Iofina Share Discussion Threads

[captain_kurt] 11/9/2013 14:13

On the way to 750p more like imo
:@)

[che7win] 11/9/2013 07:14

TFC,
It's actually from the company Annual Report and Accounts 2012, probably around end of May.

hxxp://www.iofina.com/perch/resources/Iofina_plc_-_2012_Annual_Report.pdf

[pcjoe] 10/9/2013 22:26

Not a CF note that one Che? - Far too concise, focused & well written - If it actually is, then we can safely assume that CFs infamously badly drafted RNS was penned as a deliberate "curve" ball to allow our new CEO to deliver the "Ping" from the low base/expectations created.

With regard to the new CEO, and with the above note in mind, I dont think that the BOD & sundry management team will be looking for some Gung Ho, ball breaking "Name" to rock the boat - I figure L & the rest will still want a very strong influence & the last word over which direction the company takes - The city may be disappointed with whoever is named but a high energy, competent team player of the up & coming variety is likely what is required here -

Someone with a proven record of delivering O&G plant/well roll out, on time & on cost - quite possibly well connected to or even previously employed by one of our major JV partners?

[the fat controller] 10/9/2013 22:03

Che7win,
What was the date of that note please?
Tia, TFC

[che7win] 10/9/2013 21:52

Superg,
Thanks for that.

For those thinking we need a CEO for the rollout, a reminder:

Our mid-stream iodine production technology has now matured to a level where we can confidently build several units concurrently for rollout in selected areas. In this context, the IO#3 plant, which has been delivered, has been re-directed from the IO#1 area to the IO#2 area on economic grounds and will now be installed in close proximity to IO#2. IO#4 will also be installed in this area and will start construction three weeks after IO#3, using the same contractors. This is cost effective and more efficient. We plan to install IO#5 in this area as well. We have modified our business plan to focus on targeted geographic regions where the Board sees many plants being built, operated more efficiently, and producing more favourable economics. By moving IO#3 we will have a higher production rate due to a higher temperature from direct well supply. In addition, such is the confidence in our technology, we are finalising the design of smaller mobile satellite IOsorbTM units to deploy where we have lower brine throughputs but high iodine concentrations. These units will deliver iodine intermediately that will then be processed at the nearby larger plants such as IO#1 and IO#2. Specific project teams have been set up to manage the rollout of additional plants and the mobile units. Iofina has in place a broad depth of experienced personnel who have learned greatly from the IO#1 and IO#2 plants and will lead these efforts.

[superg1] 10/9/2013 21:39

Che

That's the way iochem work (Toyota Tsusho), they drill their own wells, but somewhere in the deals p'd off the land owners on the deals.

They are struck fast as you know as their tech is restricted for new sites. The talk is they are in decline now and injecting waste brine back into the supply level to keep pressures up.

[che7win] 10/9/2013 21:19

Superg,
Would buying a closed well be a way to circumvent the recent patent? On the face of it I doubt it as they would still be contaminated with hydrocarbons.

[the librarian] 10/9/2013 20:51

The job spec of a CEO is quite standard hence I understand some of the comments that it is not important ... just an example.

Anyone taking the reins at IOF will be hard pushed to improve on what the whole team has been continuing to do over the last few months. It's all mapped out and rolling out with a good team built and building, I would guess there are a lot of rising stars at IOF.

[superg1] 10/9/2013 20:40

Robo

Some very experienced guys very well known in the sector have no concern at all re CEO timings, me neither, it's just a common topic that some seem to go on about, hence the 'chat'.

CF was covering and a new CEO will be announced at some point.

Cyprus points out a good list there, For those in various positions that post here, what is your timeline to give notice, get references, checks by your new employee etc.

IOF are not sitting around twiddling thumbs, waiting for a new CEO to direct them.

[noli] 10/9/2013 20:40

We wont have to wait to long now, most shares are news driven and iof are no different. What we have that many do not, is many strings to our bow and any one could come up trumps and thats without iodine.

