Iofina Share Discussion Threads

[mister big] 23/7/2014 22:47

Super g , correct I picked up a 100k shares , but it is still very difficult to buy in volume which means it's pi shares not any major seller .

[arlington chetwynd talbot] 23/7/2014 20:55

You would think so, just suspend your disbelief, some things are technical.

[rock star] 23/7/2014 20:46

Charts are pointless in this particular case. It is all about delivery. This is based around Iodine production although cost of production and sales are also important variables. One positive is IOF have managed to get a premium to market prices as was stated at the AGM.

The key is getting production levels to the 50-60t per month level during the current quarter. Once they get to this you are looking at around $1m Free Cashflow per month. This then provides funding for the next stage of growth whether it be mini's or full scale plants.

The key has always been to get the 6 plants up and running to fund next wave of expansion. Delays,fall in iodine price and placing plants in sub-optimum locations has meant phase III of the business plan is running 6-9 months late.Luckily the business model is robust. Come September they should be producing 55-60+t per month consistently and then you can expect upgrades to the anticipated production figures for 2015 and 2016.

[arlington chetwynd talbot] 23/7/2014 19:27

superg1 - I see a chart that will act next week, regardless of news.

[writz] 23/7/2014 19:22

SG - has everyone just lost interest in FUM?

[jasisdad] 23/7/2014 19:21

I was so chilled out I missed my train stop on way home!!

[rogerbridge] 23/7/2014 19:06

Well chilled out. All good things come to those who wait

[jasisdad] 23/7/2014 18:40

Rises even small ones like today on this one normally mean RNS. Will look with interest tomorrow!!!

[bogg1e] 23/7/2014 17:29

Super, a few off-take agreements with the Japanese could very well snowball into numerous agreements from various global companies, once the penny drops regarding the drop in Chilean output expected over the coming 18 months. The question is, how many sites can pods be installed at currently, in order to meet such demand? Given that each site would require land lease contracts etc, I imagine it takes some time, possibly 3-6 months. Do we know how many sites can go ahead now and if so how many pods would be required to optimise the sites brine supply? Cheers.

[superg1] 23/7/2014 17:13

A C T

Perhaps, perhaps not.

With io5 and 6 potentially To be reported as complete, up and running then hat will be good news. Given the current timelines if they are complete a week or two later, it's a mild irritant.

In a week or two chances are a lot more will be known re Chile producers

The thing I love about Bog is his long term view, it's not a hindsight 'oh well' view he has said that all along.

In a few weeks chile may well be full of water law change news and SQM list that as a risk to their business in their finance documents.

Lots to go on, but as it stands the share price hasn't raced off to match better brine, production, extra production via pods etc. That's a good thing.

There have been mutterings of a water application in north Dakota in recent times, and a big oil company linked to that, it could be all waffle.

Japanese interest lurking, and a point everyone seems to be ignoring about what IOF have said many times.

I agree the price could go up and it could go down.:-)

Who sold and who bought is available. I'll mention that in a bit more detail later but it looked like bored PIs sold and a fund or two plus Mr B bought them.

[cyberbub] 23/7/2014 16:44

Probably only 7 more sessions until we get the next production update...

[monkeymagic3] 23/7/2014 13:56

Traders use TAers like a drunk uses a lamppost.

They pee on them.

[joestalin] 23/7/2014 13:33

TAers use charts like a drunk uses a lamp post - for support rather than illumination.

[jbe81] 23/7/2014 12:46

Superg last year all in costs were affected by teething problems at the new al plant. Things are now going well, state media release production figures around the 15th of each month, the last 2 months were good, they should get better. There are a few other factors that can cause the share price to rerate, mainly drilling results, but I am sure if you look closely you can come up with a rough figure for all in costs, and will show a healthy profit margin.

[typo56] 23/7/2014 11:34

"Break this properly and you go bullish, don't and you fall"

Yes, typical chartist two way call. "If it goes up, it's going up. If it goes down, it's going down".

I've heard people even pay money for this stuff.

[phoenixs] 23/7/2014 11:24

ah yes! full of eastern promise.

[freshvoice] 23/7/2014 11:18

Let's hope it's Japanese green tea!

[tim3416] 23/7/2014 11:09

Struggling to buy small amount of shares online this morning with HL but no problems selling

[bogg1e] 23/7/2014 10:53

Why drama? All IOF have to produce is 30 tonnes minimum, ie to meet their own and profitable needs. Thats enough to keep cash coming in and keep thier heads above water. The market is not expecting 60-70 tonnes from 6 plants til brines are optimal, until then the market will be happy with a combined output from 6 plants of 40-50 tonnes per month, which is what IOF will probably produce for July.

Iodine prices may be dropping but IOF are still getting $42 per kilo so whats the problem? We know opex is low $20 range so currently about $20 per kilo profit.

The rest is just patience, buy and hold for 5 years is my moto. My first share purchase going back a few years was asos, then the fire wiped out their Christmas stock and my shares plunged from 60p to 3p with barclays selling them at an auto stop i didnt want but which came with the account. Had that not happened i could have sold within that 5 years time frame at a 20 fold profit. Iofina will give me more than a 20 fold return, if i hold for 5 years. And I have said this before and i shall say it again, Quadrise will yield much more than a 20 fold profit and contracts will be signed soon, then cheap shares will start to become a thing of the past. If you want a copy of my 30 page doc that covers Quadrise go the QFI thread and send us your email.

[arlington chetwynd talbot] 23/7/2014 10:33

My point is not all encompassing. I'm saying there will be drama, next week.

[sandbag] 23/7/2014 10:30

" Break this properly and you go bullish, don't and you fall"
That seems to say it all really! It will either rain or it won't.

[arlington chetwynd talbot] 23/7/2014 10:26

Chart: 22904

This is sleepwalking into the upper descending channel in the next few days, resistance. Break this properly and you go bullish, don't and you fall. It is on a knife edge atm but I would say it's 60-40 that this breaks out. Watch what happens very closely next week.