Iofina Share Discussion Threads

[diggulden] 27/9/2013 09:38

Don't forget 20k 'ready to go' at IO3, although I seem to recall a quote somewhere saying there was more than that. Point being, there is no waiting for pipes to be connected and signed off like IO2.

[the librarian] 27/9/2013 09:33

It's tested for leaks then Bob, and if all is ok they start ramping it up... they have said two weeks for 'snagging' in the past but could be a couple of days before the ramp up on brines begins.

[bobsworth] 27/9/2013 09:21

So once it's connected to the mains which should not take very long. How long will it take Iofina to commission the plant if all is well - a week or more?

Just trying to guage when we can expect an RNS confirming IOF#3 tested, commissioned & in production.

[superg1] 27/9/2013 09:06

Bob

Electric tie in will be the service company guys doing their bit to connect the lead to the mains.

[nevmyers] 27/9/2013 08:44

electric tie !!!!!

sounds shocking lol

[bobsworth] 27/9/2013 08:33

Interims state-- IO#3 in final stages of construction, with electric tie in coming planned at approximately month end.

I wonder how long the electric tie in will take & commissioning of plant after that!

I guess electric tie in means switching it on!

[spike_1] 27/9/2013 07:58

I'm sure it was £ as it was a comment ('double figures')in response to £6.
IMO The most likely successful bidder would be an end user to protect their market. Dow chemical (IOF client) had a turnover last year of $56,786,000,000. I imagine they could find enough lose change to take us out. But there will be more than one bidder.

Best wishes - Mike

[naphar] 27/9/2013 07:31

SG, I could not agree more with your last post.

I also feel any acquirer will not close down of plants, they would be crazy to. Why buy IOF then close down a low Capex, lowest opex producer in the market? It would be far better for that acquirer to rapidly roll out IOF plants, close heir own high cost operations (if they already produce iodine), and aggressively pursue a price competitive strategy to force others out of the market.

[naphar] 27/9/2013 07:21

Bog, I am not sure it's worth worrying about. If they sells I feel convinced they will get us the best price possible. I feel sure they will rebuff any silly low offers in quick time. I know they are building things up as quick as they can to push up any takeout price as high as they can, and to show it's possible to implement a fast rollout plan. The quicker and more efficiently plants can be rolled out, and I have to say the iodine sold to bring in the money, the more aggressive they can make their future roll out plan, which would have to be factored into a DCF analysis when valuing the company.

So to me, having met them face to face at 4 presentations, if they said or meant $10 instead of £10, it's kind of irrelevant, as I believe value will out in the end. And they will fight hard to get the highest takeout price they can if/when serious offers worthy of consideration come in.

[superg1] 27/9/2013 07:10

I don't think we need to worry about what figure they have in their heads.

All they will do is concentrate on rolling out those plants this year and next. That's the best way to achieve any figure they have in their mind.

I recall the comments on here re some saying companies that try to expand too fast often fall apart.

However all IOF keep doing and told us straight on presentation day, their focus is delivery of the core business, and right now that is broken down into heavy concentration on building the initial plants.

They have a potential monster oil field but quite rightly focus on the here on now thinking days and weeks ahead, not years.

The whole set up feels like a case of 'looking after the pennies, and the pounds .........'


On the io37 quip during the meeting, I was tempted to ask re timelines, completion date, bpd and ppm, and who were they going to sell that iodine to.
:-)

Now I can post this once again without the fear of it being misread. I am not concerned if they get weeks or months behind on particular plant. As you all heard this a boom in action and there will be twists and turns beyond IOFs control.

All that matters to me is that they have a business plan to roll out those plants. Their confidence was clear, they are a highly experienced team.

Their is a pot of gold waiting for that team, if they deliver. The circumstances of the niche sector they are in have turned hugely in their favour (Chile capex and opex nightmare), they could not orchestrate that, it dropped into their lap, and now they intend to make hay while the sun shines, the options for any iodine producer to do anything about it, is very limited.

I see some say, buy iof and close it down. I say buy IOF and use the business model to close other Chile miners down. The iodine is there to produce on a large scale. Such an opportunity just a year back was believed by the majors in the sector, not to exist.



Toyota Tsusho who want 15% of the market and are in OK said-:

Therefore, Toyota Tsusho has engaged in iodine mining and production in Chile, which is the only country in the world where large-scale development is possible.




How is it that a few UK PIs, spotted a huge iodine resource under the offices of Toyota connected operations in Oklahoma, AND THEY DIDN'T ???

