Iofina Share Discussion Threads

[engelo] 28/2/2014 21:54

supreme mo: 'the spadework has already been done'. Exactly so: the rollout programme should be very steady and predictable from now as there will be no new barriers to overcome.

ansana: I read your post too! Imo the weather story fits in with GL's approach very well: he built in plenty of contingency (as we thought) but it was all used up by the arctic ice storm and even so they nearly made it.

Lets hope that the storm is the last in a string of bad luck that IOF have had over the last 6 months.

[monty panesar] 28/2/2014 21:54

If these iodine plants were being built in the UK I think with all the planning regs etc it would take 2-3x the time to put up. Despite the delays the build time is still v impressive IMHO.

[superg1] 28/2/2014 21:33

Not really Rikki, I think you'll find IOF and funds have found things out from PIs at times. Not just on this share, all from putting in a bit of effort.

As mentioned previously I have found a document or two relating to some shares that would be of great interest to investors, but the hassle from sharing it isn't worth it.

So nowadays it's sit back and watch the fun or chaos on the relevant share.

[tim3416] 28/2/2014 21:12

Great to see the updated pictures on the Iofina website. They are a real reminder of what they are doing out there and what we are invested in. Iofina have made real progress during the last few weeks in spite of the arctic conditions. This share has been unfairly battered at every opportunity over the last few months and it is nice to see some positivity returning to the board and the share price reacting accordingly. With more good news due soon things will only improve.

[rikivilla] 28/2/2014 21:10

You make me laugh Superg,really.
"We'll that's where knowing about some of the inner workings help"
For the ill informed that should read - "i am being fed all this info by one of the major shareholders - no guesses who and have played you all for fools"
As you know Superg - if you dig hard enough you find out all sorts of stuff!

[yorkshiret] 28/2/2014 21:06

Gobigred - thanks for the nod on the pictures.

I'm really impressed with them. Just look what has been achieved between 16 January and 28 February - (30 working days in harsh weather conditions).

What a shame they weren't available to accompany this morning's RNS. Would have added a lot more meat on the bone for the potential IOF investor.

IO6 is a lot further on than I anticipated when I read this morning's RNS.

[supreme mo] 28/2/2014 20:27

Still here and invested. Very steady RNS. I genuinely didn't know what to expect with the price this morning, but 1 day's movement is irrelevant as I am fully bought in to the business plan for the medium term here.

It is clear we are making progress and in a matter of weeks we will have our 5th plant churning out iodine on a daily basis, yes, that's IO1, IO2, IO3, IO4 and IO5!!!

I cannot emphasise how de-risked this business will be with 5 plants up and running. Look at it like a share portfolio - 100% of money in 1 company is ultra high risk, 100% of money in 5 companies reduces the exposure significantly. We have been hugely dependent on 1 plant (IO2 the biggie)for the last year and so when it needed essential maintenance it drastically impacted production numbers. With 5 plants, the company can be more choosy as to when essential maintenance occurs to minimise disruption/down time.

To be honest I'm not expecting much from the q1 update (limited IO3 contribution, bad weather, IO2 clean up), but I am very much looking forward to the Q2 numbers and expect these to be much much better. For those which are still pessimistic, just bear this in mind before the Q1 update comes out.

I guess the nervousness amongst the city people was because of the huge time lag between building IO2 and IO3 (what was it 6-8 months??) and perhaps they thought it would take an age to build the next plant and that the aggressive cash generative model which was first promised to them wasn't quite what it seems... But that statement today illustrates to them that IOF can deliver a multi-build operation and that the pieces of the jigsaw are slowly but surely coming together. Just think where IOF will be this time next year... the spade work has been done now.

Surely the worst of the winter is behind us and IOF can make hay while the sun shines. Perhaps one of the key learnings now 5 plants are built is to avoid building work in the winter so maybe going forward plan any plant builds between March and October?? We shall see.

If you had said to me this time last year with 5 plants up and running we would be at 75p I would have laughed, but we are where we are and despite what has happened I'm still very optimistic and happy to ride this out.

I'm off to play poker and have a beer or 5 ;-)!! I will say 'Hic' in advance! Have a good weekend all.

[bobsworth] 28/2/2014 19:06

Great Pictures and this rate we will soon be seeing pictures of 7,8 and 9 + mobiles!

[hew] 28/2/2014 18:48

Glad to see the pics. Some are worth more than thousand words.

[gobigred303] 28/2/2014 18:18

New pictures on the website.

[superg1] 28/2/2014 17:38

'Regulatory approval' what is that?

Well that's where knowing about some of the inner workings help.

Just to cover a few potential points (these are just the ones I know of from reading)

Io2 as I recall had to have some pipelines signed off by the authorities.

Brine leases will obviously be in place.

On io3 they mentioned signing over the brine from the oil company to IOF.

Then we have air quality permits, and DEA permits (all US iodine producing plants need a permit from them).

I assume there are other permits besides air quality, and no doubt some sort of checking by authorities re potential spill hazards re environmental issues, or permits/certificates in relation to the environmental lot. Fire hazards and risks. Health and safety.

I would imagine the list is quite lengthy, but you get the idea, re regulatory approval.

[bobsworth] 28/2/2014 17:36

johncsimpson

Whats the betting he will not be around for too much longer!

[rogerbridge] 28/2/2014 16:54

A very pleasing day and now looking good for the future.Water news would be the cream on the cake.

[roboben] 28/2/2014 16:47

Just got back in and caught up with the posts.

I didn't mean to imply that I don't think there will be a set of production figures for Q1. Clumsy on my part. I should have mentioned both Q1 and Q2.

It's just that I think that the Q2 figures might be quite impressive!

[johncsimpson] 28/2/2014 16:43

Bobsworth 28 Feb'14 - 16:34 - 16524 of 16524 0 0

15:15 47,132 Buy

That's SHONNY mate on behalf of Ennismore - finally chucked in the towel.

[bobsworth] 28/2/2014 16:34

15:15 47,132 Buy

[che7win] 28/2/2014 16:32

Yes, that bodes well for the future roll out.

[ansana] 28/2/2014 16:24

Che7win at last someone read one of my posts! I think that tells us a great deal, the plant was ready for the brine tie up in early Feb. Its interesting how the weather, whether its in Ok or in the Uk has caused enormous financial problems for people and Businesses. Sounds like the construction teams are getting pretty good at their job as well as the "experienced start up teams".

[che7win] 28/2/2014 16:09

Ansana,
that's amazing news, so IOF were ahead of their game plan, nice to hear.

[johncsimpson] 28/2/2014 16:03

freshvoice - He certainly did, he certainly did - (see my post 16494 of earlier).

Ansana - Leave SHONNY alone and go and stand on the naughty step.

[ammons] 28/2/2014 16:00

I agree monts. They need to give steady reliable figures with kinks in newly producing plant ironed out. Figures from which one can extrapolate. 6 plant will do "X", therefore it is likely that 9 plant will produce "Y".

[ansana] 28/2/2014 15:59

Did Shonny get something wrong? We should be recognising that IO4 was ready to go in early Feb and that step by step these reports of real progress like the RNS today will gradually stack up renewed confidence and interest in IOF. IMO we need the company to RNS the commissioning of the units, that will wake the market up and make this Shonny you keep talking about run away.

[freshvoice] 28/2/2014 15:53

John
No Shonny didn't say 70p!

He said heading to 60p earlier in the week