Iofina Share Discussion Threads

[bobbyshilling] 02/6/2015 11:44

Hi rhwillcoll,

Good to hear your view on the water permit as well, alongside the research you have done on this subject. I am fully loaded here, otherwise I would have bought a few more at yesterday's price. What a drawn out process this is though!
Will be interesting to see what the company's plans are (when hopefully) we get the permit. As has been said previously, there was more talk about Atlantis in this rns than has been heard before, so there might be a surprise awaiting regarding that whole side of the business.

Like everyone, I'll be glad to see things in black and white. GL :)

[sandbag] 02/6/2015 11:42

Camco Clean Energy:

Worth a look.

[superg1] 02/6/2015 11:40

Just an indication of shares being tight perhaps when a few have picked some up.

[nashwan123] 02/6/2015 11:35

Chz SG.
Are MMs making a small trap or do they expect an RNS? Perhaps we will see after 2pm.

[odvod] 02/6/2015 11:34

US east cost buying ? ;)

[odvod] 02/6/2015 11:33

thanks. agreed. no sense

[superg1] 02/6/2015 11:29

Od

To answer (I didn't know it had been). TW and co are in OBT, recently tips in papers and other places suggest a bid for 27p plus was being mooted for the home stores.

So £70 mill for something that cost them about £800k a few months back. I was just commenting on what a load of tosh that rumour must be, and pointing fingers as to where it may have come from. While I have an interest in OBT, such obvious BS isn't welcome imo.

[superg1] 02/6/2015 11:23

Nashwan

John Ames submitted a duff single LOI to try and take 100 AF into North Dakota to an identified service area where there is no drilling. The LOI was deemed insufficient for Montana use let alone the higher degree of evidence needed for out of state use.

It was dead before it got off the ground. However as posted and listed by someone, all aspects have to be covered in the final order regardless of the obvious flaw. Hence the final order for that was 40 pages long.

It took 70 days to be announced even though it was straight-forward, it was also heard before the IOF case so no doubt was going to be the first announced.

Timelines have no bearing on what the decision is, the process is just long and complicated.

[rogerbridge] 02/6/2015 10:31

Finger was on the buy button but have decided to wait. May have to pay a lot more but I have plenty.

[bobsworth] 02/6/2015 10:23

Yes getting too close to water news. Away now on business till next week and no time to watch this, hence my move. More to follow!

[freshvoicem] 02/6/2015 10:22

Is it the Montana dawn chorus? Mmmm

[che7win] 02/6/2015 10:19

Bob,
so you've just thrown a grenade over the wall, others hoping for a further fall now compelled to follow suit...

You might just have timed that to perfection, I guess we will see.

[bobsworth] 02/6/2015 10:15

Just topped up with 3 buys of 19,032, 17,245, 17,451 = 53,728.

[che7win] 02/6/2015 10:13

roundup,
it's the fleet of foot...the chart shows this is an entry point...

[roundup] 02/6/2015 10:10

Have we awakened--I wonder.

[odvod] 02/6/2015 09:55

o/t S1 - what did you write on the obr bb to be moderated?

[che7win] 02/6/2015 09:53

roundup,
agreed, but do you blame the market? The water application has been played around so much that's it's no wonder the market is so skeptical.

IOF has downplayed the application as non-core too (which is understandable for a number of reasons).

I can't help thinking, that those in the water board could easily play the market with IOF, so if IOF hasn't risen, it's either because:

1. the water application will not be successful
2. the recent results were below par and the market is subdued
3. the market doesn't understand the results enough
4. the market doesn't understand the significance of the water application.

Many reasons, I think the biggest is the market feels let down enough times here that it will not give the benefit of the doubt.

All in all, if we do now at this stage get a good water result, or an AGM that explains some of the above, there is an opportunity for those fleet of foot!

[gadolinium] 02/6/2015 09:52

There be three things which are too wonderful for me, yea, four which I know not:

The way of an eagle in the air; the way of a serpent upon a rock; the way of a ship in the midst of the sea; and the way of a man with a maid.

Nay, five which I know not: the way of the Montana Water Board with a water application!

[roundup] 02/6/2015 09:51

The law doesn't say it must wait to the last day before the decision is published.

[roundup] 02/6/2015 09:43

It is quite obvious that the market does not believe we will get a positive response this week. If we do, many will lose out, but that's the market for you.

[angel of the north] 02/6/2015 09:42

Because the Law says it must?

[nashwan123] 02/6/2015 09:31

Like many others on this BB I believe the water decision has taken to long. Those who believe this to be a rubber stamp exercise (as IOF meet the criteria)must be getting the jitters with what can only be described as a delay in awarding a permit. I understand an announcement will be made by 6th June but again if it is straightforward why take it to the wire?

[superg1] 02/6/2015 07:50

On the timelines that's covered too so you the reasoning for any requirement for added time to complete a final order has to be with good reason.

We'll soon know this week.

On the final order itself, it's so lengthy and complicated it seems like bureaucracy gone mad, but it is exactly that. Again the rules state it has to be comprehensive detailing the facts.

That theme tells you the decision is entirely based on law, not sentiment, so we should get the permit this week.

The laws also state something else too.

[cyberbub] 01/6/2015 21:36

Judicial review (in the UK, I see no reason it would be different in the USA) is normally only granted if there is prima facie evidence that a judge has got something blatantly wrong, or that the legal procedures in a case have not been properly followed... isn't that the case? If so then it seems unlikely that judicial review would be granted in our water case.Just my view NAI

[arlington chetwynd talbot] 01/6/2015 20:43

Did someone really post they were surprised this wasn't nearer to 40 pence? The logic to that is bafffling! Losses increased, costs mounting, raw material market pricing still grounded and expected to remain low for some time... savage price war. The only reason this isn't 20 pence is because there seems to be some bizarre thinking that water news is not only positive but is a meaningful business oportunity. All signs point to 20 pence I'm afraid, and even there it will be too high.