Iofina Share Discussion Threads

[festario] 10/9/2013 12:38

What was really an 'ooops' was me selling the rest of my GKP at 176p to continually buy more IOF over 200p.I am sure that the tide will turn in my favour...Let us hope that I will be ultimately rewarded.

[superg1] 10/9/2013 12:25

RE GKP

I see things have turned out well.

Didn't out fave troll go on their to short it and cause havoc a while back, ooops.

[sandbag] 10/9/2013 12:24

In case anyone doesn't know here's what prilling towers look like:

[engelo] 10/9/2013 12:06

sG: yes, that sounds right.

[superg1] 10/9/2013 12:02

Engelo

I presume mud just means that, and it's not in it's driest form hence has some water weight to it.

Prilling dries it, and puts it in an easy handling form of those smalls balls

[engelo] 10/9/2013 11:56

Gad, SG: (8081/2) thanks for info.

Re product terms I was confused by Jeff P's description at the last PI meeting so recently asked Sam for clarification. As I now understand it:

1. There is a single product produced atm which is called interchangeably crystalline iodine, mud or cake. (I believe raw iodine is equally valid.) I'll use mud.

2. Mud is currently used by IOF Chem for all their derivatives manufacture. It is believed to be useable by IOF's external customers for all except a small minority of applications. (This 'gap' will be filled once the prilling plant is built next year.)

3. Mud is less pure (85- 90% I believe) than prilled iodine (99.9%). (NB this goes against opinions expressed on the 'old' thread that prilling does not enhance iodine purity.) The exact content of mud varies depending on the brine source.

4. Mud fetches a lower price than prilled iodine because of the lower iodine content: generally quoted market prices are based on prilled iodine.


We need to adjust IOF's projected iodine revenue figures to reflect the lower market price of mud. However it's evidently cheaper to produce than prilled iodine which lowers Opex, so swings and roundabouts.

[warrensearle] 10/9/2013 11:53

Monts gkp decision was announced at 10:30 live tweets from the court trading trading commences at 12 today - will open 20 - 30% up

[superg1] 10/9/2013 11:38

Fest

I have posted re FUM and my thoughts on what is coming, with some negatives too.

These are my thoughts of what is coming for IOF-:

Chem div performance, good results H1 v H1 last year increased revenue.

IO3 on time, and all other builds for H2 going well.

Io2 receiving some new brine and more to come, production in Q3 exactly as they said, improved up to level they stated they would achieve and maybe beyond.

CEO sorted, you can see the post of H, and I agree.

engineer report arrived at the water bureau office when they said it would (mid August)

The timeline for io3 to be complete is the end of Sept, and that fits in with the interims.

So based on research I'm expecting the above. Post interims it seems the IOF team are doing institutional presentations and it may not end in just London.

On the surprise side, Weil seem to be pressing on re helium, so they will surely have an interest in IOF acreage.

We may get updates re interest in the deep rights too.

I suspect IOF will be predicting profits for this year.

With all the above if that amounts to the share being worth 75p as the nay sayers say, then I have made the wrong call.

I know who I have met up with at a meeting, and I know their intent, I also know the intent of quite a few other significant investors too.

So sell IOF shares to buy FUM, not the slightest chance of it.

I have done the reverse in the past and saw IOF as a quick hit to get 30/40p from 18p then exit. However as I kept looking the picture kept growing, so I stayed long term and won't be going anywhere.

FUM is potentially a great share, but they need to get that main product launched in 2014.

2014 and 2015 for IOF could be amazing and is clearly mapped out to deliver into.

The extra's are very lucrative for IOF and may cost nothing to turn into significant cash, through lease purchases from IOF, JV's or Farm in deals.

IOF just got a 15/20 year patent. I'm not sure how long they last in these circs.

FUM's lead product is down to 6/7 years left due to all the faffing around trusting others, but they have enough in the pipeline to take over from that in the coming years.

[monts12] 10/9/2013 11:35

nearly 500,000 GKP bought at nearly 225p!
Edit
Before court decision revealed??

[diggulden] 10/9/2013 11:09

I'm certainly not selling IOF to get into FUM either. I have a small position in FUM but nothing compared to what I have here. FUM might double over the next 12 months but I have much higher expectation for Iofina.

With recent rumblings in mind I am hoping for a CEO appointment RNS and maybe even an IO3 completed RNS before the interims.

For anyone who wants to comfort at the current share price levels, take a look back over the last 18 months and compare share price performance to when IOF have been doing presentations in this country. You will find a very clear and defined repeat performance.

[superg1] 10/9/2013 10:49

Fest

No I'm not selling IOF to get FUM, neither are the IOF holders I know, most were in mid 60's, but not at the expense of IOF.

