Iofina Share Discussion Threads

[rogerbridge] 02/6/2014 19:35

I hope so Monty, 30mt, or over and climbing at month's end at this stage would put us on track

[monty panesar] 02/6/2014 19:10

Pleased with the news coming out of Chile. Hopefully production for May will be around 1t per day figure. That would be double the production rate over the first 3 months and 50% up on last month.

[superg1] 02/6/2014 17:29

Almost a normal day there Dig.

All that was missing was a new troll or two telling us it was going bust once it dropped .25p

This Cosayach suspense is fun. Has it affected them? Has production been halved?
Are they on the way out.

The last round of well closures (ranges of 20 to 33 wells) in 2011 is has a 2,750mt loss of production figure linked to it, but the guys in the industry thought more like 4000mt gone.

Thoughts recently that they were up to 3750mt so if the 38 wells were in use, how much of that has gone. Compared to the other event it looks like the potential is severe.

Boggle get over it, Chile mining struggles to find skilled workers, cross your fingers and hope Cosayach is screwed. :-) Any workers losing their jobs will soon find work elsewhere.

[diggulden] 02/6/2014 15:54

IOFINA..... Where a 10% intra-day swing is completely normal!

[freshvoicem] 02/6/2014 13:36

Looking at odd decimal prices there are trades being worked.

Any L2 experts around to enlighten us?

[dcgray21] 02/6/2014 13:30

Bogg1e - coffee and beers on me and Phsycho if you can make it . What greater inducement can there be than to see a Scotsman open his wallet ?

[bogg1e] 02/6/2014 13:26

phsycho, if i can find the time i will try to attend the IOF agm, but the diary for june has turned hectic; weddings, trip to Vancouver, doctor appointments cos we have a little one on the way, but if i can be there i shall. Id better get on to TDWaterhouse to make sure i have the docs to get in!

[phsycho] 02/6/2014 13:19

Bogg1e r u going to the AGM?

[bogg1e] 02/6/2014 13:17

Fresh, i imagine the share price will rest until the production update is out, hopefully if the numbers are 30 tonnes+, the rise will continue. Then we have the agm, which if positive or reassuring, will hopefully see the climb continue, however the latest broker notes from a month or so ago have a target of 65-70p, so tbh as the company stands now, without further plants/minis/water permit/JVs etc, i cant see the share price climbing much higher than £1 for the remainder of 2014.

[senden11] 02/6/2014 13:16

Just needs a booster RNS shot in the arm revealing vastly improved production figures (any day now), and other expected items, to sustain the recovery, then propel the share price back to where it belongs.

[freshvoicem] 02/6/2014 13:02

Looks as though t he rise has run out of steam today?

[che7win] 02/6/2014 12:03

Crosseyed,
Fair post, there is a wee bit of operational gearing in the business, the more plants we have, the less the operational costs as admin will rise slower.

If we hit 600 MT this year, then again, costs per kg will fall, so I'm glad to see concentration on optimising the bottom line costs and efficiencies.

If we demonstrate the above wil 6 plants, then the model will become easier to finance (plant finance being an option).

[bocker01] 02/6/2014 12:01

C, I would imagine that your "non-cash" costs attributable to a kilo are much less than the competitors. Of course they are not really "non-cash" because they still cost cash, sooner or later! Actually I think your split between chem and non-chem is a little unfair to the iodine producing side. Maybe the split should be on sales revenue, or value added perhaps or something that considers where the overhead is used. However the main thing is that it illustrates that our costs are are the lowest and will fall much further not just with optimisation of production, but also with LB's reduction of overhead - widening our already substantial advantage over the competition.

[warmsun] 02/6/2014 11:14

Very good observation re Peel on L2 orslega.....very interesting!

[orslega] 02/6/2014 11:03

superg - some quality research on Cosayach. Many thanks

[orslega] 02/6/2014 11:01

the large transactions published so far today were buys....

[orslega] 02/6/2014 11:00

Level 2 - interesting that Peel are on the bid now at 59.5p but unlike other bidding brokers there is no corresponding target sale. So on the face of it, looks like Peel maybe accumulating......plenty of news due soon (better be good, lol)

[yasharsad] 02/6/2014 10:55

What are those large unknown transactions. Are they buys or sells. Fingers crossed for Iofina. We may see some blue sky after all of those price drops. As someone pointed out earlier the gap is closed and a bull market is ahead.

[orslega] 02/6/2014 10:55

not a tree shake imo, more like a largish buy order being worked.....like earlier..

[yasharsad] 02/6/2014 10:53

So is the price drop a tree shake?

[orslega] 02/6/2014 10:31

see some half decent delayed buys popping up....100K @ 62.5, 9.05 and a 75K @ 64p just after the bell...

.....another reasonable volume day it would seem, and noticeably on the buy side : ) Confidence returning.

May production update anytime now.....

[cyberbub] 02/6/2014 08:20

Yes diggulden and the advantage is that there are no more shares in issue than back then!!OK so we do have two convertible loans issued, but they only represent a pretty modest dilution percentage-wise... and with a bit of luck they might end up being paid off rather than converted, who knows...It's not like some of the potless miners on AIM where the number of shares in issue doubles every year...GLA NAI

[superg1] 02/6/2014 08:19

apols for keeping banging on about Cosayach.

It's a very important point as they are the reason for these low prices.

The efforts are to try and establish if the recent court case is relevant to current production for them. All pointers so far seem to indicate it will have an impact on the market.

I'll keep digging until some official source, actually states one way or the other whether Cosayach production is affected or not.

The final piece of the jigsaw for me is trying to establish the location where the supreme court in April last year made the daft ruling re water extraction.