Member Info for Ecclescake

Iodine supply under pressure
https://amp.ft.com/content/43ed293b-2a0d-4f18-8039-3ff2d728b9a4
https://www.indmin.com/Article/5089882/Europes-radiation-worries-put-extra-pressure-on-iodine-market.html

Argentina haven't defaulted, but they have agreed to changes which will enable them to repay the loan. One change agreed
By the senate involves the lowering of energy subsidises which will result in PPC receiving an increase in the barrel price.
You can find lot of info on the web on the agreements
https://www.imf.org/en/Countries/ARG

Two failed drills behind us, my perception was that was partially down to the drill team but majority down to location. 30% is meaningless really, what it is saying is this is a high risk attempt to release to oil, its there we just need to tap into it. What would be more helpful is to say if we don't achieve a working well we will have a plan B. Is it a success or bust shot.
What's the downside result?

Brasso, yes your correct about the targets, I was trying show that instead of making profits to reinvest back into the business, shareholders have had to dig deep to basically stand still. People where asking why the SP never responds to positive news, so that was my conclusion. You would probably be better at making a stab at how much difference the price fix has cost . My guess over ten years is $100 million . Targets are easier ti hit if you can throw cash at it, but everything here has to be done on a shoe string, in a way we're better off than we should be. Others would have failed. I've backed this for several years and taken part in every fund raising in that time. Paraquay is the route out. Isn't hindsight a wonderful thing.

Let's not forget, Samsung didn't formulate thier dots independently, they came to it after Nanoco showed them how it was done. Samsung can't hide the time line. That said the patents have to stand alone if the do, then the wilful theft of IP will be difficult to defend. My hope, feeling, desire is Nanoco prevails

The lower oil and gas prices over the past 7 plus years has caused the fund raising and dilution for very little increase in output basically we've subsidised the Argentinan economy. That's why the shareprice is stuck and buyers don't come in when we have good news, we sell the majority of our output at a substantial discount. Imagine where this would be if we'd got full market price. Hopefully with the pressure from the IMF we could see some improvement, Argentina should have been a world leading oil and gas player but they bungled it and we paid the price. At least its still viable thanks to PL

I think the true value here is 6p
I think the for the sp performance is Argentina, we have to live with the reduce barrel price for oil and gas. We do t have much spare cash and output has hardly increased despite the spending. On top of these there is the poor state of the Argentina economy and peronist politics. As things stand there is probably a critical mass point to make I work but we don't appear to be near it interms of output. Best hope is Paraguay

Industries using Iodine are expanding as well, batteries for instance are required more and more in our green energy world. Samsung are starting solid state battery production, not sure how all this demand will be met.

I think you have something there Harry.

Yes, he's back

He had never ending opportunity to buy big an cheap in the last year, so something has or is about to happen which has brought him to the market, so the question is what can that be. Is it the Iodine price, increased production, new process, takeover, seed sale any other thoughts.

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/

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.

The trades at 19p are buys also

amerloque, good points. Could this work around on production process be the reason for the recent output shortages at the new factory.
Incidentally it's now being reported as a cost issue. Could be the process has become more expensive or the are finding a way to pay for the upcoming award to Nanoco
https://www.whathifi.com/news/reports-of-more-issues-for-samsungs-qd-oled-tvs-with-an-internal-price-dispute ??

Appears samsung have found CF and want to tell the world.
new release 03.02.22
http://global.samsungdisplay.com/29385/

If they had a way to produce CFQD do you think a patent would be a good idea unless someone already had one
http://bit.ly/2AG43MT

No rush

I have to agree, however I not received a reply to a previous email. Its seams to be taking 2 years to bring a new plant on stream and it appears they are unable to run anywhere near full capacity. It inconceivable there are about to build IO9 on the same formate and expect a better outcome. Tom did promise better communications and I don't think anyone would say he's delivered. The seed fiasco has just turned into an open sore. Any positive aspects of news don't have any facts and finances attached which is just a complete wind-up. Ther just feels like Tom has a bunker mentality brought about by an inability to run a successful business. Unable to maximise the $50 iodine price because of poor production output and slow expansion plans. IO9 news is now a month late. I've lost count of all the rns highlights which about to SFA, fortune 500, plant upgrades, resting IO5, chemical production line upgrades, plus all the failed projects, atlantis field production cancellations, water project, seeds. Maybe Sneller has a plan?

In the past they have reported late, what difference are you expecting it to make? The board see Banks as a hostile share holder and he probably feels the same so isn't going to play nice.