Iofina Share Discussion Threads

[worraps] 13/11/2013 09:41

Sometimes, it's the DARK HORSE you have to watch out for. They can come out of nowhere, from behind, just when you're busy concentrating on something else.

[1madmarky] 13/11/2013 09:19

That conventional oil find that they are not talking about?

[madchick] 13/11/2013 09:12

LOL, superg. That could mean anything!

So, it's an event. Thus not really anything to do with the patents. Knowing life, times won't be met. But it's a game. Something that IOF may not know (becauae they are busy with iodine). You've dismissed it as water news. I thought the charts were on an upward trend, so I hope they are still right! Something to do with shipping? I can't see towers coming through customs as an event, and anyway, that's iodine. It's not Lance making a comeback (wouldn't be good anyway because they have a new CEO), but I hope he is getting better.

Ah - results from one of the oil drills, I forget which one it was (I'm not really focusing on that, to be honest)? Personally, if it turns up good, I'm not sure it will affect us unless IOF decide to spell it out in an RNS, but it's not really their style.... but I guess it could mean that IOF get approached (which we won't know about unless discussions get serious).

[dolores123] 13/11/2013 09:05

So its a question of counting the towers as they come on stream and await the next results etc! I can understand that just thought someone might had a go at profitability.

[superg1] 13/11/2013 08:41

Madchick

More riddles.

If the times given are met, and all shipshape, then it will just show how charts, the city and everyone else, can't predict events.

There is no guarantee that even IOF know yet, or that it will appear.

There are many aspects to IOF, and they are rather busy on iodine.

[bogg1e] 13/11/2013 08:34

Dolores in my notes i have IO3-6 initially at 250 ppms iodine, although we know each site will be different, IO3 is at 150 ppm for example, IO6 will be 300 ppm cos its at the IO2 site. So with SG1s formula for 90% operational time you should be able to calculate an approximate yearly output then multiply by 50-60 dollars per kilo for revenue.

[jonnyno1] 13/11/2013 08:33

Dolores, i suggest you look through the thread.

[dolores123] 13/11/2013 08:30

Are any profit forecasts available for 3/4/5/6 towers? Many thanks.

[the librarian] 13/11/2013 07:45

I dunno Mike, they are trucking it in to IO1, I expect there is a way around it, anyway, just a thought.

[madchick] 13/11/2013 07:38

I've got it! Six days until "I'm a celebrity..." starts. This is why superg was being flexible with the time to allow for the time difference. So, obviously, Lance hasn't gone to work for another company, nor is he off ill, he was preparing to go on the programme where he gets to advertise IOF for free on national TV every day.

Or maybe it's the Australian connection...

[spike_1] 12/11/2013 23:58

Yup, if you start trucking in brine to another 'IO' it compromises the chemical requirements of the original source (I imagine?) also it is coming in at a steadily decreasing temperature (as we head into winter) so again compromises the original IO 'mix'.

Ho hum ;0)

Best wishes - Mike

[naphar] 12/11/2013 20:31

That Lib, is a great question! All linked to brine ownership maybe? Maybe it will become possible as we get more plants online with more operators. I.e. ship midstates low BPD high ppm brine to a midstates site, they get the royalty based on output from that site. Less complications than mixing operators brines which is sure to have disposal implications

[the librarian] 12/11/2013 19:51

If they are high ppm and low bpd why don't they truck it to the IO's? Got to be worth it instead of letting it disappear down a hole while waiting for the mobiles.

[germanicus] 12/11/2013 19:48

My latest 'adventure' was 5 months late, but promised as 'in 4 weeks at regular intervals'. It arrived incomplete. arrrghhhhhhhhhhh.

Are you building IO#7 in your back garden SG1? lol!

GLA


G ;-))

[noli] 12/11/2013 19:37

Crosseyed, just one more point on the wets vs iosorb, termo,anticline,warren etc are old sites with the old tech. SG is talking about the new iosorb tech, hydrosorb, maxsorb & mobile units, these are the new tech all based on iosorb technology.

