Iofina Share Discussion Threads

[count chris] 11/5/2014 20:01

Thanks for sharing Rugratz

[monty panesar] 11/5/2014 19:22

Thanks Rugrat. With IO6 construction to be finished any time what we don't know is whether it has consistent brines and if the site has mains electricity.

[rugrat2] 11/5/2014 19:17

In the last week or two GoogleEarth has replaced the satellite imagery for the northern part of Alfalfa County and part of Barber and Harper counties in Kansas with an image dated 1/12/2014. It covers the areas of Chesapeake leases feeding IO#4 and IO#6, both of which can be clearly seen in the early stages of construction.

IO#4 sited next to the Euprhates SWD has the tank bases laid, and the steelwork to support the blowoff tower being constructed (long/lat 36.840,-98.469). Unfortunately because of the bright sun low in the winter sky, there are some very long shadows which mask some of the detail. Two production well pads are at either end of the complex.

IO#6 at 36.8122,-98.4896 has a grader on site, levelling the stone surface of the pad. The Rio Grande SWD is on the eastern most pad of the three, with a production well pad between it and IO#6, and another across the road.
I have put together some screenshots from GoogleEarth and the IOF photo gallery on the following link:



The upper image covers about 10 miles E to W, and is IMO probably the effective feed area to the two SWD wells. Most of the white squares alongside the two roads EO120 and 140 are Chesapeake well pads, and when I last looked (probably a couple of weeks ago) there were four more wells permitted to feed IO#4 and six for IO#6 since the date of the image.

[engelo] 11/5/2014 19:10

SG (20918) thanks for comprehensive summary of Chile woes, and 2 v interesting links.

Potential massive Lithium resource in Wyoming (if Chileans know about it) must be a complete shock just when they thought things couldn't get any worse. As you say, the resource has very fortunate characteristics and sounds to me like a bonanza for someone, sometime. I suppose it will take time to raise funds, assemble the land package, get the permits, build the plant etc etc.

News on batteries amazing if really true: jump starting car battery from mobile phone I don't think I will live to see ;-)

OT anyone looking at IKA will know they're on a similar 'wonder battery' track.

[engelo] 11/5/2014 18:07

Gadolinium: thanks for the refined version from Zauba which is much more accurate :-) As you say, though, straws in the wind atm.

[n3tleylucas] 11/5/2014 14:41

So you've just proved you can be put out of business. Clever.

[gadolinium] 11/5/2014 14:31

Engelo,post 20915:

'Fwiw I keep an eye on the Zauba site which compiles tables of imports into India. They quote average iodine prices in US$ as Jan (44.65), Feb (41.15), Mar (39.45), Apr (38.78), early May (39.02)'

------------------------------------

I also like to keep an eye one this site, but am frustrated by the fact that iodine code HS-2801200 covers all grades of iodine from the very pure laboratory grades to 90% crude material and even includes iodine-povidone an iodine complex which contains only 10% iodine and sells at half the price of iodine. This distorts the average figures in their analysis data. I have now found that if I use the search term 'iodine 99.5' I can get figures which just relate 99.5% pure iodine, which I think corresponds more closely to the usual article of commerce.
Using this search term slightly different, but similar, figures are obtained to your post as follows:
US$ Jan (43.75), Feb (40.87), Mar (38.97), Apr (39.08) and May* to date (41.2).

Looking at these 'straws in the wind' it does seem Indian import prices are at least stabilising if not even hardening ever so slightly.

Edit: *only two shipments for May to date (08.05.14)

[superg1] 11/5/2014 10:33

Engelo

The Duperow and Nisku runs all the way under IOF's acreage as does the 3 forks.

In the last 12 months or so a growing number of companies have started to target it, including some in counties to the west and east, like Blaine, as you suggest. Montana exploration are in the header they are in Blaine too and seem to be around 20 miles from IOFs eastern edge going on lease names that I believe are linked to IOF (Hanna Oil, CSG partners, and others). It's often the case that old names are left in place on leases. EG. CSG partners leases sit right next to IOF wells.

So I'm keeping an eye on what those folk find. ME report finding 'live oil' in a vertical test.

Going into Southern Montana below IOF action re exploration drilling for oil is going on there, I will look up who is involved.

Iodine

Re that import data you found

'Fwiw I keep an eye on the Zauba site which compiles tables of imports into India. They quote average iodine prices in US$ as Jan (44.65), Feb (41.15), Mar (39.45), Apr (38.78), early May (39.02)'

I have directly asked who is responsible for the cheap iodine and this is what is suggested to be going on.

