Iofina Share Discussion Threads

[bogg1e] 04/6/2014 12:45

No i translated the search questions into spanish then put them in.

[bogg1e] 04/6/2014 12:44

The only documents coming up all relate to the similar proceedings regarding well closures in 2011, even when searching for docs released in past week or month, no docs are coming up.

[monts12] 04/6/2014 12:39

Boggle
I assumed you were Googling in English but getting Spanish page results.

[bogg1e] 04/6/2014 12:37

monts, if i cant read spanish how do i know which article is the one that contains relevant info? As the Cosayach situation is very new and it relates to a private company, info is going to be scarce and probably to be found in niche publications at best. Anyhow i shall give it a try.....

[phoenixs] 04/6/2014 12:35

cyberbub,agreed and .....agm and meetings next week. Who knows maybe institutions will begin to buy again.

[cyberbub] 04/6/2014 12:30

Neddo, chill out, nothing goes up in a straight line and some short-termers are clearly just taking a profit, good luck to them but I am holding for 100p in the autumn, touch wood...NAI

[monts12] 04/6/2014 12:30

Boggle you can use Google Translate to turn Spanish web pages to English, it works pretty well. If you have Google Toolbar, there's a button on it to show page in English.

[bogg1e] 04/6/2014 12:19

The closure of the wells is immediate is it not, in which case we can assume that production is already being wound down or ceased. What we need is someone on this board who speaks spanish to have a look on the web for up to date info cos im trying to find stuff in english and its not coming up.

[superg1] 04/6/2014 11:25

Richi

I think the point is exactly that, monthly updates until normal service is resumed.

I also agree with 1MM re the advantage instis have. If it's known to them and is material then it should be known to us.

The 'Cosayach factor' which is yet to be confirmed. Is potential major news imo.

SQM have predicted a flat year or slightly lower iodine prices. IF Cosayach has been wiped out, then there is going to be an iodine supply issue later this year.

IF Cos are done with, that's a rumoured 3,750mt out of the window, start adding on the SQM closed mine and plant, Sirocco pull back, plus demand increase this it's near 8000mt taken out of the production chain.

33 well closures in 2011 and they lost 4000mt of production. Rumoured 3750 mt now and 38 wells just ordered to be closed down. On the face of it it sounds like their entire production.

If Cos have been hit heavily I can see $50 plus per kg later this year.

The media seem slow on reporting events. When Cosayach had a result in court on 2nd April last year, the details didn't appear until 3/4 weeks later.

It's easy to say SQM could open mines, but not so easy to execute, SQM got rid of about 700 plus staff, Sirocco dumped around 150.

Chile now heading into their slow production period of winter, the cold weather hampers heap leach operations.

If Cosayach are hit, inventories will be emptied and H1 2015 would be very interesting indeed, as that tends to be the iodine shopping period.

[neddo] 04/6/2014 11:16

looking at the share price this morning, a good job it wasn't bad news ?

[1madmarky] 04/6/2014 11:12

Richi rich - I can see where you are coming from and yes some will take a short term view but in 2 months time we should have 6 plant running at various levels. that should be enough to smooth out individual plant issues. If the issue affects more than one plant and thus the impact is significant, we again should know about it. So we can then judge if we still want to own shares in the company. Basically last year production did not meet any of our expectations and certain parties knew exactly what was going on. Whereas us lth PI's knew jack smit about it until December or whenever it was. If we had of had monthly updates then the share price would not have got so out of control. Aimho

[freshvoicem] 04/6/2014 11:08

Che
Think the 60k may be buy. ;-)

[che7win] 04/6/2014 10:54

I agree with Mad for now, monthly updates are good, yesterday's reassured the market that this company is running much better and profitably.

Richi, they are going to do maintenance in a round robin style it seems, when we get up to 6-7 plants running, one plant down per month will soon smooth out, so it's less if an issue the more plants producing but I take your point.

Funny 60k trade this morning dumped on the market, a bit large all in one go! Immediate bounce after, hopefully the seller is out of the way now.

[phoenixs] 04/6/2014 10:52

the key to all of this is the restoration of investor confidence which LB has gone a some way to restoring. The idea that we continually get monthly updates does not sit very well with me except under these rather exceptional circumstances. I would be happy with the monthly updates until the autumn and then quarterly updates would be okay unless of course there is news which dramatically alters the figures ( ie new plant producing x mt so production up y%).
I am just relieved to have the old management back doing what should have been done by the recently departed (RIP).

