Iofina Share Discussion Threads

[che7win] 25/9/2013 21:00

Really couldn't ask for more on the chemical side, any interesting things said on that retiree?

Iofina Chemical
Iofina Chemical continued its strong performance in H1 2013, with record sales for the period and a greater than 50 per cent sales increase from H1 2012. April 2013 showed the highest single month revenue in Iofina Chemical history at over $3.76m. H1 2013 also showed a marked improvement over record breaking sales of H2 2012. Although Iofina Chemical is traditionally a first half weighted business, it is expected that the ramp up in business will deliver higher profits in H2 2013 over the first half. Record full year sales are anticipated at Iofina Chemical for the fourth consecutive year. The Group will continue to market its iodine through iodine chemical derivatives at Iofina Chemical. In addition the Group has recently begun marketing its crystallized iodine to new customers as production increases.

Iofina Chemical continues to commit to providing the best quality, service and value to customers. In 2013, a number of new higher margin iodine based processes have been developed at Iofina Chemical and the Company has already achieved sales in some of these products. Iofina Chemical is also committed to continuing research and development projects for iodine and other halogen-based products. This will expand product offerings and allow the Group to better serve customers. The Group's commitment to the continual improvement of environmental, health and safety systems is a top priority to better serve customers, employees and community.

[dcgray21] 25/9/2013 20:56

Retiree - any mention of oil or hellium ? Thanks

[worraps] 25/9/2013 20:49

Thanks very much, King_roster, hew, and retiree. Greatly appreciative of you giving the time to paint the picture of the presentation, prospects, and personalities. I feel very heartened by all that has been learnt today. It seems exciting again, just like when I first bought my shares!

[1madmarky] 25/9/2013 20:47

Just took a peek on and according to them ennismore still have the short position intact? No guarantee the data is correct of course.

[che7win] 25/9/2013 20:34

Thanks for that retiree, makes sense to get more plants under our belt before competitors catch on.

[escapetohome] 25/9/2013 20:16

WOW!

CCE the share I tipped at the top of the leader board today.

[hew] 25/9/2013 20:11

Can't write much now, and not a great deal arose additional to the Results anyway, but to repeat above, the 700-1000 Mt may well be conservative. That, I interpreted is a) to be likely to beat it; b)not to raise profile too much at this stage and c) to have contingency - minor practical issues make the precise timescale of running up new plants hard to forecast. Certainly GL seems to have a good handle on roll-out, including staffing plans.

Also, and important reason for my attendance, I assessed both GL and GG as sound guys after questioning them post presentation. Have to await their performance in roles of course. Both of them (and also LB whose was there and spoke quite a bit informally from the floor) were very open to chats afterwards. Even though it was their fourth pres today I think they said, kicking off at 0800. Will be doing several more in UK over next few days.

Room layout and lack of mikes made some exchanges hard to hear - others will report far more of course.

I am relaxed and have bought a few more. But DYOR and no advice intended.

[dragonsteeth] 25/9/2013 20:03

retiree, how are you/others interpreting the word "completed" ? is this mechanically complete but not commissioned or fully commissioned and ready to start production ? ta

[king_roster_iii] 25/9/2013 19:50

It will be interesting to see what CK comes up with but I concur with Retiree. CF said that he chose the site for IO3 because it has high bpd and they wanted to test the max bpd that a unit could deal with. However IO3 ppm is only 150.

I asked him whether sites for io4, io5, io6 had been chosen for operational efficiency reasons i.e. because they will all be within 25km of each other therefore they can share the workforce, order chemicals in bulk ect rather than for ppm and bpd. But he said that was not the case. However IO2 is unique in that it has both reasonable bpd and high ppm.

But for worraps and all, my overriding impression was that this is going to be one hell of an investment. CF said that the interims would be gone over with a fine tooth comb by the Chileans (pronounced "Chil- ayans" ).

There is no doubt that we will be taken out in 2014/2015 but as both CF and Lance said there will be more than one suitor.

Its going to be one hell of a bun fight for a very expensive bun :)

[nixonpaul] 25/9/2013 19:05

Dig
Yes you are probably right re the real annual production and it certainly seems achievable looking at what 1 & 2 can produce.
I would agree that keeping in line with broker expectations makes good sense.
The market does like it when expectations are broken, (to the good that is)

[diggulden] 25/9/2013 18:47

nixonpaul, I read it that the 700-1000 MT annual run rate incorporates all Iodine production, so IO1-6 and recycling.

I do think these numbers are very under stated though, but then the broker is using 150MT-200MT per plant as guidance, so Iofina just keeping in line with the in-house brokers expectations.

I fully expect that when IO1-6 are all online and running at anything above 80% capacity then annual run rate will be more like 1200-1500MT.

[nixonpaul] 25/9/2013 18:41

The Board expect to complete construction of IO#3, IO#4, IO#5 and IO#6 by year end. With these plants fully operational, it is estimated that the annualised production rate will be between c.700-c.1000 metric tonnes of crystallized iodine which would see Iofina become one of the lowest cost and largest iodine producers in North America, enabled by its patent protected WET(R) IOsorb(TM) technology

The board are saying the estimated production rate of between 700-1000 only applies to numbers IO3 to IO6.
Doesn't mention 1 & 2 in the above paragraph or am I reading it wrong?
If that's the case then production from 1 & 2 can be added to the pot

[danster4] 25/9/2013 18:41

Water non core but will aim to complete pumping station and depot within three months of the 45 day public notice period.

[neddo] 25/9/2013 18:19

they are all drunk in netleys cellar, he has been hung up by his miniscule tators

[bobsworth] 25/9/2013 18:16

crazycoops please please please!

[worraps] 25/9/2013 18:11

crazycoops.....how cruel!...but thanks for the titbit, sounds juicy. What a lovely day it's been. Sometimes it's worth the pain when you get days like this. Thanks to IOF, and other posters who kept my spirits up when I was flagging and a moaning minnie.

[warrensearle] 25/9/2013 18:10

Not one post from anyone who went to the presentation come on share the love

[senden11] 25/9/2013 17:59

An excellent day...even the London Evening Standard got in on the Iofina act: "Over on AIM, iodine-maker IOFINA jumped 28.8p to 174.9p after it reported record half-year sales". Maybe it'll update that number tomorrow lunch-time!

[diggulden] 25/9/2013 17:42

What?! You cannot leave us hanging like that!! Noooooooooo!!!