Iofina Share Discussion Threads

[dafad] 13/1/2015 07:05

RNS Number : 9677B

Iofina PLC

13 January 2015

13 January 2015

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)

TRADING UPDATE

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, is pleased to provide an update to the market today on performance over a transformational 12 month period for the Company.

Iofina produced a total of 327.7MT (2013: 171MT) of crystalline iodine in 2014 from its IOsorb(R) plants across the USA, a like-for-like increase of over 90%. This 2014 production total was achieved in spite of lower than expected water volumes in December, due to fracking in Iofina's Oklahoma production area. The Company expects to produce 220-260MT of crystalline iodine in H1 2015 from its existing IOsorb(R) plants.

Furthermore, the Board expects overall Revenue in 2014 to be over 35% higher than 2013 Revenue, in a year when iodine prices fell more sharply than expected. Iofina's specialty chemical derivatives producer, Iofina Chemical, continues to be a market-leader and the Board remains highly encouraged by its performance.

Pursuant to the Company's 22 December RNS, the Department of Natural Resources and Conservation ("DNRC") of the State of Montana has reviewed all objections and only a portion of one objection has been deemed valid, for the Company's Montana water permit (No. 40S 30066181). All other filed objections were deemed invalid. The hearing date for this single objection, from a local water supply competitor, is tentatively scheduled for 19 February 2015. The Company will vigorously defend the granting of the preliminary permit and continues to move forward with execution plans for this water depot project.

Commenting on today's Trading Update, President and CEO Dr. Tom Becker, stated: "I am delighted that that we had a productive second half of 2014 and continue to optimize iodine production at our IOsorb(R) plants while providing the iodine chemical derivatives market with quality, innovative products through Iofina Chemical. Through improved plant efficiencies and strategic growth the Board expects 2015 to be an exceptional year for Iofina and looks forward to updating shareholders on progress."

[rogerbridge] 12/1/2015 19:51

Gold, It's all smoke and mirrors and paper certificates for trading. I wouldn't be surprised if that one of the big brokers forecasts gold to plumet or rise to their clients and then quietly do the opposite when their target price is reached. I do not trust anyone these days.
Gold is getting more expensive to mine with lower grades becoming unviable n the ong stun prices will have to increase r there will be little gold mined. However that could become time away.
Best stick with IOF, a little goldmine about to come good.

[superg1] 12/1/2015 19:48

Good to see the quindell guys get a bounce. You can see the desperation of the bears as they have been very keen today to get news out about Gotham releasing more research 'slashing the 45p price target.

All orchestrated, it seems by Tom Win.

I suspect some of his associates have been fried.

[superg1] 12/1/2015 15:40

Che

The expert forecasts are a bit of a chuckle. It's so easy for them to just dismiss what they forecast a while back for this year on gold prices.

Prices of $2000, $2,400 and $3000, $3500 and $10,000 per oz.

Not a typo $10,000 per oz

'SocGen Strategist Repeats $10,000 Gold Forecast'

[superg1] 12/1/2015 15:03

Che

The collective marginal small companies who are not committed to forward selling like the bug players.

I think of areas like Western Montana the Alberta Bakken where they saw mixed results. There will be many marginal plays worldwide that became viable due to the decent sustained oil price.

Gold did the same re small players chasing the less productive areas on the price hike.

The work the guy does on the CHIP thread re gold is fantastic and quite an eye opener doe all in costs for some.

That thread is worth a look at, especially the newer charts where he lists gold miners market performance.

Of the 90 listed only 11 are up since their original listing date, with about 80% of them over 90% down on listing prices.

It gives a good idea of how difficult it is to pick mining winners, that's why I tend to steer clear of miners of all types.

The same can be said for small oil stocks.

[che7win] 12/1/2015 14:21

Meb,
Goldman might have done well today if they put a big short on oil before releasing their price forecast.

I ignore them, their last one of $200 per barrel was followed a few months later with oil declining to $40.

Oil shale costs will fall now that demand on services is falling back. Oil production isn't forecast to fall much in the US, so where is oil production declines going to come from?

[meb123] 12/1/2015 14:06

Lets hope so DC.
By the way Goldmans are forecasting $40 per barrel . Lets also hope that the market does not view IOF as an oil company ! I seem to remember however in the boom times , Golmans were talking about oil at $200 which of course never arrived . Perhaps this means that oil has bottomed if you dont belive in anything that Goldmans says .

[superg1] 12/1/2015 14:02

AOTN

I believe we met some time back. I assure you the objection situation is unchanged.

NO ONE replied to deficiency letters, pre hearing date set for this weds. I don't know if that will go ahead. As it can be done as a conference call then my guess is it will.

I have been through every permit he listed. There are no viable suppliers for the amount Hal want.

The best evidence contradicting the objection points of Carlisle are in his own permit.

A summary of all permits and various relevant points have been supplied in a report.

I believe one depot has closed as Ames shows 'Charlie Creek; had closed.

As I can link his two permits to Bell View and Bainville, plus his intended JV with David Hardy, it makes one wonder what permit Charlie Creek is (on the Ames website).
My guess is it's the Iverson which was never a permit for Iverson and just a fraud.

I will tie that part down.

The good news is the IOF lawyer is highly experienced and obviously genuinely interested in the area. I doubt they have gone through the permits in the way I did.

[dcgray21] 12/1/2015 13:58

MebI'm personally fine with a delayed review - this I fully expect to fold into a more overarching strategic review that I believe we will see on conclusion of the water rights. That will open up strategic options that we are well aware of - what now looks like 3 months of consistent iodine production opens more plays as the business model now moves from 'development 'to rollout mode and left field plays like helium couldBe bubbling away . I'm sure we will be in a healthier share price position come end of this quarter.

