Iofina Share Discussion Threads

[king_roster_iii] 06/4/2014 21:28

Sand & sg,Thanks for referencing me. I can confirm for those that weren't at the pi meeting that jeff made the comment that it was unheard of for an iodine company producing 1000 mt a year not to get taken out. It was almost made in passing. He had just finished saying that his wife had been castigating him (i paraphrase him) for not selling his stake (can't remember exact price at that meeting but was well in excess of £2).Wouldn't like to be in jp's shoes currently.

[ammons] 06/4/2014 21:06

Lance may have walked on water but I fail to see what difference he would have made to the fall in the price of iodine, freezing weather, fracking issues with the oil companies, delays in delivery of key components and so on. The delays would probably have occurred whether he was still with the company or not. It was probably Lance who tried to make the company run before it could walk. That said, I would be very pleased if he was to return.

[noli] 06/4/2014 19:00

Where we are to where we will be in 2014 will transform the company, as suggested above no company has been left to run once 1000mt has been hit. So where will we be, for me its either bought out or a very large stake taken in the company.

My wish is a 60/70% stake taken into the company, this would mean iofina plays out to its full potential and will be no1 in the world for iodine production and the lowest cost producer. No doubt about it, it won't happen over night but once cash is not an option then its plants and mobiles galore.

At this moment in time we are on 30k bpd baby plants, iof have some amazing bpd sites of 60 to 100k bpd. PPM ranges across all sites from 50 to 5000, higher bpd sites will be lower ppm and visa versa.

Once iofina get their act together with bod changes and drive and determination come back to the company then we can start to get excited about our future. As it is we are just ticking boxes and moving along at a glacial pace, thats all about to change.

Bill Bellamy for me will start to transform the water side, whether that be the Atlantis Water Solutions or the 30 billion barrels of water at the Atlantis Field, he has years of knowledge of brine so know doubt he will have an input with regards the plants. Reverse Osmosis is another specialist area of his, he was a great coup by the bod.

As for the current share price, i really dont think we will be around these levels for too long.

[bobsworth] 06/4/2014 17:53

A great business plan needs a great management team to deliver it! Shame we lost our leader, Lance at such a critical time for Iofina. His focus on detail and planning was superb, which is key to hitting business plan targets. He gave us 2 plants in 2012, double what we have had in 2013 and we are still waiting!
I hope the rumour is correct as I would welcome him back knowing he would make sure the management team roll up their sleeves and put in the planning detail now needed to hit targets and restore confidence in Iofina. If he comes back then credit to CF for standing down as chairman.

[superg1] 06/4/2014 17:48

Cross

it is a fact SQM have historically always sought to TO anyone in Chile re Iodine, but more recently they have had the stuffing knocked out of them so unlikely. It was only ever Chile that had new arrivals until IOF came along.

[noli] 06/4/2014 15:41

From memory, when Lance Baller was in charge we were hitting targets and moving the company forward. He put a great deal in place, the current bod only had to follow on from where he left off.

It depends on how you view where we are, lance left in april, a year on and very little has changed production wise and missed targets etc etc.

It would be great to see him back to get this company back to where it should be with his drive and determination as imho we should be much further on than where we are now.

[phoenixs] 06/4/2014 12:46

the share price will depend very much on the pace at which IOF bring the plants up to speed. The water permit, if granted, will add a lot of value and the roll out of the mobile plants will be a big positive. Forward valuations of IOF should come back into play if management succeed in reestablishing investor confidence. We know that the business model works and has exciting potential, just achieve it.

[sandbag] 06/4/2014 12:22

Super,

My apologies!


King_roster_III
9 May'13 - 22:48 - 24507 of 26271 1 0


It was stated that its unheard of for a company producing more than 1000 mt NOT to be taken out. lance is an m&a wizard and fay has vast experience at extracting most value for shareholders. Draw your own conclusions.

[neddo] 06/4/2014 12:00

management has failed the share holders

[sparky333] 06/4/2014 11:57

Watch AEO fly Monday following RNS Friday after the bell

[bocker01] 06/4/2014 11:49

I think Mr B's 120p in three years is simply a well meaning tongue in cheek effort to wind a few up! and produce a discussion about what a run rate of 4000 tons or more of iodine, plus Atlantis, Fisheries swap and potential oil reserves might be worth - never mind the impending water permit or sequence of water permits! Nice one Mr B! And as Mr B says, it's all about the management rolling their sleeves up and getting on with it.

