RE: Cost's of Hemp licence10 Jul 2019 10:48
Jb, have you tried reading the RNSs from IOF? There's a lot of information in them. You can see them on the Iofina website, or investegate.co.uk (just search for IOF) or londonstockexchange - and even here, I believe, although I've never used this site for the RNS information.
Basically, we're waiting for new that IO8 will start being built - this should be soon but not necessarily in the next two months was what they said at the AGM in early June (so maybe mid August?). We're also waiting to hear more about the CBD opportunity; they should have the license by now, I believe, if they turned up to the orientation day, but we don't know how long their research period will last. They have the potential for partnering up on the CBD opportunity (presumably to scale more quickly), but I don't know when or if that will happen. Their derivatives side, IC, has a new product this year which it is ramping up on with production and should impact positively. With the recent placing, IOF should also be in a much better place financially now as well.
So, lots of good things to come, hopefully, but many of us have been here for many years and experienced a plethora of unfortunate events, so we all prefer to be cautious (we are a bit dependent on our oil partners for the brine for the iodine, for example; there could be problems in scaling up the CBD production for some reason, there could be a natural event causing damage to our best-producing plants, etc).
Also, you need to read carefully (particularly with RNSs). Like LO, I don't believe anyone on ADVFN said that production will start - that's something you (mis-)read into something that someone said; otherwise there'd have been a host of people correcting it. Most on ADVFN have been in this share a long time and so maybe don't spell things out that can seem misleading to new people; but misreading things can get people annoyed - just a friendly guidance.
I came online to pay my bills, so maybe I should do that :-(
ADVFN has been a nightmare over the last day or so, but it seems to be getting back to normal now - it is usually a good board.