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Fell last week despite Yellen and Fed trying to talk it up yesterday with hints of a rate rise. Saudi is preparing for Euro based oil contracts. China oil alone will account for $600mln less per day and even Saudi is now trying to get rid of some dollars but that will be a very long haul for them. If that carries on though the S American mineral producers will be in deep trouble unless they reprice in Euro etc. Meanwhile US Govt forecasts iodine will reach balance in Q4 with a deficit in production for 2017

If OPEC start writing oil contracts in euro as they will sooner or later the dollar will drop 20% and that's on the cards now. Will take 7% pa interest rate to stabilize it then not some if and maybe, but probably not, 0.25% hike. US has about $7tln paper outside the country and China, Japan, France, Germany plus UK and even Canada have been dumping dollars for some months now. The present short term strength is from New York and Singapore. We will see where we are with it by Sept/Oct. Doubtless the Fed will keep on trying to paper over the cracks. Only way out for US is a very significant tax hike but I doubt their politicians will do it as no politicians ever commit suicide.

Why don't you stop parroting SQM. Been done before and always ends in tears. Have a look at the dollar. Looks like its about to fall big time as OPEC brings in Euro oil contracts. Unless Chile can manipulate its Peso lower its game set and match against all Chilean minerals producers. But to some extent IOF will also be hit unless it changes its export prices to Euro or Yen.

Nice try but simply not good enough is it ! IOF works on the value added margin not the base cost, so a lower base cost gives a higher profit albeit it does also enable IOF to lower its final sales price if needed. Classic example is the UK petrol price but that is also clouded by HMRC tax etc. As to Chile forget the fx there as its manipulated plus the US$ was firmer the last few days but that won't last as OPEC is beginning to write oil contracts in Euro. Once that takes hold the dollar will be in deep trouble as will Chilean minerals producers.

Well you too seem to have cottoned on to the the fact that the bulk of production is being sold through IC as value added products. Its a shame that those two idiots (they know who they are) that keep on banging on re the price of iodine haven't yet realised that. But then I assume to do so would ruin their negative agenda.

That's great news re Mid States if for once you're correct as IOF will get a much cheaper Receiver deal.

Forget market cap this refers to number of shares in issue and to be issued, probably above the present price with luck. If you don't understand that don't comment on it.

A lot depends on the SP at the time(perhaps Oct or so after H1 2016 results ?) but I suspect say a 1 for 4 then to raise about $10 mln or so. At that number for 100 shares you finish with 125 shares but SP discounted by the market at around 20%-22% so you have then about the same number price wise but have a company stronger with much less debt. I assume from that point the SP would strengthen before too long. All hypothetical at present though so don't bet the house on it. Meanwhile the market will likely go to sleep generally June/July/August so lots of time to think about it all. IMO anything above 25p is not sustainable just now. But we will see soon enough. If the dollar collapses the iodine price will rise as both Chile and Japan need a strong dollar re iodine pricing.

To answer your question, almost certainly a rights & placement to raise $8-10 mln and then negotiate the rest of the debt. Probably Q3 at about 25-30p. Ignore what they say now as it won't apply then.

You seem to be the one with the aimless ego along with Hawky and Parrot. Carry on playing with your blocks. This particular bb is often like squabbling children which is why its now subject of a quite funny book. You're one of the aimless stars so do enjoy the limelight.

Somewhat amusing to see the usual two idiots banging on about the iodine export price going down. Clearly neither of them actually has the slightest idea of what IOF really does. It doesn't export iodine but what it does do is sell value added derivatives through its chemicals division. So up to a point the lower iodine price gives IOF chemicals a higher sales margin. IOF isn't an iodine producer but a derivatives producer. That said though there is still the tricky matter of the 2017 debt to sort out. Until that gets some attention the SP won't go far. Please the pair of you (you know who you are) do a bit of research prior to spouting nonsense on here.

OilMajor there's quite a lot of truth in your analysis. My own company was perhaps looking at offering them an oil & gas producing asset, to include a proven first class drilling and operational unit at a huge discount to the 2013 numbers. The asset even in the last Feb downturn was pre EBITDA positive and is since profitable. It is in a NATO country and would have been a very good fit for TPR. But of course it would have been an RTO and so very few of the present TPR BoD would have remained. As it happened the nominated TPR director failed to turn up on three occasions so that deal is going to another AIM competitor. I wonder why the TRP chap didn't show but we can all guess.

Can't see any real reason for today's SP jump unless someone somewhere thinks they know something the market doesn't. On the Iodine pricing front the dollar has dropped against the peso so that will force Chilean iodine prices up sooner rather than later. Also the latest US Govt commodities survey is suggesting the 2,900 tons iodine surplus will disappear later this year to be replaced by a 3,000 tons deficit in 2017. That should also push iodine prices higher over the next few months. Let us hope that IOF is able to take advantage of this rather than wasting time & money re-siting plants. Farran will doubtless disagree of course and meanwhile the Escape artist has gone back to ADVFN to tell people there how he/she made a profit on IOF to invest elsewhere.

well actually the iodine price isn't falling and even if it was that wouldn't make much difference to IOF since the bulk of its iodine production is sold after processing as derivatives with added value. Why would the plants be carrying admin overheads ?? Those should be taken in later on with sales costs pre EBITDA. As to the in house broker report its simply that nothing more. Yes the main problem next year could well be the debt issue and it will need a sensible solution but its not in those creditors' interest to pull the plug unless of course the IOF situation gets a lot worse. At least though there is no shortage of spent water for IOF to use for extraction with several hundreds of spent polluted well ponds to be cleaned and at the drillers' expense now. IOF can benefit from that also.

Very simple really just stick to known facts not what may or may not happen re cash, loans, share price and broker's notes. Until you have those facts you're simply clutching at straws just as poor old Hawky used to. As to broker's notes they usually quickly go into my shredder or rubbish bin, but that's my choice.

I can't enlighten you anymore than you can enlighten anyone else and now you're even guessing re the old 2015 situation so really you're still clutching at straws as to what may or may not have been at 31 Dec 2015. But Jan 1st could be quite different as we all know. A classic example is in football where as at 31 Dec 2015 Villa may have said they wouldn't be relegated whereas now they almost certainly will. I'm not in any way trying to say IOF situation will be all rosy, far from it but equally well I'm not going to start guessing the situation by clutching at a few straws. May I suggest you wait for the usual annual financials and if you don't like what you see ask the IOF BoD what its done about it all rather than pontificating on here.

Why do you insist on quoting old news as at one day of the year 31 Dec 2015. You sound like poor old Hawky with his auditor's desire for typical accountant useless information. That's the reason accountants are usually a BoD disaster. They will give you a thousand reasons for not doing something and virtually no positive reasons for doing it. Stop trying to quote what you think happened six months ago, as its largely irrelevant now. You sound like a back seat driver who is also looking out of the back window. We all know what would happen there. That's without your added guessing either.

I don't now hold any IOF but I suspect Hawky and Parrot have Escaped to Home to await some more ripe fruit. Nice to see IOF maybe over the worst but I suspect the present SP rise is a bit overdone as there really wasn't anything new in the RNS so its probably a relief rally which will dry up soon enough.

You're forgeting the fact that the BoD members have millions of shares which they almost certainly want to see at a much higher price, plus a shed load of options.

BoD will be using it convince investors the share consolidation was a good thing and also as a sounding board re probably a further cash call a little later in the year once they see how the new share price has settled down. More skullduggery or sense. ?? Only time will tell.