Iofina Share Discussion Threads

[che7win] 30/9/2014 08:24

Woodp,
got a quote for 42p but my connection failed, arrghh, anyway it was a gift, well done you.

[dorset64] 30/9/2014 08:24

Well done management.

[che7win] 30/9/2014 08:23

Mad,
that's my thinking, those admin expenses will fall H2 because they have taken away excess costs (staff), even in August they were making cuts.

We should get to that cash flow positive position soon.

[woodpeckers] 30/9/2014 08:23

Thanks guys, panicked for a split second when I saw the price, had to double check the order as I thought I must have pressed the sell button instead!

[1madmarky] 30/9/2014 08:18

Yep, happy with that. Lance is walking the walk not just talking the talk. If it was not for the bloated administration we would have been profitable in the first half including the costs of the new plants (unless I read it wrong)
Just wana here what's next. My money is on a full IO plant. A cut down optimised one.

IO PRILL TM, have they developed a low cost way to produce prill? As they talk of new products.

GLA

[rogerbridge] 30/9/2014 08:14

Topped up too. A no brainer and pleased to have had the opportunity. Thank you to the Bears.

[muffster] 30/9/2014 08:14

Dammit, missed 39, well done WP. In for 44.

[che7win] 30/9/2014 08:11

Just over 44p for me, a steal :-)

[spike_1] 30/9/2014 08:09

Just over 44 for me

[woodpeckers] 30/9/2014 08:03

Wow I just managed to pick some up for 39p!

[rogerbridge] 30/9/2014 08:03

Far better than anticipated results. H2 should see an improvement.
We now have a firm base on which to build.
Looking forward to the next update.

[cyberbub] 30/9/2014 08:01

Not quite the reaction I expected, down 7%... buying opp?

[muffster] 30/9/2014 08:00

This needs to fall

[cyberbub] 30/9/2014 07:58

Yes this all looks OK. Not great but then that wasn't expected. The key thing is only a small loss for H1, decent cash position, and now profitable. So we can relax about any placings or worries about viability. Onwards and upwards!

[superg1] 30/9/2014 07:54

Substantial reduced costs in admin to be included going forward too.

As wished for, consolidate what they have, then move on, not chasing more plants any cost. It seems like they will be using pods in the next phase.

As I recall fully installed with services in, the last comment was $800k per unit. Estimated installation time for those was said to be 8 weeks, they sound very versatile and lucrative.

RB inventory was 630mt as of 30th June. Since that time India imports seem way above their normal rates, so hopefully a good chunk of those imports is RBs excess iodine. We'll soon know on their Q3 report (if they still exist).

RB should have after market news today re financing, my bet is one of the Lundin's is their only hope, but they are losing the Aguas mine whatever happens, and right now I can't see anyone bidding for it.

[woodpeckers] 30/9/2014 07:52

Excellent rns. Revenues at revenues of $13m higher than I dared hope and EBITDA postive.

Now they can really start to build this company and work towards becoming "the global leader in iodine and iodine derivatives" that has been their goal.

Well done Lance!

[che7win] 30/9/2014 07:52

Superg, The cash is stunning at this stage, I expected a lot less. I reckon we are 15p too cheap right now, poor heart, all heart no head :-)Should see a nice rise today.

[roundup] 30/9/2014 07:51

This is a very honest report with finances much better than many expected. I can see absolutely no downside for this company--rather a world leader in the production of iodine. Then there is a good update on the water application.

[che7win] 30/9/2014 07:48

Look at those admin expenses, I reckon they can cut then down by half. Won't be too hard to get cash flow positive second half.Very pleased, two plants since results will transform second half.

[alphacharlie] 30/9/2014 07:41

Nothing like as bad as some of the bears predicted but then no surprises to the upside either. It's a 'wait for the next round' RNS and i can't see any reason for too much price action to the downside

[veldt] 30/9/2014 07:41

I think this RNS will be seen as the moment the floor in the share price was reached. Onwards and upwards from here IMO.

[senden11] 30/9/2014 07:37

All very positive and on a sound footing for a much more lucrative H2 - I can feel it in me waters!