Member Info for eegbvi

just guesses a number and Farran talks out of his other end so simply ignore them. Its summer holiday season - cricket horse racing etc until mid September. Just accept that and forget about IOF etc.

Last week successfully raised C$39 mln in new equity some of which is likely to go to the Rame/Mandalay Chile project. Part of the answer ??

Looks like a large cash raising will happen with Ambrosia taking its 28% up.

Hope not as cost to Piri will be £400k plus a 6-8 weeks suspension. I am aware of one thing that may happen if an RTO can be avoided. But that's not for discussion here.

I agree with you re a placing, most definitely, but at a somewhat higher price. They have a bit of time re that though. As to the iodine price I really don't know why you keep on banging on about a cheaper grade product which the Chileans are selling to India. The rest of iodine price is inching up albeit only slightly. Aimless please do try to stop twisting my words to suit your own argument. The 3 months I referred to was more rehabilitation

As predicted patient is out of ICU but having a bit of indigestion with rehab drugs. Take another three months I suspect but meanwhile we can have fun with our four funny posters albeit Hawky & Parrot are still in the bushes probably moulting.

Problem here is BoD and Chairman don't know what they want to do. One deal was $2.5mln with income of $3mln pa pre EBITDA and at least 15 years to go. BoD just didn't understand it and had problems with the price so don't hang your hats yet.

Just looking at this one at present if I can find out what it actually does. The £100k raised from Ambrosia doesn't say much other than for working capital and the number of shares issued for it was clearly a deal to avoid any trigger of a takeover situation by Ambrosia so in that sense the premium is a bit of a false one. Have to dig a bit more pre investing.

Hope you're right there as I'll be straight in for 250k. Sadly though it will be your usual wild guess. In fact the SP will probably go the other as IOF earns and reports in $$

Welcome to ME, I am Bahrain based and have been for several years now, along with Muscat, Dubai and Doha plus two years in Riyadh. I visit Saudi Aramco frequently but not in Ramadan. End of year my Saudi friends are looking at $60-65 re Brent and perhaps $80-85 by Q2 2017. Depends on if and when Putin throws in the towel. It should improve quite soon as Saudi plus the other GCC producers are exporting about 10%-15% less to mid September while the local electricity output surges re summer use. Saudi not expected to flood the market now but if pushed it can easily add 1mln bpd from new fields. They won't let US shale off the hook just yet.

Patient is out of ICU and into recovery unit. So wait while it takes more medicine.

Well the review judge etc there has two options, either give IOF a permit albeit maybe on a reduced basis, or tear up the whole local water extraction industry and its existing permits. Either way the present local decision makers will have a hard time. Little doubt the first option is the most likely together with a sort out of other existing permits. Its going to run on I suspect as will take time to sort out the existing local government mess. IOF may well get a reduced permit but then have to wait for local government to catch up. We will see soon enough.

Don't get into the Iran oil industry you will soon be out of your depth. I happen to be based in Bahrain/Abu Dhabi so know exactly what goes on. Iran's extra crude is 300kbpd tops after which they need heavy big oil help which will be difficult to obtain due to Iranian restrictions not least the fact that their banks are blocked from SWIFT in dollars. As to the US interest hike there may be 0.25% in Sept but if OPEC goes ahead with Euro contracts (Brexit permitting) the dollar could almost be in freefall so then US will have to hike taxes or interest maybe both. Either will severely damage the US so the Fed has a very difficult tightrope there. As to the iodine price seems you're quoting the somewhat false SQM/India price which is low quality and through an SQM India subsidiary to avoid punitive Indian tax. The price elsewhere is higher and steady. If you want to know what is really happening go to either US Govt site or mcgroup.co.uk/researches/iodine and stop being the SQM mouthpiece as you're only compounding their nonsense.

Farran has gone a bit quiet. Could that be that SQM has just been charged recently with serious breaches of its environmental permits and the Peso is strengthening against the US dollar leading to potentially higher iodine prices plus the Chilean Government can no longer subsidise the copper and iodine producers.

Solar agreed, but perhaps for once he/she may enlighten the rest of us with his incisive views to back up what seems at face value total waffle. Otherwise PT does look a bit like a bookie at the races.

Those are very sweeping statements ProTr. Can you support them. ?? If not you run the risk of making yourself look foolish. We will all appreciate your analysis. If you're simply guessing as looks likely then just say so, it doesn't hurt to admit that.

Aimless. I suspect part of the answer is that no directors would want to buy while the debt issue was unresolved. I am an oil co director and certainly wouldn't invest with that loan overhang unresolved. Just a thought !!

Solarobservation directors are tightly bound by both UK Stock Exchange rules and in IOF case also to some extent by US also so the time line annually is somewhat limited. Re the official Becker interview its says all the right things but remember to look for what it didn't say, such as the recent intervention of the US Environmental Protection Agency. This will make most oil/gas drilling more difficult from a licencing point of view plus make it more expensive thus cutting out a lot of shale oil drillers. On the other hand IOF could work well with the EPA on the basis they are cleaning up polluted oil ponds. Just remember though that there's a definite sales pitch there, as any company director gives so always look under the dust covers.

Actually the iodine price is not dropping but SQM is attempting to drop it in an effort to regain market share but with OPEC starting to write new contracts in euro the dollar may be starting to drop a long way. Once that happens (early Q4) SQM's fox will be shot. I have no worries whatsoever re IOF but then I'm not constantly on here making clueless remarks out of sheer panic. As I sold all my IOF over a year ago I can afford to laugh at clueless idiots. They know who they are. !!

At last some blue sky here. We now know that any dilution if it should happen over the next two years will probably be no more than 25 mln new shares depending on the SP at the time. But if US Govt Iodine 2017 forecasts turn out to be correct there will be a shortage of about 2900 tons pa which should push up prices to $30-32. As to SQM with the dollar likely to fall dramatically over the next six months SQM will struggle to just stand still re iodine. But as its now a sizable lithium producer it doesn't really need to rely on iodine so it should be ok provided it can avoid the wrath of the Chilean Govt over various misdemeanours. IOF should also be helped by US Environmental Dept recently taking over all US shale ponds and drilling. Good luck Farran I think you're going to need it.