Iofina Share Discussion Threads

[gadolinium] 11/11/2013 10:17

Crosseyed, re; your post 10733 in which you attempt to estimate Iofina's direct cost of iodine from the raw material costs reported in their Annual Report. I am sorry for this late reply, but I have been away and am just catching up on posts.

From the tone of your question and the replies received I get the impression that people consider the only raw material input into the manufacture of iodine derivative is the cost of the iodine itself. This is not so. Iofina chemical will need to buy in numerous other non-iodine chemical raw materials in order to produce their derivative products. These include non-iodine containing chemical intermediates, reagents, solvents, acids, bases etc. The cost of these raw materials will be aggregated in the raw material costs illustrated in the Annual Report to which you refer, hence it is not possible to back calculated the cost of produced iodine from these figures as you have attempted.

For example, the product IPBC a widely used biocide/preservative has the molecular formula C8H12INO2, this comprises ca. 45% iodine. The other elements carbon, hydrogen, nitrogen and oxygen will be incorporated from brought in chemical raw materials at some unknown cost.

Remember also, many of Iofina's chemical products contain no iodine, so the cost of iodine will not figure in the raw material costs of that part of their sales at all.

Gd

[joeywald] 11/11/2013 10:10

worraps

I'm a little disappointed also. Obviously investors are waiting to see actual rather than projected roll-out and production figures.

[titus10] 11/11/2013 10:09

johncsimpson

Many thanks for that sensible idea, which would surely kill the curse of any carefully constructed, time consuming text being wiped by ADVFN before it sees the light of day, as happens.

I'll look into it. Haven't bothered before because whilst I browse online in Safari on my MacBooks (for security and speed), which don't offer a full word processor, transferring stuff from Word in MS Office in a Virtual Machine's XP software, i.e. between operating systems within the computer, is a clunky business.

But the Text Edit app in OSX may work well enough for the purpose. Well worth a try.

Any help with computers is very welcome indeed to this senile dotard. Thanks again!

[worraps] 11/11/2013 09:47

One thing that does puzzle me......despite extensive presentations around the country, (Europe was cancelled due to UK demand?), only Old Mutual increased their holding, and only by a small percentage.

In the past, presentations have brought about new IIs on board, increased holdings by others, and a jump in the shareprice. But it hasn't happened this time, for the first time that I can remember. Perhaps my memory is deceiving me.

I know we are in a consolidation period, where the market is waiting for further evidence of production numbers etc. And I'm sure that once again I shall be told not to be so impatient, and no-one else is bothered by the shareprice, and they are in for the long term...... but still in the low 160p region? When we were expecting so much more by now?

Is NO-ONE else disappointed by this? I find that strange. We're now 5 MONTHS on from all the excited talk in June, and I'm beginning to find the explanations and 'excuses' are wearing a bit thin with me. And so is 'under the radar'!! Ping indeed. NO PING indeed.

[danster4] 11/11/2013 09:21

Days till your b'day....?

[superg1] 11/11/2013 08:44

7.5

That gives me some more options and confuses it a bit :-)

[rugrat2] 11/11/2013 07:06

I've been having a brief look at the Bakken situation again, following the appearance of a number of relevant Q3 Earnings reports. In doing so I have realised that there is a new GoogleEarth image covering much of Roosevelt, Richland and Sheridan counties dating from mid-August. Apart from new oil wells appearing, there are five of the seven planned water depots now constructed, just leaving the AWS application in the offing. (It appears that the Attawater depot application, close to the ND stateline, has been withdrawn). The link takes you to a collection of images of the depot sites. It appears to me that the Hardy and Charlie Creek depots had only just been finished when the satellite image was taken, but the latter is in use now according to Ames' website. All the depots look identical in construction to me – by the way the small buildings contain sand filters which the water passes through before delivery to the road tanker.



I have included long/lats for anyone who wants to look at them on GE. Close to the Bainsville 2 site (a mile or so to the west) is a new commercial SWD well, the Windy Butte swd 101, and close to that what looks to me like Oasis Petroleum's depot – remember they have their own fraccing subsidiary company. I have marked on the image the names of dominant operators in particular areas although there are a number of others with recent wells in the area such as Whiting, XTO and Slawson, and Continental are drilling north of the river in the mix with Statoil.

[bargainbuyer] 11/11/2013 00:12

superg1
No harm in taking a closer look at Stratmin (stgr).
Their last update answered a lot of questions about the quality of their product. Independent tests have confirmed the ore can be purified to 98/99% carbon.
They are already producing a product with up to 80% carbon purity and only a small sum of around $200k is needed (which they more than have) to purify their graphite to over 90%. Upgrade equipment should be on site before year end and operational early 2014.
Looks to be a very very profitable investment at the moment capped at only £13 million.
Stratmin seem to definitely have first mover advantage around the world and almost 90% of their stock is in long term hands.

[johncsimpson] 10/11/2013 21:29

Titus

A suggestion re 806 - why don't you create your documents / posts in a word processor? If nothing else it's so much easier to cut and paste if you want to add, edit, change or move components about and then format.

And the biggest advantage is you can then cut and paste the whole finished post into the ADVFN text box with no worries if it glitches in any way.

