is a reflection on the management not having the skills to fit the job...too many PhD's and not enough gumption..

[naphar] 28/6/2024 13:08

Maybe but I didn’t think that is his modus operandi, he could surely have asked for a seat on the board already and hasn’t.

[beercapafn] 28/6/2024 10:18

He might just be planning to change that. Just saying.

[beeezzz] 28/6/2024 09:28

He probably feels with a Mcap of just over £36m they are undervalued, he may have faith. However, the rest of the market has little faith in this management....