Iofina Share Discussion Threads

[captain_kurt] 26/9/2013 13:07

LOL...quality Superg1 :@)

[warrensearle] 26/9/2013 13:04

"Shortly they will see Lance with a solid back four and Suarez up front taking a bite out of the sector. " - lol genius :)

[superg1] 26/9/2013 12:51

still on the iPhone.

Chile have iodine producer meetings. LB has been to various meetings in the past, hence yesterday he was able to quote their problems and costs. E.g. Scm bullmine, opex of 50 per kg

Iof back then were a customer. Hence they built up the inventory, as when they became a production competitor they didn't think a cap in hand approach would be welcomed if they had extended delays re production.

I discussed the Sqm point yesterday. Sqm apparently have been tracking Lance and his welfare on a regular basis. They saw Lance as key threat to the iodine sector.

Shortly they will see Lance with a solid back four and Suarez up front taking a bite out of the sector. That is not what they wanted at all.
That 700 to 1000 mt news would have been a kick in the teeth.
That probably amounts to more than all the extra Chile supply recently. a nightmare situation for Chile mines.

They thought they had the sector to themselves and hence high capex, while a concern, would get returns as they believed no other country could materially affect the iodine production world.

They were wrong, some chile mines will close if iof deliver. They simply can't get their costs down.
Even Sqm have closed one or two mining areas as costs due to depletion have gone up.
Furthermore Sqm have shelved some of hose big spending plans, which included new areas to mine.

Chile has been savaged by rising costs, lack of power and water
Now they have just seen that they have a big problem in the form of an aggressive low capex low opex US player with huge iodine resources.

PING

[bobsworth] 26/9/2013 12:34

Scrutable no pleasing some!

Rest assured many here appreciate your well worded posts as they often generate a good debate so please keep them coming.

[warrensearle] 26/9/2013 12:30

Ok well we fundamentally differ here let's not have a big spat about it comparing having a mortgage to leverage spread betting on AIM Is an interesting but fundamentally flawed argument - I do get my bee in a bonnet about your posts more than anyone else's mainly because I don't think you are trying to help I think you are trying to better your own position by constant ramping on here of other shares You areOver leveraged on GDL in particular. I do Admire your cavalier approach to investing and the idea you are diversified by being overleveraged on different aim shares rather than different asset classes. Horses for courses I suppose but fundamentally different to my approach

[eeza] 26/9/2013 12:09

I'm with you, Scrutable. Keep on keepin' on. I don't see any 'boasting' - just common sense.

[qs99] 26/9/2013 11:53

Just turned blue..iof that is...!

[jointer13] 26/9/2013 11:08

positive comment.

''Iofina is now in an excellent position to monetise its proven technology with a total of six IOsorb™ plants in production by the end of 2013 and a further six planned for 2014. Process optimisation at IO#1 and IO#2 continues to produce higher iodine yields and this knowledge and experience will be applied to future plants. The key IOsorb™ patent was issued in Q2 2013, protecting our significant competitive intellectual property. The recruitment of George Lantz and Gary Gatchell as CEO and FD respectively, has added significant experience and leadership to the management team as we now enter what should be a highly exciting period for Iofina shareholders marked by rapid growth as our roll out strategy unfolds.".

[jointer13] 26/9/2013 11:02

yes madchick...a lot of positive statements in that rns,i reckon they have turned up the volume a little...look what we've got!!!

[warrensearle] 26/9/2013 11:01

That's the kiss of death then zak mir saying we are going to 215 these tea leaf readers like him and tom Winfrith consistently call it wrong and then totally change their position .. and normally get it wrong again

[pigeon1] 26/9/2013 10:56

Iofina (IOF)

Thomas Coleman writes: Iodine producer Iofina posted a 51% increase in revenues to $11.6 million (£7.2 million) for the first half of 2013, squeezing its losses down from $970,000 (£603,000) to $124,400 (£77,200). Iofina said its new production process made its first significant contribution to results and also outlined plans to increase its production facilities to 6 plants, up from the 2 plants which are currently operational. The increase in capacity would allow Iofina to produce between 700-1000 metric tonnes of Iodine, making it one of the largest iodine producers in North America.

To place a spreadbet on Iofina CLICK HERE

Zak Mir writes: What can be seen on the daily chart here is the way that going into today's update from the iodine specialist, there was nearly 2 months consolidation either side of the 140p. In addition to this there were multi-tested RSI support points on a rising trendline from the beginning of August in the oscillator window, with the implication that the stock's range bound trade would resolved to the upside. The current position is that at least while there is no end of day close back below the still rising 200 day moving average at £1.61 we are likely to be treated to a top of February price channel target as high as £2.15 over the next 1 to 2 months.

[madchick] 26/9/2013 10:52

jointer - I just posted that same quote over on LSE! Yes, it's a bold claim, "on path to be the most profitable iodine producer in the world"!

[jointer13] 26/9/2013 10:46

6 plants by years end.

"As the Group continues to grow, plant construction remains a major focus. IO#3 is underway and on track to be completed by the end of September. IO#4, IO#5 and IO#6 are under construction and expected to be completed by year's end as previously announced."

plus another 6 plants next year..roll on the roll out !!!!!