[angel of the north] 12/1/2015 13:48

Regarding Heartwell lies....
Date : 22/12/2014 @ 07:00
Crystalline iodine production remains on track to meet year end forecasts of 325-350 MT in 2014 and the Company continues to implement operating procedures to improve efficiencies and reduce costs at the IOsorb(R) plants. With the recent dramatic drop in oil prices the Company expects to see new drilling in the USA to decline in 2015. However, the Company continues close discussions with operations partners and does not expect any reduction in operations of current oil and gas wells in the Company's operation areas which provide brine to the current IOsorb(R) plants. The Company does not expect any material impact of lowered oil prices to iodine production at existing plants.

The Company is also pleased to announce that the Japanese Patent Office (JPO) has officially issued the Patent to Iofina and we will continue to protect our IP moving forward. As previously described, this patent is a similar filing to the Company's US patent, which was issued last year, describing the extraction of iodine from a third party oil brine stream located at the brine water injection site.

The Company's Montana water permit (No. 40S 30066181) was under a public notice period through December 1(st) 2014. The Department of Natural Resources and Conservation ("DNRC") of the State of Montana has reviewed objections and determined, at this time, only a portion of one objection is valid. The other invalid objections points may be resubmitted to the DNRC during December for further consideration. The objection deemed valid may result in a contested case hearing before a DNRC Hearing Examiner whereby the objector must prove that the permit was preliminary granted in error. If necessary, the Company will vigorously defend the granting of the preliminary permit and feels that this objection has low risk to the Atlantis Water project, and therefore, the Company is continuing to move forward with this project.

Additionally, beginning on January 1, 2015, the Board intends to resume its previously agreed compensation to those members that were voluntarily suspended earlier this year.

Commenting on today's update, President and CEO Dr. Tom Becker stated: "I am pleased to report another productive month at Iofina, particularly with regards to iodine production, plant improvements and the Japanese patent. We look towards 2015 with optimism as we continue to work on our strategic review, budgeting and production plans for 2015 and beyond."

Just what sort of 'review' do people want?

[meb123] 12/1/2015 13:39

Dont get me wrong as I am heavily invested here ( perhaps more than I should ).

Its about managing shareholders expectations .They said early 2014 that there was going to be a fundamental review to be concluded by August. I am begiining to wonder if there had been a formal review at all . Was this another way of saying 'well actually building more plants will burn cash so lets stop for now and see how things go' lol
I know a bit simplistic but they could easily tell the market what is hapening in that area .

[superg1] 12/1/2015 13:08

Is there an oil discussion now?

Of course the US is the only country effected lol.

Some have hedging into 2016. But if you take a look at Iran and Venezuela then they are talking about reducing production to get the price up.

[che7win] 12/1/2015 12:32

Chill out,
The market will find its level for oil, even at this price our partners are continuing to drill.

They have hedges for oil for this year.

There has to be a pull back in production of oil as well as recovery on the demand side.

Despite all that, IOF brine will keep on being routed to our SWD sites as priority by the oil companies, we reduce their costs and that's what they need.

I have contacted a couple of directors over the past few weeks, brine supply should be better recently with less disruption over the winter months.

I would imagine our six plants are performing rather well lately and going forward, less brine disruption.

[stevo2011] 12/1/2015 11:55

One part of objection is valid and the last two statements have confirmed that they are on track with regards to EOY production.Stop lying

[heartwell] 12/1/2015 11:52

Water permit cancelled? With 3 objections they will be in court all year?
Production disappoints again ? When have the 6 plants delivered to expectations in the last 12 months ?

Management should come clean sooner rather than later. Or have 'friends' not finished offloading shares to mug shareholders yet ?

[neddo] 12/1/2015 11:46

eff off nutters

[jbe81] 12/1/2015 11:42

IMO opinion IOF is a cracking buy this morning, update could coincide with water news and 60p more likely than 20p Have bought some more.

[stevo2011] 12/1/2015 11:38

I know nearly 50k of sells today , it's frightening ? when heartwell avatar is brought out usually means good news is on the way ?

[heartwell] 12/1/2015 11:34

Delayed iodine production update. Delayed water update on objections. I suspect I know why.
Judging by Iodine's past performance, it's pointing to a really bad start to 2015 for shareholders

Selling has started. It's no wonder people are heading for the exit. Sub 20p coming

[freshvoicem] 12/1/2015 11:28

Agree with Meb, Missing STATED deadlines for information smells of the old board, not what I expected from Lance and Tom. Very disappointed.

[arlington chetwynd talbot] 12/1/2015 11:10

That depends on your POV I suppose...

[neddo] 12/1/2015 10:53

s/p not very encouraging ???

[meb123] 12/1/2015 09:09

I note QPP is up on a good RNS. Maybe there is a case for for IOF to keep the market much more engaged in a few critical areas. For example , I suspect lack of news on their review ( which was meant to be concluded last Autumn and we are now middle of winter! ) hasn't done the share price any favours .

[meb123] 12/1/2015 09:03

My advice would be , dont get killed in the rush :-)

[superg1] 12/1/2015 08:59

Thinking on timing of a water update. If the pre hearing date goes ahead then that is Weds this week.

I've read up on those. There is no need for attendance and they can be done via a conference call. The IOF lawyer is local so he may attend.

So if that is set to go ahead they may wait until after that to see what happens. As it's direct contact with the hearing examiner, IF Carlisle withdraws it could be a swift turn-around.

Such calls are to discuss the various points including evidential content and if there is a hearing, a suitable date for all. Carlisle has to disclose all his points pre any hearing, no surprises are allowed.