You could also create a file with all your ideas and save it every time you post something. You then have everything in the same place which can be a big advantage if you want to look back for some detail you've previously posted (and maybe re-post) without evoking ADVFN's own search.

[superg1] 10/11/2013 16:59

boggle

I am sure they will rns at if granted, The PDTG form has a lot of information in it and will be available to view.

Only 'Interested parties' can object, and that seems to mean anyone that holds a permit. It would be very difficult for anyone to argue that taking water from the Missouri is detrimental to them.

As pointed out before, IOF's point of diversion is downstream of probably 99% of other water rights in Montana.

[bogg1e] 10/11/2013 16:36

Cheers. If the BoD are on their toes and they can persuade the nomad to allow an rns for the determination to grant (primarily because we PIs will know what it means and will surely make the BoD aware that we PIs are aware of the impact it has on the share value) we may just see an upgrade before the grant is finally permitted, but that really depends on the nomad, who it seems is not exactly trusted by PIs to act in the best interest of wider shareholders.

[superg1] 10/11/2013 14:54

The key point Boggle is the award of the permit removes all the fog about IF they will achieve it.

No note yet includes any forward valuations for water, it also doesn't need any careful comment due to competitors.

Interestingly CF didn't seem to think that the winter period would be a barrier to building the depot. He talked of 3 months and being pretty straightforward. We still have the comments re A JV hanging over that one, so it will be interesting to see which way it goes.

[bogg1e] 10/11/2013 13:49

Dan, application deemed correct was 30/9/2013, now they have up to 4 months to determine to grant, ie 30th Jnauary. It could very well come tomorrow, but i find it best to go with the official timelines because it helps to manage expectations, thereafter we have about 6 weeks(?) or so for complaints to be registered and if not, then the go ahead with the grant. As sg has pointed out there do not appear to be any impediments because all the people who could lodge a complaint have, as far as we can tell, open, transparent relationships with IOF based on IOF fairly renumerating those involved. As far as I am concerned water is out of the picture as a source of revenue til Q2 2014.

[crazycoops] 10/11/2013 13:42

Danster, what makes you say 8 days for water? I think we are about a third through the 120 day period so it could be 8 days or as long as 80. This said, I'm hopeful we'll get permit approval before the year end - that would fit with the norms that are being established with applications by others.

[superg1] 10/11/2013 12:14

Not necessarily, could be anything.

[writz] 10/11/2013 11:29

Titus, no problem. It's the thought that counts!

[danster4] 10/11/2013 08:10

Superg so water PDTG in 8 days time.......?

[superg1] 10/11/2013 08:03

Thanks Che

Yes I see. So a valuation method for shares as a basic rule, only applies to shares you are long in lol.

That just about puts the cherry on the top. IOF 3.20 on that basis.

I assume that doesn't include water revenue :-)

[titus10] 09/11/2013 23:23

WRITZ -

Just wrote you a piece, but the lot disappeared when I clicked on post. Could be something to do with having ADVFN open on 2 computers simultaneously for reference to earlier posts.

It's now way past my bedtime, so apologies but can't try to reconstruct whatever it was. Will try again if I have the chance another day. Can't think of anything published which analyses the analysts. Could be fun if one had time.

[che7win] 09/11/2013 21:47

Superg,
Check your email.

[superg1] 09/11/2013 21:33

Che

Curiosity is getting the better of me, could you please elaborate a bit on the N3 £3.20 story posted earlier.

I have tracked what has been said on some other shares like GBO and GDG from the bears. I have to admit I am impressed by the lengths they go to on research.

If such research is accurate, then hats off to them, as I always applaud any efforts to identify risks in any share. The trouble is with those shares I have little knowledge on them, so to some that may have considerable research hours behind them the content may known to be complete BS, maybe not.

It's partly why I did so much on IOF, as if shares perform the flag gets raised and the nay sayers appear.

I have seen some valid arguments so far but without substance to back it up. In the main though it has been complete BS, and amazingly, by sheer coincidence, right on track with reasons Ennis based their decision to go short.

The cynics among us would think some posters are Ennis connected, what a silly thought eh.

I don't think too much of the way TW responds to criticism. Speak as you would like to be spoken to, and all that. having said that there are occasions where some need to be spoken to in the language they understand

I was impressed by the call to those on site re a drilling project while the BOD were on a flight and off air. Frowned upon, but no breach of the rules.
Not cricket, but hey ho......

On that point there are many things that can be achieved by application of a little effort on shares.

The trouble is if you have no idea which road to turn down then you are never going to get there.

So those that end of the spectrum need to get their thinking caps on sharpish.

While they kindly post all of their research for all to see and digest (can't think why) I don't.

We've had 10, and 9, when is 8 ?

[angel of the north] 09/11/2013 17:59

'It's too cold to snow'.....If you live in the bleak North East of England, this statement is often used and is very true, for a different reason. It gets 'too cold to snow' when there is no cloud cover, many degrees in fact and no clouds mean of course no snow! Simples!

[writz] 09/11/2013 17:04

Scrutable, what is "sticky oscillation discipline"...?