Iofina Share Discussion Threads

[captain_kurt] 30/9/2014 07:36

Rain ends bear's picnic. Heartwell and ACT hug it out lol

[orslega] 30/9/2014 07:35

I think this was much better than many expected; looking forward to any forthcoming presentations.

[superg1] 30/9/2014 07:35

Che

$6.2 in the bank at the time plus $4 mill receivables.

So much for a fund raising at 20p.

[rhwillcoll] 30/9/2014 07:34

.....and continue to progress towards becoming the global leader in iodine and iodine derivatives (under "outlook"). Quite a statement, and mentioned twice in the report.

[monts12] 30/9/2014 07:33

""With the design completion of our mobile IOsorb(R) technology and the successful production of IOprill(TM) iodine, the Board is excited about Iofina's future and is dedicated to progressing towards becoming the global leader in iodine and iodine derivatives. We look forward to updating shareholders on our continued growth, expansion of iodine production facilities and maximising shareholder value."
-becoming the global leader in iodine
Looks like the path is being laid out for a ramp up in production with introduction of mobiles...cash no problem and is there for what they said they needed it for

[superg1] 30/9/2014 07:24

Che

And higher than that by now, after the recent comments.

It looks like they agree with our findings about the iodine market, producers pulling back in Chile and the iodine inventories have been the recent price impact.
Much of the inventory side will have been RB as they sold more than they produced in Q2 due to that 800mt inventory.

The water comments look interesting and all can see the points raised. The engineering from seem confident about their calculations to move the quantity of water and IOF have spelt out in great detail the beneficial need.

Going back to an original point, a permit can be issued for a lesser amount, which in theory solves both problems if the bureau perceives the situation to be that way. An end result of no permit for any amount at all seems highly unlikely.

Just to help we know the Montana bureau have created fast track processes to meet demand, and of course slick water fracking which requires much more water is becoming a favoured completion technique in the area.

[captain_kurt] 30/9/2014 07:22

"The Group's halogen-based speciality chemical business, Iofina Chemical ("IC"), experienced record revenues for the Period despite falling iodine prices"

I bet heartwell is scoffing on his breakie this morning lol

[captain_kurt] 30/9/2014 07:16

Looking alot better than expected. Onwards and upwards in H2

[stevo2011] 30/9/2014 07:09

I'm relieved I must admit , much better. Than I thought , h2 will be a considerable improvement

[che7win] 30/9/2014 07:07

Wow, like the cash, much much better than expected!

[simmy1699] 30/9/2014 07:06

Looks good and as expected. Everything ramping up."Interim ResultsRecord Iodine ProductionIofina, specialists in the production of iodine with full vertical integration of company produced iodine into specialty iodine derivatives, is pleased to announce its Interim Results for the six month period ending 30 June 2014 (the "Period"). During the Period, Iofina has completed IOsorb(R) plants IO#4 and IO#5, while IO#6 was completed in Q3 2014. With six plants fully operational, the Group is focused on maximising output at these current plants and determining the next steps for strategic expansion of iodine production with additional IOsorb(R) and mobile IOsorb(R) plants.FINANCIAL HIGHLIGHTS: -- Revenue of $13,020,185 (H1 2013: $11,556,468) during a period of declining iodine prices; -- Positive EBITDA for the Period; -- Net loss of $1,303,081 (H1 2013: net loss of $124,410); -- Basic loss per share $0.010; -- Cash and short term investment position at 30 June 2014 of $6,270,754 (30 June 2013: $16,189,567);-- Successful Convertible Bond Issue of $5m in April 2014 and amendment to longer term and lower interest rate of the $15 million bond originally issued in 2013; and-- Since the Period end, revenues continue to increase as production from existing plants ramps up.OPERATIONAL HIGHLIGHTS:-- 139.9 Metric Tonnes (MT) of crystallized iodine produced in H1 2014 (+124%, H1 2013: 62.5MT); -- IO#4-6 completed in 2014; -- Iofina Chemical saw record growth in H1, which is expected to continue for the rest the calendar year; -- Recent senior management changes; and -- Expansion opportunities identified and mobile IOsorb(R) design completed. Commenting on today's results, Lance Baller, Co-founder and Non-Executive Chairman stated:"It is pleasing to report record revenues and record iodine production for the Period. However, we are disappointed not to have met previously stated iodine production expectations. With Tom Becker now in place as CEO and Mike Coddington returning as Finance Director, Iofina once again has a strong management team focused on increasing production at our current plants. On completing IO#6, we continue to learn from the construction and operation of these to ensure future IOsorb(R) plants will have reduced costs, increased efficiencies, better overall design and an improved construction timeline.""With the design completion of our mobile IOsorb(R) technology and the successful production of IOprill(TM) iodine, the Board is excited about Iofina's future and is dedicated to progressing towards becoming the global leader in iodine and iodine derivatives. We look forward to updating shareholders on our continued growth, expansion of iodine production facilities and maximising shareholder value."

