Iofina Share Discussion Threads

[malachey] 21/3/2014 01:00

Language of you tube? How about this one then?

[engelo] 21/3/2014 00:47

superg: thanks for being tactful re my interpretation of the IOF/DNRC relationship. Pushing the boat out a bit :-)

My thinking is based on the last water RNS which (in particular for an ultra cautious CEO) was quite assertive.

"In the event the application is denied the Group would request an immediate administrative hearing."

On the face of it this could have caused last minute boat rocking with the DNRC. Why take any risk so close to the finishing line unless this stance was explicitly agreed, perhaps by IOF explaining to an uncomprehending DNRC that they had a duty to their shareholders?

So I feel confident they had parted on Jan 30th in the collaborative position which GL describes, ie

"The Board is confident in its ability to meet requests brought forth in its 30th January meeting as well as any further requests that may arise in the interim."

60 days is a long time in view of the huge amount of time already spent on the application by both parties, so it seems reasonable that strengthening IOF's water expertise could have been discussed and contributed to this.

Whatever the true position agree that the Bill Bellamy is a great addition to the co: this could influence the DNRC even if they didn't discuss it on 30th.

Anyway 60 days is only 10 days away now and news could presumably come before this. Lets hope that DNRC have run out of further questions and that IOF have got their written response in by now.

[superg1] 20/3/2014 22:43

On the other point the common language seems to be you tube clips

[superg1] 20/3/2014 22:13

Bob

'Talk is they are doing this in the hope of an equity release for funding i.e. to close their short positions.'

Yes and some sit on hands for the same reason.

It's not happening, it's hope nothing more.

[freshvoicem] 20/3/2014 22:04

My dog is wagging his tail again, must be postman at the door? Mmmmm

[bobsworth] 20/3/2014 21:30

Notice every time we get some positive news we get an immediate rise in share price followed by a return to base within the day. Seen this pattern now on the last three RNS's!

With some folks topping up on good news + major sellers gone and the majority of us just holding tight for a recovery then it looks like someone is currently working very hard to hold the share price down. Talk is they are doing this in the hope of an equity release for funding i.e. to close their short positions.

What a massive and greedy gamble to play!

If Iofina informs the market that they have enough cash to see us through to profitability, the shorts who have played this right so far, will be quickly forced to buy on the open market together with investors.

In this scenario, backed by good operational news, we should see a rapid recovery in share price.

Let's hope Iofina helped by its fast growing Chemical Division + that significant late 2013 shipment scupper their gamble!

[superg1] 20/3/2014 21:24

Dig

Is that Millwall or cans of Carlsberg export.

[diggulden] 20/3/2014 21:14

'N3tleyLucas 20 Mar'14 - 20:02 - 17278 of 17278 1 0

3 down & 3 to go...'

And maybe one to return....

[n3tleylucas] 20/3/2014 20:02

3 down & 3 to go...

...audited Final Results for the year ended 31 December 2012.

Directors

The directors who served during the year and subsequently were as follows:

Dr. Chris E. Fay CBE, Non-Executive Chairman
Jeffrey P. Ploen, Non-Executive Deputy Chairman
Paul S. Chase-Gardener, Non-Executive Director and Chairman of the Audit Committee
Forest D. Dorn, Executive Director
Lance J. Baller, Chief Executive Officer and President
Stuart M. Eaton, Non-Executive Director, Appointed 14 January 2013

[serratia] 20/3/2014 20:01

I've tried to set up my own spreadsheets but the info I'd like isn't available. I've run chemicals companies so I've applied my costs to IOF's figures.
I had production costs of 15% sales, R&D 4%, Distribution 3% (they may put this in admin ). 2013 H1 doesn't give much info so I've taken 2012 finals. They made a gross profit of $3.5m on sales of $18.64m. Removing the above percentages gives a raw material costs of $11m. I think this was all associated with iodine chemicals ie no raw iodine sales. Let's assume that iodine is half the total raw materials of the chemicals they produce. This would then be $5.5m purchase of iodine, say 110 tons at $50/kg.
If they this year produced and substituted their own produced iodine at $30/kg they would generate an extra $2.2m on flat sales of chemicals.

I'm flying blind on actual figures and may be out on their costs. Anyone know how much iodine they purchased last year ? Just for a cross check to see how far out I am.

[alphacharlie] 20/3/2014 16:47

Update on what specifically?

[angel of the north] 20/3/2014 16:45

Expect RNS update tomorrow or 'very near term'.

[bobbyshilling] 20/3/2014 16:36

I agree he is a great guy to have on board, but the timing is interesting, to say the least. Anything associated with the discharge permit may be some way ahead time wise.

[johncsimpson] 20/3/2014 16:32

nixonpaul
20 Mar'14 - 16:15 - 17270 of 17272 0 0

Shonny has the communicative skills of a wooden bucket.
Thats another dead cert.


Not fair on wooden buckets . . .

[superg1] 20/3/2014 16:30

Interesting conspiracy theories.

I think he is just a great bod member to have if they get the water permit. Nothing at all to do with the twists and turns of the Montana water bureau. Simply a great guy to have in board and will know how to exploit the water assets IOF have.

He is probably well impressed that they have a discharge permit and a deal with the USFW. I bet that is something he has never heard of before. 40 years experience and you learn something new every day.

Re the 2 addresses, as the company he is involved in states they are in many areas I thought I'd check Montana on their website re possible contact lines. They have one in ND too.

They are all over the place.

[shonny] 20/3/2014 16:26

Shonny is usually right. There's another dead cert. This is the best shorting share on the market, predictable as night and day. Never fails to deliver (except for the rampers).

[nixonpaul] 20/3/2014 16:15

Shonny has the communicative skills of a wooden bucket.
Thats another dead cert.

[engelo] 20/3/2014 16:14

bobbyshilling: think you may have put your finger on something. imv a clear collaborative position was achieved with DNRC on Jan 30th, so 60 days seemed a long time to tidy up any points in the application itself as they've already flogged it all to death for months. However 60 days is reasonable for finalising the appointment of Bellamy, which might already have been in the wind depending on the success of the permit. An intriguing alternative possibility is that Bellamy was suggested by the DNRC :-).

Re JV am disposed to trust IOF to have worked out the best option. In particular they know a lot more about the cash position than we do :-)

[shonny] 20/3/2014 16:07

IOF to close red. Now that's a 'dead cert'

[johncsimpson] 20/3/2014 15:19

Interesting thought re a JV, bobbyshilling.

[bobbyshilling] 20/3/2014 15:16

Could it be that the 'addendum' referred to in the rns of 3rd Feb is in fact the appointment of Dr. Bellamy. At 40000bpd, IOF are applying for more water than most, so it may be a condition that a high profile person with the relevant experience is appointed by the company to ensure that things go smoothly in this connection. Also, the company is likely to apply for another permit after this one, (should we be successful), and of course there is the huge Atlantis aquafier which may be monetised in the future. Dr. Bellamy seems like the man to do the business, so to speak.

To my mind, this appointment lessons the chance of a JV on the immediate water permit anyhow.

[alphacharlie] 20/3/2014 15:16

Shonny posting when the price moves back. Now that's a 'dead cert'.

Shonny staying stum when the price moves up is another 'dead cert'.

[freshvoicem] 20/3/2014 14:55

No traded at 14.49 on my screen

[buffaloman] 20/3/2014 14:43

These had over 50 trades in the hour up to 13.45, then dead - no price movements, no trades - what's going on?

[freshvoicem] 20/3/2014 14:39

Meadow
Yes cert dead= suspended