Iofina Share Discussion Threads

[nellyb] 25/6/2013 17:25

Baguette, thanks for your response.

[dcgray21] 25/6/2013 17:21

Are IOF presenting at the Conference over the next 2 days ?...if so , I wonder if any presentation decks may have been rewritten somewhat given Monday's events.

[skylite] 25/6/2013 16:57

My interpretation of the investors meeting was of a rather muted performance from Jeff, I certainly wouldn't have put it in down as gung ho. I thought he was rather vague about a lot of things and played down the non core stuff completely. The message I got was we're on track but we don't want to shout about it.

One can understand the reasoning but unfortunately for Iof it coincided with a bit of a mugging yesterday and a couple of less than inspiring RNSs. I believe they understand this and have changed tack regarding news feeds and whats going to be in them.

Should be an interesting and rewarding H2.

[neddo] 25/6/2013 16:57

anybody going to ok city , make sure you go to brick town

[yorkshiret] 25/6/2013 16:57

Apologies if this has already been discussed, but has anyone seen this guide?

hxxp://www.-.com/zak-mirs-sbms-top-10-aim-pick/

I have requested a copy but it hasn't arrived yet. I wondered if it had provided any of the triggers for yesterday's activity?

edit - lol, replace dash with spread bet magazine

[awolagain] 25/6/2013 16:56

Titus

would like to see your charts please if possible??

Thanks

Awol

[baguette] 25/6/2013 16:46

nellyb Yes I went to the Investors meeting but chose not to go to the AGM as I felt there would be nothing new other than a bit of disappointment. Jeff P held the stage at the PI meeting and whilst being honest about the past was a bit gung ho about the present and immediate future and even since then I feel that things have slowed a bit.

A couple of you have said I can be a bit negative but my argument is this, its easy to add up all the opportunities and get excited but because I have held positions of responsibility within multinational companies and have plenty of experience of dealing with the realities of complex business developments, projects and people management and working with definitive targets and goals,as a result I have learned to modify expectations to quite a degree. Its human nature to want to believe all the best especially if one has invested a disproportionate amount in a belief (as here).

There are only a couple of us who seem to question the excitement frothing around this share and thats why I do it. My hopes and aspirations are no less than yours and lets face it these BB's are really only a way of letting off steam but if every one of us is equally enthusiastic and gung ho there is no debate.

[warmsun] 25/6/2013 16:38

Oil & Gas Sector: Iofina up on participation in Mississippi Lime conference
25 June 2013 | 16:18pm
StockMarketWire.com - With very little news to stimulate the market, Iofina [LON:IOF] was one of the top risers after on the strength of its upcoming presentation at the Mississippi Lime: Production & Produced Water 2013 Conference.

The conference - which is being held in Oklahoma City tomorrow (26 June) and Thursday - gathers together the leading production professionals operating in the Mississippi Lime.

The list of speakers and participants includes many of the area's leading producers.

Iofina says the Mississippi Lime has been characterised as the 'New Bakken' with estimates that production can hit 500,000 barrels of oil equivalent per day mark by 2020.

This play is characterised by shallow, low-cost wells that deliver, making it a bargain in the North American shale scene.

[titus10] 25/6/2013 16:37

Apologies for rather belated thanks to dig and jamonit for tips about transferring charts (screen shots) into a blog, and to johnsimpson for responding to my cry for help with this irritating disability.

When I get time to fart around with new software I'll try to get something together, but I'm not good at IT fiddling so it may have to wait until I can get some kindergarden-level handholding.

Meanwhile jamonit, the TA picture as I see it today as far as investors are concerned simply confirms that yesterday's washout having overshot, as often happens in such circumstances, particularly with small cap/AIM stocks, it closed well within the main up-trend channel I keep referring to and today's oscillations on a 2-hour chart look bullish for the immediate future.

Basic Elliott Wave analysis says a normal 5-Wave bull move, such as we've seen since October 2011, now completed, is usually followed by a 3-wave correction (down/up/down - labelled ABC). So a further down wave may be on the cards, according to this convention. There's no sign of that at present and I'd favour the up-side for a while at least as the fundamentals repeatedly covered on this thread reassert and gain wider attention.

Indeed, unless there's a fundamental weakness in the 'story' or another 'Black Swan', the present consolidation may well be followed after some hesitation by the next primary 5-Wave bull move, the C Wave having merely moved sideways, assuming the company remains independent.

I added for the 13th time yesterday with that (and the T/O consideration) in mind. With IOF I'm entirely in shares (not SBs) and have yet to sell anything, despite being heavily overweight - and currently underwater, as a stupid latecomer!

[sandbag] 25/6/2013 16:35

Baguette,

I don't know any details regarding the move to OK from Texas, but I can suggest possibilities. Perhaps Planning Laws are different in different States and new paperwork had to be submitted and approved. Perhaps the Landman still had some loose legal ends to tie up. If it was the same construction company to do both jobs perhaps they had to complete in Texas before they could mobilise in OK.
With a few minutes idle speculation I could probably think of other possibilities but that is all they would be. Personally I couldn't really care what the reasons are as long as they are now moving along. What's past is past. Let's move on.

[nellyb] 25/6/2013 16:27

Baguette, as a matter of interest did you go to the agm or investors meeting?

[engelo] 25/6/2013 16:21

Baguette:

'It just feels that there is nobody out there doing anything apart from the BOD and not one of those is or wants to be full time.'

Don't think you have any evidence for this, but neither do I to argue against. Question of trust/confidence imo. We don't know the co structure but CF said that post Lance (who played a role in everything) specific people had been 'empowered' for major areas/tasks. That I would take to mean that a single non-Bod individual is responsible eg for getting I03 up and running, or executing the water project.