[arlington chetwynd talbot] 29/9/2014 23:04

Yes that's true, and well done on finding that. Although to be fair I was not remotely as evangelical about it as you are with this... and my loss was manageable, and I don't moan.

So my question is this Graham, what will this company post as a FY loss?

[superg1] 29/9/2014 22:38

There certainly hasn't been any shorting in recent times.

Good old Zac and his 82p forecast, he can double up now of he buys some.

I keep mentioning one, and I think it had £1m revenue with it usual great big loss, over £200 mill MC, a £52 mill fund raise and it's up and keeps climbing. The market is nuts.

Shares in promise phase can't fail, if the promise is years off.

We haven't mentioned that large holding in BEM for a while. :-)What a crock that is.

[arlington chetwynd talbot] 29/9/2014 22:37

You've listened to this fool for a while Cheggers, and you've listened to me.

He only now talks of consolidation, no rush and wait to grow.

You do realise I was drumming this down his fat throat ages ago when all he could do was attack me!

I don't need sympathy but surely you can see how wrong this guy is?

[che7win] 29/9/2014 22:28

Superg,
At current share price, the risk is to the upside tomorrow, Heart might skip a few beats when he sees developments...

:-)

[superg1] 29/9/2014 22:24

Che

They been closing them not opening them, although the 2 that did had very small positions and you have to squint to see the move on the chart.

The fund raise, no cash, is all trash from the rats.

Shocking Q1 no doubt, improved Q2, and very much better Q3.

Heart $5m fund raise to build 6 plants? You clearly know your maths. :-)
Unlike the other fools they won't chase the next plant for the sake of it, it will be all cost efficiency based decisions. If the time and circs are right they will or won't build more plants.

There is no need to rush anything, just consolidate, and move on when they see fit.

Can you post the Tom B link for us when it appears.

[arlington chetwynd talbot] 29/9/2014 22:20

So there was a scam?

Hold-off suing me guys.... lol

[freshvoicem] 29/9/2014 22:16

Super re 24892
Who gave the teenagers the credit card?

[che7win] 29/9/2014 22:14

So, you haven't got a clue then.

$3m, it's game on and a short squeeze coming, that funds growth from here.

Any more than that, back to 65p. See how the MMs gathered stock today and jumped the offer at close?

Enjoy your short position overnight :-)

[arlington chetwynd talbot] 29/9/2014 22:13

At least pay a fiver to post Graham, it's the least you can do after all you've posted.

Or do you want me to gift you it? lol

Yes, I have done that before... but surely things aren't that tight down in Reading or Oxford? lol

You did well converting all them bumpkins to this mate, I'll give you that.

[heartwell] 29/9/2014 22:10

Che7win, there is very little money left after the plant builds overspend and the turkeys they have been shown to be. All will be revealed tomorrow. It won't be pretty for shareholders.

[superg1] 29/9/2014 21:56

Come on, who left he manhole cover off the sewer?

[che7win] 29/9/2014 21:35

Heartwell,
What cash are you expecting them to have?

Please give the end of H1 figure amount and the current cash position in your response.

Thank you.