Iofina Share Discussion Threads

[neddo] 25/9/2013 12:51

boggle
the times I nearly sold qfi at half of the present sp, glad I didn't.

[zoomydoo] 25/9/2013 12:43

Anyone know of a link to show the free float of IOF? Thanks in advance

[bogg1e] 25/9/2013 12:16

It depends whether they bomb Syria or not. Well we've got a double top on the daily chart, the share price may ease off a tad for today. I expect a lot more buying to come though, IOF will be creating a lot of exposure for themselves with the right people over the next fortnight.

[neddo] 25/9/2013 12:10

will the americans make a difference this afternoon, or when they get up

[king_roster_iii] 25/9/2013 12:03

Further to che's earlier point - its has just turned 8.00am in Chile - so SQM management will be choking on their breakfast burritos right about now :)

[king_roster_iii] 25/9/2013 11:48

mega tonnes :)

[bobsworth] 25/9/2013 11:46

Oh Dear!

"should be capable of averaging 200 tonnes/year of iodine" !!!!!!!!!!!!!!!!

where is the important words "million tons"?

Investec's update is not only badly written, it is so conservative!

[diggulden] 25/9/2013 11:20

An update from Investec, so so conservative still!


Broker Investec, meanwhile, suggests Iofina may have as many as 24 plants extracting iodine by end-2016.
At an iodine price of $50/kg, each plant adds US $20m of value (10/p share) versus a unit capital cost of US$2 -3m, the broker estimates.
Each can handle a throughput of up to 30,000 b/d and should be capable of averaging 200 tonnes/year of iodine (0.7% of global supply). Extraction costs are $10-20/kg, around half that of mined iodine in Chile.
Based on 18 plants, this implies a core, NPV-based valuation of 152p, including Iofina's chemical assets (15p/sh). A further two plants per annum beyond 2016 gives a further uplift of 75p, which is the basis of Investec's 230p target price.
This does not include anything for the Montana water project, or its deep-shale rights, while the roll-out can be self-funded.
"Should management hit its expansion targets, a valuation around 400p/share is feasible, in our view," adds the broker, which has a 'buy' stance.

[diggulden] 25/9/2013 11:17

Nice short term trade for you Bad Robot!

Will be interesting to see if Ennismore change their short position today... report gets released at 6pm so will keep an eye on the daily positions.

[rayrac] 25/9/2013 11:16

Got some @1.7525.

[bad robot] 25/9/2013 11:14

I sold on offer they munched my order.

I am quite happy with 20%.


Good luck boys

[m1das_touch] 25/9/2013 11:13

Hmmm, the 'IOFINA, THE NEXT AIM DISASTER?' thread is eerily quiet this morning...wonder why! :)

[chapv] 25/9/2013 11:01

hi eddy that graph looks a bit like one you used to jump off!!

[eddyeagle1979] 25/9/2013 11:00

Just the 20% then... Loving this!

[rayrac] 25/9/2013 10:59

It was a good report ffs!

[freshvoice] 25/9/2013 10:58

Maybe thee shorters are buying? LOL

[naphar] 25/9/2013 10:58

Ck, 15x what in H2 vs H1?

[rayrac] 25/9/2013 10:57

Can't buy the darn thing!

[bad robot] 25/9/2013 10:55

20.5% up 179p.

[bad robot] 25/9/2013 10:55

Bloody hell

177p offer it jumped 3p

[the librarian] 25/9/2013 10:53

I wouldn't rely on a backtest, there is some information on the water rights waiting in the background, there are a lot of oil companies in that area looking for just that type of opportunity. Hopefully 6/7 weeks from now all will become very clear on that non-core project.

[captain_kurt] 25/9/2013 10:49

The production forecast for H2 is for 15x that of H1....what is there to be disappointed in ? lol

[2 risky] 25/9/2013 10:47

Well if nothing else netley has stfu.a backtest of resistance @1.50 and a bit of consolidation....and i'm in again

[bogg1e] 25/9/2013 10:42

Yes, at first i was disappointed by the 700-1000 ton pa, but on reflection they are being conservative because the high ppm brine sources wont come online at once, so its best to stay low key but still truthful. I trust they will have the minipods fabricated and ready for use before their patent is approved. I hope the fact that they are truck mounted can avoid a lot of regulations that would slow their roll-out, such as land/building rights etc. A couple of 1-5000 ppm plus pods in the coming quarter or two would boost the 1000 ton pa estimate considerably.

[croc8] 25/9/2013 10:37

Good healthy response and the insti presentations will have only just started.Plenty of room being left for over-delivery I hear.No worries for us, but plenty for those Chile mines.