Check my posts on the FUM thread in early 2012, I was out and into IOF and announced it as such, then kept the research going on that one to share it.

You won't be seeing that from me here, all the doom and gloom from the naysayers, I'll be topping up here, and they talk the other way. I prefer my research to theirs.

I'll expand on the 'no comment'. I think H is spot on, plenty of serious rumblings around regarding that, and we'll see if an rns pops up.

I was half expecting one today.

[che7win] 10/9/2013 10:36

I would say Dr Fay has his hands full with the BRT takeover approach fiasco.

At least they know how to rebuff a poor offer!

[warrensearle] 10/9/2013 10:27

Ok so from all the winks and nudges I assume we have offered someone the CEO role and they are working notice before they join or it is announced ? - I don't know why you can't say that SG it's not inside info if you have established this yourself only if someone at the company has directly told you before the market - so if we have one say so - no more smoke and daggers ... Anyway fromWhat has been heavily hinted if no CEO announcement before interims I will be severely dissapointed ... FUM is flying - GKP court announcement in one hour - time for IOF to rejoin the party !

[roboben] 10/9/2013 10:24

Precisely!

[escapetohome] 10/9/2013 10:14

IE the t isnt crossed and the i not dotted!

[roboben] 10/9/2013 10:12

The relevant point is that the market doesn't know that they have one - and won't until they RNS it.

Which, of course, they are obliged to do as soon as the appointment is made!

Ergo, they don't have one!

[festario] 10/9/2013 10:11

Strange answer Superg? It is well past the time for that issue to be resolved, and that supposedly imminent and 'fast-tracked' water application.

In any case, what is with the continued weakness here? I suspect that a supply is being created by IOF holders selling IOF and getting in to FUM.
Titus10's buy signal is looking a bit old and stale.

[superg1] 10/9/2013 09:58

H

Best I not comment :-)

[superg1] 10/9/2013 09:58

For those that follow Sirius, news in the last day or two.

'SQM advanced 9.2% to CLP15,863.00. Local analysts said the company benefited from rumors that Suleiman Kerimov, the controlling shareholder of Russia's giant potash producer Uralkali, may be forced to sell his stake.'

You will know the relevance of that better than I do.

[hurricane.] 10/9/2013 09:50

Whats all the waiting for a new CEO bit. They already have one DYOR.

[superg1] 10/9/2013 09:19

gad

On the in house stuff, it's around 300 to 400mt I believe at this time, but was said that, with shift doubling and additional production lines they could probably go to 800mt in the existing unit.

They did of course a while back buy land for future expansion, so plenty of room for the future.

On the iodine, mud/cake/crystal, they quoted a market for 1600mt them prilling after that. From that and a few things said, I think they have a buyer lined up.

I would imagine animal feeds, paint additives and coatings and biocides etc don't need the high quality iodine, so I have a US end user in mind for who may buy that amount, in that form.

IOF did announce that the plants produce high quality iodine suitable for all applications (must dig that one out)

I think it's very relevant that some Chile mines are now producing low grade iodine and that had been a bit of a surprise. I heard of one late last year that had the issue, but I thought they had moved on, clearly not.

One factor that will surely feature for the future is the carbon footprint.

Japanese tech...... ends with mustard gas as an end product.

SQM and others pollution via sulphur burning and other methods.

IOF say they can go to zero emissions or extremely low emissions, I suppose it depends on the brine make up at each location.

Then of US end users importing near 6000mt there is the supply distance to add on re carbon for supplies from Chile.

Those factors should feature once IOF become a material producer

[gadolinium] 10/9/2013 08:51

Che post 8062,

What we really need is the selling price of Iofina's 'iodine mud'. Presumably this material at 85-90% purity will trade at a big discount to commercial grade 'crude' 99.5% grade or USP 99.8% grade prices ($50-60?). I presume the 10-15% of impurity is mostly water, which should be acceptable for many purposes. Moving to purer prilled stuff will command a higher price, but will also increase opex somewhat.

I imagine all of our iodine is still being 'sold' inhouse to Iofina chemical at present.

[gadolinium] 10/9/2013 08:31

Engelo,

They may be getting selenium as a by-product of iodine extraction from Atacama caliche beds.

[superg1] 10/9/2013 07:23

Hey we are getting better, we sussed butler in a flash.

I double checked re the SQM rumour. it seems they have closed down two old mines that were near their end of production life.

Sirocco switched to inventory building, and some mines producing poor quality iodine.

[n3tleylucas] 10/9/2013 01:57

Is the debt junior or senior? Who gets shagged? Find out.