Iofina Share Discussion Threads

[piehunter] 03/2/2014 12:22

SHONNY 3 Feb'14 - 12:14 - 15742 of 15743 0 0

Oh dear the share price has gone into reverse again. So much for the rampers morning euphoria.


Right on cue, SHONNY posts just as the share price gets a second wind...

[sweetnodude] 03/2/2014 12:21

She could blow at any moment old boy.

[shonny] 03/2/2014 12:14

Oh dear the share price has gone into reverse again. So much for the rampers morning euphoria.

[engelo] 03/2/2014 11:45

Thanks jointer, jackster :-)

[sandbag] 03/2/2014 11:44

Whilst looking at Water Depots, (Western Area Water Supply, Armstrong Water Solutions etc) I came across this video which amused me but it does however give an idea of the water requirements during a fracking operation. If you consider the number of wells which will require fracking you can imagine the huge number of vehicles and water which will be required.

[alphacharlie] 03/2/2014 11:43

Nice post harry. Could almost be Mr Lucas himself. Too soon to gloat don't you think????. Wait. You'll see.

[harrycripps] 03/2/2014 11:29

Hey alphacharlie, a bit too quick with that post earlier. Half todays gains gone already. Never underestimate N3L. I'm a big fan. The man IS a genius

[engelo] 03/2/2014 11:17

jointer: could you please give the link for insti holdings? tia

Last figure quoted here was about 53/3% from memory, so that's very encouraging.

[1madmarky] 03/2/2014 11:16

I seem to remember the cost for a water terminal to be around the half million dollar mark. But that could have been for the whole permit, in this instance it would be for the 3 terminals. Not sure but I would have thought one application for one terminal. the other sites that they have identified would be for follow on applications. either way, it's looking better and more importantly we look like we will have a rather large water business. GLA

[the fat controller] 03/2/2014 10:59

Bobsworth,
Correcting your maths re shares in issue, and leaving everything else unchanged gives eps of 29.56p @ pe of 30 = £8.87.
But PLEASE don't get attached to that figure. But it does illustrate the potential for the NON CORE parts of the business.
Rather than get carried away with water, I'd like to hear that #4 and #5 are up and running, and contributing.
But it appears we are heading in the right direction again.
TFC

[jointer13] 03/2/2014 10:59

I see the institutions are still buying in, up to 62% of the co. at the moment

[beercapafn] 03/2/2014 10:57

Bobsworth..

Iofina Key Figures
(at previous day's close)
Market Cap. 101.51 m
Shares In Issue 127.28 m
Prev. Close 76.25
PE Ratio -
Dividend Yield - %
EPS - basic -0.92 p
Dividend PS - p
Dividend Cover -
Cash Flow PS -3.45 p
Return On Equity (ROE) -3.62 %
Operating Margin -6.34 %
PEG Factor -
EPS Growth Rate - %
Dividends PS Growth Rate - %
Net Debt -2.57 m
Gross Gearing 9.16 %
Quick Assets 10.55 m
Net Working Capital 12.84 m
Intangibles / Fixed Assets 44.86 %
Turnover PS 14.65 p
Pre-Tax Profit PS -0.93 p
Retained Profit PS -0.89 p
Cash PS 4.49 p
Net Cash PS 3.10 p
Net Tangible Asset Value PS * 17.57 p
Net Asset Value PS 24.55 p
Spread 1.75 (2.19%)

[che7win] 03/2/2014 10:42

Bobsworth,
We have just over 127,000,000 shares in issue.

[superg1] 03/2/2014 10:29

Put in iodine terms and opex for cold water, $40k per day from water in terms of profit, is the same as an iodine plant of around 550mt.

It was nice to note the cross border water 'issue' is not the case, it's allowed, although IOF have never suggested it would go that way, under the rules it can.

So far the Bakken action is just a small portion of the amount of wells there are expected to be over the coming years.

Each well can be reworked many times during it's lifetime, I've seen quotes of up to ten times.

Then there is the maintenance water of around 5k barrels per year, which involves the daily salt build up wash out. For every 5000 wells active in the future, that adds 1 billion gallons to the yearly demand.

If you look at recent data they just passed the 10,000 well figure, so if right, maintenance water will be on the 2 billion gallons point this year.

