Iofina Share Discussion Threads

[shonny] 14/4/2014 15:36

Looks like I've saved Mr Big a thousand quid. "£1 in two months" Another name to add to the list of comedians on here.

[phoenixs] 14/4/2014 15:24

thanks sg1.

[che7win] 14/4/2014 15:17

frog1,
Just ordered the Kahneman book, should make interesting reading. Just a pity I didn't follow the advice in the behavioural investing book I was reading last summer....

[jasp2] 14/4/2014 15:02

This price was being paid for shares back in 2012, when only IO1 was in production. Now we have IO1 to IO5 in production. This is better than a second chance to get in cheaply.

[mclellan] 14/4/2014 14:52

This is being churned...with 1403 thrown in to the mix at frequent intervals.

[superg1] 14/4/2014 14:45

Pheonix

SQM said global output up about 2% this year, they have pulled back due to some high cost depleting mines and held off expansion to new areas.

Cosayach, Bullmine, and Algorta filled the gap.

[phoenixs] 14/4/2014 14:15

ck, read the article and it amazes me how journalists get their facts wrong. If anything, global output will be lower this year, but Iofina's output will be higher this year.

[mclellan] 14/4/2014 13:28

Now watch them start to bring it back up.

[che7win] 14/4/2014 12:35

Superg,
agreed.

We have just doubled our full production plants, another one to come in the next month or so, things are hotting up around here ;-)

Can't wait to see this quarters iodine figures in July.

[phoenixs] 14/4/2014 12:24

It looks as though IO6 will be ready to go sometime in May. That is not so far behind schedule given in September. It is only a pity that the bod in the past few months to not give enough emphasis to the phrase "time is money".

[mclellan] 14/4/2014 12:19

It must be very dispiriting for a Company to issue such a good, positive RNS and see their share price trashed.

[bogg1e] 14/4/2014 12:14

Certainly not in my case. I just need to know the direction before choosing when to place the next purchase, it seems that the 82p high, in spite of the subsequent good news (Lances return to the BoD and IO4 and 5) is not enough to thrill the market enough to push us beyond 80p ish yet. The market is waiting for news next week. Under such circumstances the share price normally drifts lower. I'm thinking mid 60p area, ie half way between the low of 50p and the high at 82p. But its down to results now. We may get water news but at the rate at which progress has been so far on that front, I doubt it; IOF had to get the information required to the water authorities end of january and as the authorities seem to take up to 3 months to respond, Im not expecting any update til after the results by at least another 2 or 3 weeks, mid may perhaps.

PS double checked the application, the responses from authorities is up to 7 weeks. so perhaps Superg is right and water news could come in quicker than i first thought. Just adds to the excitement i guess.

[mclellan] 14/4/2014 11:59

No wonder the share price has stalled.
Many here seem to hope it will drop.
Sold, by chance?

[phoenixs] 14/4/2014 11:58

The cash flow will now be increasingly positive. No need to be concerned about the financing of new plants which in turn will add to profits.

[superg1] 14/4/2014 11:38

Che

That's my point, if the water news is hearing then it may offer up some cheap iodine shares.

The big drop and scare tactics was all down to OM leaving aggressively before the end of the tax year.

So any drop may have some selling but I suspect a greater number of those poised ready to buy.

That's why prior to this I said it's a buy on negative news as it just offers up bargain shares.

Mr Big did not buy at the bottom, he created the bottom, and took more than 50% of what OM had available.

When I think 1000mt and a $5 rise in the price of iodine, after tax it equates to £3m meaning or 35p for a 15 PE, so yes 50p would be a bargain.

Long back we said SQM wouldn't want prices of $45 per kg and sure enough when it headed that way, they went very defensive. Closing mines and letting customers go at those levels.

In the 12 months prior they had talked of $500m to $600 mill expansion.

The capex is relatively huge for such expansion in Chile but a fraction of that for the same result for IOF. Chile tax rising, costs going up, and other legislation that could cause higher prices and capex

6 plants running then work on the higher ppm and mobiles to bring opex down.

[jointer13] 14/4/2014 11:30

5 plants up and running...absolutely brilliant, soon to be 6.

look forward not back.

[calmar1992] 14/4/2014 11:13

Some thoughts:Maybe they got regulatory approval for io6 at the same time as 4/5 to prevent a delay in 6? (Previous plants had no delay in this so I assume approval happened before construction)Good that 4/5 are producing only 11 days into Q2 meaning when they release Q2 production figures in July they are likely to raise a few eyebrows and get IOF firmly on the radar, (barring any bad summer weather!)Would also be nice if results were released in the latter part of next week so they can put in a conservative run rate with all 5 plants. Then if they can hit that number (divided by 4) in Q2 production then maybe a huge amount of credibility will be restored?

[che7win] 14/4/2014 11:07

Bogg1e / superg,
the marlets can do strange things in short time periods, but a drop back to 50p is just not going to happen, that was irrational panic, if it drops into the 60's it will be short-lived.

I believe this is a great entry point, the only question for me is if Mr Market will sell me any more cheaper than this.

Markets look forwards, not backwards, as soon as results are announced, they're history, what impact will they have on production going forward? Very little, they aren't a reflection on prospect either. The business is transforming itself, not only on plant roll out, but on current plant efficiencies. I have a window of opportunity at this price, so I'm watching carefully.

The market looks at least 6-12 months ahead, those looking in the rear view mirror need to look ahead.

I'm confident we can 1 bag very quickly, so I want more of these beauties when the market remains dull for them ;-)

Water whether we get it or not isn't relevant at this price accept to provide upside if positive. To put it bluntly, if any were daft enough to sell at these prices based on water, they would be gifting shares to others looking more than a few weeks ahead.

[peterz] 14/4/2014 10:59

Bogg1e - MrB on cruise ship with no internet...! Not likely. I imagine he will be heard from when he wants to comment.

[joestalin] 14/4/2014 10:53

Some of us would welcome a drop back to 50p - we only want a realistic price when we need to sell.