Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Analysis need to look closely at this company when the figures stack up it will move I am in EPWN good stock good company but it has took about 4 months to move up good luck with your holdings
I was looking at these before the last rise and kept them on the radar. All fundamentals still seem good other than the renegotiated brine contract which seems to be responsible for the reduced EPS growth. With another plant coming on line and potentially a further one to follow it would seem the company will build from here. What are the thoughts on the depressed share price - is it to do with potential fall in the iodine price, potential issues with new plant or something else? Any ideas appreciated.
Really? The muppet from proactive didn’t ask one question. Oh I see your input costs went up blah blah why not ask why Iofina didn’t put their prices up. Maybe they were contracted at fixed price but ask the question. The share price reflects the laisse fair attitude of the bod. Get over to London, do some marketing. Oh dear that would mean Lance neglecting his many other companies
Recon there is a seller with a million + just ekking it out at 20p +
Parttime....yeah,weird,the sp doesnt seem to react positively,to any kind of good news.
its gotta change at some point,surely
Thanks for posting the link. Really positive interview I thought and might prompt some decent buys., maybe!
Another curates egg! More questions than answers, no presentation yet baller states they actively look for new investors., how about keeping the existing on board to start.! This absolutely needs new leadership not the tired same old same old. Iodine remains a very interesting element that could be incorporated in tomorrow’s technology ie batteries. Too cheap to sell.
Https://www.lse.co.uk/SharePrice.html?shareprice=IOF&share=Iofina
A couple of large buys this afternoon, one at the bell, suggests next week's figures are going to be good.
Not sure cheeky101 but they'll be out by beginning of next week and should read well. Hubs, reckon you're being optimistic about I010 coming online in 'a few weeks' time' - more likely a few months imo. That said, there's a lot to look forward to here with the spot prices holding firm and, potentially, a storming H2 production rate leading to a record '24 final number - assuming the rollout/plant commissioning goes to plan, of course! I paid in the 30s to max out my ISA in this share last year and never expected to be down here again for the latest new ISA allowance. Despite myself, as well as the portfolio being overweight in IOF, just couldn't resist adding a few more at circa 20p. Now just going to sit back and hopefully reap the rewards... famous last words!!
Morning All,
Does anyone know if Iofina has officially set a date for the announcement of the 2023 final results?
Stargate, there are actually two other crucial indicators that are very bullish here at moment,yes RSi is a yard stick but only if aligned with other key metrics and indicators. IOF is in a great position for buyers at moment with IO#10 coming online in a few wees time and very high spot prices. Is poised for a nice move up.
Before end of 2024 i would be suprised if this is under 32p
Mishap with text. The RSI, positive divergence of six months, suggests a price target of 27-30. However there is expected price resistance from overhead supply from previous trading at 22, so buy if the sp can close above 22. Weak buy at present until sp, closes above 22. Underlying sector is strong and bullish. DYOR.
RSI(relative strength index), positive divergence with mid october 2023 price trough. The described trough, 6 month
Five, i would expect much new business in that area for sure,and with the higher steady spot prices and increases to come shortly from IO#10 and then IO#11 the figures will start to look very good indeed.Potential for maiden dividend here also in my view.Iofina will soon be entering their strongest ever period and it should be sustained from here,all the ducks lining up so to speak.That is why i am a buyer .
Have just seen some interesting chat over on Ad.V.fn in ref to the CEO comments about europe,it seems there is some potential huge deals to be had in Germany and with wider eurozone.Possible that Tom has already got some tasty deals in the offing otherwise why mention in video.He never normally gives anything away that is for sure so i am intrigued about this potential huge new revenue stream.
Chill, good point about the 10% increase in spot prices,i did allude to that in my comments but not specific,i will leave the more detailed in depth stuff to my subscribers when i do a write up during the week.But i do see some real good numbers here going forward with IO#10 included and leading up to IO#11 on these spot prices.The CEO also stated (which caught my attention) that they are forging new relationships in Europe which given the current Geo Political situation could be very valuable indeed to the profit ratio going forward.So actually i see the timings now being fantastic for Iofina on all those fronts,and luckily trading at a low ahead of a major growth phase :-)
Worth noting from the Canaccord note that the $8.5m EDITDA figure is based on $60/kg. Current price is approx. $66 and according to SQM (who are really the price setters) have said they expect stable prices this year.
Actually i have just scanned through the latest guidance and statements and seen the CEO comments in the video, i had previously overlooked this company before but i think now with IO#10 coming onstream in a few weeks time and the re-negotiation with suppliers etc ,this is a very decent opportunity at last. Is not going to multi-bag but it looks a solid company to have in the portfolio for sustained growth from here.
I actually like the fact they did not go down the path of over-leverage and huge debt piles to grow quicker and the associated share dilution involved. The way they have grown at a realistic rate without the need to borrow huge sums should be applauded,and i think that policy is now going to bare fruit .Looking at the projections for the second half this year with IO#10 included i think the share is looking far too cheap at present.It would not suprise me to see this make steady gains into the 32p - 38p area before the end of this year ( factor in the pending IO#11 ) . So is all about timing,and the timing of this next growth phase alongside steady spot prices should provide for some very good numbers from here.
Also a chance that they might become a Bid Target at some point,there a number of suitors that would see Iofina as a decent Aquisition in my opinion. I could well be tempted to build a sizable stake here.
This is a really great business but lacks credible people, everyone has heard the story and seen them miss numbers so many times that it needs a new leader to retell the story. Lance has all the skills but has too much baggage and fingers in too many pies to be credible. I think the two large shareholders see the value here and will hopefully demand something more than this lacklustre performance.
The difference between last years EBITDA of $11.5m and guided 2024 EBITDA of $8.5m is just 6 dollars increase in the $/Kg price of iodine. (assuming a mere 500 MT annual production). It was premature to guide on EBITDA for 2024 already in mid April, unless management can accurately forecast iodine prices for the entire rest of the year!
Thanks Henners , they do have a new plant to pay for which has an impact . I don't know what they cost now but the money comes out of the business, however it will start on payback as soon as they have it optimised .
It’s the usual 1 step forward, 2 steps back, IOF could be a great company however the management let it down every time, change is required. I doubt our largest shareholders are impressed with the latest update.