Iofina Share Discussion Threads

[n3tleylucas] 24/9/2013 16:01

You hold yer nerve tomorrow digs.

[diggulden] 24/9/2013 15:53

First lot of presentations all over Europe as well I think, so the PR bandwagon will be in full swing over the next couple of weeks.

[noli] 24/9/2013 15:47

As stated, these guys are doing presentations, so they must have a very good story to tell. If it was rubbish then they would not go to such lengths.

[worraps] 24/9/2013 15:25

Eloquently put, ck!

[captain_kurt] 24/9/2013 15:21

If Iofina are executing their business plan. There will be blood on the floor.
Death by a thousand short cuts in the coming months.

[testuser123] 24/9/2013 14:45

Hi All,

For info I've just checked the short chart thingy and it's showing a sizeable drop in open short positions (roughly 250k) from yesterday. Total on loan now circa 2.2m shares from a high of about 2.7m. It's almost as if they're getting worried about tomorrow :)

[king_roster_iii] 24/9/2013 14:42

Suddenly strong buying and we know the IOF team are already here. Perhaps some drips of positive information.

[angel of the north] 24/9/2013 13:02

I'd be very keen to know if Edinburgh is on the list - easier for me to get to and it's been a while since I did the fantastic pubs in back Queens Street and had a Haggis breakfast. Make a nice break for the wife too......

Fair fa' your honest, sonsie face
Great chieftain o' the puddin-race!
Aboon them a' ye tak your place
Painch, tripe, or thairm:
Weel are ye wordy of a grace
As lang's my arm.

[writz] 24/9/2013 12:55

Well I emailed the company, so they'll either give me some information or conclude their shareholders are hallucinating.

[crazycoops] 24/9/2013 12:52

Writz, you could always contact the company or NOMAD about Edinburgh to see if it is open to PIs. I had a quick look through my emails but couldn't find any further details (it is always possible that I imagined it).

[writz] 24/9/2013 12:43

OK, thanks.

[crazycoops] 24/9/2013 12:42

I read it elsewhere - didn't follow up on the details as I'm going to the London one. It might be II rather than PI.

[writz] 24/9/2013 12:40

crazycoops, what is the source of your information about a presentation in Edinburgh?

[n3tleylucas] 24/9/2013 12:40

"We should see good year-on-year revenue growth in tomorrow's results announcement."

You had a bad h1 last year, look back 2 yrs fella, then see the growth.

It'll be around 12% over 2 years! Lackluster.

[crazycoops] 24/9/2013 12:24

It is interesting to reflect on why the share price dropped from its peak to current levels:

- CEO resigned on health grounds
- IO2 was slow to come up to full operational speed (lack of brine input)
- IO3 and IO4 were delayed (due to alternative sites being selected) and in turn, this created concerns over the whole roll out schedule
- Water application slower than expected

The above were compounded by a poorly worded RNS on AGM day followed by a shorting attack.

So what has changed?

- We now have a new CEO who seems to have been selected for his ability to deliver the roll out of the business plan.

- IO2 now has higher levels of brine input. This should be confirmed in tomorrow's results announcement.

- IO3 has now been built. We should get explicit confirmation (maybe with a production update) in tomorrow's results announcement.

- We should also get an update on the build progress of IO4-6.

- Water application seems to be progressing but slower than most of us expected. However, none of the broker notes have factored water into their valuation models, so if/when water rights are approved, it should create extra value.

What else?

- We should see good year-on-year revenue growth in tomorrow's results announcement.

- We might get additional insights regarding the progress at Iofina Chemicals, progress on recycling, the prill tower, customer demand etc.

- And then investors (PIs and IIs) will get to meet the new CEO/CFO at the presentations in London, Leeds, Edinburgh and Europe.

- It seems there is a rather large short that might need to close if the price starts to rise.

Reflecting on the above, I think we are about to see a re-rating over the next couple of weeks. Most importantly, the company needs to restore investor confidence and then market sentiment should start to be reflected in buying activity.

Anything else?

If we were to get further down the wish list, we might get a deal on our oil and helium assets - Weil are looking like potential partners - but let's see what tomorrow brings first. I think there are plenty of buyers in the wings waiting for confirmation that the company is back on track.