News should be on the way, for me i would like to get 2013 over, then we should be news driven from then on with a plant going in every 60 days. The company state 6 plants, they will be a mix of iosorb and maxsorb for the 6, then we will also have the hydrosorb and mobile units on top of them.

There is no need to worry about what price you paid for shares over the last few months, if you believe iof will rollout the business plan with plants, then add the water revenue in, if you believe again like i do its on its way, then why worry. With the above on its way, do you really think we will be around £1.40 or lower, not a chance in hell, time to wake up and small the coffee imho.

[cyprussteve] 10/9/2013 20:21

I take your point, Roboben, but, I would simply add that as a relatively recent investor here - about 2 weeks ago - if the share price continues to fall, I will see it as a buying opportunity.
Doubtless all will become clearer on 25 September.
Ciao
Steve

[roboben] 10/9/2013 20:16

CyprusSteve - I agree wholeheartedly but the fact remains that, whether we like it or not, the market sees a company without a CEO as a rudderless ship and will hit the share price accordingly. (As we have seen here.) Not a great problem for long term investors here who actually understand the situation but galling for those who bought in at a much higher price and are nursing substantial losses when they feel that the fall has been significantly overdone.It's all very well for those of us in profit, but I do feel for those nursing losses. I have no magic wand but just want to emphasise again that there are several outstanding researchers on this board. None of them is raising concerns about how the business is progressing. If you're here long term that's what really matters. The share price will eventually catch up with reality. That should start to happen before October arrives!

[cyprussteve] 10/9/2013 19:59

Why all this worry about the CEO ? - the business plan is very well established and not difficult to manage now it has been set up by his predecessor - the quality of the new CEO is FAR more important to me than the speed at which he is recruited - and many factors come into play here - notice period, previously agreed obligations, limitations contractually imposed by the new persons previous Company if in a similar business etc.
It will happen when the Company announces, and we can form our opinions then.

[joeywald] 10/9/2013 19:51

SG

I agree - the business case is compelling. The lack of news is just a little frustrating at times, particularly as regards the CEO. Anyway, I look forward to the (hopefully) positive stream of news about to begin.

[superg1] 10/9/2013 19:06

Joey

Just a sound off to make it clear that it does not seem to be an even playing field (as Scrut says). I've noted it on many shares, I just happen to post here.

The simple fact with IOF is the business plan and prospects combined with delivery. Ultimately the delivery is achieved by the company, not the nomad.

On the IOF front things look good, and our experiences re the market in general, whether misguided or not, are irrelevant.

It's pretty common knowledge that insti's don't like too much news being out there and maybe that is a good thing. I fully understand why many seasoned investors steer clear of the AIM, it's too much hassle.

However I'll be sticking at it on the AIM for the foreseeable future, as through hard work one can see through the fog.

I fully expect significant growth in Iofina over the next year and beyond, I have no interest in the short term views or fluctuations. There are plenty who left at 30p and 40p kicking themselves. RHPS said bail out in the 60's, Fat prophets said sell half shorty after (due to the high capital costs for miners, I presume they looked at Chile methods of mining iodine ? silly sods)

Looking well down the line, I can see the circle doing it's full turn where IOF pick up cheap leases of their own to open up old wells for iodine. After all that was exactly what the plan was with Atlantis, but the ppm levels and gas levels in Texas and OK are much better. it would all depend on cost of royalties v running your own wells. There will be plenty of iodine rich, shut in wells around.

The way forward for now though would seem to be 3rd party deals, until IOF are firmly set in the iodine business.

The fact is IOF plan to have 6 plants running over the next few months, which is a whole different ball game compared to H1 this year, or H2 last year.

The whole point of investment in the AIM is the future prospects. Here we have a business plan and mappable intent over the next few months.

Other AIM's have higher MC's with potential events in a few years time, that may bring them revenues, and then not to the level I can see here. Jam tomorrow shares.

This isn't a miner talking about resources in the ground with no cash and huge costs to ever get to producing the stuff never mind making money at it.

