Iofina Share Discussion Threads

[superg1] 04/10/2013 09:20

I've been looking up flexsteel, they are quite vocal re the jobs they are picking up, so one to keep an eye re any freshwater pipes that appear (if that ever happens)

Such a move makes fresh water even more viable, as most of the cost is associated with trucking

[the librarian] 04/10/2013 09:17

Oasis are very quick on putting the pipelines in too superg... they are the ones I referred to a few weeks ago..... they are definitely on a mission and a company to watch out for... I do wonder if IOF have linked up with them?

Oasis was able to install 8,000 feet of FlexSteel pipe in just 4 days. FlexSteel's product continues to perform to original design specifications for the life of the pipe, therefore eliminating the need to de-rate the pipe over time. FlexSteel offers proven performance through its unique, anti-corrosive technology which provides peace of mind to the customer. Because FlexSteel is quick and easy to install, the customer minimized their installation costs overall. hxxp://www.flexsteelpipe.com/success-stories/flexsteel-replaces-fiber-reinforced-bakken-pipeline-had-been-de-rated-due-high

[superg1] 04/10/2013 09:01

I noticed in recent times that a company called Oasis have made acquisitions and seem to be moving to pipeline systems for efficiency to reduce trucking, Brine and Oil so far, surely fresh water will follow. I note the seem to have plenty of acreage in Roosevelt county (IOF water depot)

[che7win] 04/10/2013 08:35

If I were Toyota, I think I would be counting the trucks too!

Investors Chronicle tip well written, they must have attended a presentation/spoken to IOF.

[diggulden] 04/10/2013 08:33

Roger,

04/10/2013 08:29 2,065 @ 171.6
04/10/2013 08:26 724 @ 171.6
04/10/2013 08:23 570 @ 171.65
04/10/2013 08:21 2,912 @ 171.65
04/10/2013 08:20 862 @ 171.65
04/10/2013 08:14 5,999 @ 171.9
04/10/2013 08:12 2,000 @ 171.9



Plenty of volume goes through ISDX every day, 50k so far this morning. Your friends 5999 is above.

[m1das_touch] 04/10/2013 08:30

roger not sure who your friend has his SIPP with, but mine is with AJ Bell, Sippdeal and I've noticed that they do a lot of my AIM trades via ICAP Broker Dealers, which then don't show up on ADVFN.

[king_roster_iii] 04/10/2013 08:26

The point is - it is game changing. It is disruptive technology and will blow away the existing boys who are mining and extracting in more traditional ways.

It is all laid out in the Innovator's Dilemma.

[rogerbridge] 04/10/2013 08:23

Just had a call from a friend who has purchased another 5999 shares this a.m.for his SIPP.
It does not show ADVFN trades, but what is new there.

[superg1] 04/10/2013 08:10

eeza

The iodine sector plays cloak and dagger with each other, it's been going on for years.

Iofina have a very valid reason to keep things downplayed over the next few months, it's the 'we've found a gold mine' scenario.

Personally I think the reason for protection is a little OTT as there are too many twists and turns in the situation that would have competitors in a maze of too many dead ends.

However they see it's the best way to maximise value, and they know what they have.

Meanwhile down in deepest darkest Chile, the chaos continues, more on that another time.

I suppose the radar avoidance isn't about the Chile guys, but about Toyota tsusho and their obsession with keeping an eye on IOF. I heard they have been counting trucks going from io2.

[orslega] 04/10/2013 08:07

"But if the company manages to bring the next few plants online successfully and on time, the discount to Investec's target price could quickly diminish. Buy."

[eeza] 04/10/2013 07:59

Still under the radar?

[malachey] 04/10/2013 07:53

thanks dnair

[urbanyeti] 04/10/2013 07:28

Investors Chronicle are running a commodities investor seminar on the 24th with IOF being one of the companies being covered.

[pcjoe] 04/10/2013 00:36

Re Investors Chronicle - Their tip re IOF will be appearing on this page very shortly - hxxps://www.hl.co.uk/shares/share-tips/investors-chronicle-tips-of-the-week - As alluded to above, HL have a big influence over PIs - Might be worth a few P on the SP

[superg1] 03/10/2013 21:40

Spin all you want EW.

You can't argue with the figures or the students that took the original iodine samples for Arysta and came up with 300ppm as the average.

It's in a college report available on the web

Those students we have since learned are working at io2 and future plants.

Those Arysta samples say 300, the 450mt plus comment fits with 300ppm at 90% yields at 30k bpd (469mt).

The actual production for io2 given so far backs that up.

Iochem further south quote 300 to 400 ppm.


Think back to IOF original spin. io1 and 2 will do 200mt plus, then shortly after 300mt plus.

On about half speed they were at 300mt, io2 is moving to full speed and it looks like perhaps 500mt for the 2.

So from a 200mt plus first comment to what is looking to be more like 500mt, some spin that is.


