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You mate have ignored analysis, Iodine still falling this year, Indmin quoting sources talking about downwards pressure. You guys falling over yourselves to buy at 20p, now down near 1/3, market ignores #12m bonds needing reset, what is the dilutiobn going to be. Brine pipeline may cut supply risk, but how much conce3ntration in the brine? They would have done it before if feasible? What's the cash, what's the cash burn? Let's have your figures Crazy, a few sellers around, wathc that doesn't become an avalancje
Who do you expect pays 20p mate? A £28m mkt cap + 12m debt, £40m enterprise value? They are switching into main brine pipeline, you know the risks that entails with possible dilution? Iodine price pressure still there...they are doing well...but no financials known
Wrong - House broker comment. IOF themselves said "toward cashflow positive" operations in Jan..Since then iodine falling more,...operations is the plants, doesn't include admin overheads,..according to TW article..stop ignoring the facts mate..at this price market ignores bonds...
I thought this a disussion board...you don't want to talk about last years performance, not the $3.6m forecast loss in the article this week on iii, that is house broker, about $3m loss H2? Nor talk about cash position, or the falling iodine price this year. Just wanted to know do they need cash to keep going and how do they get it when they owe $19m and market cap about the same? Ignore me if you want to mate...cash position since yr end will have changed, the accounts are historic, is cash enough..they are not cash flow positive but u want to ignore the market cap is owed, if they reset that doubles shares, you think someone will lend on better terms? So we restrcited to talking about production figures? Will ppm be diluted in main brine pipes? You worked that out? Go ahead mate..i
The article I quote from up todate: http://www.iii.co.uk/articles/308682/how-iofina-surged-150 "urrently, the broker still forecasts sales of $20.6 million (£14.4 million) in 2015 versus $25.8 million the year before, although losses at the cash level should have shrunk from $0.7 million to $0.2 million. At the pre-tax level, Iofina is still expected to have lost $3.6 million last year before finally making a pre-tax profit in 2017." That means H2 last year losses ballooned? Maybe mate you can enlighten us? Cash position please. They dont mention expecting to be profitable this year, SQM say iodine falling this year and it i, those results will tell truth
you may think me talk rubbish, me thinks you talk rubbish "At the pre-tax level, Iofina is still expected to have lost $3.6 million last year". So they lose $3.6m last year, another loss expected this year and market cap in debt. Shares dilution ahead..not investible,.see you at results, hawky called this spot on
Raising money at this price would be a disaster. The January update makes clear they aren't cash flow positive on operations. If they aren't profitable on the plants, then including the overheads makes the situation difficult as they burn cash. I would like a cash figure