[superg1] 24/9/2013 12:13

Bog

Leases cover all the minerals underneath, except in the case of iodine as we know which requires further brine leases with landowners.

So IF anything was under IOF re the Nisku then IOF have the rights to it.

The Weil 1 well is on leased land covered by Brainstorm energy. The company that drilled it is GS producing which is the initials of the founder of Brainstorm G Standiford.

The Brainstorm acreage appears to be surrounded by a number of IOF leases.

Hence the helium comments by IOF. The Weil 1 was all about helium but Weil stumbled across potential oil in the Nisku. The fact that Weil are drilling another Nisku well way east, suggests they must think there is a chance of success. They haven't drilled oil wells anywhere else in Montana, and if in Roosevelt, why not target the Bakken or 3 forks ???

Something to keep an eye on, which were are doing of course.

[bogg1e] 24/9/2013 11:54

sg, how would it work for IOF? If land rights extend beneath the land, and the nisku is fractured, does this mean that geologists would estimate the value of retrievable oil/gas in a particular strata beneath IOFs land and then pay IOF a percentage of that retrieved volume? Tia. (I assume because its fractured/porous weil need not have to build a well on IOFs land in order to access the resources beneath it.)

[n3tleylucas] 24/9/2013 11:52

"I think the presentations will be VERY successful"

The last ones went down well.

[superg1] 24/9/2013 11:48

I do love the vote downs.

What's that, 'no we don't want another potential oil play everywhere under IOF acreage'.

Sorry chaps that's what the paper report says they are targeting, and the previous well they drilled on IOF's west edge shows they had oil shows in the Nisku as in the previous posts.

Just plain old facts and a paper report that only came out in the last 24 hours.

[superg1] 24/9/2013 11:34

Just out





In Roosevelt County's East Tule Field, Weil Oil, LLC has been approved to drill the Weil-Bridges 2, located at SE NE 15-30N-48E (1947 FNL/325 FEL). The well targets the Nisku Formation at a proposed depth of 7,600 feet. According to the Board of Oil and Gas Conservation database, this is the first oil well for the firm, which is based in Richmond, Virginia. Parent company Weil Group Resources, LLC, however, is no stranger to Montana. Subsidiary Weil Helium, LLC's initial project is the production of helium from a 6,500 acre project near Rudyard, Montana. According to the company, the area has strong helium flows from a reservoir that exceeds 2,000,000,000 cubic feet. Helium is produced when natural gas is refined. In 2012, a press release posted on Senator Jon Tester's website referred to Weil Helium's Rudyard operation when announcing the Senator's support for the extraction and sale of helium in the Treasure State.


What the O and G sector don't know is that Weil had oil shows in the Nisku in the Weil 1 well, and talked of it opening up the entire area.

It runs all the way under IOF and Weil have gone a long way East to test it in another well.

Their first Oil well, says it all really that they excited about the Nisku potential.

What Weil said re the Weil well-:

The Nisku "pay" zone in the Weil #1 well is worthy of intense focus. If this zone tested productive, it could constitute a new "resource" play over the entire geographical area. The Nisku could represent a very good
horizontal drilling target.

If productive, the Nisku horizon could be a prolific horizontal "resource" target which appears to be charged with oil. Fractured porosity is noted throughout the entire wellbore and it is possible that we are dealing with a highly fractured reservoir in the Nisku.

Now they are over in Roosevelt having another go at the same level.

One to keep an eye on, and why bother with the expense if the Weil1 well was a dud at that level.

They went looking for helium in the Weil 1 well, found it, but also has oil shows on two levels, which were previously unknown. The Nisku mentioned as above.

It rights all the way under IOF acreage.

[angel of the north] 24/9/2013 11:13

I think the presentations will be VERY successful, especially if Lance Baller is present to give his views and support the new CEO and team.

[superg1] 24/9/2013 10:55

Che

The price depends on the supply as always, but still nothing is obvious, just retail it seems.

I understand LB did make it over and the team are in the UK

[n3tleylucas] 24/9/2013 10:45

"The shorts must believe that whatever the news they will be able to spin it negatively in the city."

Look, you'll make next to no profits this year, and will do well to make just £5m next year, and £10m in 2015.

That's about 8p of earnings 2015!

This is good triple digit growth, but the stock market is already valuing you several years out.

You should be closer to 9 times 2015, around 72p is very full value.