Iofina Share Discussion Threads

[iofra] 13/1/2014 07:43

GMP a key appointment.

[brhukatee] 13/1/2014 07:42

No worries maxi, we'll see who is right in due course.

[matrixtrader] 13/1/2014 07:36

I think you will find they don't

[jointer13] 13/1/2014 07:32

good riddance.

[captain_kurt] 13/1/2014 07:32

Good to see Investec have been shown the door.

Explains the roadshows due to start later this month.

[brhukatee] 13/1/2014 07:31

I think you'll find they do and I am afraid it's another sign that things aren't going so well for that very reason?

[madchick] 13/1/2014 07:28

I don't think they need one, but so far all of Iofina's placings have been at or above the prevailing share price

[brhukatee] 13/1/2014 07:22

A fund raising to follow shortly (my guess)?

[orslega] 13/1/2014 07:12

so Investec get the boot...

13 January 2014

Iofina plc.

("Iofina" or the "Group")

(LSE AIM: IOF)

Change of Advisor

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, today announces the appointment of Numis Securities Limited ("Numis") as its Nominated Adviser. Further, Iofina announces the appointment of Numis and GMP Securities Europe LLP as joint brokers to the Company. The above appointments will take effect immediately.

[bazzerp] 13/1/2014 07:04

2012 USGS Minerals Yearbook -

hxxp://minerals.usgs.gov/minerals/pubs/commodity/iodine/myb1-2012-iodin.pdf

[pcjoe] 13/1/2014 00:39

Hi Serratia - SQM "sold 11,000 tons iodine + derivatives" - Dont know if that can be worked out to an average iodine sale price or even weight of iodine sold?

Presumably a derivative product could be 1 part Iodine by weight to 4 part (or more/less) "other" chemical ingredients

Unless of course it is 11,000 tons of raw iodine PLUS derivatives

Is that tons or tonnes by the way?


Funny thing figures & hard to pin down sometimes - Just the way this particular industry likes to play it...

[engelo] 12/1/2014 23:58

bocker01: just caught up with y0ur excellent posts: thanks for a barrage of optimism :=)

Makes a nice change from the doom and gloom to have a list of the bull points that will pull us out of the mire through 2014 :-)

All we need is a decent RNS or two from the BoD to get things going.

edit: all IOF need to do is to make steady progress to plan (or better) and particularly due to Chile the situation could not be more favourable for them right now.

[serratia] 12/1/2014 23:43

A look at SQM's 2012 accounts (232 pages !). They're a big company. P66 says they sold 11,000 tons iodine + derivatives and contributed 35% of the companies gross margin. Further on they say iodine +derivative sales were $578.1m so this is /was $52.5/kg av. selling price based on 11,000 tons. Later on they show a gross profit of $362.5m that's 63% on sales. That's a cost of sales of 27% and on $52.5 that's a production cost at the GP level of $14.2/kg.
Am I missing something ?

[n3tleylucas] 12/1/2014 22:23

Look johncsimpson, it's bad enough me responding to your 'real' avatar, given your trolling of me, but to choose an avatar of a real legend is quite frankly sarf ov the river.

[serratia] 12/1/2014 21:32

Thanks englo all input gratefully received.

[serratia] 12/1/2014 21:30

There is some good analysis on the board pointing to the Chilean costs being in the $40's/kg. This must be the total cost as they wouldn't be shutting plants and laying off staff if they were profitable. The IOF $20 must be at the gross profit level so not a direct comparison. I'll look further.

[engelo] 12/1/2014 21:28

ammons: much info on here from SG about Chile costs. Also check back on the thread for posts re Roskill: the report is already completely out of date.

[engelo] 12/1/2014 21:25

serratia: as background you may have picked this up but from IOF presentation (think it's on the website) the main sources of iodine were in 2012:

chile 58%, Japan 21%, recycling 14%, US 5%, others 2% .

May have staggered on without much change through H1 2013, but of course with latest developments this is now complete history: chile is reeling, Japan not strong, and I'd love to know the figs for 2014 :-)

Within US Iochem is on a declining resource, see earlier posts.

[ammons] 12/1/2014 20:13

All the iodine companies seem to be very secretive about their opex per tonne/kilo including IOF. I have found nothing definite. I have only read (re IOF) what has been posted here which consists of what has been hinted at by directors at presentations. There might be something a bit more concrete in the most recent Roskill iodine report but that costs a fair few bob to obtain.

[serratia] 12/1/2014 17:29

Ok, lse themselves are not that big around £10m cash flow/year but they are 52% owned by Asahi glass who have sales in the Bn area. Deepwater are owned by Toyota Tsuscho corp. part of Toyota. TT had sales last year of 6.3 Tn Yen. They bet on Algorta in Chile and hold 25.5% of that company.
As takeover threats both of them could absorb IOF easily. On to other countries.
I've looked at the different processes but not yet read the IOF patents. Anyone able to say why IOF can reduce the costs so much ?

[harrycripps] 12/1/2014 16:43

Having a bit of a butchers again. Netters old bean you're at it again with the daft guesses. The last time I made note of one of your posts was this one: 'N3tleyLucas 7 Dec'13 - 13:36 - 12023 of 12029 Any chartists about? 133?'
Well as I said at the time that was waaaay overoptimistic (by about 40% as it turned out). Now you've gone the other way by totally contradicting bocker1 and his well thought out posts and as for asking rampers to save a copy of your post well we all know you got previous and just go back and edit them and claim people have photo-shopped them. Or was that jonnybig? It was jonnybig but same difference eh me old china.
Big fan old bean, love the music but you're not getting it right here.

[serratia] 12/1/2014 16:25

Thanks superg1,

A scan of their web sites- Iochem claim an output of 1200tpa. Deepwater seem to be an iodine derivatives company owned by Toyota Tsuscho corp who claim to be one of the worlds major iodine producers. Off to look at their finances.

[superg1] 12/1/2014 16:13

Serra

The total from the US isn't much

Iochem , Woodward, and Deepwater chemicals

'Would this lead to a reactivation of Chilean mines or are there other deposits in the world that become economic at say $100/kg.'


I can't see $100 as any near term sustainable price per kg as, unless of course someone like SQM went out of the market, which is unlikely.

In the last price hike, certain sectors went for cheaper, but less effective alternatives (E.G. the animal disinfectant sector) As the price has dropped some of those markets came back. If the price flies off, then so does that sector, so there is a balance somewhere.

We know that Japan got hit with that natural disaster and Chile can be subject to the same events.

As for commercial resources, they are very few about, that's why there is so much reliance on Chile.

What is for sure, is that the Chileans, who more or less control the market, are not going to do so as long term loss making companies.

If Algorta made $10m in H1 on the higher prices, then in theory that could have been hit in H2, so there is a lot of margin in it for them, it would seem.