Iofina Share Discussion Threads

[bobsworth] 07/11/2014 20:07

Asked Lance back in early Oct about winter planning.
He promptly replied “The team is reviewing winter operations”
So unlike the last management team it’s been on their busy agenda!

[bogg1e] 07/11/2014 19:21

Cheers sg, no intent to alarm, just a heads up.

[superg1] 07/11/2014 18:12

Cyber

re storage tanks. Yields would drop as the brine would cool, I believe the optimum level is around 40c plus and in arrives above 40.

[engelo] 07/11/2014 18:12

SG: Agreed IOF are just fine in cold weather. It's the oil cos who might have problems.

[superg1] 07/11/2014 18:07

Bog

You seem stuck in cold weather mode and as pointed out that has affected things from a start up point of view rather than operational continuance.

EG

'Production volumes at IO#2 remain consistent. Despite extremely cold weather in the area downtime in December and January has been limited as a result of appropriate planning and proper execution by the operations teams.'

So that extremely cold weather had little effect.

io4

'The Group hoped to begin hydro testing at IO#4 earlier in February but was limited by winter storms and cold weather. Operator tie-in was also scheduled to be complete at that time but was delayed due to cold weather in the area.'#

So it seems that topic is a little misleading compared to what they have actually reported.

It has affected start-ups, not plants in production.

[arlington chetwynd talbot] 07/11/2014 18:03

You mean Newkie Brown?

Alas tis not my cup of tea, nor is harassing young women ;)

[mister big] 07/11/2014 17:46

ACT is a sad troll in his bedroom with six pack of Newcastle brown -
Nothing has changed , no news and what we know is company has over 7m dollars , water rights and is getting on top of production issues.
Long term - it will work out just fine!!

[arlington chetwynd talbot] 07/11/2014 16:43

"The company is now profitable and so we are not going bust,"

If ever the term tempting providence needed an example.

[cyberbub] 07/11/2014 16:31

Agreed rogerbridge, quite apart from mister big, Lance and his family trust have 9 million reasons to work hard to make a success of it this time.Weather... well we can't do much about it. If we get a month or two of lower than average brine supply that's just something we will have to grin and bear IMO. The company is now profitable and so we are not going bust, and I don't think a £50M valuation is excessive today... obviously Mr Market may disagree...GLA

[bogg1e] 07/11/2014 16:27

more on last years polar vortex on wiki:



Although temperature varied across the states its interesting to note both Canada and Wisconsin had -37 degrees c and as the wiki demonstrates new record low temperatures were recorded last year, some of which hadnt been nroken since the late 1800s, which is hardly a surprise, global weather extremes have been on the rise for a while now, is winters arent behaving as normally as histry would suggest, Again, who knows what the weather is in 3 months, just a heads up.

[cyberbub] 07/11/2014 16:26

Go on mister big, take another mill, you know you want to!!

[arlington chetwynd talbot] 07/11/2014 16:24

Yes but I can't see a real collapse in oil... but I've been wrong before ;)

[mister big] 07/11/2014 16:21

Act - oil is not looking too hot at moment - maybe you are right , it's a busted flush. I have been wrong before . Lol

[rogerbridge] 07/11/2014 16:18

The weather is always bad in the winter, but this would have been taken into account and I do not see any reason for concern. It is just a part of every day life over there.
We are much better prepared and there is no construction going on at present, as far as I know.
Good point about the minis.
Water also to come I think next year we will be sticking a £1 in front of the share price.

[bogg1e] 07/11/2014 16:12

This is where the minis are interesting, cos they provide iodine rich mud and have no crystalisation function, then having eg 100 tonnes in inventory to process when the main plant has brine shut off due to cold etc, means we can still keep on pumping out iodine all year round.

[arlington chetwynd talbot] 07/11/2014 15:57

Not really blubber, it's a market. There is no sentiment, it's trade... at any price. Turn.

[cyberbub] 07/11/2014 15:53

Hard to understand who is selling now, that didn't have the chance to over the last month...

[sandbag] 07/11/2014 15:53

As long as there is power available keeping liquids moving isn't a problem as Trace Heating will be used. However drilling rigs need items delivered from food to cement and this is where the problem lies in 10ft snow drifts. You can't get the vehicles in and out.

[cyberbub] 07/11/2014 15:46

Have Iofina considered brine storage tanks say, to provide a few days' 'buffer' supply in case the wells need to be closed due to power outages?

[superg1] 07/11/2014 15:21

The early trouble they had was trying to start io2 in 10 foot snow drifts. The heater for the chemical tank had frozen and needed renewal (I asked).

The brine is hot and is piped in underground so doesn't get too affected. I suppose the problem comes if their is a power outage and it's left idle in severe cold weather pre re-start. That's where insulation and the like kicks in.
,
The weather on the io2 start up is not typical, and was rare for the area.

[arlington chetwynd talbot] 07/11/2014 15:19

Let's face it, this is a busted flush. The water is going to part-fund a failing business.

Last chance saloon is oil, isn't it Banksy?

[crosseyed] 07/11/2014 15:08

cyberbub,
...become increasingly less important as we expand to other areas of the country ...

Would that not imply moving further south since iodine operations are presently centred on Oklahoma, itself already well to the south ?
IOF's other main areas of interest, originally with Iodine in mind, were N Dakota and Montana, both guaranteed to be much colder throughout a long winter.

c

[mikkydhu] 07/11/2014 15:08

I think there is a limit to what IOF can do to mitigate winter problems because it is the way the weather affects the oil companies that particularly matters. If cold weather or electricity outages force oil companies to shut down operations, then we don't get the water produced in the oil production process.

[cyberbub] 07/11/2014 14:56

It's a fair point Boggle, but for long termers should become increasingly less important as we expand to other areas of the country (touch wood!)...

[dcgray21] 07/11/2014 14:34

Nice one - thanks Bogg1e