[naphar] 26/9/2013 10:44

Gad, thanks for that clarification. I believe the cheque will go off quite quickly, if not already done, and as the company will pay for sure, in their mind it is probably granted. I agree that's probably not enough for an RNS yet but perhaps the company will disagree.

[outfly] 26/9/2013 10:43

Just bought two more lots of this today, to add to what I already have, but unfortunately it's having more of a pong than a ping.
I was expecting the rise to carry on a bit further from yesterday and get us up to the £2 mark.
Lots of news to come so hopefully will get there in the next few weeks.

[jointer13] 26/9/2013 10:30

this should make the Chileans take note.

"Labour, water supply, environmental concerns, energy costs, and currency devaluation continue to be ongoing concerns for Chilean iodine producers resulting in strong upward costing pressures. Conversely Iofina's unique patent protected technology and symbiotic relationships with oil and gas producers is enabling it to reduce its production costs and as the business scales production costs are expected to reduce further, putting Iofina on path to be the most profitable (kilo for kilo) iodine producer in the world."

remember...we are changing the iodine world forever

part of the ping..?.

[gadolinium] 26/9/2013 10:20

I notice some people are anticipating an imminent RNS on the 'granted' mobile wet pod patent application. Please read my post 8806 again (ignore the ipod gaff!). I stated a 'notice of allowance' had been issued. This gives a legal right to a patent, but the patent is not granted until the required fees have been paid and other formalities are completed. No fees are recorded as paid as of yet, three months allowance is made for this or the patent is deemed to have lapsed.
For comparison of time scales the recent Terry Brix patent on iosorb (US-20100074836) received notice of allowance on 01.05.13, was published on 30/07/13 and RNS'd on 02.08.13.

I have attempted, not vey successflly, to copy the application data form from the US patent office pair site below. (edit: I can't post a direct link to the form as the site is protected by a verification code entry system).

Order Certified Application As Filed Order Certified File Wrapper View Order List
13/275,662 PORTABLE SYSTEM FOR ON-SITE IODINE EXTRACTION FROM AN AQUEOUS SOLUTION WATI 200003US02




Bibliographic Data Application Number: 13/275,662 Customer Number: -
Filing or 371 (c) Date: 10-18-2011 Status: Notice of Allowance Mailed -- Application Received in Office of Publications
Application Type: Utility Status Date: 08-28-2013
Examiner Name: STELLING, LUCAS A Location: ELECTRONIC
Group Art Unit: 1778 Location Date: -
Confirmation Number: 4807 Earliest Publication No: US 2012-0034152 A1
Attorney Docket Number: WATI 200003US02 Earliest Publication Date: 02-09-2012
Class / Subclass: 210/668 Patent Number: -
First Named Inventor: Charles A. Schneider , Villa Hills, KY (US) Issue Date of Patent: -
Entity Status: Small AIA (First Inventor to File): No
Title of Invention: PORTABLE SYSTEM FOR ON-SITE IODINE EXTRACTION FROM AN AQUEOUS SOLUTION

If you need help: · Call the Patent Electronic Business Center at [phone] (toll free) or e-mail [e-mail] for specific questions about Patent Application Information Retrieval (PAIR). · Send general questions about USPTO programs to the USPTO Contact Center (UCC) . · If you experience technical difficulties or problems with this application, please report them via e-mail to Electronic Business Support or call 1 800-786-9199.

[naphar] 26/9/2013 09:42

Bob. Re 9164, I don't recall that coming up yesterday in the open sessions. Someone may have asked individually though.

[writz] 26/9/2013 09:42

On the Chile connection, I suspect the management team just want to give the impression of "business as usual". Summarily withdrawing as a buyer (vs. continuing the relationship even if you're not currently buying) would be a pretty clear statement of intent. Also, making the visit allows you to downplay your future prospects and perhaps extend your "radar" time.

[naphar] 26/9/2013 09:41

Bob, on the H1 output, I think the conclusion some time ago was that it does not include recycling. That is part of the iofina chemical business and counted as separate to output from brine streams.

[bobsworth] 26/9/2013 09:35

Question

In yesterday's RNS it states:

"Multiple site contract won with one of the largest oil and gas operators in the US".

Does anyone know who this large oil and gas operator is and it's significance in terms of contract value?

TIA

[bobsworth] 26/9/2013 09:28

Question

In yesterdays interims it states that 62.5 metric tonnes (mt) of crystalized iodine was produced in H1 2013.

Can I assume this is the output from IOF#1 + 2 and does not include mt from recycling?

TIA

[hew] 26/9/2013 09:15

Wizard, napher, re George's "personal projection", I think he was understandably somewhat cautious. He is newly into an important role at a critical stage of the companies "reality check" launch, having been buried in (and still is) the practical rollout tasks. Ours was the fourth pres that day, and the previous ones were to institutions and potential investors of rather greater weight than most of us. (Exceptions I dare say!) By getting something wrong through lack of background or just having not yet got up to speed on all the plates spinning would be far worse than being a little understated. Accepting the available experience, e.g. of Lance, can be seen as a strength, for me, more so than trying to waffle through.

I only spent a few minutes with him afterwards, mostly with others, but his responses to me. e.g on the practicalities of interactions with the brine suppliers, agreements, seemed good. He seemed open and straightforward and "looked you in the eye".