Iofina Share Discussion Threads

[superg1] 20/11/2013 08:19

Naph

Most are in iofina for the investment and circs.

So ones that don't like slips are probably short term traders taking risks with cash they don't have on occasions.

Other irons are in the fire, for near term news from recent digging, keeping tabs on it, and nothing major has changed on that front.

So I'm chilled.

yes io1, 2 on high bpd and 3 joining in should hit that 700mt rate. Io4 on time would have taken it towards the 1000 mark imo.

[plasybryn] 20/11/2013 08:19

Some of us said months ago that the roll out program wouldn't be delivered and for some reason the Mgmt didn't have the balls to admit it. It was obvious from the lack of progress during the year. If we could see, surely they knew it.

I have bought back in about a month ago, because I am happy with the roll out program, just not happy with the Mgmt who seem frightened to tell the truth.

[jonnyno1] 20/11/2013 08:18

Slippage is understandable and at least the bod recognise that keeping the market updated is much better than waiting until after the stated deadline which so many companies do!

[1madmarky] 20/11/2013 08:14

Record production for October, should also be record production for November and also December as io3 gets up to speed. As long as IO1 and 2 continue as they are. So at the end of year we should have 4 And 5 just waiting for towers, 2 weeks to complete then commissioning. So a slip but not by much. Ho hum.

[captain_kurt] 20/11/2013 08:09

Looks like afew are going to get cheap shares before the next news :@)

With half of the opex of SQM, will the industry let Iofina keep laying golden iodine eggs ?

[supreme mo] 20/11/2013 08:08

Whilst everyone is flapping in blind panic. .. just read this from SQM... now which competitor could they be referring to...... powerful words "impacted our third quarter results" - is this the "ping"??!!!

Mr. Contesse went on to say, "In the iodine market, we have seen slightly lower growth than anticipated demand during the first nine months of 2013.  As expected, we see new volumes from competitors in the iodine market, which impacted our third quarter results. With limited public information available from our competitors, we do not have a clear view on supply growth in the future; it is therefore difficult to give specific guidance relating to our iodine sales volumes for 2014."

[rogerbridge] 20/11/2013 08:04

It is not how many plants we have up and running, but the tonnage delivered. I know problems with suppliers all too well. There is a boom going on in the USA and suppliers are flat out. It is disappointing in the short term, but it is a blip, IOF is turning into a monster, devouring competitors.
RECORD PRODUCTION!

[meadow2] 20/11/2013 08:04

Jamonit - Ref: post 11226. My apologies, you were correct regarding delay of IO#4 and IO#5.

[baguette] 20/11/2013 08:00

Todays RNS is a big let down - in a nutshell it simply says more delays. Very disappointing that they now find the towers delayed beyond what we were told only very recently.

Of course there should be more production if another plant is on stream - the statement "record production" means absolutely nothing it could just be a few kilos more.

Sadly again just words and absolutely no numbers which I find astonishing.

I suspect the share price will be weak again as a result

[monts12] 20/11/2013 07:57

Naphar
I see what you're saying, they're not exactly shouting from the rooftops but they are not obliged to reiterate previous guidance. Lack of increased or reduced forecasts means previous guidance is correct and therefore we are on target for production unless they say otherwise.

[skasher094] 20/11/2013 07:56

Rarely post but have to say am somewhat disappointed with update as effectively only going to have half of what was promised in place by end of 4th quarterLast rns indicated moving 6 to 2 location this one now intimated that a decision has not yet been made on 6It has taken 16months to get 3 up and running! A possible on the plus side according to figures bandied about by others is that their could be a further spike in iodine prices ifProduction shortfalls by competitors continue to materialise

[naphar] 20/11/2013 07:46

I did not think of it that way monts and maybe you are right, but like me, I don't think most will think of it that way. I wish they would have re-iterated that if its the case.

[supreme mo] 20/11/2013 07:46

Whilst it would have been nice to see some numbers or a statement to the effect of "the board still remains confident of achieving a 700-1000mt exit rate" BUTAs SG says - it's all in the RNS'... because of increased brine flow at Io2... can we assume we are now at 30k bpd there at around 300ppm? Plus 100mt for Io1??? Do the maths on that and see where we are let alone what io3 will do.For me not concerned 1 iota as tech works, we have the brine leases, we have the ppm and we have volume... the rest will take care of itself. ...A month or so concerns me not.

[orslega] 20/11/2013 07:44

monts12 - precisely.

[monts12] 20/11/2013 07:41

There is no reduced guidance for production, therefore we are on target for 700-1000 tonnes from IO1-3, that's good news!

[captain_kurt] 20/11/2013 07:41

November 20 2013, 7:28am

Iofina production hits record levels as third plant gets sign-off



Iofina sets output record in October

[superg1] 20/11/2013 07:37

No surprises there, we knew io2 was getting more brine. Io3 now running. Slip into quarter 1 due to towers. Before anyone asks, someone asked re tower build times. They take 2 weeks once they get them. It looks like io1 is up on production too.

I have some SQM facts. It's looking like those closed mines mean a 2000 mt production drop.

I note they are in the dark re who is producing what, they comment on it. So no surprises that IOF haven't quoted exact figures yet.

Ammons

as for wanting an update within 2 weeks. Should get one IMO but not on that subject

[noli] 20/11/2013 07:35

A slight slip into the next qtr is not a problem in the longer term, record production from 1+2 is good news with io#3 now adding to the pot.

[captain_kurt] 20/11/2013 07:34

IO3 up and producing quality iodine !
Coupled with record monthly production which is set to continue!

Ticks my boxes !

:@)

[naphar] 20/11/2013 07:33

I don't think it is serious for the business plan ammons, no
Damaging for the share price? We will have to see. It has gone up in the past on similar mixed news if I remember correctly, so I don't know what to think

[ammons] 20/11/2013 07:24

Does anyone seriously believe that a delay from Q4 2013 to Q1 2014 is particularly serious? Is there anything in that update to suggest that the plan is derailed? No doubt the blood drinkers will want another update in two weeks or so.......

[monty panesar] 20/11/2013 07:17

I see SQM have reduced production significantly.Q3 sales down 30pc and iodine prices are stable-only down 3pc on 2012.

According to their statement they don't like to talk numbers as all their competitor(excluding IOF and SIM) are privately held.

With IO3 on line we should have another record month in NOv. Pity they haven't given more detail all round in the statement.

Guess more news will filter out with the brokers notes.

[warrensearle] 20/11/2013 07:15

Something for the Bulls and the Bears there

[meadow2] 20/11/2013 07:14

Somewhat disappointed that 4 & 5 will be delayed, but, apart from that, all seems to be progressing as planned.

[che7win] 20/11/2013 07:03

News out, "The Group is also pleased to announce that October production set a new monthly record. "