Iofina Share Discussion Threads

[beercapafn] 07/6/2024 08:19

big overhang. got a quote to buy 100,000 at 20.75p, that's below the mid-price.

[rambo1122] 06/6/2024 15:38

2/3 months ???

[chillpill] 06/6/2024 10:46

Price kicker for me is confirmation of IO#11.
Sign that in next 2/3 months and it can be in production next spring.
That would be a great indication to market they can execute the growth trajectory the have indicated.

[rambo1122] 06/6/2024 07:14

Just so slow at doing anything

[beeezzz] 05/6/2024 17:57

It won't matter Iofina are invisible anyway, very few will notice...

[chillpill] 05/6/2024 08:22

They usually sneak in a couple of days of presentations around the AGM.

[beercapafn] 04/6/2024 10:15

Looks like the market is stuck till we get some positive news.

[rambo1122] 30/5/2024 09:34

New website...wow..thrilling How about 11 and 12 built at the same timeOr give lance the flick

[zendo102] 29/5/2024 20:09

If the new Iofina website gets an RNS all to itself, it strongly suggests there won’t be any major news in the near future.

Carry on everyone.

[serratia] 29/5/2024 15:18

Q1 update - Bulk price update - $63 /' 63 / 63/ 63 etc on 5k tpa line from last November. Chilean exports to April 4510 t vs 2023 4230 t. Up 280 t / 7%.Chilean production to March on the 80% I see 2024 - 3888 t , 2023 - 3740 t. Up 148 t / 4%.
The 5k tpa line into Europe to April - 2024 1764 t, 2023 1655 t up 7% / 109 t. Chile up, Japan down 24%.

UK running at 850 - 900 tpa. Someone took 40 t in December and 40 t in January from Turkmenistan at a $5 / kg discount $60. They had been buying from the Chilean agents in Belgium / Netherlands but stopped altogether. In February they only got 20 t from Turkmenistan so had to go back to the agents / Japan. They both obliged somehow with the same price, $72.5 / kg. Back to the Netherlands in March for a 24 t order at $66.

Salts - To make say KI you react iodine with KOH. KOH costs $1 / kg, Iodine $65 / kg. The production cost of KI compared to iodine rises as there's an extra step but falls as the potassium component is cheap. I haven't checked this year but last years average price for iodine from Chile to the UK was $59 / kg. The UK exported iodine salts to Germany at $50.4 / kg.

[rambo1122] 29/5/2024 09:03

Depressing ..give us some jam Tom Ffs

[madchick] 27/5/2024 11:57

PJL4 thank you for your good wishes. I felt optimistic after the presentation but I am by nature rather optimistic (why waste life being miserable when it's not yet necessary!). I love life over here by the Red Sea.

It makes me laugh when at the presentation they always ask if you feel the share price is undervalued. If the majority said it was overvalued they'd have no one investing and everyone selling. I can't really see the point of the question but maybe it's for marketing purposes

[pjl4] 27/5/2024 09:16

Thank you for the feedback from your notes, Madchick. Its many many years that we have held lots in hope of a better future! I seem to recall many years ago about you mentioning moving or being in another country. I hope it is going well.

[madchick] 26/5/2024 19:27

Just looking through my notes from the online meeting, so I thought I'd say some things here before I delete the notes...

1. They have a new project manager to oversee new plant construction. One a year moving forward. IO 10 will be 100-150 MT per year, one of best plants, like IO 9 (first time I've heard IO9 referred to as one of their best plants).

2. In addition to new sales staff, they've spent on research and development, and on a revamped website that should be completed in the near future. They hope the website will attract more business and they will make more use of social media too. They are already seeing new opportunities and are looking towards Europe and Asia markets.

3. They are looking at ways to control brine by having brine wells or by adding complementary business or product lines, but nothing imminent.

4. Future plants probably funded in part by debt; this is a good thing if well-managed. No dividend or buy-back envisaged at the moment as they are focusing on investing in expansion. Now is the time for expansion. Io 9 cost around 5.8 million and plants moving forward will cost over 5 million. Less than three-years for payback.

I enjoyed the presentation - I was happy they spent so much time on questions. I don't have the best internet connection but even from Egypt the site worked well and the voices were all very clear.

[beeezzz] 24/5/2024 17:30

What's the saying Sell in May buy back after St Ledgers..

[beercapafn] 24/5/2024 14:26

What a mess the share trading is today. Not following any sort of sense to the trades going through.

[beercapafn] 24/5/2024 09:11

Chillpill: Thanks for your constant flow of information, it is much appreciated.

[chillpill] 24/5/2024 09:06

Confirmation in the SQM earnings call the new water pipeline won’t be finished until 2026 at the earliest- delayed at least a year- all confirms the higher prices for longer thesis.

Seen nothing else recently on Cosayach whose mine expansion has been refused meaning imminent closure of a 2500t pa facility.

A fall of in the iodine price has been the biggest concern but being increasingly clear that isn’t a big concern. As SQM say the price could yet surprise to the upside.

[pjl4] 23/5/2024 23:24

Tut tut... how rumours begin!

[naphar] 23/5/2024 15:00

Beer, There is no departure of Lance so what would they mention….

[beercapafn] 23/5/2024 14:49

I thought the presentation was good. To have Malcome on the screen the whole time was a distraction.

Disappointed that the departure of Lance was not mentioned.

[chillpill] 23/5/2024 09:27

A mere 27 views so far.