Iofina Share Discussion Threads

[superg1] 28/2/2015 08:12

Did I mention the company that has been looking at the issue seriously, here is a comment they made in a report.

It's Halliburton and maybe they know someone who can remove the iodide.


Under the federal Safe Drinking Water Act, the US
Environmental Protection Agency classifies TDS as a
secondary maximum contaminant level (sMCL), meaning
that there is a recommended maximum level of 500 mg/L,
but no requirement that public water systems meet this
level. However, states may enforce their own secondary
standards. TDS is not expected to harm human health at the
sMCL, but elevated TDS levels may damage water treatment
equipment or reduce the effectiveness of treatment for other
contaminants. TDS becomes toxic to aquatic life at certain
levels by increasing the salinity in freshwater systems and
changing the composition of the water.

[superg1] 28/2/2015 08:02

Mister Bigger

Is that your AIM mascot in development.

Gold and shiny on the outside, soft and sewer/y on the inside.

[superg1] 28/2/2015 07:52

Serratia

They only have something like 7 or 8 SWDs in the state due to the geology. Much of the produced water is recycled to use for fracking and the vast majority is then treated and discharged into the surface water system. Those that has to go down wells above the SWD capability are taken into another state, which is a high cost.

The report has identified iodide and ammonium as a problem.

When dissolved in water, ammonium can convert into ammonia, which is highly toxic to aquatic life. The scientists detected ammonium levels of up to 100 milligrams per liter in oil and gas effluents they collected at the wastewater discharge sites. Those levels are more than 50 times higher than the EPA water-quality threshold for protecting freshwater organisms.
Elevated iodide in surface water can promote the formation of highly toxic byproducts in drinking water when the iodide mixes with the chlorine used to disinfect the water at municipal treatment plants located downstream from oil and gas operations. Such disinfection byproducts are not monitored by state or federal agencies.

Zendo as you can see no mention of those two, the risk is created by the mix of iodide with chlorinated water.

The issue for the state is if they clamp down on the surface water discharging method, as disposal costs will rocket. Unless of course they can remove the iodide and ammonium first. Although ammonium itself isn't toxic, but it is when it converts to ammonia.

[mister bigger] 27/2/2015 23:19

Fest- sorry, been busy gold plating my armadillo.

[gadolinium] 27/2/2015 23:09

Super,
Re: Pennsylvania water contamination, the original scientific paper on which the article is based was in Environmental Science & Technology (link below).



In an earlier paper (link below) the chemistry of the formation of disinfection byproducts during water treatment of water supplies containing shale gas wastewater is discussed. These products include the known carcinogen, N-nitrosodimethylamine formation of which is enhanced in the presence of 54 ppm iodine.



The full text of these papers is not available without subscription, but I have checked the online catalogue of my local university library and find that they have the journal available online and I should be able to get access to this. Rather than comment further on the abstracts alone I would prefer to read the full papers first. I should be able to do that later next week (probably Wednesday). I will post again when I have read the full papers.

[serratia] 27/2/2015 21:25

Water disposal costs in pen - $2.50 / BL.

[zendo102] 27/2/2015 20:34

From the abstract to the article, iodide concentrations are up to 56ppm in the Pennsylvania produced water. There are also bromides and chlorides in the water - can Iofina readily remove them as well?

[superg1] 27/2/2015 19:08

That link again



It means nothing unless you know Pennsylvania and the problems with injection wells. Much of their water gets shipped into another state to go down wells and it costs a lot of money to do that. Their geology prevents many SWDs.

So the cheap option would seem to be to find someone that can remove the iodate too.

[woodpeckers] 27/2/2015 19:06

So can I assume that at 30p you are a buyer?

[woodpeckers] 27/2/2015 19:04

"I haven't had time to look up the Pennsylvania details today" ! What have you been doing all day SG??? No excuses now!

[arlington chetwynd talbot] 27/2/2015 19:04

I will assume you sold at 40 when I advised you? Good, you will shortly be able to buy them back around 30 soon.