Not all plants will have high ppm but some will.

[rock star] 03/10/2013 21:14

Thanks SG. V grateful for your research going back 18 months. Investing takes patience.The real money here will probably be made by those that hold for a 3+ year period...hence I try my best not to look in here too often!

So far so good.

[everybodywangchungtonight] 03/10/2013 21:13

superg1   3 Oct'13 - 20:33 - 9522 of 9523   1 0

Rockstar good to see you back posting.They actually stated in meetings they want to be under the radar, under promise etc.



I thought we were supposed to be in "ping" mode now?


sounds like even more spin to me!

EWCT

[pcjoe] 03/10/2013 20:35

With you there Rock star - At some point Q1 2014 Io1-6 will likely hit an annualised run rate of 1500T - And so to IOF market value via the P/E

My very conservative( by all accounts )"E" including the chem derivatives contribution is £10K per T - multiply this by 1500 = £15million net profit - Given the Fab growth rate I see no reason not to attach a P/E of 25 to this - this gives us a market cap of £375 million & plenty upside

And that is before the other six plants likely due to contribute in 2014 are taken into consideration - or the Water, Oil, Helium & water recycling prospects etc

No investment can be taken for granted but this one still looks very OK to me.....

[superg1] 03/10/2013 20:33

Rockstar good to see you back posting.

They actually stated in meetings they want to be under the radar, under promise etc.

But breaking that down, if we take what we know-:

IO2 figures reverse calculated to around 270ppm, so on 30k bpd that put it at over the 400 mark.

They have mentioned 150 ppm, and have quoted ranges of 17k to 40k bpd for io3 to 6.

We know they can adjust for bigger volumes but I'll assume 30k plus 17k giving 47k at 150 ppm.

That's around 365mt for two plants on 150ppm using the 40k reduced to 30k and the 17k figure. That leaves two plants missing.

io1 50mt
io2 400.
2 io's 365

Then add recycling of 60mt (5mt per month stated).

That's 875mt with two large plants missing and based on low ppm for the other two.

In earlier rns reports pre heavy radar avoidance, IOF said we have sites that will do 450mt, some abnormally high sites more.

In more recent rns news they say hyper ppm wells, multiple sites of extremely high ppm, Hydosorb plants, Maxsorb (bigger plants).

I have heard on more than one occasion that they have some 'monster' sites.

But let's just look at io2.

If that site maintains 50k bpd during it's cycle and IOF actually add a pod/pods/extra plant to process the 50k, then the io2 site at 270 ppm would produce 700mt on 10% downtime assuming 90% yields.

So one site, in theory can cover 700mt.

Then if I go on the 300ppm samples around io2 as an average then it's 780mt.

6 plants, 700mt ?? that would need all plants on half production rate and 150ppm.



Strip it back to the May update of an average of .85mt per day from io1 and 2.

18.7k at io2 and something like 12k bpd at io1 that we know of, that's a 310mt p.a. rate.

So something doesn't add up and that's the 700 to 1000mt claim for 6 plants.

Even if we just used the 17k figure and 150 ppm for io3 to 6 it still adds over 500mt to whatever io1 2 and recycling does.

io2 with an extra 12k on the overall average of 1 and 2 adds 100mt to the 305 figure.

So yes 700-1000mt is clearly an under promise over deliver target. They can do the low figure on io2 plus 1 other, or just process all the brine at io2.

I would rather they over deliver, than under perform any day.

Some forget the original plan was 250mt p.a. at revenue of $25 per kg, with some gas to offset production costs.

[warrensearle] 03/10/2013 20:23

Just read the IC article very positive and will bring in a lot of new investors tomorrow - thought it was strange they have no coverage of the results as they have done previously obviously saving it up for this key recommendation piece. .. word is finally starting to get around

[rock star] 03/10/2013 18:58

The results gave reassurance to some that they will deliver. The suprising comment was the one below. It does not take a rocket scientist to work out that with just IO#1,2&3 operational the operational run rate will be over 700mt per year so watch out for significant upgrades over the coming months. I find it hard to believe IO1-6 will not produce 1500mt per year but management are firmly in underpromise/overdeliver mode.


"the Board now expects that once IO#3, IO#4, IO#5 and IO#6 are fully operational the run rate should be c.700-c.1,000 mt per year which would already make Iofina one of the largest iodine producers in the North America"

[m1das_touch] 03/10/2013 18:50

I can post a link...but only subscribers will be able to read it:

[m1das_touch] 03/10/2013 18:21

Iofina is also a main tip in tomorrow's Investors Chronicle with an in-depth write-up.

IC refers to IOF as having "game-changing technology" which has "the potential to revolutionise a market along with the fortunes of the company developing it."

Can't write more as it's subscribers only and subject to copyright...but the article is very, very positive!

Writer refers to Investec's target of 408p as 'a fair price', providing management delivers on its expansion plans (based on a conservative 4 plants installed each year to 2016).