Iofina Share Discussion Threads

[ansana] 17/12/2013 08:22

A realistic rns. No we didn't get bpd or ppm figures or hear just how far over 1000kg per day they are but we didn't really expect to annoying as that is. Square 1 is right. There is quite a game being played out in the Iodine market and IOF made reference to it in the RNS, they are well placed with their low opex and capex. Construction of 106 has commenced, 3 additional full size plants in 2014 and some additional mobile plants. The mobiles are designed for the high ppm sites, so let them focus on the high ppm sites. It will take IOF longer to achieve our expectations of them. Their fault or ours. So people will sell and the Institutions will mop up. Iofina will carry on today as they did yesterday, building plant and producing Iodine when all around them in the UK at least panic. Leave them to get on with it. They are a young company with terrific proven technology.

[joeblogg2] 17/12/2013 08:21

my s/bet with Barclays gone, auto closed lost over £40k :(( Wish I had never attended the meeting earlier in the year. Built up so much confidence lost in a flash

[2vdm] 17/12/2013 08:19

N3tley, I've just found the answer thanks, line of resistance at 80p (Share Prophets article yesterday). Thanks anyway and I'll keep watching.

[1madmarky] 17/12/2013 08:18

The use of old oil and gas wells would be better for iof as they would be able to flog the oil and gas as well as the iodine. Expect they would reinject the waste brine to keep the pressure up. This would not be covered by the patent, so they need to get the leases sorted for anywhere they are thinking of going before making a serious move to avoid others blocking them.

[n3tleylucas] 17/12/2013 08:14

Overreaction? A profit warning like this normally halves the share price .. time yet.

[jasones52] 17/12/2013 08:14

Why shouldn't he crow? Wouldn't you? Damned sure I would if vindicated to this extent.

[2vdm] 17/12/2013 08:14

N3tley, I've been holding back her (just by luck), but why do you think 75p is on the cards. Is it a line of resistance. I can't see it is net value of the company. Thoughts appreciated as often these falls are overdone and I'm trying to find an entry point as a LTH.

[captain_kurt] 17/12/2013 08:13

Over reaction again, with 3 new plants coming onstream soon

[chesty1] 17/12/2013 08:11

Nutty Lucas we can all see the trading screen but thanks for the second by second update.

[jasones52] 17/12/2013 08:11

Well called N3ts.

At least someone's going to have a good Christmas

Jace

[ammons] 17/12/2013 08:10

has the company found a way of obtaining brine from disused wells at even lower opex than current? is that why they have decided to build only three conventional plants next year?

[hew] 17/12/2013 08:07

Not the easiest to interpret for me. I like to think that they have given what they regard as really solid fundamentals as the minimum, with a number of options open and not yet specified. Those options do give the prospect of achieving over and above the minimum. More mobiles and reuse of old wells are new avenues.

Certainly I see no reason to think the picture has changed substantially for investors.

[n3tleylucas] 17/12/2013 08:06

Tanking towards the gap @ 102...

[postman_pat] 17/12/2013 08:06

At last a realistic RNS that they can deliver on with the added bonus of the mobile plant rollout.

What's the betting we get more than 3 more fixed plants in 2014?

Good to see the start of the roll out of fibre glass towers keeping construction costs down.

[chesty1] 17/12/2013 08:06

Now its out & market not happy.

[jagsta386] 17/12/2013 08:05

Still in auction?

[captain_kurt] 17/12/2013 08:03

Early 2014 looking positive, and only weeks away.

The Towers arriving soon

[n3tleylucas] 17/12/2013 08:00

This is a big profit warning mikeod, no confusion... it's what I've been waiting for.

75p

[monty panesar] 17/12/2013 07:59

It is a fairly clear RNS that the new management have set out. They are certainly being realistic with expectations which I like.

[mikeod] 17/12/2013 07:58

I think this is a positive update.

IO1-3 currently producing 1000 kilograms per day = 365 tonnes per year.

IO1-6 expected to produces 700 - 1000 tonnes per year.
i.e. double the number of plants giving 92->174% increase

AND mobile unit production expected!

'Mixed' RNS terminology of production units causing some confusion?