I remember a few years back being goaded by some 'experienced' investors over my lack of interest in a gold company or two, they were just under a penny then, and they are now a fraction of a penny. Exploration and finding of great prospects is fab, but at some point the cheque book has to come out, and build the infrastructure to exploit the resource, and it is hugely expensive in most cases.

Best steer clear until the transition period of promise to delivery looks in play. That's exactly where IOF are, with costs way below anything similar in the industry.

[joeywald] 10/9/2013 18:29

SG

I look forward to being proved wrong (and so does my SIPP) :)

[scrutable] 10/9/2013 18:06

sorry again

[scrutable] 10/9/2013 18:06

sg
as one of those long in the tooth your post re nomads is exactly right: that nomads are there to serve the purpose of keeping the playing field uneven..

There is a solution if the company has the will to use it. Through a company news letter on its web site, begin to trickle almost daily subliminally low level news about everything that is individually not SP-affecting on its own and cannot be criticised because it looks ineffectual:stuff you could pick up over coffee that was nor breaching insider sensitivity; stuff about products and their uses. Photos of a client in country X using a derivative. Quotes from customers and staff; pictures of someone boarding a plane; an advert for someone with prilling knowledge and a description of prilled iodine; of how iodine gas is used in the etching of screens; pictures from a road show or PI presentation; of the new style fabrication process;of large bits of IO4 being unloaded at the docks; news suggesting staff skills or management talent, of a new trainee etc etc. Obviously anything helping competition would be filtered out.

If there was enough of it, an informative picture would form from the whole, which could depict company progress in inches per day to define progress in miles per month or leagues per year without any individual piece of news looking significant enough to affect the share price.

It could be done by a designated young trainee with college news paper experience from an office next to the CEO. It could and would redefine IR/PR and negate the advantage enjoyed by institutions who receive constant messages of this kind from close insider contacts, which are also small enough to avoid corruption charges but nevertheless give institutions a ringside seat.

Lots of people could do this, Answana, noli, sg, librarian, worraps etc I can't list them all they are legion. Anyone who can post interestingly here without an agenda could do it. Even PIs posting here could talk to the company perhaps through one or two PI representatives. Nothing needs to be disclosed that is individually sensitive such as a price or a quantity, or a blunt change of policy but these pixels of news could keep us up to date as we want to be.

[superg1] 10/9/2013 17:21

Joey

Save that thought until the results then you decide.

It seems to me that many may consider results may be significantly affected by early production issues, judging by some posts.

It seems fairly common to me that trading updates come pre year end, whether they are down, up, or in line with expectations.

I did ask IOF why re no trading update. It seems they have tried, I'll leave that bit there

I understand the nomad is pleased to have increased insti holdings v prior retail holdings.


Talking on shares in general it is common for investors in the right place to try and get a well placed A. N. other to push/tip the share, so they can exit.

It's a murky world, and that's why I keep saying DYOR. I found all that out on another share in some detail, hence the more a share is tipped by the masses (tip sites etc) the more cautious and suspicious I become. Best to seek out your own investments, than rely on the mass of misinformation out there.

[rogerbridge] 10/9/2013 17:18

I agree with you SG, post 8124.
I was reading some literature from a large investment company and the manager was explaining how vital the company visits are. Visiting the companies give us the edge. I can remember his exact words but he said there is no money to be made waiting for an rns, the company needs to be invested before everyone else knows.

[meadow2] 10/9/2013 17:15

Well, I can see the Nomads censoring rns's as you both suggest, but if the company insists it can surely issue a 'benign' trading statement? Or should I say a straightforward trading statement in order to keep everyone up-to-date!

[joeywald] 10/9/2013 17:05

Forgive my naivety, but is it being suggested that the Nomad is suppressing positive trading information to "look after" II's at the expense of PI's? If so, why does the the share price continue to fall? Sounds like twaddle to me.

What we need, quite simply, is hard (and hopefully positive) information about the CEO, production and roll out. Bring it on! No more "nods and winks" as Sparrow correctly calls it.

[superg1] 10/9/2013 17:04

Meadow

Worth a read just to show how things can go wrong. No reflection of the here and now of course and water under the bridge, it just shows how things can go wrong.