Iofina Share Discussion Threads

[the librarian] 29/5/2013 09:07

In the majority of articles that I have read the 'new supply' has been attributed to ACF minera increasing production. I don't think that IOF will figure in that until the end of the year production figures are out.

All of the in fighting in Chile seems to be focussing the minds of people on that prospect, although their prices have dropped over there to $60/kg it is always reported that the US market price remains stable.

[n3tleylucas] 29/5/2013 08:19

Let's see how close YOU come to analyst's expectations matey LOL ...

"eps of $0.57" "analysts were expecting $0.60" = a 5% miss

[urbanyeti] 29/5/2013 08:13

What is noticeable is their eps of $0.57 is the same as the first quarter of 2012, even though revenue is up 17.7% to $623.4m.They are having to work much harder just to stand still, analysts were expecting $0.60 so they have missed estimates for the 4th time in 5 quarters.

[warmsun] 29/5/2013 08:13

I have taken it as a 'given' that we have not been 'under the radar' for some time now.....

[ansana] 29/5/2013 08:03

So the question is, if SQM recognise the no doubt unwelcome contribution to the Iodine market, is it time for us to recognise that we are not under the radar? Our cover is provided by ill informed financial commentators. Having said that if you accept the Investec note we are at fair value tiddling around at 2.30p.

[superg1] 29/5/2013 07:55

The SQM analysts know Lithium is abundant and that others could enter the market, but some had listed iodine as the safe revenue for SQM.

We'll have to see whether questions get asked on the subject of new suppliers in the earnings call tomrrow.

[n3tleylucas] 29/5/2013 07:51

"It was pointless paying for leases where they didn't think they oil or gas."

Always start the day with a good laugh.

[superg1] 29/5/2013 07:50

A quick comparison re two products for them, Lithium amd Iodine.

The biggest difference is the gross margin level overall across the SQM portfolio

Iodine and derivatives 36%, Lithium 9%

As you can see iodine and derivatives has become a big part of SQM's earnings.

Iodine and Derivatives

Market conditions in iodine were positive during the first quarter of 2013 and we expect this trend to continue in the future. Demand in all main uses continues to grow

Gross margin for the Iodine and Derivatives segment accounted for approximately 36% of SQM's consolidated gross margin in the first three months of 2013.

Lithium and Derivatives

New lithium supply is being added to the market at high levels, and as a result, as seen during the first quarter of 2013, our sales volumes for lithium and derivatives may decrease overall in 2013,

Gross margin for the Lithium and Derivatives segment accounted for approximately 9% of SQM's consolidated gross margin in the first three months of 2013.

[noli] 29/5/2013 07:48

Writz, you might just be right on that, my thoughts exactly, SQM must have discussed it if they are commenting on it.

[writz] 29/5/2013 07:39

Sorry, didn't mean to say that twice.

[writz] 29/5/2013 07:39

... or three times!

[writz] 29/5/2013 07:39

SG, the way SQM are treating the news indicates to me that they have already taken stock of the threat from IOF and that, consequently, they will already have discussed counter moves. I know I've mentioned that before, but I'm wondering how long it will take for a T/O bid to be put on the table.

[noli] 29/5/2013 07:21

Nice one SG, it looks like they know of the IOF growth, what other new entrants has there been in iodine that can take market share.

[superg1] 29/5/2013 07:14

It is anticipated that total market demand for potash will exceed market demand seen in 2012, although we have seen the impact of lower prices in our fertilizers markets. In the chemical markets we are seeing healthy demand growth, where new entrants to the lithium and iodine markets will capture some market share this year. For 2014 we expect markets to continue evolving positively and our sales to evolve accordingly."

[superg1] 29/5/2013 07:10

On the acreage. It was pointless paying for leases where they didn't think they oil or gas.

They had all the 3D data. So every lease they do have, is as a result of close examination of that data. They also had mud logs (well reports) for some areas.

[rugrat2] 29/5/2013 07:04

Last December I had an email reply from Lance stating that the area had reduced to 200k. I suspect as engelo says that the broker got it from the website, which doesn't seem to have changed for a very long time, as IOF have tried to stay under the radar.

[xippy] 29/5/2013 06:55

Engelo.. go to the windback machine that gives details of websites historically.

[engelo] 28/5/2013 23:42

chumbo: maybe the broker got it from the website :-)

[engelo] 28/5/2013 23:36

madchick: very difficult to spot small changes in a website. Suppose we should take backups of the website at intervals, and someone could write a text comparison program :-)

Was quite pleased with the 290k, so hope it will be restored :-) Superg (post 341) had evidently tuned into something on the astral plane. Sure it wasn't mentioned formally at the PI presentation.

[chumbo] 28/5/2013 23:25

MC: It was from a May broker note, not the PI presentation pack, but I don't know if it's genuinely bang up to date. As you say, maybe one to touch on on the 19th.

[madchick] 28/5/2013 22:51

Wow, that's a bit weird, chopping and changing around and then still ending up with 290k. No, I have no idea. I just know that when they changed from 30k to 290k acres some years back, they didn't change the bit about acquiring more land on the website and after a while I clicked that they just hadn't deleted it rather than it meaning anything. I see that they have removed that sentence now about looking to acquire more (they probably took it away ages ago since I wasn't really looking).

Does "a note from this month" mean notes taken at the PI presentation? Maybe it's something we can clarify at the AGM (I mean someone else can clarify if they want as I will probably be quiet :-)? We can also maybe clarify then whether IO.2 is at full blast as by then it hopefully should be.

[liquid millionaire] 28/5/2013 22:30

PRS



kcowe 28 May'13 - 17:25 - 2178 of 2201 1 0


liquid Millionaire could you tell me when Bison Energy was set up. and how large a equity stake PRS have in Bisons share capital. TIA



Unfortunately kcowe i can not disclose that information as it is imo deemed to be "inside information" as the market in general does NOT know. What i can say though is that PRS have a seriously meaningful investment in Bison Energy which would have especially at the top end of broker estimates an extremely positive reflection on the share price. Add in all the other bits and PRS should imo already be north of 1p.

Later this year could see PRS imo trading within the 2p to 3p region with a longer term [2014] share price target of 5p+

For some clues as to how Bison Energy could trade post IPO take a look at IOF

[superg1] 28/5/2013 21:40

It was a surprise to me, but it was near 600k acres at one point. They reduced it picking the 'sweet spots' on the 3D data.