ONe thing that gives me confidence it that (given I02 fully operational bar higher brine feed) I03,4,5 and 6 will be more or less carbon copy implementations and the builds should be increasingly reliable, efficient and low risk.

I also buy the relocation of I03 to OK: a delay but I believe with massive compensation in return. Again a question of trusting their judgement (or not). The Mississippi Lime is imo where iOF will make its fortune, as SG has told us for months.

[worraps] 25/6/2013 16:07

BAGUETTE......I actually agree with alot of what you have said re 3734, particularly your last two paragraphs. Normally I find you are unnecessarily negative, but I agree, it does feel a bit like a rudderless ship at the moment, especially as CF says he doesn't want the job for very long.

The sequence of Lance announcements was a bit unfortunate, but brought about I think by the AGM's resolutions having to be passed, and Lance having decided his health wasn't up to continuing as CEO at the same time as the AGM. Just bad timing, nothing sinister I feel.

I am sure, as I said earlier, that Lance will be the first to want the new CEO as soon as possbible, but it has to be the right person, and his shoes are hard to fill. He has achieved incredible things in his tenure.

It is a very nervous time, but at the end of the day we have the technology that works, and a good enough team for now. But it is imperative that we continue the dynamism that Lance achieved, for the rollouts to continue at speed. We can only hope that a new CEO appears very soon, plus the water permit, plus the patent. Three things that will steady the ship, and we need them urgently.

[pigeon1] 25/6/2013 15:59

Thanks noli, spike, test, FC for that

Think you right in that skimming must be happening prior to disposal and that the recent higher levels were when this process broke down temporarily.

Dragonsteeth skimming is an additional thing done to salt water prior to going down the SWD well where the volumes of brine presumably make it worthwhile. It's different to the regular separation operation. I'm told by guys in the business that skim % can be up to 3 or 4. Seems high to me but it's certainly very valuable income to owner operators of independent SWD wells.

[baguette] 25/6/2013 15:55

SG There are only a couple of us doing logical questioning rather than restating the opportunities we already know about and hinting at "big" things" unknown (feels like ramping)- so I am going to restate a couple of things yet again and say that if you have a line in to the BOD please bear these in mind when contacting them. For investor confidence please get them to present a less woolly picture. Even todays RNS to me was too non specific just a general statement of whats out there.

1. There appears to be a vacuum below CF awaiting a CEO I have not heard of any name or position within the company which can be taken as being responsible for the plant roll out (is there a head of engineering or site development manager or anything ?). Jeff P at the PI's meeting gave the clear impression that there are teams of contractors moving from site to site laying bases constructing plants etc whereas at present it feels like a very much delayed io3 is still 3 months away with no definitive statement that leads me to believe that it will be on time, as the words used recently sound the same as those used before when delays have occurred. Today we have been reminded io4 will be 30 days after io3 and that the base for io3 is in construction - why so long to get started and I don't just buy the move to OK line as the reason. question is anything really happening to get this job done prior to a CEO arriving.

2. One is not supposed to comment on the Lance situation but why not - of course we do not wish to question the poor guys illness but something does not feel right and the announcement timings have been very odd. If he is now a consultant why not say that a minimum agreement of say a year has been put in place (yes of course subject to health conditions) - for all we know he could be upping sticks tomorrow on some basis. Everything is very vague. If he was well enough to attend and be active at the AGM why was nothing in place for his replacement earlier.

Go and look at the RNS and related stuff on Comms and see how David Breith is fitting teams and responsibilities together.

It just feels that there is nobody out there doing anything apart from the BOD and not one of those is or wants to be full time.

Thats the sort of thing that gives people confidence. I dont want to be invested in iodine technology I want to be invested in an organisation with structure and a team with firm goals utilising iodine technology.

[superg1] 25/6/2013 15:55

I see the comments on oil skimming. Typically fully working tech reduces it to .003% of the brine by the time it gets to an injection well.

It would only amount to a few mill a year off about 20 plants, but some money.

The 200 bpd of oil they got at io2 was due to the operator partner's skimming kit malfunctioning.

[croc8] 25/6/2013 15:51

Not sure you have completely done your homework Plasy, as the current share price is covered by the output of IO1 and IO2, not "jam tomorrow".

I agree that if you are not already invested, now might not be the time to jump on board unless you are fully convince of the CONTINUED growth and performance of the company.

Come back after the next few RNSs when you will have more concrete information on water permits, IO2 having full capacity brine feeds, IO3 coming online, IO4 coming on line, a new CEO and clarification on the ppm at IO2, IO3 and IO4.

You may have to pay a bit more than now, but at least you will have the proof you need. Personally I am confident this is all coming, as it was all discussed at the AGM last week and thats why I remain a holder.

GLA

[skylite] 25/6/2013 15:46

Try GKP Plas.

[engelo] 25/6/2013 15:40

croc8 (3724) Re Mississippi in Kansas too. Good description including participating oil cos on the NCT website:

hxxp://www.northcoteenergy.com/mississippi.aspx

[bogg1e] 25/6/2013 15:40

Thanks chaps! I have now compiled an akimbo of notes and calculations into a document - 12 pages! So thanks all for your help and input. Much appreciated.

[plasybryn] 25/6/2013 15:34

This share has too many pte investors! Too much noise and difficult to feel confident in the direction of the S.P.

Personally I think it is now worth waiting for the Co. to appoint a new "class" CEO and furthermore prove their ability to deliver hard numbers.

A great deal is being taken on trust. Those that are prepared to buy the jam tommorrow story given how potentially attractive it might be are perma bulls.

Those more conservative investors what them to prove their worth first.

[croc8] 25/6/2013 14:57

Yes Bobsworth. I imagine a fair few shares have moved about in the last 4 working days. It wont be a big surprise.