Iofina Share Discussion Threads

[beeezzz] 16/7/2024 16:46

You can bet those looking for an exit price will be selling into any rise, its just simply not been managed by a professional business team, just bunch of ex uni boffins where there is always tomorrow attitude....

[activmojo] 16/7/2024 08:13

Very positive outlook. Normally they point out any down side now you have read between the lines to find one 👹 This has to be a strong buy at this point in time. I like the potentials of additional brine to these plants, that adds to the bottom line very nicely and should be an RNS on its own.

[naphar] 16/7/2024 07:15

Owen’s fully agree, although I would defend IO9 a little and suggest a) it isn’t now doing much more than 100 a year run rate, it was below that in Q1 I think, so 35 total increase isn’t too bad, and 2) some of the others may of course have dropped a bit

[owenga] 16/7/2024 07:04

So with one extra plant operational compared to last year we produced an extra 35 tonnes of iodine. Well off. The 100-150 mark for full year even though second half should be better.Otherwise all looks pretty good, pleased with the second half production estimate.Great to see iodine prices have stablilised mid 60s and might even go higher second half with tight supply.Current market cap is ridiculously under valued for a growing company making profits and with positive cashflow.

[chillpill] 16/7/2024 06:43

Canaccord expect production rate to hit 1000t pa before end of 2026.

[p1nkfish] 16/7/2024 06:40

"By executing our growth plans combined with the encouraging news in the expected strength in iodine prices, we are excited by the outlook for the rest of the year."

says it all.

[chillpill] 16/7/2024 06:40

Looks like they are trying to get more supply to IO#2. In the early days it was producing over 200t pa.

All looks good and positive pricing should run not next year. We have the Cosayach plant expecting to close this year and the SQM water pipeline not coming online until at least Q2 2026.

[this_is_me] 16/7/2024 06:21

It looks like the road map to doubling production from 2021 levels is on track. A cash positive growth company should have a much higher rating - seriously undervalued.

[lostsole] 16/7/2024 06:01

RNS outIofina PLC - H1 Update #IOF @iofinaplc https://www.voxmarkets.co.uk/rns/announcement/c82dd367-a50f-40f3-ba18-3f4ca2506ace #voxmarkets undefined

[naphar] 15/7/2024 13:01

Thanks Serratia
Ultimately, a tight supply is very reassuring

[serratia] 15/7/2024 12:08

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 06:01

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 20:50

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 20:12

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 16:25

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

[gb904150] 10/7/2024 10:20

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 10:15

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 10:07

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 10:03

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 07:58

No. Not suggesting anything at this point.

[this_is_me] 10/7/2024 07:48

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

[beercapafn] 10/7/2024 07:47

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

[naphar] 10/7/2024 06:21

Gotcha.

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