Iofina Share Discussion Threads

[angel of the north] 27/11/2013 16:50

After some 'slash yer wrists' posts today, I had a pleasant surprise at the end of play graph today.......after I ascertained I didn't have it upside down! RNS at 07:30?

[testuser123] 27/11/2013 16:37

Crosseyed - you're right the old style pods haven't been in use since the end of last year and will probably never see the light of day again.

[n3tleylucas] 27/11/2013 15:37

...or let's put it another way, to get the $15m w/o too much dilution the share price had to be high, and Fay had to flog the idea to his bosses at Stena. Now the pressure's on to make enough money to either repay the debt, or get the share price up as high as possible so Stena can cash-in. Now if BOD say "we'll have several plants up and running within 3 years... and hopefully profitable within 2 years...". You guys will dump this like a hot potato! So they HAVE TO TALK BIG BIG BIG... it's business.

[crosseyed] 27/11/2013 15:35

testuser123,

Thanks for the reply.

Do you know whether the old style arysta pods are still in operation ? It was my understanding (responses from a recent post) that they were probably not. I'm interested to know what sort of iodine contribution they might be making.

c

[testuser123] 27/11/2013 15:27

Hi Crosseyed.

IOF have 6 pods built at the moment. 5 of them are the old style arysta tech ones (as described in the patent). Basically they tend to get gummed up with oil and aren't deployed. The 6th is what Lance described as a proto-iosorb last time I spoke to him about it, and uses the same tech as the plants.

I've not read the patent but I'm hoping that it will cover wellhead extraction in general, the tech parts of it aren't really relevant any more. I believe the proposed pods for the hyper sites use a slightly different tech (Gad posted some ideas about how it could work).

Regarding investor's cron, not a clue what they're on about.

[crosseyed] 27/11/2013 15:02

Re RM's post relating to the Inv Chronicle article on Iofina:

Granted it's still early days for Iofina as the IOsorb plants do not yet have a reliable operational track record and there are concerns about operating costs.

What concerns about operating costs?

c

[crosseyed] 27/11/2013 14:59

gadolinium,

Thanks for the patent post.
That seems to relate to what were termed "W.E.T pods" which appear to have been superseded by the IOsorb plants and the indication of new mobile units based on the same technology to target sources of brine with very high concentrations of iodine.
Is the Iosorb technology essentially that used in the WET pods and will therefore be protected from copying by competitors?

c

[n3tleylucas] 27/11/2013 14:55

"Why is it so hard for directors to be realistic and give a truthful assessment of future progress."

Because Fay wants the share price up above the convertible debt price, not 20% underwater.

[roboben] 27/11/2013 14:50

Given that we now have a new CEO, I'm prepared to give them the benefit of the doubt until they prove me wrong to do so!

[sweetnodude] 27/11/2013 14:47

peterz 27 Nov'13 - 12:41 - 11612 of 11621

Delete cookies. If still no joy delete all plug-ins and empty cache too.

[clockwork17] 27/11/2013 14:17

Roboben

Let's hope that that statement is not an "unrealistitic expectation" !!

[diggulden] 27/11/2013 14:15

Bag, agree somewhat that IO12 will not be built in 2014. With the recent slippage, I am simply looking at IO4-9 being built and producing. That is 6 plants with 3 scheduled for Q1 supposedly. Would much rather be surprised to the upside. The BoD cannot manage my expectations successfully so will have to manage my own!

More important for me is that two of those plants are high production plants, ie, circa 500-600MT, which I believe they will be. That will get our run rate to well over 2500MT by the end of 2014, by which point I doubt we will be independent.

[roboben] 27/11/2013 14:14

Baguette - A post from "Biotech Billy" on iii -

"I have received a prompt reply from the company reference unrealistitic expectations and it was agreed that this has been an issue in the past, but I am told that it will not be so in the future.

BB "

At least they acknowledge the problem and say that it will not happen in the future. Let's hope they are as good as their word on this.

[baguette] 27/11/2013 14:07

By the way I am not knocking the Company's opportunities just trying to maintain some balance of reality between amazing analysis and words pouring out of this thread and the actual performance of the Company.

A reminder:
RNS 31/7/2012 "IO2 fully built and being shipped for construction" Took an awful long time

RNS 11/1/2013 "IO3 currently being fabricated" Yes a change of location to OK but really this is very slow stuff and now IO4 delayed on the date of apparent completion.

It will take some time to believe any future forecasts and that includes, for me, assumptions that output tonnage forecasts will happen when indicated - until some real numbers are published.

SG and others may well repeat all the opportunities, provide maps of every square metre we own, give detailed analyses of our competitors and remind us that IOF is a damn lot better than many AIM companies and all these may well be true - but all I can judge things on is Performance and the Board have much to do to repair a fair bit of damage.

Lets just be honest enough to recognise that and not lead potential investors in too giddily until IO4 and IO5 are actually productive which we hope will be some time in Q1 2014 (They have better not miss that one or we should all shake a bit !!) and they give a solid date for IO6 (which now looks as though it may well be Q2 ?

Lets also just accept NOW that it is monumentally unlikely they will complete IO' 4,5,6,7,8,9,10,11, and 12 in 2014 as indicated not long ago.

[phoenixs] 27/11/2013 13:56

compared to most companies out there IOF have been very honest about what has been going on and what they expect to achieve. Sometimes there are problems for all businesses which cause delays or reassessments of strategy.

[roundup] 27/11/2013 13:39

Why is it so hard for directors to be realistic and give a truthful assessment of future progress. All we want is an honest realistic assessment of what they expect to achieve in future weeks/months. Targets missed only undermines market confidence and ruins the share price.

[roger melly] 27/11/2013 12:43

Nice mention in Inv Chronicle (apols if posted already)

IOFINA (IOF)
Iofina's proprietary method of extracting iodine from the wastewater associated with shale oil and gas has the potential to transform the market for iodine. Iodine has a vast range of uses, ranging from speciality electronics to animal health products and disinfectants, but is conventionally expensive to produce. It currently sells for around $50 a kilogramme, yet Iofina's IOsorb plants can supposedly produce it for as little as $10-$20 a kilogramme - about half the cost incurred by competitors mining iodine in Chile.
Iofina has two other non-core assets that have serious blue-sky potential, including the Atlantis water project in Montana and certain deep-shale exploration rights. The water project could be particularly lucrative. Iofina plans to sell water to oil and gas companies that need it for drilling activities, and the project is at an advanced stage of the permitting process.
Granted it's still early days for Iofina as the IOsorb plants do not yet have a reliable operational track record and there are concerns about operating costs. As such Iofina should certainly be regarded as a high potential but high-risk investment. But if the company manages to bring its few plants online successfully and on time, the shares could quickly turn out to be a worthwhile investment.

[peterz] 27/11/2013 12:41

Scrutable. No it was financial site, which I cannot log into for the last two days. It will not accept my login and wondered if others were also having issues with logging in too. Have to Chang name or advfn change it to 'a competitor' . It was m-o-n-ey. A-m.

[engelo] 27/11/2013 12:15

Festario re CEY seems a bit unkind. From memory when Scruts suggested them it was a classic case of 'things look so awful it must be time to buy' and they did in fact rerate from that point. They've probably done better than IOF in the timeframe even after recent retrace.

Not a share to relax with though. Now might be time to buy again :-)

I'd be very pleased if you both could sign a peace treaty: after all if Iran can talk to the US.....

[captain_kurt] 27/11/2013 11:48

David Schneider is an ex Iofina Director.

Schneider's name is on the patent