[crosseyed] 06/4/2014 11:40

superg,

So there is no substance to the "> 1000 mT/yr" metric other than what seems to have been an exageration of an off-the-cuff remark?

Funny how urban myths proliferate!

c

[crosseyed] 06/4/2014 11:24

...by which time many more patents might have been taken out by IOF (or their successors) as further advancements are made in the production process thereby prolonging their monopoly (or right to royalties).

c

[cyberbub] 06/4/2014 10:23

If anyone wanted to buy us out and shut us down, they would also have to pay to purchase the IP and sit on it for 20 years... would seem to me to be an entirely negative approach given our innovative technology... we may well get taken out, but I would have thought a buyer would be looking to expand not shut down?? After all, taking the long view our patent will expire in 20 years time (or however long it is) and then everyone will be able to use it...

[superg1] 06/4/2014 09:52

Hey Sand. you fitting me up? :-)

I was reading to see who said it, and it's me ???

What Lance did say (at the AGM I think) was that successful growing iodine companies historically get taken out by SQM.

Not many appear, SQM talk of taking out Cosayach went on for some time. A small player called Minera falcon was growing and were bought by SQM and shut down in 2003.

That's history, and with SQM recent circs I don't see them as having serious interest right now, they seem to be in a consolidating efficiency drive reducing capex.

[mister big] 06/4/2014 04:18

I'll take 1.20 invested at 51p !!
Over three years that's good enough -

[malachey] 06/4/2014 04:11

'Malachey
Depends on your investing style , moving in and out of stocks rarely works out .
I think a 3 year perspective is good and iofina is an interesting long term growth story that has clearly taken a knock .
The fact is they have actually proven the technology and production is flowing . It's just a logistics job now and that has been lacking because of the rush they were in to over expand .
We know normalised run rate will be around 1200 my a year when everything working and then move forward .'

With that in mind Mr Big, would it not be something of a shame to put your target for IOF at a measly £1.20ish?

Keep reading and asking questions - you'll be surprised at the level of research some here have regarding every level of IOF's business: it's more than even you could pay for.

You have more contacts and knowledge re. IOF than most (yes most!) on this message board, and you've recently decided to stump up millions in the company: that's a great start ;) , and it reassures me that I have my own money in the right place; but there's more to be done here if you've got the patience to look closely. The key to understanding IOF's true potential is is in understanding the iodine business, and there aren't many out there that do because it just isn't glamorous. Diamonds may sparkle brighter, but who doesn't know about diamonds?

A three year view on IOF and you won't be looking at £1.20 that's for sure.

[dcgray21] 05/4/2014 17:46

Thanks for the clarification Sandbag

[sandbag] 05/4/2014 17:11

no company producing > 1000Mt a year has remained independent.

That was apparently what LB said to Sg1. However no company had ever found iodine in such concentrations. No company had developed the method of producing iodine that IOF has. Japan and Chile had never been facing the problems they are now.
At the presentation last year Lance said words to the effect that the company reserved the right to do whatever they felt was the most profitable way forward. So to my mind the company may very well stay independent (or may, by choice, not).

[dcgray21] 05/4/2014 16:06

Mr Baller himself I believe

[crosseyed] 05/4/2014 15:58

dcgray,

no company producing > 1000Mt a year has remained independent.
Just as a matter of interest, where did that gem come from?

c

[dcgray21] 05/4/2014 15:31

And remember Mr Big as has often been stated on the board , no company producing > 1000Mt a year has remained independent.

[mister big] 05/4/2014 15:24

Malachey
Depends on your investing style , moving in and out of stocks rarely works out .
I think a 3 year perspective is good and iofina is an interesting long term growth story that has clearly taken a knock .
The fact is they have actually proven the technology and production is flowing . It's just a logistics job now and that has been lacking because of the rush they were in to over expand .
We know normalised run rate will be around 1200 my a year when everything working and then move forward .

[crosseyed] 05/4/2014 14:27

ammons,

December and January "wiped out".....!!
So zero production in those months then? A rather unlikely situation which does not accord with the January RNS...
Despite extremely cold weather in the area downtime in December and January has been limited as a result of appropriate planning and proper execution by the operations teams.
I'm sticking to (my estimate of) ~100mT for Q1.

c