Iofina Share Discussion Threads

[bobsworth] 24/9/2013 07:29

Must be a stack load of news built up behind the release of interims tomorrow.

Fingers crossed they will release it all in one go.

[ansana] 24/9/2013 01:30

N3 calm down dear, calm down.

[che7win] 23/9/2013 21:22

Superg,
Plenty of upside, your post shows the potential.

I wonder if the winter months cools the brine by much?

[superg1] 23/9/2013 21:04

FML

from the poster

'Their share price has been absolutely hammered in the last 12 months...'

It keeps doing the rounds this one, so now we know what happened post the last ramps.


There is an easier version, just start at A and work through them. It certainly worked for that ATUK find. Must start on the B's soon.

[jonnyno1] 23/9/2013 20:56

Eric, don't take this the wrong way but foxtrot Oscar!

[n3tleylucas] 23/9/2013 19:55

I believe certain shorters had to close once it dropped from 250 to 150 ... hey, you can't blame them.

So 10% closed, and the share price is now up to ... 147? ffs Dorset that really boosted the share price LOL ...

[superg1] 23/9/2013 19:52

A recent Midstates update 11th Sept (io2 site)

Midstates has five rigs active in its Mississippian Lime horizontal program in Oklahoma. The Company spud 15 operated wells and placed a total of 11 operated wells into production since July 1, 2013. Drilling is completed on a total of 11 additional wells and they are scheduled to be placed on production in the next several weeks. Midstates now has a total of 98 producing wells in the play that have experienced an approximate average 30-day initial production rate of 583 Boe per day.



Looking at that the Miss play is said to have 9 to 1 ratios on brine and has the highest brine to oil ratio in the US.

98 producing wells now and 11 since 1st July added since 1 st July.

583 boe average meaning potentially 5k bpd of brine per well. That fits in with bits I have found before.

So since July 1st in theory 55k bpd of brine has appeared going to various SWds. IOF did say they were waiting for new brine post well completions, so it looks like there is plenty around, and more to come.

[escapetohome] 23/9/2013 19:46

I will be very happy if the share price stabilises around this level for the next 6 months.

Dont want to see the share price dropping on the good news that will most surely be conveyed at the presentation.

[dorset64] 23/9/2013 19:26

So Numpty Netley is now banging on a shares out on loan, but from his very own chart the figure at the end of August was circa 2.6m shares which in turn has now shown that some >300k shorts have been closed since.

Plus the fact that his own chart shows that the number of shares on loan are now fast approaching its lowest level since the middle of June!

People don't call you Numpty Netley for nothing!! but thanks for notifying this board that shorts are actually being closed now.

[n3tleylucas] 23/9/2013 19:16

Bear in mind a £6.7m t/o on expensive Chilean I leaves no margin. You get a loss.

That's if graham's not telling porkies.

I think he's been told what the numbers are ...

[superg1] 23/9/2013 18:33

Che

The last we knew before the brine level dropped at io2 was .8 to .9 mt per day at 18.7k bpd (io1 and 2 combined)

For io1 the last comment was 1 mt per week .14mt per day.

That gives a .71 to .76 rate for io2 at the time. That was given as an average and we know there was down time. On the reverse calculation that gives 275ppm (probably higher due to down time).

The extra brine to 30k bpd would add .44mt per day for io2, which adds 160mt which is more than io1.

So just that extra brine for io2 on the 275 ppm rate adds $8 mill at $50 per kg.

So tweaking up the amount of brine at io2 is material and not something that should be overlooked.

At 300ppm 40mt can be added so another $2m.

From the above they would be well on their way to half the 1200mt figure (largest US producer), with 4 large plants to follow.

With 2 others on 300ppm at 30k bpd that would mean just io2 and the other two, covering the 1200mt rate.

Over the next week we should learn some more re the other sites re bpd hopefully.

If io2 is up to speed in the coming weeks/months then that is over a $25 mill p.a. revenue rate before any of io3 to 6 start.

Considering io1 is the baby, then in theory a $75m p.a. revenue rate once io3 to 6 have joined in.

We'll get an indication of plants are on time. With potential pods, 6 more large plants planned next year and potential water revenue to come, it all looks very good.

There are some significant SWD sites in OK way over 50k bpd, it just all depends on what level of ppm some have.

[che7win] 23/9/2013 17:54

I don't expect too many suprises on the iodine production side in the results.

We already know the production figures:
IO1 and IO2 H1: 62.5 tonnes. So around $2.5m turnover.
Iodine recycling, 50 tonnes over the year, we don't know the split H1/H2.

I also don't expect the actual figures to give a clear picture - after all, IO2 has been running below power, which means opex costs will be artificially higher than otherwise would be the case if they had been running at 30k bpd. Also obscured by the extra recruitment ahead of the next plants.

The good news is that we know IO2 is producing more output than we expected factoring in the runtime and brine supply. Total ouput from #1 and #2 was running at around 800-900 kg with a peak of 1000 kg in the second quarter. We know that this is in excess of 300 MT which is 50% higher than previously thought, even though brine supply was less than 2/3rd capacity.

One more trading day before we find more details.

[n3tleylucas] 23/9/2013 17:47

You know what's happening? The mafia will now sell small tranches te get this lower, SCRUTABLE, be very careful, gap 102 is on ... your friends are going te roast you.

[n3tleylucas] 23/9/2013 17:42

Hey graham ... you guys not buying? lol

[superg1] 23/9/2013 17:18

Have again now Neddo I got bored, his previous patients have worn off on him.

[n3tleylucas] 23/9/2013 17:06

Substantial buys? The 95k is cancelled ... 17k is not substantial, but look at this!

[neddo] 23/9/2013 16:46

do you people still read them , I thought you had them filtered???

[roundup] 23/9/2013 16:44

Some substantial buys after closing. Wise, getting in before the push up tomorrow.

[joeywald] 23/9/2013 16:24

Ansana

"Clean behind your fridge". Careful or Nigel Farage will get involved :)

[n3tleylucas] 23/9/2013 16:19

Time flies by when you're the driver of a train ...

[ansana] 23/9/2013 16:08

Worried people usually keep very busy. N3 has been very busy on the board today. Anything to do with Wednesday? N3 you need to go and clean behind your fridge, you can make a start by clearing out the empties.