Iofina Share Discussion Threads

[alwilliamson] 13/9/2013 17:37

Though for more accurate figures check out the dates they notified on the FSA website, then look at the share price the day before.

[alwilliamson] 13/9/2013 17:35

Rick, they took it out in 3 or 4 parts. I believe the first part may have been over £2, the last part in the £1.40's. They'll be well up at the moment but to lock in profits they have to buy them back. Something like 1,500,000 shares to buy, whilst others will want to be buying too. IMO they can't wait too long before locking in some profit, as it could move against them quite quickly.

[rickcanning] 13/9/2013 17:14

SG,

Any idea what price Ennis took the shorts at?

[superg1] 13/9/2013 16:47

Fresh

It seems you are talking an insti. They are not the only potential sizeable buyers and we'll see how things go up to the results.

I just think logically re the potential, not games and misinformation pushed around by others in the arena of the AIM.

When a company isn't making money and has no potential then how can it attract investment.

So the whole point of investment in prospects, is with a prior view that it is undervalued based on the future, some shares seem to be representing profit levels way down the line, and have no clear path to profits at all, but the investors pile in on the potential.

145 represents about £12m profit on 15 PE, £7.6m on a 25 PE.

Some shares in profit have gone up to high MC's and 300/400 PE's at this time.

To attain a 300 PE rating at the point IOF turn to profit, it would need to be just £615k profit.

We know io1 looks set to be around an 80-100mt unit.

More recently they expect io2 to get back to production levels in Q3 on previous highs (io1 and 2 .85mt combined).

At that rate as a stand still and opex quoted on a $50 per kg price, .85 mt per day means over £500k profit per month.

But then I know io2 was only on 62% of th 30k bod brine and they anticipated more would be on line.

Then I know they expect to have io3 to 6 running by the year end. If I paired those up on .85 per pair, I now have over £1.5m profit per month before tax etc.

But I'm also aware that .85mt per month is well within the actual potential, then we have the 6 plants next year and all the pods/hydrosorb as and when iof roll those out.

But at .85 mt per months in those pairs, it's a rate of £18m p.a just for half speed plants.

If I go back to my posts many moons ago, you will see claims of 300ppm at io2, that was easy as the college took the sample.

IOF state they have sites of 450 plus. 30k bpd at 300ppm comes out at 469mt.

So back to good old io2 on it's own.

A 400mt plus plant maybe 450 plus.

400mt using the upper $15 they quote at $50 per kg prices. That's over $1m per month profit from io2.

Io2 won't be the only plant of decent ppm and iof talk of being at a production rate of over 1200mt within the next 4 months.

Using the above an annual rate of $42m profit from those 6 plants. So why on earth would Ennismore stay in for the long term with 6 more plants to come and pods to come.

Then we have the water permit/s and the revenue they WILL generate, predicted to be next year. So all Ennis is imo, is a buyer waiting to purchase around 1.5 mill shares, at a time when others will be doing the same.

Normally I would say assuming delivery, on the points above, but for once I don't think I need to assume anything, and anticipate that we will get confirmation of various achievements.

Doing a bit of research is available to all, and it does bring rewards.

[rhwillcol] 13/9/2013 16:46

Nice to see that continual avalanche of unrelenting AT trades for much of today, combined with fairly high volume. Some buying in earnest has begun, by the looks of it.

[alwilliamson] 13/9/2013 16:43

Engelo -look at Direct Market AccessIt is possible to use this as a PI. Not that I ever have though... :-)

[engelo] 13/9/2013 16:40

freshvoice: I'm waiting for some action starting Monday and until further notice :-))

[engelo] 13/9/2013 16:37

Out of interest can PIs get into the post 4.30 action, using orders or otherwise?

[sandbag] 13/9/2013 16:19

Freshvoice,

Give us a clue - when WHO is buying?

[angel of the north] 13/9/2013 16:08

Yes, I agree....and if it doesn't do its traditional 'dip' at close then.....you know it's coming!

[freshvoice] 13/9/2013 16:06

They will not be able to hold it down once the shorters see 'who' is buying.
I am waiting for a holdings RNS after the interims!

[pcjoe] 13/9/2013 16:02

Loooking at the recent share price action - Coiled spring comes to mind.....

[escapetohome] 13/9/2013 11:10

Great story scrut - wrong country for me.

[scrutable] 13/9/2013 10:45

GDL - for those looking to balance IOF holdings with other positions.

those who have been persuaded by sg's recent negative posts here will have missed out yesterday on the 11% incipient recovery from this year's low of 12.25p to 13.9p as we speak after touching 15p yesterday, which we will almost certainly revisit as volume now returns after the Summer holiday low. The share price of GDL is making up lost ground faster than IOF, which is still suffering from heavy Bear attacks. Both companies expect results in under a fortnight. Both expect an RNS signalling a sharp increase in current production, and a even sharper increase in share price

GDL drilled 50 wells for its single client Dragon Green Gas in 2011, then 90 wells in 2012. In 2013, to wean itself from DGG (its parent) it set out to develop business from two Chinese super majors CNPC and Sinopec. It agreed to carry out 21 test wells for four of their multi billion subsidiaries in six key variants: vertical, directional, horizontal, LiFaBrIC, vertical shale, and horizontal shale. At the last count 8 had been successfully completed, 4 were in progress (also probably now completed) with 9 to go.

They already have 79 wells under firm contract, a further 113 certain and 80 probables to negotiate for, so the expansion in the current period is running at more than 200%, with the growth accelerating next year.

The share price has been under pressure in H1 whilst the Chinese mega business was still under development, and the parent company business was halved during a legal dispute wit a US competitor, since resolved in GDL's favour. This has halved the share price and provided a marvelous entry point for latecomers.

As icing on the cake GDL have been in talks with Canadian OIL services major Dart Petroleum on UK shale drilling without using fracking chemicals

[freshvoice] 13/9/2013 10:41

Another 28k picked up late yesterday at under 150p.

He is collecting them carefully, look for more after hours reported buys today and next week. He has a big trolley to fill. ;-)

Must be careful not to push the price up before e results.

[kcowe] 13/9/2013 10:00

ple up again superg1 lol

[worraps] 13/9/2013 08:25

superg......received and understood if you know what I mean.

[superg1] 13/9/2013 06:44

Good call I suspect Ennis will completely rethink their position in the next few weeks.
They will have too. :-)

Edit

I didn't post that purely as a bit of fun, If IOF report how we anticipate they will, Ennis holding their position long term, would be complete madness..

[freshvoice] 12/9/2013 23:45

So if I want to buy 1% of the company after a good update, how much am I going to have to pay. Could be more than 75p. LOL! ;-)

[engelo] 12/9/2013 23:13

One more thing: there's the adjustment in Ennis' short position to look forward to.....

edit 1.29% I think someone posted.

[worraps] 12/9/2013 22:06

Thanks, superg....hope so.

[worraps] 12/9/2013 22:05

Bring it on!!

[superg1] 12/9/2013 22:04

Worraps

Note the occasional posters that appear from time to time, they know what they are talking about.