[superg1] 27/2/2015 19:00

I didn't get to see it for the reason you state, but just prior it seemed to tighten up late afternoon with some on the bid.

I'm not sure if others have watch lists, but I watch about 50 AIM companies. The story is more or less the same across the market, no matter what the prospects. Anything on big MCs has been and will continue to get hit imo.

Anything that does start to perform news and revenue wise should catch attention whereas in 2013 everything was of interest to the market.

One share with a £40 mill MC has one product with nothing else planned, it's a proven failure product in terms of consumer interest and imo will end up bust. There are some nutty looking companies out there.

I haven't had time to look up the Pennsylvania details today, but it's sounds highly lucrative for a company in IOF's position. I will do some work on it over the weekend. Thankfully the market won't get it so we have plenty of time to digest what potentially could be huge. It depends on how much water the state needs treated.

[woodpeckers] 27/2/2015 18:59

Do you know, I've seen some charts but that has to be one of the 'best' I've ever seen! Crumbs with so much stacking up against us I'm selling first thing Monday! Thanks for the warning ACT, where would we be without you?

[arlington chetwynd talbot] 27/2/2015 18:40

free stock charts from uk.advfn.com


As I predicted a couple of weeks ago the rally had run out of steam and talk of 60 was nonsense. Now we'll see this fall further to test the rising support and a possible bounce to fill one or both gaps. There are still supports not too far below the ascending before things get worrying. aimho, dyor.

[awolagain] 27/2/2015 17:43

SG

I know you have family things to deal with ;-) could you tell us what your view of the closing auction looked like tonight would be great...

Thanks

Awol

[woodpeckers] 27/2/2015 17:31

I only trade very liquid shares as the spread is too large on most illiquid ones. Also can be hard to suddenly offload.

Thinking of trying to trade Booker (BOK). I've always had an investment there as I think it's a good solid company with excellent management so I wouldn't worry if a trade didn't work out and I was left holding them longer than intended. Their shares used to hardly move more than .5% up or down in a day but I've noticed more recently, today was a good example, that the difference between top and bottom in the day can be up to 5% so worth a flutter.

Good luck with FUM SG.

[superg1] 27/2/2015 17:03

Have you stuck your 3% holdings notification in?

Fair question it's a £3 mill MC so you have to own a fair wedge of them.

[escapetohome] 27/2/2015 16:59

Tern ( my SPECULATIVE tip) winning hands down over IOF - no contest

[festario] 27/2/2015 14:38

We haven't heard from Mr Big for a long while.
Nor have we heard from Mr Bigger, or Mr Market!

[octopus100] 27/2/2015 14:34

Sure the bigger position they build the more the price falls. What a load of twaddle.

[superg1] 27/2/2015 11:47

Or when folks buy as we near the water permit final episode. I do hope the herd punters stay away this time.

To all herd punters. The actual outcome is most likely weeks away, but IOF may update us post the 6th to say how they think it went etc and potential timelines for a result. I think it's 99% in our favour but you do your own research.

Looking at other new finds, including IT, I don't think a water type JV relies on anything to do with that permit any more. It's just part of it.

It was a matter in play way back with the same interested parties.

[sandbag] 27/2/2015 11:40

Is it possible the MMs are buying stock cheap ready to sell it dear when the water permit is announced?

[superg1] 27/2/2015 11:29

The comments about exceptional year and being world number one now have some backbone to them. The Pennsylvania story which is the same in other areas looks like a very lucrative business, add in the 'IT', and it's far beyond where I thought IOF could go.

[octopus100] 27/2/2015 11:19

MMs. Buyers.... At the end of the date if the price has fallen its because there are more sellers than buyers and if the price has risen then there are more buyers than sellers - games aside.

[rhwillcoll] 27/2/2015 10:45

awol: yes, I agree with you. It does appear that they are building a significant position for a customer. I think you are correct.