[superg1] 12/11/2013 19:24

Crosseyed

Mobile pods are still in the pot, but IOF reported at the last presentation at modifications re potential wind etc as they are generally lorry trailer type mobile units.

The mention of hydrosorb units covers those too.

Basically some wells are extremely high ppm, or Hyper as mentioned by IOF. I understand Hydrosorb is a new way to produce iodine from low bpd sites with very high iodine content.

Gad did find the mobile patent which was awarded recently. I believe such units will start to appear next year.

Some wells can be very high ppm while another a mile away may be low. So mobile units are a way of intercepting very high ppm wells, they may be unique to a particular area. They have already found some with 2000ppm plus and higher, but they will be low bpd.

E.G. at 1000 bpd and 2000ppm from a pod, could do more than io1 produces.

It's effectively the same as 10k bpd at 200ppm

The opex on those would be low, so a few of those and you have a few io1's.

You may note I mention it's not about the number of plants but bpd and ppm.

So far on bpd they have mentioned bpd of 12k, 50k, 40k and 17k. They gave the io3 to 6 range of 17k to 40k.

The above with two sites missing is 120k, if I took the two sites as both 17k. Bpd across 6 sites means over 150k bpd.

Each 50ppm on that 150k figures returns around 1 mt per day

150ppm average = 3 mt per day

200ppm = 4 mt per day etc

If I thought 2 plants at 20k bpd average each, then with downtime it's around 1.5mt per day per 50 ppm

150 = 4.5mt per day

200 = 6 mt per day.

The plan is to have 12 complete by the end of next year and as you can see it could easily push 2000mt rates. Even the brokers have it higher, I think they have 200mt to 250mt per plant.

If you get a few io2 type locations, then that figure needs bumping up considerably higher.

That all equates to annualised rates of over the $100m mark for iodine. That's why I don't get flustered over towers delayed, or the odd slip back, the end game plan is just the same. Everyone would want everything on time, I've lost count of the amount of times, that furniture or other products fail to arrive on time, from huge companies that have been around for decades, in the same business.

My latest 'adventure' was 5 months late, but promised as 'in 4 weeks at regular intervals'. It arrived incomplete. arrrghhhhhhhhhhh.

That's life.

[monty panesar] 12/11/2013 19:15

Is IO4 going to be the first FRP plant?

[noli] 12/11/2013 19:08

Don't forget iof have changed to frp from titanium, the first plants will always take longer as the contractor has to set up all dimentions. Going forward timings should improve and iof wont be building 3 or 4 plants at the same time.

Once we get this run of plants out of the way and built it should make life a lot easier for iof with just one plant every 2 months. 1 plant every two months is build only as it takes 60 days to build then commissioning. As iof are using 2 build teams then 1 plant every 2 months should be a doddle.

[monty panesar] 12/11/2013 18:33

I think it is important that IOF can demonstrate they can get can get the plants up to speed within a month or so going forward. For reasons well known it has taken 6 months or longer to get the first 2 maxed out and that is probably why the price is where it is.

[freshvoice] 12/11/2013 18:01

It's not them? It's Investec who win with the bad news, more trading and cheaper in for their mates and wealth clients, so who do you think makes sure a bad light is put on any good news?

[the librarian] 12/11/2013 18:00

One more point for eeza, you would have been gone long ago if the 'super-rampers' hadn't supplied you with a lot of pertinent and relevant information to re-think your non investment plans at 34p... go on admit it. Done nothing but bloody moan about it all the way up and added nothing useful at any point that I can remember.

[the librarian] 12/11/2013 17:47

Ahhh eeza, such an inspiration to us all... it's the way you tell 'em. You carry on worraps, I know what you mean, although I must admit I have groaned a couple of times :-).

We are all a little impatient and those underwater will be more impatient than others but at least with this share there is light at the end of the tunnel and you can see it. As the plants roll out so will the difference between profit and loss on your investment.

[crosseyed] 12/11/2013 17:46

noli, ok, thanks, c