The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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He’s not either most inspirational person to listen to, however, the information that came out was interesting, well worth listening to and he did get it across well. That’s my take anyway. Here’s hoping for the future and the growth plans coming to fruition
Been investing on & off know since 2008;
this is my first investment that's bagged when it hit 28p.
How hard is aim market?
Sold some this week, but will hold on tight to what I've got now.
Iodine price hopefully stays strong for many years to come to aid Iofinas growth as seems they do everything at half speed.
Maybe it's good they're double cautious now.
Cheers
Rylidan. It could certainly be that the additional loans could relate to your point 1 or point 3 or both. It can’t possibly be point 2. IOF’s profits are going to be stratospheric this year with iodine spot prices at $70+/kg.
I said at the end of my post of 10 April when the sp was 19p: ‘I believe that the sp could/ should reach 30p+ in very short order.’ Well, it would have hit that by now if they had only got their act together on their new IO 9 and I0 10 plants.
Although my previous prediction hasn’t quite materialised yet, I can even more confidently predict that the sp will hit 50p+ by the time their interims are produced at the end of September.
There is talk a IO9 & IO10 in quick succession and upgrading and manufacturing in the chemical division. It would be good to have details on the chemical side which has always been In deficit.
Also they have mentioned using parts of IO5 and there was news that some of IO9 long lead parts already on order to shorten completion, supposedly in production this year.
IO9 promising to be something special either in size or performance or production of other minerals otherwise why would it take so long.
Could be chemical division has a block buster product or process to come on stream.
Detail give me detail is the cry
Been looking at the RNS again. I'm quite surprised by the level of additional debt they have secured. It doesn't seem needed for just one plant? So are there things not being said?
1. Do they actually have a number of plants lined up OR
2. Is profit this year below expectations and therefore not available foe expansion?
3. Is there another reason for the two loans, the new revolving credit AND not paying off the existing loan as per their agreement.
The numbers don't add up for me, so would like the company to explain further if possible. Or someone here may have a view?
That said the rate they have secured for new loans is very good. It would have been good to pay off the older higher rate loans sooner, but now that won't happen.
Keep up down at the back. !!!
And I was hoping we would clear all out debt
I thought IO9 was well underway?
Got the money, just need something other than seeds to spend it on! Could be the trigger to a price surge today.
We need news on IO9 soon, certainly before the autumn
I've seen articles online suggesting prices have hit $80-$95.00/kg over recent weeks. Small daily rises are absolutely fine, keeps the pump and dump merchants away.
Let’s hope for sooner with a bit of momentum and not just fundamentals
£ 1.00 within 24 months.
Still looks very cheap to me. With Iodine at $70/kg and global demand rising we should be closer to 50p, and to £1 with a couple more plants in the right locations. No reason to sell anything for quite a while yet.
If it can hit 30p by the end of the week a lot of holders whom bought in late 2019/early 2020 should be at break even.
Would expect this to sit in 30p bracket ,while bods decide whether to stay or go.
I09 surely must be sorted by now as the waits getting silly.
Cheers
Apologies, previous post in error!
They have made a balls up of the placing, many brokers don’t/won’t work with Turner Pope therefore existing holders who want shares are being forced to buy on the open market, another own goal.
The BoD are starting to look inept!!
I do t think they are starting the buy back, my understanding is that they just wanted the option to be able to do so should the need arise
Point well made, however, I’ve been in this since 2012 and built up a good position that’s now at B/E. I do have faith as I’ve had several email chains with Tom over the last 18 months. Nothing out of the ordinary in the replies, but the reports from the AGM have given me good reason to hope for a brighter future
I could be wrong but I think it has to go through the high courts of justice to be approved. They will buy back over time, usually several times a week depending on the volumes. However, with stock very tight I think they'll have a job buying back in size so it could be a slow process.
Would I be right is assuming this will drop by 19M when IOF complete the share buy back?
Has this started or do they do this in one hit?
I'd reserve your faith in the BoD until the bring IO9 in and have it up and running before the end of the year as promised. The don't have the best record on delivering unfortunately.
We need news on IO9 - once that comes we should move up again. Given the recent changes the company has made and after reports from the AGM I’m staying in all the way. Have more confidence in the management now