Iofina Share Discussion Threads

[baguette] 09/12/2013 16:29

I have posted this before but repetition is not new to this thread - its a bit worrying that Stuart Eaton resigned as non - exec of IOF for reasons of full time commitments yet remains non-exec of Nighthawk and has just topped up his holdings and his SIPP in that Company.

I do not think, with a succession of disappointing RNS's and a declining share price, that now is the time to encourage others to invest any further in IOF until some positively good news is actually to hand rather than nudge nudge wink winked

[mrbeavers] 09/12/2013 15:05

SHONNY - 06 Nov 2013 - 16:26:59 - 10669 of 12089
Looking good for £1.50 next week. £1 by Xmas I reckon.

SHONNY 9 Dec'13 - 10:53 - 12077 of 12088 3 2
Not looking good for the £2 by Xmas rampers. £1.30 more likely. They haven't a clue.

Up 30% in a month. are you a ramper in disguise?

Hold onto your hats and prepare for take off people!

[shonny] 09/12/2013 14:29

The next missed target will see these shares available in the poundland shops and the deluded rampers will be shouting £2 by Xmas 2014.

[topthat] 09/12/2013 14:10

Thanks ijpax

[bocker01] 09/12/2013 13:46

Just as a matter of interest, do Ennismore borrow shares to short or do they use CFDs with stop losses?

[jointer13] 09/12/2013 13:37

wouldn't it be nice to get the water preliminary determination to grant this week.

[monts12] 09/12/2013 13:14

(12081)
Another one liner from one of the resident trolls.

[ijpax] 09/12/2013 13:12

topthat - have a look at

shorttracker.co.uk/company/GB00B2QL5C79/all

[shonny] 09/12/2013 13:10

Bad news in the offing by the look of the shareprice.

[topthat] 09/12/2013 12:42

SG, Bogg1e or anyone really,
Somebody posted a spreadsheet a little while back with Ennismore shorting position. Can anybody send me a link where I can get the updated position? I kept the spreadsheet but I want to update it.

Great board and fantastic research. I have no doubt longtermers will be rewarded here.
A lurker.

[major dome] 09/12/2013 12:23

I'm hoping the share price will rally in the next couple of weeks as this is my largest investment here.
Never posted before but followed the IOF boards and I think maybe crunch time will come in the first month or two next year as to whether it is worth keeping an investment here or not.

[freshvoice] 09/12/2013 11:14

What is your interest in this share shonny ?

How many do you hold?

Go and post on the board where you have an interest.

[shonny] 09/12/2013 10:53

Not looking good for the £2 by Xmas rampers. £1.30 more likely. They haven't a clue.

[bogg1e] 08/12/2013 22:46

SG re post 12056 cheers. Sorry been away all weekend so reply is somewhat tardy.

[superg1] 08/12/2013 21:28

Dorset

As Noli points out, that has already happened. Including finding the registered name 'Atlantis water solutions' way back.

That meant going through every state gov site business entity register, oh such the fun that was.

That's where the Utah mystery came up, just to show I don't make it up



Don't panic the mystery was solved it was due to planned employees for a Wyoming site just over the border, but for tax purposes you have to also register in the state where the employees reside.

Certainly if someone is ever waiting for an important patent, and the news is considered significant then it can be found before a company is aware, as Gad proved.

There is a bit I haven't mentioned about the PDTG, so when it comes, we can point it out.

Yes a lot of digging on that front, and I was hoping to do exactly as you describe.

Being surprised at what can be achieved, and what goes on, disappeared some time back.

[noli] 08/12/2013 20:57

Dorset, thats happened on here a couple of times that the PI's have told the company about news that they have found. Water & patent from memory.

[dorset64] 08/12/2013 19:27

SG, you'll be surprised as to who knows first what a company has achieved. I was in a share (TAIH) a Chinese company of whom were going for an approval themselves, which took an eternity to come through. Funny thing was that the web site of the authority certifying them put their approval up on the site 24 hours BEFORE they told the company.

What it meant was peeps like yourself & others looking in places where others don't keep an eye on, knew instantly that the approval was theirs, bought a shed load of shares & posted on ADVFN that very news.

