Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Looks like there are going to be more buyers than sellers over the short term, hopefully late twenty's by the end of next week, then hopefully some positive news on he new plant along with some good production figures and up up she goes
AIMHO
I see fair value some way above here. The potential share buy back is likely to drive us there. About time too.
Great analogy, iodine shortage, iodide price continues to rise, strong fracking outlook, imminent new iodine plants, new and expanding uses for iodine, strong chemical sales, fully funded, low debt, proficient management. Anything else?
The planet "Iofina" moves into alignment after 18 years (feels like it).
https://www.bbc.co.uk/news/science-environment-61910977
Buy-backs
No guarantee that they will buy back any shares, but nice to know the option is there. I personally believe this SP is really undervalued at <30p so would like to see the company hoovering up at current prices.
There is a school of thought that the buy-back started almost immediately following approval at the AGM on Wednesday, as there have been several large, round trades going through since then at mid-price, so not showing as a buy or a sell. Most companies report buy-backs the following day regardless of volume, rather than when exceeding specific levels, so I think it's unlikely they've started buying yet.
More likely Richard Sneller still working his way towards 20%, or another II or HNWI building a stake under the radar.
Either way, there is so much to be positive about with IOF right now, I'm quite comfy having them make up a big chunk of my ISA.
All IMO so DYOR ;)
That's a lot of shares to buy in a thin market, in a share that isn't very liquid.
The share buy back is good to hear.
Approved up to 19,185,841 shares to be purchased.
It says in yesterdays RNS
" all resolutions put to the meeting, were duly passed.
The full text of the resolutions considered at the AGM are contained in the Notice of AGM which is available on the Company's website at www.iofina.com .
The AGM minutes have not appeared on the web yet, does anyone know if the share buy back was approved?
I've checked the website but can't find anything listed as yet.
Result of Annual General Meeting
Iofina plc, manufacturers of specialty chemical products and specialists in the exploration and production of iodine, announces that at its Annual General Meeting ("AGM") held at 10:00 a.m. on Wednesday 22 June 2022 all resolutions put to the meeting, were duly passed.
The full text of the resolutions considered at the AGM are contained in the Notice of AGM which is available on the Company's website at www.iofina.com.
Nice to get verification in the IA.
I agree with the "concentrate on core business" and make hay while the sun shines.
IOF should be balls out on getting IO#9 online and maybe, by letting Chrystal Capital sort the IofinaEX side out, all IOF's resource can be concentrated on main event. The Global CBD index is not looking great, but oil production is. https://www.newcannabisventures.com/cannabis-stock-index/ https://www.eia.gov/petroleum/production/#oil-tab
Hopefully get shot of the seeds and concentrate on core business. It's damaged credibility IMHO
Looks like Chrystal Capital have been appointed to strategize the CBD side of the business. Lets hope their input is value added ? https://www.chrystalcapital.com/health-wellness
I think the share price has held up well in the past week, after all the turbulence. I wounder if we will get any news around the AGM on Wednesday?
In the presentation for YE 2021, they were saying it was currently $60 and was good!!
2021 accounts based on an average price was $36 per kg
He says for 2022 'prices are significantly up, above $60'
if its now gone up again, then buy more shares on this low volume drop!
I have linked to the time in the presentation where they say this, if anyone needs a pick me up today...!!!!!
just listen to the next 30 seconds
https://youtu.be/-4O0UCqN2-E?t=1150
Not sure how this relates to what Iofina actually produces and sells but Fastmarkets’ latest price assessment for iodine 99.5% min, spot, delivered US/Europe, cif Asia, was $70-80 per kg on June 16, for volumes exceeding 5 tonnes. Sounds pretty amazing to me and I am pretty sure more than double the average price IOF was obtaining last year.
According to latest Fastmarkets report today: ‘Spot prices for iodine have reached levels not seen since late 2012 in a chronically tight market, forcing some end-users to reduce consumption, market sources told Fastmarkets on Thursday June 16.’
If only we didn’t have a bunch of dissemblers running the company who have been telling us for more than 6 months that IO 9 is imminent and IO 10 is on its way and they had actually put their words into action, what a wonderful investment we would now have.
Hoped revenues for first 6 months had increased to around $25m, but I'm now beginning to believe that this could be surpassed with iodine prices being so strong since JAN 2022.
260MT OF IODINE.
Well, something is pushing us up. Let's hope we get news of new plant build starting soon.
Steady climb now until 6 month trading update released.
Iodine 60/70kg.
Cheers
Iofina plc, manufacturers of specialty chemical products and specialists in the exploration and production of iodine, today announces that its 2022 Annual General Meeting ('AGM') will take place on 22 June 2022 at 10:00 a.m. at the offices of finnCap, One Bartholomew Close, London EC1A 7BL.
drice and Ecclescake, agree w/ your views. The issue with IOF in the last few years was the level of gross debt it carried. This prevented it from enaging in expansion plans during the downturn, so as to be ready to profit then the tide turned. (Although it made some profit from selling its inventory at high prices) Another problem is that even though CF from operations can be quite healthy, it has to invest about $2-3M in a new facility every year (real depreciation of facilities is quite fast). This limits FCF generation. Thus, it is important to get the location right everty single time they build a new one. Yet, I expect Mcap to reach $100M if the current prices continue.