RE: Update19 Jan 2022 14:47
The continuing ineptitude is breathtaking, for months we're told the Iodine price is strong and rising and looks to continue. It reaches $50 kilo the plants we have aren't running at capacity IO5 is still idle the next plant is minimum 8 months away, the chemical business is going well, but if the Iodine production is a bench mark who can say how well. Inlight of this doesn't the BOD look top heavy with 4 non exec's.
Drill Rigs have been standing idle last year couldn't they have sunk a well into brine and stuck a super plant on top. It's taking two years to bring a plant on line only to perform poorly. 5 years ago a plant could produce 1000 kilos a day since then we heard about improvements and upgrades, for the 5 plants we have to run at about 30% capacity. Meanwhile they have time to muck about with seeds.
Supposedly they are ment to be improving communication to shareholders instead they've just highlighted how inept they are. If IO9 is with a 3rd party brine supply someone should be considering thier position, because it's proven not to be efficient and often does not work at all. Fiasco