Iofina Share Discussion Threads

[matrixtrader] 12/9/2013 21:18

Wouldnt be too concerned worraps, I would expect the update to surpass most people's expectations on all fronts in terms of progress, even the most positive of us ;) countdown begins!

[worraps] 12/9/2013 21:05

Oooooo, now I like the mood this evening! I can feel from SCRUTABLE'S tone that I might be in for a pleasant surprise. This I like, a much more comfortable feeling than being dangled on the end of a string for the last 3 long months.

Thanks all of you, for making me feel there's a light at the end of this tunnel, created by the dark shadows of a low lying shareprice.

engelo.....if you really think they'll update us on IO4, 5, and 6 too, ....well that will be even better!

[superg1] 12/9/2013 20:12

Scrutable


'The Bears have an unexpected pasting to come.'

The benefits you have, of long standing relationships in investment circles I suspect. ;-)

[meadow2] 12/9/2013 19:55

We've been promised the interims and an update - perhaps - on the state of production, so don't get too excited. I'm hoping to be proven wrong!

[engelo] 12/9/2013 19:52

Worraps: believe IOF will give a full report on progress re I02,3,4,5,6 but will wait until the interims to do so. (The longer they wait the better it will be.) If the CEO appointment comes to a conclusion before the interims they can't and won't hold up an RNS, so still could happen any time.

What puzzles me is the continued slow progress of the water permit, which is not in IOF's hands (except they presumably chase it up from time to time). A whole month since the deficiency response was received from IOF, and imo progress to 'correct and complete' status should have been more or less a formality.

[scrutable] 12/9/2013 19:48

worraps. You won't be disappointed unless CF dissembles again. The Bears have an unexpected pasting to come.

[croc8] 12/9/2013 19:17

Worraps, it is only 9 working days!

[worraps] 12/9/2013 18:53

superg, so are we not going to hear anything at all, on the water permit, CEO, or IO2 and IO3, before the interims? It's going to be a very packed update if not. Could be a double whammy if the interims turn out better than expected. I don't know whether to be excited, or daunted! I think I'll go for excited....I'm in an optimistic mood.

[superg1] 12/9/2013 17:18

Nice to be quiet Tackems.

All is well on the good ship IOF as will be seen over the next few weeks.

Fum is a share, that on delivery, should be a fab one to follow over the next year or two.

Only 8 trading days to the IOF update, so not long now.

[weildy2] 12/9/2013 17:14

A bit of news concerning our new CFO's previous employer.

hxxp://www.bizjournals.com/denver/blog/earth_to_power/2013/09/ascent-solar-picks-gregorak-as-new-cfo.html

[peterz] 12/9/2013 16:13

Wish I had bought a few. Could have sold on the spike (like some) and bought a few more here. Come on IOF.:-)

[tackems] 12/9/2013 16:03

Very quiet on this BB today, everyone seems to be over on FUM!

[superg1] 12/9/2013 06:44

Troll up until at least 03.20hrs today and 04.20 yesterday. Twitch twitch.

Engelo

The Lithium tender was a farce too, family connections in SQM, the mining minister had to resign and SQM had the tender taken back.

Take a look at the Cosayach boss, SQM and Cos really don't get on. Plenty of mud slinging will now go on form other miners.


The interesting line was this

'Following the Russian move, SQM said it was cutting its planned spending for this year and would invest even less in 2014.'

The main part of that spending was to move to new areas as to old mining sectors they are on, are depleted, and near the end of their life. In fact I hear they have closed two down.

If they are cutting the spending that seems to suggest, they will stick with what they have rather than add mines.

What many may not realise is that, the nitrates/potash side is a tandem production. Opex for iodine is just a split of the entire production process to produce nitrates and iodine.

If they trim back on nitrates, they trim back on iodine too.

This is probably the weakest position SQM have been in for many years. They used to turn the screw on others at will, but now that would mean shooting themselves in the foot.

[engelo] 11/9/2013 23:26

che7win: interesting calculation as to when IOF will be selling iodine into the open market. Probably first wave catered for by individual contracts: and no need to advertise as (from my memory) the US demand is said to be for as much as they can produce.

[engelo] 11/9/2013 23:20

sancler: SQM controlled by Pinochet's son in law: news to me :-) The idea of him rigging the market is of course preposterous :-)

[che7win] 11/9/2013 20:19

Superg,
interesting that Dr Fay in his videos interview in June expected stable prices over the year too.

It looks like the market is finely balanced with SQM probably throttling back a bit.

Of course, we won't be selling iodine into the market at this stage, all production from plants will be supplying the chemical side. That will soon change :-)

[jointer13] 11/9/2013 18:13

chile sure has its problems sg.

there's only one place to go if you want to be the No 1 producer of iodine in the future.

"we are changing the iodine world forever"

bring it on.

[superg1] 11/9/2013 17:51

And look at the Chile side.

SQM going into defensive mode, Sirocco inventory building, some Chile mines having quality iodine issues, power and water issues to get worse. Strikes still going on various fronts, Chile courts blocking progress on environmental grounds, wage costs rising.



Power costs up 92% in Chile as drought continues

By John Wills - Wednesday, August 14, 2013


'Drought continues' and they have just had their winter. Spring and summer to come, it's only going to get worse for them.

A comment re a closing paper plant from just days ago-:

'The paper manufacturer has been struggling with rising costs, leading it to report second-quarter profits below market forecasts last month.

Steep power prices, a creaking grid and delays to big, controversial energy projects have created a headache for Chile's government and for mining companies and others that make heavy use of electricity.'

[engelo] 11/9/2013 17:20

2014 only 4 months away and then there'll be at least 6 more plants to ignore ;-) And that's ignoring the mini iosorbs, maxsorbs, hypersorbs etc.... getting carried away 8-)

[superg1] 11/9/2013 16:41

Fresh

As you have asked, imo in quick time post results, update, and presentations.

How long can 6 plants, and the potential revenue they would create, be ignored?

[freshvoice] 11/9/2013 15:56

How long before we are above 200p?


I think we may see some large buys reported after hours today?

[the fat controller] 11/9/2013 14:16

che7win,
Thanks for that info.
Patience for a bit longer required...!
TFC