Iofina Share Discussion Threads

[che7win] 09/8/2013 09:45

Florence,
I agree completely with what you say, first off there is a time difference of 6 hours between Oklahoma and london, probably more from Colorada.

The sooner we get a new CEO the better.

[florence10] 09/8/2013 09:39

I fail to see how CF can make much impact in the Company whilst residing in the UK.In fairness he does have an impressive CV.

[engelo] 09/8/2013 09:39

che7: you're right: need CEO.

CEO news and water are the short term drivers and should at very minimum steady the ship. Meanwhile:

SG: thanks for I02 update:-)) very good to know this but...

All depends on when IOF decide to update the market with I02, I03/4 news. If this is all going to plan (and I feel very confident that it is, maybe even ahead) then 6 plants next year will change from a position to be sceptical about to a complete formality on a sixpence.

For strongest I02/3/4 etc statement needs CEO to be either physically on board, or actively participating imo.

[diggulden] 09/8/2013 09:27

'roundup 9 Aug'13 - 08:51 - 6802 of 6806 0 0

I hope they take plenty of time to find the best possible person for the post of chairman. Only one thing worse than having no chairman , that is having an incompetent one.'

Made me chuckle. Not sure the stand-in CEO is doing much for market sentiment! I get your point though!

[che7win] 09/8/2013 09:21

P/E of 25 based on FC next year EPS figure of 9.93p means a share price of 250p is realistic, especially as EPS will grow 600% between this year and next year. That figure FC expect to be "materially exceeded" so plenty of upside potential.

Next year target would be 400p based on a P/E of 25 and their EPS of 16.33p, so that should be achieveable if we see tangible progress in the business from here on and again with good execution they should exceed.

We do need better execution in the business IMHO, they have stated six plants next year, that's one every to months which I think the market will remain sceptical of for now which is understandable.

It's time for the new CEO to come on board.

Ps above figures based on ppm of 125 with plants in OK probably twice that or more and not including mobile or high production sites, extremely conservative to me.

[roundup] 09/8/2013 09:14

Oops!! CEO

[the librarian] 09/8/2013 09:03

lol, if they oust CF as chairman (and acting CEO), there would be positive sentiment.... bless him :-)

[che7win] 09/8/2013 09:02

Superg,
I wasn't aware io#2 was up to full 30k throughput, nice to know if it is.

They are moving in the right direction, even with the delays the growth is going to look impressive from here on, the market will like the year on year increases.

Certainly, that should command a forward P/E of 25 going forward, makes the current share price look very pessimistic with First Columbus target price of 239p a target in the short term.

[roundup] 09/8/2013 08:51

I hope they take plenty of time to find the best possible person for the post of chairman. Only one thing worse than having no chairman , that is having an incompetent one.

[ansana] 09/8/2013 08:51

Che7win snap anticipation. It's all about sentiment positive sentiment and we have much to be positive about.

[superg1] 09/8/2013 08:49

Che

Well it should be if they convert up to io6 into producing units over the coming months. We have seen delays, and those shouldn't be an issue overall, I don't get hung up on financial reporting timeframes.

If up to io6 equates to a daily rate of more than the US top producer, then 60mt from the h1 plant production becomes 600mt in the same period.

A $30m add on, for a 6 month period just for the bulk iodine, whether that kicks in on Dec 31st, March 31st, or later, doesn't bother me, it's very significant growth.

They don't necessarily need up to io6 to do that, it's just all down to Bpd processed and whatever the average bpd is across them.

The mention of maxsorb without further comment just keeps us guessing when they will kick in.

Maxsorb is high bpd beyond 30k units.

We know io2 is up to 30k and one other in that range appearing as they have a titanium unit going in.

Pod's single well high ppm wells, 1k to 6k bpd.

Hydrosorb, low bpd but extremely high, or hyper ppm.

The tech works, the boom is going on. IOF are with a number of partners, I found another one yesterday, but haven't heard of them, and haven't looked yet.

[ansana] 09/8/2013 08:48

as the news gets closer the share price will strengthen on anticipation. Tentative signs of a reversal. I said tentative.

[che7win] 09/8/2013 08:44

Engelo,
I expect it will rise in anticipation of progress in the business, plenty of news in the next couple of months.

[engelo] 09/8/2013 08:40

che7: need an RNS to stir the pot. Imo water update and CEO news very likely next week or two. Assuming next water news is clearing the first stage and is not more drip, drip this should be very positive: second 45 day stage ads in the papers is a formality. Likewise CEO will be a big boost. I hear that there's been a good list to choose from and the favourite is oil industry exec.

[che7win] 09/8/2013 08:23

Chart starting to look better here, it looks like a nice buy opportunity.

[iof multibagger] 09/8/2013 06:46

All my shares transferred to isa now. happy days bring on the plants and iodine
haha.

[superg1] 08/8/2013 19:14

John10

Well that factor may be determined by how well the US does. I noted this the other day, and similar reports-:

[superg1] 08/8/2013 19:09

GH

VMH explained that one.

It will be an order over the day picking up the average price. It won't be individual fee's as we know them, on share purchases.

So it just drips along at intervals. We have seen it quite a few times before on IOF.

[che7win] 08/8/2013 16:35

I've just done a bed and Isa transaction on two Isa accounts, quite straightforward with IWeb, they only charge one commission and dealt with the market makers on 0.5p spread.

[bogg1e] 08/8/2013 16:10

cheers beercap. Perhaps there's still the bed and isa thing still going on.

[beercapafn] 08/8/2013 16:03

Boogle. I think they were down Monday for 2-3 hours. Looks like IT problems.

[grahamhacker] 08/8/2013 16:03

810 & 177 shares - all repeated purchases, several times around 15:48. What's all this about - anybody any idea?Many thanks

[john10] 08/8/2013 15:54

HYR

Mr B. says that he is devoting a lot of time and effort to this company.

However, the large expected returns depend upon the price of oil not falling by a great amount.

[bogg1e] 08/8/2013 15:40

Hi beercap, TDWaterhouse