Iofina Share Discussion Threads

[woolybanana] 13/10/2014 17:10

Behave; you sound like a frustrated traffic warden

[woolybanana] 13/10/2014 16:59

ACT, that was very silly indeed. Stop it this minute or you will get the stick.

[jasisdad] 13/10/2014 16:54

ACT intrigued. What on earth do you get out of those comments? Satisfaction, pleasure? If you are 50 as suggested earlier I am amazed as it is the same sort of stuff you get out of an 8 year old bully?

[arlington chetwynd talbot] 13/10/2014 16:30

Relatives eh? Not content with destroying your own portfolio you now want to bring relatives into the pain Stalin?

[joestalin] 13/10/2014 15:21

Got a few for a relative's SIPP at 47p, today. I hope the share price remains low into next week.

[superg1] 13/10/2014 11:17

He's that pickled he probably doesn't even recall the netley avatar. At his half century now so it's only going to get worse.

[orslega] 13/10/2014 11:08

thanks sg1 - thought as much, must pay closer attention...

ACT filtered

[superg1] 13/10/2014 11:01

Ors Yes absolutely 100% plus a few others avatars of course.

[superg1] 13/10/2014 10:59

lol Seriously is that the discussion? Just a few weeks back the permit wasn't coming, and the bond holders would take control of the company.

They can only pay some back if the holders agree to it.

So watch out for the potential bad news of a guestimate of $10m to $15m going into the bank. I have no idea whether that would include all aspects of the water side of things.

More importantly don't even begin to think it's a one horse race on interest.

[orslega] 13/10/2014 10:52

can someone confirm that ACT is the old Netley who I had on filter, looks like it as no posts from Netley recently...their posting style gives it away....just need to sort out a new filter

seem to recall Netley got caught out here trying to be too clever..it must have been a pain to keep checking on conversations between oneself!lol Was only a question of time to slip up......so time for another name change, advfn full of these types, that's the problem...

[woolybanana] 13/10/2014 10:49

Of course it will go to paying down debt but also to developing further their capacity to obtain iodine whether by big or small equipment.

[arlington chetwynd talbot] 13/10/2014 10:42

Oh, and any JV cash will go straight towards repaying some of the debt. You do remember you still have tranches of debt? The big one will need repaying because it's way under water.

[che7win] 13/10/2014 10:24

TUNG market cap:£337m

Losses this year.
2015:£16m losses forecast.

Compare to IOF which will be profitable next year and growing those profits quickly.

ACT, you don't fool me.

[stevo2011] 13/10/2014 10:10

The drunk is going in overdrive as the markets are and have been in free fall , he haunts his three shares he is obsessed with shorting , I can't wait to see things turn.

[bocker01] 13/10/2014 10:07

ACT, prepare to be astonished!

[arlington chetwynd talbot] 13/10/2014 10:03

For those who are under the misapprehension that this is dirt cheap, let me explain rather simply why it is actually quite expensive.

It has a MV of £60m so should be making around a tenth of that in profits.

I can assure you it will make nowhere near £6m this year or next year.

It will be astonishing if it avoids a loss this year, and anything over £2m next year.

It's a £20m firm trading at £60m atm.

Worth no more than 15p on fundamentals.

[superg1] 12/10/2014 23:02

For whoever asked the question.

The running costs of wells in existence in the Mississippi Lime play in relation to Midstates is $4.51 per barrel of oil equivalent, as of Q2 this year.

It seems their SWD max available capacities average out at just over 50,000 barrels per day for each SWD.

[superg1] 12/10/2014 22:14

Monty

Over 3 million barrels per day were going down wells before this recent frack interest started. IOF quoted that this amounted to 19000 mt per year of iodine going down wells. They have 1000's of samples from wells to be able to calculate such a figure.

The link to show the figure related to Oklahoma only was on the same page.

With those samples IOF then sought to lease the commercial areas, and as we now know they have 82000 acres covered. They won't have bothered with any lease areas that were not commercial, so those 82k acres relate to a lot of iodine.

[superg1] 12/10/2014 20:47

Engelo

The full extent of the use of water, the rules, the various twists re closed basins, tributaries, and aquifers amounts to a huge amount of information which is difficult to digest.

I will have to check but I think Halliburton used about 10 billion gallons across the US, I would need to re-check if that was per year or over the time period mentioned.

That's just Halliburton and is equal to 3 times what the Bakken needed in 2012.

It's big, and to be honest I had no idea until recently by just how much of a margin Halliburton dominate the fresh water sector.

It wasn't relevant until the permit looked like it was on it's way.

People going on about how much the little depots supply or not is a farce a big misrepresentation of the amount of water the likes of Halliburton need.

It's your corner shop v Walmart.

I have a theory about what Hal are up to, and it's all about forward thinking imo.

Let's see if the public notice date appears next week on the website.

[monty panesar] 12/10/2014 19:32

Ideally IOF for iodine production need an oil price between $50-80 per barrel. When the price falls below $80 it means reduced fracking however below $50 it become uneconomical in the Mississippi Lime. The ML has lower cost than the Bakken. North Sea and the Tar Sands (generally)have higher costs. The Saudis can't tolerate low oil prices for long or else they will have civil unrest. I can see the price falling to $80 but at that price a lot of global production will be uneconomic.

[arlington chetwynd talbot] 12/10/2014 18:23

Collapsing oil prices are relevant here for obvious reasons. There is some talk amongst analysts that certain OPEC members are targeting lower prices in an attempt to harm higher-cost producers and regain market share from the US shale producers.

If this is true then it will have a negative effect on IOF's operations. I expect this factor will be highlighted in the Annual Report next year.

[engelo] 12/10/2014 17:33

OT a bit: Well known that fracking can cause contamination of domestic water supplies. But maybe not the case:

"The drilling procedure called fracking didn’t cause much-publicized cases of tainted groundwater in areas of the states of Pennsylvania and Texas, a new study finds. Instead, it blames the contamination on problems in pipes and seals in natural gas wells."

[engelo] 12/10/2014 17:29

SG: wouldn't have thought that you had anything further to publish on the water business, but 25924 is a storming post and opens my eyes a little wider than they were already :-)

Understand that it's not the time to pursue additional permits in MT, but ND might be next. Believe the permit application process may be simpler, although there are different problems there I know due to state govt participation.