Iofina Share Discussion Threads

[superg1] 04/7/2013 16:43

bad day to play more golf

Boggle

I wouldn't bother using ppm of 150 for anything that is going into OK. 300 believe it or not would be conservative.

When you work that out it gives you 420mt plants with 10% down time at 90% yields.

The 1000 plus site is a 3k/4k site for a pod. The hyper site is well over 2000ppm but low bpp.

A pod on just 3k bpd @ 1000ppm gives around 140mt.

Ignore what Dr fay said about ppm, it's a load of bull for intial roll out.

You only had to reverse calculate io2 production rates to know it was BS.

IOF quote sites of 450mt plus. That means 300ppm plus. But they also state some locations will be higher due to abnormally high ppm.

Iochem are on 300 to 400ppm. Woodford are on 1200ppm but low bpd.

The radar bit is all about hiding what they have found, you'll see.

[ansana] 04/7/2013 16:20

13,000 @ 180.25 that'll be ansana getting mobilised :-) Hi Engelo, dipped a couple of toes in so more toes to go, I got a better price than that :-)

[1madmarky] 04/7/2013 15:38

IG closed for longs again

[spike_1] 04/7/2013 15:08

I asked Jeff at the Investors meeting about interest from oilers, and he was sure they would not be interested, apparently it's too small a business in comparison to oil.

Re take-over, Dr Fay during my 1 to 1 at the AGM, twice said he was surprised they had no already been contacted in that regard.

Best wishes - Mike

[bogg1e] 04/7/2013 14:34

Fta controller, got it! Cheers, i will be interested in your thoughts.

[moormoney] 04/7/2013 14:31

Titus I hold WAS, thanks for the o/t.

[baguette] 04/7/2013 14:25

Bobbys.. exactly the line of reasoning that I have recently arrived at. A major Oiler could easily generate a whole new business line and rapidly become a World class player and all in and around their existing "area" of expertise. I am not looking for or wanting such a move in the next 18 months or so but it certainly makes sense. It seems to me that although some of the existing Chilean players get mentioned as lokely take out merchants, there is a big difference between investing tens of millions to upgrade facilities, built seawater lines etc and making an acquisitional offer which at,lets say for the sake of a number even as low as £4-£5, needs an investment of £1/2 billion or more.

[the fat controller] 04/7/2013 14:24

Bogg1e,
I think we have a number of US suppliers tendering for the work in FRP units.
I would like to see your workings please. see how they compare with mine!
xxxxxxxxxxx
Let me know when you've seen this, and i'll remove my address.
Cheers TFC

[bogg1e] 04/7/2013 13:43

Can 50k bpd tanks be retrofitted to 30k bpd plants?

Also, do IOF have 1 US based supplier of FRP plant equipment or two, alongside the existing titanium plant manufacturer in the Ukraine? Tia

[bogg1e] 04/7/2013 13:42

Fat controller, indeed, i shall pass it to friends and family first, then i shall send it to anyone who gives me their email address. First i still have to iron out the document - i finished the calculations, just got to get the info ordered correctly. I started it a month ago!

[bobbyshilling] 04/7/2013 13:41

Re: take over. Whilst most are thinking that a buy out, if it comes, will be by another iodine company, I would speculate that it would make sense to me if one of the oil companies that we have numerous contracts with might make an offer, not least because they would have a very lucrative iodine business using their own waste water, and importantly access to the Atlantis Aquafier, for their own water use or as a bargaining chip in the same way that IOF could use it regarding the rights swap. Add in 200,000 acres of Bakkan shale for good measure as well. Just a thought.

[the fat controller] 04/7/2013 13:00

Bogg1e,
Are you going to share your calculations, when complete?
Its the best time for me, as newbies really discover the potential of IOF!
TIA TFC

[pcjoe] 04/7/2013 12:41

Testuser your post 4644 - Interesting chat you had with Lance there - It looks like the old redundant Mississippi Lime O&G wells are already in IOFs sights - They dont miss much........

EDIT

Cheers Bogg1 - Just think you might be out baggueting Bagguete with that P/E of yours!

[bogg1e] 04/7/2013 12:35

pc joe cheers, i have 10% for downtime or about 6 weeks including reduced capacity. I have decided to go for a p/e of 10, that way any reduction in output shouldnt have a material downside on the forward projections. Thanks for the thought

[che7win] 04/7/2013 12:25

O/T
I've also been picking up TPL for similar reasons, both very cheap to me.

[che7win] 04/7/2013 12:04

As I have said consistently these past couple of weeks, these should never have fallen below £2, I picked up 9000 in the carnage.

I won't be happy until we are above £2 again.

[titus10] 04/7/2013 12:03

O/thread, but for anyone interested in other things to do with geologically-tapped brine, WAS has given me a (technical) buy signal, coinciding with 4 Directors buying quite substantially after a long downtrend.

Their website www.wasabienergy.com has a neat video which may be worth a look.

[engelo] 04/7/2013 12:01

13,000 @ 180.25 that'll be ansana getting mobilised :-)

[pcjoe] 04/7/2013 12:00

Bogg1 - If i was you I would start from an extremely conservative starting point of average 150ppm over all sites with all plant working at either 75% or 85% capacity - up this at 50PPM stages to 300PPm - Apply a reasonable growth stock P/E of 20 - & use a bottom figure of £15 & a top figure of £20 for your P/E calculation (net of tax, Chem valued added & all costs taken off)

Very much in the "Bagguette" school of caution when it comes down to projected figures

Any large upside ( very possible ) to the above just a massive bonus & I will be very pleased to remove my "foot anchors" when proven

You will find that a few of us have been playing with these calcs for a while now - just waiting for the real thing to unfold over the nxt 18 months - Dont think the share price will come out too badly over this roll out period if you use these figures - Though you can likely expect a wide range of different opinions



NOT INCLUDING the Oil, Water, Gas, Helium, Water disposal/treatment etc, etc, etc,...

[roger melly] 04/7/2013 11:46

No Sh@t Sherlock! :P

[someuwin] 04/7/2013 11:35

Seems to be moving up.

[warmsun] 04/7/2013 10:53

engelo..... lol !!!

[writz] 04/7/2013 10:48

Thanks, dg.

[bogg1e] 04/7/2013 10:43

already done it for io3 as an aside from the main calculations! If you want to avoid a number induced heart attack, do not do due diligence on QFI, looking at revenues with 12 numbers in the calculation raises the heart beat somwehat!