Iofina Share Discussion Threads

[rhwillcol] 29/4/2014 12:36

According to the Royal Horticultural Society, the Dead Nettle (Lamium maculatum) only has a "beginner" skill level. It seems to thrive in shade or partial shade and, importantly, the optimal time to cut it off is from April to June. Well, the timing couldn't be more perfect.

[engelo] 29/4/2014 12:33

Minis: afaict there is work to be done to get these going.

Believe design complete (at last). However need to get competitive tenders, place order(s), await delivery, then instal and test.

Tackems (a bit ago) believe the minis create an intermediate product that then goes to a main plant for crystallisation.

Could be mistaken or out of date on any of this. Anyone know more detail? tia

[superg1] 29/4/2014 12:33

I missed the Chesa frack schedule and the fact the water bureau had a poisonous dragon within.

I assumed the new SWD sites io3 to 6 were the result of drilling not that drilling was due to go on around them. George did tell us all was OK so I took it as read. The switch to Chesa didn't go unnoticed, but I assumed disruption elsewhere for the move.

I thought it logical to target high ppm sites, even if disrupted they even produce as much as a full plant disrupted on lower ppm, thus making them viable on costs to keep going.

Chile are easier to follow, SQM have to at some point show their dirty washing in results, so then that can be compared to actual events rather than guessing.

No mention for the 150 pending rule, which if passed, means all those water rights are useless and $250 mill needed with higher opex to stand still.

Interestingly gross margins on iodine didn't change much from prices of $34 per kg 2 years ago to $50 per kg in 2013, so it shows how Chile costs are affecting them.

Roll on the 150 law I say. The big miners have already gone that way. Some iodine producers can't afford to go the seawater route so may be forced to reduce production to stay under the 150 rule.

[1madmarky] 29/4/2014 12:33

Madchick, I would like any large IO plant to be away from the others in an area that has been fracked to hopefully avoid a repeat of our current predicament.

[bogg1e] 29/4/2014 12:22

Regarding the agm, i stated the 30th June, i should have stated by the 30th. Last year was 19th june. TDWaterhouse doesnt have an exact date for the agm yet so i assume it is still to be decided.

[n3tleylucas] 29/4/2014 12:20

You have been saved by 2 bail-outs... laugh out loud?

[phoenixs] 29/4/2014 12:18

20469, that's funny.

[n3tleylucas] 29/4/2014 12:17

You ramping filth have destroyed lives.

You have been bailed-out by Arron Banks...

[phoenixs] 29/4/2014 12:11

...and I for one am very thankful to superg1 for all the hard work, analysis, trawling and searching that he has done in respect of Iofina.

[phoenixs] 29/4/2014 12:03

Nutters, please, please, you are losing it or have lost it. Analysis please. No need for the rant if your analysis stands up to scrutiny.

[n3tleylucas] 29/4/2014 11:57

The stock is 42p ffs!

[madchick] 29/4/2014 11:54

1MadM - I agree. Let's get one of those mobiles tested and tweaked.

The plan per today's RNS "it allows us to look at further expansion through the construction of mobile units or plants similar to IO#2, both of which would be expected to be accretive to earnings"

I see maybe one test mobile and one plant in a location with pretty much guaranteed brine (maybe near IO.2 where brine issues are sorted, I believe). That way, should the mobile fail in the interim, the new plant will be almost ready to go. If the mobile performs well, press ahead with mobiles for a while.

I wonder whether today's bond could be done and dusted already this year (if we reach a stable 80p)?

[superg1] 29/4/2014 11:52

Pheonix

it's the long term goal, always has been. I don't know of any other sector so dominated by a few players, who face such tough times in the future.

EG (loads yet to be read).

SQM report their cut off grades as n0w 300ppm, that will climb each year as costs rise. One mine had proven reserves around the 370 mark.

They stopped operations at their iris plant in Nov 2013.

In risks they talk of their water rights situation (if the law changes) may severely affect their operations. For one area they have rights to 570 litres per second.

Here comes the likely law change.



SQM fail to mention that in risks, and analysts have completely missed it.

Much of their production comes from one area at the moment, and it seems to have a 7 year life listed against it.

If they are forced to go the seawater route, then opex will go up so will cut off grades. So the 370 mine may fold.

Furthermore some mines have gone below their cut off grade for nitrates. Nitrates offset iodine costs and vice versa.

Even the best mines have grades of 7% nitrates with a 6 % cut off grade.

Lot's to look through. 5% tax increase will knock them as will seawater pipelines. The 150 litre rule could be very damaging for them and looking at all the other Chile news re water, it seems certain to happen.

Hence with all of this, regardless of short term downward pressure on iodine prices, something will have to give, either the iodine price up, or eventually some Chile mines out of business which will have the desired price rise result.

[angel of the north] 29/4/2014 11:51

Narcissistic personality disorder is a mental disorder in which people have an inflated sense of their own importance and a deep need for admiration. Those with narcissistic personality disorder believe that they're superior to others and have little regard for other people's feelings. But behind this mask of ultra-confidence lies a fragile self-esteem, vulnerable to the slightest criticism.

[n3tleylucas] 29/4/2014 11:48

See this play was never about discovery... it was about turning a good IP into cash.

Make some money.

Or Arron will lose his shirt.

[phoenixs] 29/4/2014 11:47

nutters, now you are being very stupid, not just stupid.

Please analyse and put on this board the figures of your assumptions or do you not know how to?

[n3tleylucas] 29/4/2014 11:45

You can't make money.

[phoenixs] 29/4/2014 11:43

.....and what real evidence do you have to support your assumptions.... and please do not be stupid.

[che7win] 29/4/2014 11:43

Bob,
excellent post.

[1madmarky] 29/4/2014 11:43

I would prefer the mobile route. Less capital and if someone wants to turn the brine off, just move. It is a step we need to make. Just get one out in the field, test it, run it, find and understand the issues (there will be issues and problems to overcome). Once happy with the rate of return, buy more.

[n3tleylucas] 29/4/2014 11:41

phoenixs,

He is wrong.

[phoenixs] 29/4/2014 11:39

Nutters, Its the start of the end of you mate and I think so say most of us. AB doesn't invest for love, of that I am sure.

[n3tleylucas] 29/4/2014 11:34

Drinking heavily atm nelly, a very enlightening morning.