Iofina Share Discussion Threads

[captain_kurt] 07/3/2014 07:35

Excellent new terms.
I suspect it's what a number of funds have been waiting for!

[rhwillcol] 07/3/2014 07:33

Agreed bobbyshilling: "nice, indeed!"

[alphacharlie] 07/3/2014 07:31

Clear the decks for a Shonny news update.

ADDED: Coming soon to a browser near you

[meadow2] 07/3/2014 07:31

It all seems to suggest that a further raising of finance is not on the cards. If so, this must be bull point for the share price. In view of the falling price over the past year, the reduction in the interest rate and the repayment extension, a bottom in the share price at today's level would seem a reasonable assumption and the lowering of the conversion price a fair quid pro quo. The market reaction is awaited after this unexpected turn of events.

[roboben] 07/3/2014 07:31

Naphar - Granted, but I do think that it has gained a little bit of credibility from that wording. My opinion only!

[ansana] 07/3/2014 07:29

At last a crystal clear rns, nothing about the weather and what a read ...Conversion rate down from £2.06 to £1. 2 years added, and the rate lowered. Well done IOF, very very well done. What a master class in negotiation.

[johncsimpson] 07/3/2014 07:26

Fairly neutral IMO but to the plus side and taken out the 'fund raising' issue being pushed by some.

It's the next RNS that confirms io5 has been handed over and that io6 & maybe 7 are a lot more than building footprints. Coming soon to a browser near you . . .

[eric76] 07/3/2014 07:26

Very good news to wake up to imo, futures more secure and I'm thinking perhaps its actually time to top up and expect a firming share price as newsflow develops further this year.

[naphar] 07/3/2014 07:24

Speculation that has been around before though Rob.

[remp31] 07/3/2014 07:24

Yup more than enough time to repay that bond plus enough working capital to keep our foot to the pedal the future is bright the future is iofina!

[danster4] 07/3/2014 07:23

Prilling plant and water depot funding secured. Very good news.

[naphar] 07/3/2014 07:23

Frog, does this mean you will now be adding?

[roboben] 07/3/2014 07:23

Do I see a potential interest from Lundin in that wording?

They do tend to take majority interests in publicly quoted companies rather than buy them out and take them private. A more reassuring future for PIs who really are determined long term holders than the prospect of an outright takeover, I think.

Pure speculation, of course!

[naphar] 07/3/2014 07:22

Cyber
I was slightly worried about the bond, as others have been. So great to see he BOD have resolved that issue.
its been good news delivered on the whole so far in 2014. Long may it continue. Soon enough will have 5 plants running. Water news to come but no longer needed in the same way it was (in my mind at least) until today. Gaining that permit would a big bonus now. Rollout can continue without cash flow worries based non current knowledge and expectations, assuming the minimum assumptions in the Numis note prove correct.

Great news, I am well happy.

[superg1] 07/3/2014 07:21

Frog may be adding now.

Macca will be a buyer at 1.5mt per day production rates as I recall, and as he expects the water permit to arrive too, and the bond pushed out of sight.............

[johncsimpson] 07/3/2014 07:20

Good one yorkshiret . . .

[noli] 07/3/2014 07:19

How many plants would we expect to be built in the 2 year extension. More than enough to repay the bond imho.

[yorkshiret] 07/3/2014 07:18

Next question Frog?

[dcgray21] 07/3/2014 07:18

Noli - standard wording in these types of arrangements

[noli] 07/3/2014 07:18

Previous line in conversion rns:

The Bond can also be converted or redeemed by Stena in the event that the Company is taken over.

Current line:

The Bond can also be converted or redeemed by Stena in the event that the Company is subject to a full takeover or there is a transfer of a controlling interest in the Company (conferred by an aggregate 50% or more of the total voting rights attached to the issued share capital of the Company).

[cyberbub] 07/3/2014 07:16

7% dilution is a very modest effect on the scale of things. And 2 years extension is excellent news!

[noli] 07/3/2014 07:14

If i was a bear i would be thinking twice about the that sentence, re full takeover or controlling interest.

Are iof in talks or have they had any contact, we will have to wait and see but that will put the wind up the shorts for sure and the extension is fantastic news.

[naphar] 07/3/2014 07:13

Good question noli. Don't remember if the 50% bit was there last time, but the current takeover bit was. Pretty standard term and condition I would imagine. Stena have to protect their investment in all eventualities!

[supreme mo] 07/3/2014 07:11

Interest rate reduced too and no redemption penalties.... how will the market react I wonder....I was wondering that as well noli...