Iofina Share Discussion Threads

[superg1] 17/6/2013 22:22

pj

I'll mention it when it looks set to move/volumes change etc, it could get bits of news near term but timing on key events are probably Q3.

I note your GDL interest. I've always had Jul/Aug as the likely rns date for the single test well, hence my H2 comment in January. We'll see how that goes

[ansana] 17/6/2013 22:22

Announced today by the chairman, and then there was the video a couple of days ago....

"US-based Iofina Plc. has said that it expects to soon be a self-financing iodine producer, even though the company has been extracting the chemical for less than a year"

Today's drop ....vagaries of the market.... Nice post Hit, good spot Lib.

Why isn't Hit posting on here anymore?

[superg1] 17/6/2013 22:13

Bogg

io3 in Texas would have been about a 125mt plant, with brine from 2 operators trucked in.

IO3 in OK could be 4 times that of Texas.

Io3 in Texas would carry higher opex due to less productionn for the same power use and emplyee's.

So in profit terms io3 at it's new location is worth 6 plus of Texas, so the same returns in 2 months instead of 12.

Back on my fave point, it's all about where plants go, not how many. careful selection of the best sites brings down opex overall.


What' the point of $15 to $20 mill opex for 10 plants and 1250mt production with $25 per kg opex. ($43m profit PA), when you can achieve that profit with 2/3 plants in the right location.

[che7win] 17/6/2013 22:10

Boggle,
The EBITDA for 2014 is £33.7m from Investec.

[n3tleylucas] 17/6/2013 22:08

Oh dear, now we get the explanation of why the ii sold.

Old hat.

[superg1] 17/6/2013 22:03

Mad

Your guessing. I keep dropping heavy hints re the grapevine here.

Change of staff at L and G meant certain funds were dumped. Dumped was a heck of a profit re IOF. It may be worth checking portfolio's for any AIM's held where LG have a chunk. If you have a supply it's probably LG.

Indicators so far suggest it could well be done or near done. We have all seem the the supply over the weeks and the sideways move. Now we know what it was.

[bogg1e] 17/6/2013 21:57

che7win - 2014 ebitda forecast (off of top of my head) $34 million, thats a 300% improvement over this years forecast. (i do think though that this is fairly priced in atm).

Newbie question - if i03 was moved to a new project in texas, why couldnt they have plants at both sites, surely both would be profitable, even if one is less so? Is it because of the amount of time taken to contruct the necessary equipment or the number of staff that would need to be hired per site? TIA.

[the librarian] 17/6/2013 21:56

I missed this one ... a message from hitsha on the other thread


hitsha3
17 Jun'13 - 17:49 - 508 of 509 0 0


SG, this is for you to pass it on to the rest.
here is nothing that I know of that would be cause for a drop in price today. Looking at it though, it appears the volume is relatively week so I doubt it will be sustained. It is surprising given that we will be in London this week for the AGM. We generally spark great interest in investors when we meet with them in London and it is usually reflected in the share price. I don't anticipate this week's events to be any different than past trips.



Regards,

Sam Huebner

Currently we have provisional patents and patents pending regarding our methods. We have been assured by the patent office that our patents with be issued without further comments. The issuance is anytime and only the patent office knows exactly. A search for a CEO is underway. We will update the market in due course. The rest of your questions will need to be answered in a RNS to whole market. Thank you for your inquiry.



Regards,

Sam Huebner

Analyst



Iofina Resources, Inc.

[n3tleylucas] 17/6/2013 21:50

Look noli, when I asked you about funding you were adamant that IOF didn't need any.

I trust nobody here.

I do my own research.

There is a problem here.

[noli] 17/6/2013 21:46

R & M- I can not see why a loan would take nine months given the forecasts.

IOF's tech is new, very new indeed. Any loan would require the plants to be running for at least 12 months if not more to gain a loan from a bank. Hence the bond.

[madchick] 17/6/2013 21:46

Not disputing comments that the selling may be over - I was rather thinking that because they merely said their holding was below 3% that they may be still in the process of selling more and therefore had not yet reached their final shareholding (if they even remain). But that was just based on my logic (ha ha) and no other information.

[che7win] 17/6/2013 21:45

Baguette,
Your views aren't unreasonable at all to me, your £2 target would be spot on if based on a business not forecast to grow past 6 plants.

On profits, I would take £6m profit this year as my target, next year looking for £30m.

That is 500% growth. Without water.

[baguette] 17/6/2013 21:40

Worraps

What a pathetic post shame on you

[the librarian] 17/6/2013 21:28

Not delayed trades, if you look on LSE site there are two delayed but the 70k were after the bell today!

[superg1] 17/6/2013 21:27

I think some said 400mt is the forecast for this year on production.

What we know so far.

recycling 5 mt per month (60mt PA)

io1 1mt per week (roughly .15mt per day). (52mtPA)

Using the .15 per day for io1.

April io2 .5mt per day (15mt) May .7mt per day (21.7 mt)(18.700 bpd).


If io2 stays the same the same all year, that's about 150mt to add.

60 (recycling)+ 52 (io1) + 15 (April Io2) + 21.7 (may io2) + 150 (rest of year io2 on 18.7k).

That's 300mt covered, without increasing BPD at io2 or anything from io3 to 6, or pods.

[n3tleylucas] 17/6/2013 21:24

Oh please, it's patience! There is no excuse.

[bogg1e] 17/6/2013 21:20

Could be delayed trades.

[uppompeii] 17/6/2013 21:18

Delayed trades?

[1madmarky] 17/6/2013 21:18

R&M, I don't know about conviction, but I am certified! This little dip will be nothing in the fullness of time. Just need a little patients or in the case of some on here, a bigger trolley. AIMHO. I'd rather be in than out. GLA.

[the librarian] 17/6/2013 21:12

I can understand the pent up frustration but to be fair IOF are on the cusp of rolling out 3 and 4.

After the bell tonight approximately 70k shares were bought between 2.19 and 2.26... that is quite a sum away from the 2.10 low, why couldn't they buy them at the lower price?! Why were they prepared to pay that amount?

[superg1] 17/6/2013 21:12

Bag

I'm not sure where you were shouted down re £8m profit, that would be a right result for this year. I'd be happy with that. That would cover about 300mt, but we will have the 2 month lag in payments

I talk annualised rates and if you go on what has been said (exit rate as the highest US producer) then it sounds very good indeed.

Do they mean Iochem, or the combined Toyota interests, so it's either 1200mt or 1500mt plus.

So 100mt - 125mt plus, $60m to $70m PA revenue as an exit rate.

H2 2103 and 2104 has always been our anticipated acceleration period.

Some seem to miss the point that it's not long back that 700mt was predicted as an exit rate but it recently doubled.

So no worries or concerns from me, and I'm sticking with my idea for the year end share price. If delivery comes of io3 to 6 it's perfectly valid without water.

[worraps] 17/6/2013 21:11

BAGUETTE.....You really do talk a load of nonsense. The well informed here have had the patience of saints with you! You are beginning to look like someone with an agenda.

[orslega] 17/6/2013 21:07

croc, precisely, it has been covered plenty of times.. the RNS's are very clear....imo stick with the facts as advised by BOD....