Iofina Share Discussion Threads

[superg1] 02/7/2013 11:11

Fresh

I took the 50k to be a rollover.

[freshvoice] 02/7/2013 10:54

What is the meaning of B in the C column on the trading data?
I know a B in the earlier col is a broker to broker trade but we have a number of 50k trades today as above?

[bogg1e] 02/7/2013 10:38

engelo, cheers. Indeed better calculations are required. I finally have all of the data i need, document mostly written (12 pages), i've saved the best bit til last, calculating a range of profits for every revenue stream IOF have and for intended revenue streams etc. Kerching!

I shall also post them, my calculations are somewhat rigorous, conservative and fair. The thing is as sg1 pointed out, we need to the company to stop playing below the radar games and come clean about their figures. So instead of stating the bpd, ppms and output then expect everyone to calculate the value, why dont we put the gross dollar value in, (incl divide it by the number of shares in issue, remove 35% for tax, and state the value per share or EPS) That way newbies can see in plain figures the potential value of the company. Then we may not see such drastic sell offs in the future. Anyway that's what i shall be doing today or tomorrow when the calculations are done.

[bobsworth] 02/7/2013 10:30

Thanks Sg. In light of your assessment this looks likely to be our next operational news update on completion.

[superg1] 02/7/2013 10:19

Bob

27 rigs around io2 with 2 weeks per drilled well. Every well will be at a different stage.

Some wells chuck out beyond 5k bpd of brine so it theory it doesn't take many wells to get to 30k pbd.

Wells generally have a flow back period for most of the injected water over 7 to 10 days. Then obviously you get the produced water which has the iodine in it.

Jeff was talking about the same rigs back in May, so clearly some wells will be in the produced water window now.

So the answer imo is not long. Forcing me to guesstimate, I can't see it being longer than a few weeks based on the way wells are completed and time frames for flowback etc. .

The Miss play is shallow, so completions are far quicker than the Bakken

[bobsworth] 02/7/2013 09:39

superg1
What sort of timescales would you put on re io2 with extra brine?

[superg1] 02/7/2013 09:34

remp

I have no doubt at all that funds are buying, but they won't chase the price if supplies are tight. They let PI's do that, which then creates an exit point for some, and a steady supply for funds to pick off.

Juts a steady ship would be good, while IOF get things into gear re io2 with extra brine and io3 and 4 on the way.

That excludes any other aspects of the business.

[warmsun] 02/7/2013 09:20

Yes, i noticed the 25k first thing this morning....interesting!

[warmsun] 02/7/2013 09:15

retiree, have you noticed that a 10k keeps getting placed on the Bid (or just below the Bid)...someone wanting shares quietly?

[remp31] 02/7/2013 09:10

Lets see where we are by the end of the week higher than 2 day I bet.

[investmentguru] 02/7/2013 09:06

That Iochem website is one of the most amateurish I've ever seen.

[uppompeii] 02/7/2013 09:04

remp31 - you were right for about 30 mins...

[superg1] 02/7/2013 09:00

remp

Like the 250 break wishes, it's best to get steady churn points and backed up by news.

I have been thinking about it in a more simplistic view on plants.

If one is 400 or 500mt capabilty and it seems they are, then that is $24m to $30m revenue from one plant.

Prices could drop but demand is high. $45 per kg is the baseline to me as at that point some Chile mines would be loss making, with the odd one held together by sticky tape already. Those smaller mines are chasing a boom price, but the capex and opex is high, so they imo will disappear over the next 1 to 2 years.
They had pushed on thinking Chile was the only place left to add to the market, hence there was little risk. I think it's starting to dawn on some that there is a serious threat out there.
One lot are aware, and others will catch up.

The tech works, the bpd and ppm seems to be in the area, now they just need to demonstrate at least one plant up to speed on 30k bpd.

I have no doubt assuming delivery of plants on decent ppm then things will re-rate at some point.

So we wait for updates re io2 new brine and up to 30k bpd etc as and when that happens.

[nevmyers] 02/7/2013 08:35

Retiree


Thanks for the level 2 screenshots you post, who is it you are using please

[remp31] 02/7/2013 08:33

Coming weeks and months is very near term I say fill yer boots this is as cheap as it gets!

[superg1] 02/7/2013 08:27

Steady as she goes. No need to get over-excited just yet, the true picture re iof will show itself over the coming weeks and months.

[che7win] 02/7/2013 08:21

Agreed retiree,
it looks like ex-holders/potential shareholders see the direction is up from here.

[captain_kurt] 02/7/2013 08:09

Very little on offer again. 200p gap to fill :@)

[superg1] 02/7/2013 07:43

Mad

I hear they have sussed the mystery of why some area's are so high. OK had been an iodine hotspot for decades.

I think Iochem are around 100 miles south of io2 and they were on ppm of 300 to 400.

So there is a hot sector. If you recall they said it was a bit of a mystery as to why one location would throw out very high ppm and some average.

Checking out the geology is the key. So now IOF it seems have identified the cause of the hot area's.
I suppose with 1000's of samples and then checking that against the geology, they worked it out.

Hence the intent to roll out plants rapidly in core area's