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I'm with you 100%. 750k shares owned by me. I will no longer support this board of directors.
I will vote against their continued support.
"The grant of the March 2022 Options, together with the grant of other options, under the 2018 Option Plan forms part of the Company's long-term incentive arrangements designed to align the interests of shareholders and certain key members of the Company's management team." So do you feel aligned ? or maligned ?
Still, put yourself in their shoes, what's the point of owning a company, if you can't fleece the shareholders now and again :) . Now with increased gas and oil demand (hopefully increasing brine supply); increased iodine prices and increased production capacity, surely ....! what could possible go wrong ?
Absolutely shameful - this BoD need to go.
Still waiting for seed loan to be repaid, still waiting on news of IO9, still waiting on a clear future expansion plan. No way can they take the credit for the rising iodine price and USD in this perfect storm, while production remains static.
Completely disgraceful and contempt show for shareholders.
?? Cheeky101
Well there's your answer then, you have suggested that the company have informed Richard Sneller on how well Iofina is performing, on the back of that so called info he's just upped his stake!
if you really want to be privy to more information apply to join the board, with you expertise I'm sure we'll be at £1.00 in no time!
The board should not be applauded for something that is not in their control.
Profits will increase because of the Iodine price, not because of the management or any decisions they have made. The lack of growth plans have been lacking for years. The lack of information & updates have been lacking for years. The mismanagement of our funds have been going on for years.
They should all be sacked. They will no longer be getting my support.
Only likely to receive a answer to any emails sent if your name is Richard Sneller.
Business is doing nicely with Iodine price increasing significantly this month.
Share price will soon reflect this.
Cheers
They don't seem to respond to any of their shareholders dissatisfaction emails with concerns of how the company is being run and the constant lack of updates, and also lack of growth plans....but they manage to find time to grant themselves options.
I am absolutely appalled by this board and they all need to go.
At least we have an explanation now for the unacceptable and undue delay in announcing IO9 contract completion.
For some reason I think our plants may be seeing an increase in brine supply, and a significant uplift in our supply forecast.
recent SP moves here because the iodine price is rising sharply due to a rush to acquire iodine tablets across EU and combined with recent logistical disruptions in Chile.
https://www.vrt.be/vrtnws/en/2022/03/01/almost-30-000-belgians-collected-free-iodine-tablets-from-pharma/
Good article on Market Watch posted 1/03/2022.
A plethora of information on future demand growth and also details the multiple uses for Iodine, all sounds very positive and maybe one of the factors driving the share price, other factors could be news on IO 9/10 or imminent takeover, I wish!!!
So 50p here we come?
Nice price action for the past few days.
Iodine prices spiking, $60/70kg soon enough.
Cheers.
https://yle.fi/news/3-12334908
Interesting.
To be fair its February 24th so another 5 weeks yet, also have you ever thought that the partner might want a piece of the action hence the drawn out negotiations.
Agreed Iofina have disappointed on many occasions, but the majority of those were not down to poor management!
I’ve emailed Tom a couple of times raising issues and concerns but absolutely no response at all. This is a disgrace how we as the owners of the business are treated in such a contemptible way
It's a lesson on how not to do a critical RNS update, or more importantly impress your shareholders . Tom's standing is declining and it by his own hands.
In the latest RNS’s Tom Becker said the following in regard to IO9:
29.12.21 ‘We expect to now finalise an agreement in early Q1 2022.’
17.1.22 ‘We expect to provide further news in the coming weeks.’
Well, it is now late Q1 2022 and we are now into coming months rather than coming weeks. As neither statement has proved true, Becker should now give us an explanation for the further delays. It is not acceptable to keep blaming Covid or the bad weather etc. etc.. It only takes a few minutes to sign a contract and send a scan of it to the respective legal representatives.
Why the constant delays? Iofina is in the most beneficial trading environment possible with soaring iodine prices and with the oil price now over $100/ barrel. Their oil partners should be running their wells at maximum production levels.
Establishing new partner production sites should be the key metric for Becker to capitalise on this. He seems to be failing and we need an explanation.
Iodine prices still creeping upwards.
Need to see Iofina doing everything they possibly can to increase production while the irons hot.
Cheers.
@CaneToad - Many thanks for your comments.
I was never expecting this to be the next Dupont, and I'm pretty certain nobody else is.
Totally agree that this is currently the best position the company has been, but performance & progression have been tirelessly slow & lacking.
No caveats needed in your post. I am already a holder with a very low average, but my patient's are running out with the current board.
I still have no answer from Lance and even Tom isn't replying, although I did ask him the same questions as previously, whilst also putting his previous answers in....nothing back.
Like I have said, my thoughts, they either need to pull out a huge rabbit out the hat, and that doesn't include breaking soil in IO9, (we already knew about this) or they need to go and a more dynamic team need putting in place.
All the best
@Jdubya: "They have had quite a few last shots from me. Nothing has improved, apart from the debt situation."
IOF is never going to win a 'sexy stock' competition. If you're looking for the next Du Pont, you're in the wrong place...
On the other hand, this is the best that this company has been. It's a profitable little company with improving fundamentals.
- The debt is refinanced at a low rate
- Iodine prices are high
- A new plant is in the pipeline
- They're making record profits
- Oil spending is on the up and I expect the drop in production to be temporary
- The share price has been much higher (~double) when all of these were worse.
I think there's significant upside here. It's going to be a painful drawn-out process, but I think investors will be rewarded from this level over the next 6-12m.
Disclaimer: do your own research. I could be 100% wrong. I'm biased and am long IOF.
IOF is a slow but sure business! It has its ups and downs, so why not trade these and make a tidy profit?
My buy trade at 16:21 for 6059 shares is shown as a sell. Could be that I got a good price, or maybe the sp is dropping. Just goes to show that the trade buy-sells list is not reliable.