Iofina Share Discussion Threads

[chillpill] 17/4/2024 22:06

I believe the new brine contract is with Amplify.

As some will remember that plant at the very beginning was doing high iodine output- some days producing 1t.
Production has dropped for several reasons including SWD reductions to stop the earthquakes.

This deal presumably incentivises Amplify to focus more on directing high ppm brines back to IO#2.

[beeezzz] 17/4/2024 17:29

Management really should be looking at improving efficiencies, also looking for new products from chemical side iodine supplements or something.

[dreamtwister] 17/4/2024 15:32

thanks for the link.....who else produces iodine or say on the London platform,

[gb904150] 17/4/2024 13:03

This one I think you mean?



Stocko says FY23 results out next Tuesday 23rd April.

Regarding the brine supply contracts - Tom explains that while that agreement was in the supplier's favour at the start of the contract, it was in IOF's favour towards the end of it.

The new contract is at a new market rate that is obviously now more beneficial for the supplier and will cost IOF a bit of profit in the short term, but over the course of the contract will probably even out.

Perhaps IOF recognise that one of the reasons brine supply has been poor is because this contract no longer works well for the supplier. They figure a win-win is agreeing to a new contract which offers a higher brine price (but lower margins to IOF) but will result in higher brine supply.

As ever, they are very conservative in their forecasts, but FY 2023 results I think will give us a much fuller picture.

I know this company is hated by many investors, but fwics they are making slow but steady progress.....and are cheaply rated as such.

Now if only they could start paying a divi and show they are investor friendly....

[rambo1122] 17/4/2024 11:29

There is a half decent interview out there

[beeezzz] 17/4/2024 10:07

Well there is a surprise, probably because they don't have any ideas how to increase growth, not even in seeds...

After TU very little interest showing one trade..today

[beercapafn] 17/4/2024 09:55

I support your idea, I tried as an individual and was replied to by Tom.

But it was a bland reply just saying we are investing for growth.

Would not tackle any real issues......

[jwoolley] 17/4/2024 09:42

What's the thoughts of someone that can write well enough, (just saying, your disgruntled description sendean11 was far better than mine) to put together a letter/email, that us as shareholders can send individually to management with the number of shares we hold to express our concerns and disappointment of how they are running the company and lack of information given to shareholders??

[beercapafn] 17/4/2024 09:30

I was just typing the same thing.

[barrywhit] 17/4/2024 09:25

I can’t believe Lance has followers!!

[captain_kurt] 17/4/2024 09:00

Lance is starting another mining company. His followers are no doubt selling iofina stock to put money into his new venture pre listing

[captain_kurt] 17/4/2024 08:40

Someone dynamic driving the business forward in multiple commodities with near term revenue like this guy

[pinkpudycat] 16/4/2024 20:50

I would suggest SR is not best pleased with today’s update and with good reason. No doubt they are looking at options now, they won’t stay silent for long when things aren’t going to plan!!

[chillpill] 16/4/2024 20:39

Agree it is strange we don’t have an EBITDA for last year. CC have $10.8m. I was surprised with their EBITDA figure but I now know where they are coming from.

CC indicate the EBITDA figure is based on a $60 iodine price when it is currently 10% higher.

Production is expected to be 90t higher this year- not sure that the includes anything from IO#10.

I think with their expanded planning team they are expecting a new plant every 9 months going forward.

[owenga] 16/4/2024 18:10

More to the point, we've now been given a forecast ebitda for 2024, and we still don't have an up to date estimate for 2023. I thought we were expecting about 15m ebitda. So 2024 estimate looks terrible given we have a new plant on line in the next few months.

[owenga] 16/4/2024 17:42

Very disappointing ebidta forecast for year. Let's hope they are being very conservative with that number. And so bloody slow building new plants, basically one every 18 months, and they announce the extra royalty costs after share price has already dropped 50% from lack of any news. This was 38p 12 months ago. As every new plant comes on line we seem to get about a 50 tonne increase per year. It's never anywhere near 100-150 as expected. It's hard to keep the faith here!

[beeezzz] 16/4/2024 17:01

tack - Yep, otherwise there is nothing in this company for PI's, its not creating enough growth to attract new investors.

[tackems] 16/4/2024 16:07

Hopefully Beeezzz but would prefer a maiden dividend and they could still have reserves for growth.

[beeezzz] 16/4/2024 14:43

Sellers return, no change steady as we go, when buyback or dividend..

[jwoolley] 16/4/2024 09:19

Another lack luster update that will no doubt result in further lack luster share price action, along with the lack of new investors or current investors buying in my opinion.

I really feel the management needs to change. Lance needs to go and Tom needs to be moved to the side and some fresh energetic blood needs bringing in.

[beercapafn] 16/4/2024 09:12

Now more buys than sells - and still off 12%. don't understand that. !

[beercapafn] 16/4/2024 08:43

Obscene spread. 3p, 15%.

[chillpill] 16/4/2024 08:42

On the price SQM(the price setters) have said the price will remain at these levels all year.

With Cosayach losing 2500t pa production in coming months and SQM plant opening, to effectively replace this production down the road, delayed in the courts it feels as if there is more upside to iodine price than downside right now.

[naphar] 16/4/2024 08:26

That’s a very good and fair point on the royalties vs. brine supply Severn.

If agreements are due for renewal, they need to pay market rate, not really any avoiding that and securing the brine is most important. My frustration was more that it’s a forecastable event, so I would have thought Canacord would have had it in their estimates given they are guided (or so I thought) by the company.

Anyway, these must be the brine agreements that were on a fixed $ royalty (of some sort, per unit I would guess). Hopefully now they are on a percentage of revenue type agreement, I would hate a fixed $ per unit royalty at these iodine price levels, just in case they were to come crashing down again at some point.