I now hear those lot count lorries in and out of io2 lol. Not so funny says I, as we nearly flew out to do it ourselves. :-)

[malachey] 27/9/2013 06:59

It's a thought Boggle, but extremely unlikely he would have responded in dollars to a question put regarding the share price

[bogg1e] 27/9/2013 00:51

Yes, but they are based in the States and have been for years, they are used to thinking in dollars, it would under the circumstances (they are very busy atm, probably a bit tired, lots of meetings, travelling etc) be an easy mistake to make.

[sandbag] 27/9/2013 00:16

"
As IOF shares trade only in a GBP market, I hope & believe he wasn't thinking $. But not absolutely certain, of course..."

Why on earth would he think dollars? We trade in pounds sterling (and the more the better). :-)

[jasones52] 27/9/2013 00:02

Bogg1e - 9244

As IOF shares trade only in a GBP market, I hope & believe he wasn't thinking $. But not absolutely certain, of course...

[bogg1e] 26/9/2013 23:43

Regarding the "double figure" take over fee. Ok, back in the summer AGM we are told that Lance mentioned that an offer below £6 would be rejected. Now Chris at the investor presentation stated an offer would be "double figures". However, if he is thinking in dollars (after all a takeover offer in the US would be in dollars) and double figures implies $10, that with the current exchange rate would come to about £6 as Lance mentioned. Are you absolutely sure that Chris Faye means pounds rather than dollars? Thanks.

[big7ime] 26/9/2013 21:42

Switch into ATC proved good,

Good day for ATC today, much higher profits than expected and the share price doubled but has much further to go, probably double tomorrow too as p/e is around 2.5.
h2 expected to be even better! So a four bagger at least short term Imo

[superg1] 26/9/2013 21:41

There you go more typing errors corrected.

But to add to the list, the last one was done while trying to sort cooking ingredients for my son lol.

1MM

Give them chance, they only just got the bad news today.

Should have gone to specsavers. Whoever wasn't wearing the glasses, probably won't be feeling too comfortable right now.

[bobsworth] 26/9/2013 21:38

Fools!

Someone needs to tell them that the train Iofina has left the station with the smart investors on board leaving the toasting shorts behind and picking up speed fast!

Next stop IOF#3 then 4,5,6,7,8,9,10,11 &12 etc collecting oil/gas & water on the way making it very difficult & expensive for anyone to take them takeover. LOL

[1madmarky] 26/9/2013 21:30

ennis still look to be short the full 1.29%.

[n3tleylucas] 26/9/2013 21:08

Not one of you has the bloody gumption to ask what profits are expected to be.

[superg1] 26/9/2013 20:45

jb

Saw it and read it, I need to digest it some more, but if they deliver as plan, it must surely makes it's run at some point, if the maths fits.

[superg1] 26/9/2013 20:02

Scrut the first thing I said post meeting was how much more relaxed and comfortable CF seemed.

Mind you last time, he was dropped in at the deep end, and as he said trying to run the company by phone.

No doubt the furrowed brow became less visibly wrinkled, over the time period when further staff arrived on the scene to bolster the team.

Lance was unfortunately abruptly absent as we know, all the guy is a font of knowledge within the iodine sector.

It takes a long time to get to grips with understanding that sector, and there are so few experienced professionals within it.

So I imagine much of his more relaxed approach, is down to the extra support, and his obvious confidence in the team.

As I recall he is a married man, and the sudden involvement with the extra work, wouldn't have gone down well at home.

I speak from IOF research experience.

I now picture a few nodding heads.

I could do a Kama Sutra version of Iofina posting. A list of locations and circumstances I have been in trying to post and answer comms.

The golf course is my escape, as the signal is not good, but if it backs up on a par 3 one day, I'm sure I'll find a decent signal on yonder hillock, to tick that location off the list (I wish I was joking)

[n3tleylucas] 26/9/2013 19:40

I tell you, when you lose SCRUT, you lose the best poster you will ever see on these sites.

Not because he's winning or losing, but the clear expression of the dynamic of extreme share trading is laid bare.

It's wonderful, so enjoy it while it lasts.

[monty panesar] 26/9/2013 19:27

Thanks for all the feedback. Very pleased to hear a member of the board indicating they have no intention of selling out below £10.

Has more credence when that Director was on the Board of Shell,Anglo American, BAA and Expro Int.

Long may IOF stay below the corporate radar.