[madchick] 04/6/2014 10:44

Agree, richi rich!

[madchick] 04/6/2014 10:42

In any case, an 80%+ increase in production levels is surely market sensitive information. It looks as if some had access to this information beforehand anyway.

Anyway, onwards and upwards. I expect more market sensitive improvements next month :-)

[richi_rich13] 04/6/2014 10:36

1 Madmarky, I fully agree with your view, and I enjoy having a far clearer picture about what is going on. I do however feel this is a dangerous road.

I think the monthly updates are part of Lance's plan to regain trust. I am all for that at the moment. However, I hope they will stop in 4-6 months time and replace with quarterly updates. The reason is because it encourages wild swings in the share price and IMO the company lining itself up to be shot down. Not from LTH's who see the bigger picture but people who keep an eye and skim read.

Just imagine is the next update reads... "Due to annual maintenance, IO2 was shut down for three weeks. Consequently, production was 17 mT a 70% decrease month on month." No matter how planned, expected and reasonable that is the share price will be hammered (When more plants are fully operational it may have less effect and I may be wrong.)

Currently, due to 1) production being ramped up and 2) Trust being regained the monthly updates are necessary. Going forward, quarterly updates will smooth out some of the 'routine bumps' and hopefully removed some of the ridiculous price swings. I hope from the last year we have learnt that things in the chemical industry rarely go exactly to plan.

[gadolinium] 04/6/2014 10:19

Thanks all for the advice. I have asked my broker to register my attendence at the AGM.

[angel of the north] 04/6/2014 09:50

The monthly production figures were part of Lance's 'kitchen sink' philosophy when he re-joined the company - clean slate and more transparency....and welcome it is too!

[1madmarky] 04/6/2014 09:41

Mister Big, your post No 21656 Re:monthly production updates
Why do you disapprove of us lowly PI 's being updated on a monthly basis, just like other resource company's?
Is it that you and other select institutions already get this information thus the monthly updates reduce your advantage?
As a shareholder I deserve to know what is happening to my investment do I not? Assuming of course such information does not compromise the company and thus my investment.

And yes I will be at the AGM and will press to have the monthly updates maintained, at a lower level of detail if necessary

[awolagain] 04/6/2014 09:37

Andy

It was never my intention that the co chase ghosts. It was a reminder that some will not put up with such manipulation....I agree with all you say the evidence is there for all to see what happened to hawk...nightmare! The market will do what it does and nothing we can do.

[andy] 04/6/2014 09:22

Re the AGM,

You can sign in as a non voting guest if you don't have proof on your nominee shares.

I have done this many times, it just means you can't vote.

The important thing is to see the presentation and talk to management, they always have the insti's onside so the vote is academic anyway.

[tackems] 04/6/2014 09:20

Gad, TDW sent us signed letters to take addressed to Capita Registrars noting "entitled to attend, vote and speak at the meeting" So they don't know we will be coming but this proves that we are shareholders. So if you can provide proof....

[andy] 04/6/2014 09:19

awolagain 30 May'14 - 15:23 - 21462 of 21673 14 0

w w w .financialadvice.co.uk/news/investments/89568-online-chatrooms-in-court-battle.html Nighthawk Energy, an AIM listed company, has today revealed a successful court battle against chatroom companies ADVFN and iii to force the companies to divulge the identity of certain individuals posting alleged "damaging information" online. The company believes it has been the victim of unscrupulous rumours which may or may not have damaged the reputation of Nighthawk Energy. So what does the court ruling actually mean? The company is now free to take the individuals in question to court and potentially sue them for alleged defamation.

---

And what happened after this?

Absolutely nothing!

And the HAWK shareprice tanked to an all time low!

And the CEO that took that action left the company under a cloud!

And HAWK were made to look a right bunch of charlies as some of the posts they complained about turned out to be absolutely true!

If you think Iofina should take the same route, yu are making a big mistake IMO.

They should be focusing on proving people wrong by creating value rather than wasting precious time and scarce resources fighting legal battles thy may well lose!

[alphacharlie] 04/6/2014 08:38

gadolinium - to be on the safe side phone/advise your 'broker' who in turn should advise the Iofina registrar/secretary or whoever deals with such matters. Then take some form of identity when you attend - again your broker should be able to advise you.

edit - see Danster4 post above