Iofina Share Discussion Threads

[diggulden] 25/4/2014 15:11

Marab, good spot, they look like CD's to me which have been maturing this year with a few more yet to mature, if my understanding is right, these will help short term cash flow anyway.

The important figures for me (and allays my concerns) are:

Cash and cash equivalents at end of 2013 $2,069,934

Cash at end of March 2014, $2.3 Million.

[che7win] 25/4/2014 15:11

marab,
looks like short term cash on deposit, I guess $2732,861 has already matured this year, I agree with you though, it does look rather restrictive.

They should be able to sell them if needed and raise the cash.

[cyberbub] 25/4/2014 15:10

Marab I think those are the land assets related to the Montana water business? Ie. They have purchased land for the depot and access routes.DYOR

[marab] 25/4/2014 14:51

There are $6,198,821 worth of Investments in the accounts with a list of what they are in Note 14. There may be a reason for IOF having to hold these investments as security against something, but at the interest rates quoted it looks like the money would be better off being used by the company. Anyone know why the company can't just sell them to raise cash?

[festario] 25/4/2014 14:43

Measuring Guy, calm down dear!I am not homophobic, I have never been frightened of my house!!

[captain_kurt] 25/4/2014 14:24

This has a long way to go yet. The EPS for 2015 is unchanged imo.
Current share price is a steal with the correct management in charge
The RSI is under 40p.

[miss ann thrope] 25/4/2014 14:14

lol probably cyber, when things change quickly I do too

[mike stutter] 25/4/2014 14:05

COMS about to go NORTH

[cyberbub] 25/4/2014 14:05

Did you post that previous comments about a very strong L2 to help you top-slice, Miss Anne?

[andy] 25/4/2014 14:02

Pleased for those that held on here.

[miss ann thrope] 25/4/2014 13:59

Top sliced , sold half, looks like L2 is weakening for the weekend

g`luck all

[bogg1e] 25/4/2014 13:52

Che, sure but that is dependant on the plant running pretty much full tilt for the remainder of the year. After the last 9 months i thinks its very hopeful to assume that there will be no further disruptions, which, if they occurred would raise opex. I'm sticking with $28 (for now) because i cannot afford to disappoint family and friends any further.

[mike stutter] 25/4/2014 13:51

COMS about to take off, news imminent, try get in before weekend.

DYOR etc..

[che7win] 25/4/2014 13:48

The company cash outflow on operations was a measly $482,497, it won't be hard to get cash flow positive, especially with IO2 sorted.

Boggle, careful you don't get too pessimistic on costs, IO2 costs are closer to $20-$24 right now as in this statement:

"Average production cost per kg for the year was less than $30. We expect to see significant improvements in production costs with the addition of higher volume plants comparable to IO#2, which produce at a more favourable cost in the low $20 per kilogram range"

[miss ann thrope] 25/4/2014 13:43

Cheers Bogg

Jaysus L2 is a punters dream virtualy no SELLs on the board

[bogg1e] 25/4/2014 13:40

Miss Ann, I wouldnt yet. First i have to write to friends and family explaining the ups and downs of the share price cos some have been quite concerned. Then i have to wade through the numbers in more detail. I always thought OPEX was $28, so im glad i haven't mislead them on that point. Im concerned that the plants cost closer to $3 mil than the $2mil guidance. I want to know more about the prices that apply to IOFs crystallized iodine, by which i mean is it actually crystallized iodine which is highest purity or "mud"? Sounds like a stupid question but there has been confusion over this issue in the past and i want to be sure that im calculating revenue correctly before daring to place a share value or possible ranges for a future share price. I shall be sitting down with the calculator tonight. For now, I'm just enjoying a sense of relief :-)

[miss ann thrope] 25/4/2014 13:35

My maths is poor Boogg, what would yours make the share price re. #? 20056?

TIA

[tomboyb] 25/4/2014 13:34

Looks like this could be an interesting proposition for the medium term -

[bogg1e] 25/4/2014 13:30

Calmer, sorry but disagree. Im long and bullish especially now that we know they arent going bust, but it strikes me you are falling for a positive bias. After the last 9 months of disappointment I do not recommend using the most optimistic numbers you can get away with. For example, you have costs at $25 and revenue at $45. Personally i would prefer to assume that in spite of the iodine price rising, the lower quality of the mud Iofina make is closer to $42 revenue and costs are $28 to $30, which several of us extracted from previous guidance and until we have better news that the plants are producing as we hope, its better to stick with a higher opex. Given the statement from Lance is 400 tonnes, why try to extrapolate scenarios which can improve upon that? We know that IO1 and 2 can produce near 1 ton per day (closer to .85 in all probability) when fully optimised, which, given downtime equates to maybe 300 tonnes from IO1 and 2 IF nothing goes wrong there for the remainder of the year. The remaining 100 tonnes we assume will come from IO3,4,5 and 6, which suggests to me that "intermittent brine" actually means "next to no brine". Trying to squeeze more out of this and basing revenues and share prices on it is just too damn optimistic for now. I would caution all readers to wait for the next quarterly production numbers before assuming IOF can overachieve on todays stated targets.

[crapcrap] 25/4/2014 12:58

well, i got back in today at 32p having sold at 74p i did say at the time, likely storms ahead. happy to hold for the next few months!
best regards
cc

[cyberbub] 25/4/2014 12:57

I agree, hopefully Lance is now prudently underpromising to a certain extent, and we can hope for some overdelivering later in the year?

[testuser123] 25/4/2014 12:48

Engelo - still under review.