The share price rocketed & enabled everyone that had cash/T trades/spread bets available on that day to make a bundle of cash before the news & subsequently the share price dropped back down. For a change the web allowed us to be ahead of the game even before the company had chance to RNS it themselves.

[superg1] 08/12/2013 18:32

Cool

From the research any day now, and I'm not saying that for the sake of it. That is all in the hands of the water bureau not IOF.

As far as I know everything is A ok, and it's just a case of waiting for the water bureau to do the PDTG.

So just a case of waiting for them to complete that.

I will be checking the water permit site every day this week and haven't bothered doing that in recent times. My choice of timing to do that isn't just chance. Although I'm sure IOF will be aware of any PDTG award before any website entry, but you never know.

[cool hand kev] 08/12/2013 18:05

Whens the water news due?

[the librarian] 08/12/2013 18:01

Good post benny,that says it all really it's all about supply and demand. Worth another look at the Investec note... I hope they sent it to Iofina?

Iofina (IOF.L)
Investec Securities
Price: 168p | Target: 230p | Rec: Buy
Market commentary from two of Iofina's competitors in Chile confirms recent softness in iodine prices. This has prompted one (Sirocco) to suspend part of its production and delay expansion plans. In our view, this should underpin pricing around current levels. More importantly, it is further evidence of Iofina's significant cost advantage - its cash costs of up to $20/kg are around half those in Chile. We maintain our Buy rec and NAV-derived 230p TP.

Chile in context: Chile accounts for just under 60% of global iodine supply (32,000 tonnes in 2012). It is produced as a by-product from leaching nitrate ores in the Atacama desert. This is typically high-cost production ($30-40/kg).
SQM update: SQM has iodine capacity of 11,000 tonnes (one-third global share). It recently noted (2 Dec) that it expects higher production in Q4 vs Q3 but that prices were expected to be slightly (2-3%) lower. Further, it expects prices in Q1 to be 5-15% lower than Q4. This implies prices of $40-45/kg.
Sirocco Mining (SIM) update: SIM has iodine capacity of 1,600 tonnes (5% of global supply). It notes today that it intends to temporarily suspend production at one of its facilities (600 tonnes, 2% of global supply) for the whole of 2014. As a result, it sees 2014 production of 1,000 tonnes, although it expects sales of 1,300 tonnes via a reduction in inventory. It has also announced the delay of a planned 400-tonne capacity expansion from 2014 until 2015.
Implication for Iofina? While current pricing is below our modelling assumption ($50/kg in 2014E), these announcements suggest that pricing is now close to cash costs in Chile, a key competitor. Given Iofina's cash costs of $10-20/kg (we model $15 in 2014E), we would not expect these market developments to affect its expansion plans. We make no change to our forecasts and retain our NAV-derived target price of 230p.

[benny hanna] 08/12/2013 17:49

Citing a 2012 Roskill (independent iodine research) report, annualized, world-wide production of Iodine would rise from about 28,700 tons to over 36,000 tons in 10 years, observing a 3.5% increase year over year during that period. (did not check the math.) Of course this demand is based on current market usage, and does not consider any additional market penetrations at all. The report went on to say that current suppliers, mostly Chilean, were expanding to easily meet that demand, but wholesale prices were expected to stabilize at current levels, or possibly face some downward pressure.
If they had to re-write that report today, it would read very differently. The Chilean producers are restricting product availability because their op-ex costs demand higher prices/margins. They WILL move the price higher. This is extremely good news for IOFINA who can sell into that expansion, generating even higher gross margins selling first into the retail markets (Iofina Chemical), then easing into the wholesale markets when the time is right. No need to disrupt the wholesale price as coming increases work in our favor.

[pcjoe] 08/12/2013 17:15

TFC - Suggest you email them as well to ask

[the fat controller] 08/12/2013 16:57

Do we have any indication from the company that they are coming out from under the radar? Or is it just our wishful thinking on this board?
TFC

[worraps] 08/12/2013 16:39

Also, superg.....I think that 'under the radar' can cross the line, and become 'misleading the market'. I'm sure their intentions have been honourable, but I really feel they have perhaps taken their caution too far. No more cloak and dagger. It should be quite exciting when they stop hiding what they've got, and how far they've come.