Bob shaver predicted 3 billion gallons use just for fracking in 2013, but it ended up at 5 billion.

They expect 30k to 50k wells over the coming years.

The 3 forks interest has yet to seriously take off but it is known the oil there doubles the area's oil reserves.

So for Eastern Montana, where drilling is active and plenty of 3 forks to extend it, IOF look like the first major mover.

[bobsworth] 03/2/2014 10:25

Not that I am expecting the application to be as big as 200,000 barrels a day to begin with but here's a quick summary on likely revenue/profit/shareprice on a 200,000 barrels per day application:

1. Barrel of water in USA sells for $1 cold and $2 hot.
2. Assume they sell 50:50 hot and cold the average price is $1.5 a barrel of water
3. Costs to produce a barrel is just $0.20 ( Oil/Gas companies send their tankers to Iofina water depot to load up and transport back, hence low costs for Iofina)
4. Profit per barrel of water = $1.3 = £0.79
5. Annual Profits on 200,000 barrels per day = 200,000 x 365 x 0.79 = £57,889,000
6. Annual profit after tax (35% in USA) = £37,627,850
7. Earnings Per Share on 293,000,000 shares = 0.13
8. Share price on a Price/Earnings of 30 (typical for a fast growing company like Iofina) = 0.13 x 30 = £3.85

[napoleon 14th] 03/2/2014 10:23

Nutley

The jealous you get, the de-ramper you are!
Grow up...

[diggulden] 03/2/2014 10:18

I had that down as a total Naph, because if I remember correctly there will be 3 water depots built to allow for multiple out take points, as and when more permits are awarded.

[naphar] 03/2/2014 10:15

Dig, I have half a million in my head, but don't know why and no notes to hand.

[diggulden] 03/2/2014 10:06

Josh, if I remember correctly it was said $100-150k to construct each water depot.

[alphacharlie] 03/2/2014 09:48

N3tleyLucas 3 Feb'14 - 08:51 - 15712 of 15721 2 2

I thought shorters provided you rampers with supply when there was none?

They just took a bet that bad news would hammer this stock to pieces, and won.

You did the hard selling, not shorters... you lost the bet.

Get over it and stop posting rubbish.

Mr Lucas - and the winners were???? Ennismore???? Not until they start closing. They had opportunities down to 70p or so - so there 20% off since then. Of course I realise you will have closed your short at that 70p mark and have gone long. Genius. So where do you see IOF and the price going now???? Any Shonny like predictions as the price fell toward 70p on Friday afternoon last:

Iofina - IOF
SHONNY - 31 Jan 2014 - 15:18:12 - 15654 of 15722
I see we're on track for my 70p close. Probably lower at this rate.

The price immediately reversed and hasn't looked back since.

[sweetnodude] 03/2/2014 09:44

Unless Ennismore already have an avenue for closing their nicely profitable position, I can't see too much more negativity for them to buy into over the coming weeks....

[orslega] 03/2/2014 09:25

Iofina (LON:IOF) has described as "encouraging" its water rights meeting with the Montana Department of Natural Resources and Conservation (DNRC).

It now has 60 days to "provide clarity" on an addendum submitted alongside revised letters of intent related to its water rights application.

The project is described as "non-core" to Iofina's main activity of building and operating plants that extract iodine from brine water.

The update follows a meeting with the DNRC last week.

Chief executive George Lantz told investors: "The ongoing dialogue with the DNRC is encouraging and Iofina will continue to collaborate with the DNRC with the aim of achieving a successful outcome.


"The board is confident in its ability to meet requests brought forth in its January 30 meeting as well as any further requests that may arise in the interim."

hxxp://www.proactiveinvestors.co.uk/companies/news/65437/iofina-encouraged-by-montana-water-rights-meeting-65437.html

[sandbag] 03/2/2014 09:21

Josh,

I don't have my notes to hand but there are videos on the web showing existing pumping stations.

Basically you need a large pump (actually the more pumps the better for reliability)and filter(s) to suck the water out and send it to the filling station (only a matter of meters away I would suspect). Then a filling station with metering facilities for the road tankers. The ones shown on the web have no made-up roads even. All basic stuff.