Cosayach back in 2011, fell foul of the law and had mines closed, as a result they lost customers. In the last year they have been increasing production and it' suspected they are struggling for both cash and customers. The previous customers lost faith in them. So it's suggested they have been selling to the likes of India and China under-cutting the other Chile folk to get the cash flow going.

So that import rate you see for India may well support the rumour above.

For Cosayach and others such prices are unsustainable.

I keep a watch for ay comments by Chile mines and the silence is deafening at the moment. Ioditech who have normally done a news report by now are silent too.

I can find nothing positive for Chile near term for iodine miners.

The list outstanding that may materially affect Chile production and price are below-:

Various fraud charges against SQM bosses.
Court case by a US city against SQM
Cases against the owner of Cosayach.
Tax to rise.
Changes in water laws, including the 150 litre per second rule, which would have a big impact on smaller mines and would be uncomfortable for SQM.
The general circs of the Tarapaca region. If the general strike surfaces then that may impact prices.
Reduced production by some has yet to be felt in the market.

Potash prices, a big interest for SQM are at levels of 5 years ago back then Chile labour and costs were cheap.

The plus for SQM is lithium, but lithium is abundant. Sirocco (now RB energy) are linked to lithium. The SQM share price bounced on the Tesla news. Tesla are US based, and the US imports 80% of it's lithium.

Look what the US just found in their back yard while studying a CO2 disposal area. Note all the fortunate factors that are linked to it, re magnesium content, Co2 revenue and all the soda ash they need a stones throw away.

If that resource is proved up and is commercially viable, another kick in the balls is coming for SQM in the future.




But then are we going to need that much lithium, when reports like this appear



It sounds impossible for such power and circs to be created, but then I think of what finger nail sized computer chip can do

'Though they be but little, they are fierce. The most powerful batteries on the planet are only a few millimeters in size, yet they pack such a punch that a driver could use a cellphone powered by these batteries to jump-start a dead car battery – and then recharge the phone in the blink of an eye.

With so much power, the batteries could enable sensors or radio signals that broadcast 30 times farther, or devices 30 times smaller. The batteries are rechargeable and can charge 1,000 times faster than competing technologies – imagine juicing up a credit-card-thin phone in less than a second. In addition to consumer electronics, medical devices, lasers, sensors and other applications could see leaps forward in technology with such power sources available.'

[engelo] 10/5/2014 01:11

SG: Montana Exploration refers to Bowes field south of them as supporting prospectivity of their acreage.

Citation OIl and Gas seem to be working hard in Blaine county. They have just achieved a new drilling permit in Bowes aiming for the Duperow:



As of Jan 2014 they state 32 active wells, but in the detailed list (don't know individual timeframes), 3 are producing, 10 are active injection, 1 is 'P&A approved' and 36 shut in.

[engelo] 09/5/2014 20:03

Iodine price: SG has said expected price to be stable in 2014. Fwiw gl originally said expected to rise in H2. Imho reading the Chile horror stories detailed by SG I'd put my money on gl in this case ;-)

Fwiw I keep an eye on the Zauba site which compiles tables of imports into India. They quote average iodine prices in US$ as Jan (44.65), Feb (41.15), Mar (39.45), Apr (38.78), early May (39.02)

Don't normally keep an eye on currencies or understand the impact but evidently the dollar is very weak against the £ atm.

[n3tleylucas] 09/5/2014 10:29

Microline,

tbh I'm surprised it took them so long to become bearish. Mind you, @250 I felt kind of alone! lol

They take a view, and if EK et al want to short they will. It's the market, don't see it as a personal attack. They get things wrong too.

[superg1] 09/5/2014 10:19

Dig

It only came up as he came back. I doubt that happens too many times either where ex Bod members return return.

One that left some time back still has all of his I hear

[n3tleylucas] 09/5/2014 10:02

Microline,

I believe there is an-auto spam block that kicks-in on rival publications, whereas in-house offerings are obviously okay. Remember this is a PLC, and obviously commercial interests are important. Best practice? Look, I'm not the one making a massive deal of Lance's sale, in fact I rather think he had good personal reasons to sell some.

[diggulden] 09/5/2014 09:55

'There are numerous examples on many shares where the 1% trigger changes have not been reported via rns.'

Not that many examples when half of the ex CEO's shares are moved/sold though.

[masurenguy] 09/5/2014 09:22

che7win - 20905: Mas, now you have me puzzled, surely Panacea should be leveraging on BRT's customers, growing the book? BRT was short of finance to expand the portfolio book, don't know whey they would be investing elsewhere.

Fay, Gardner-Chase & Banks appear to have a common interest in IOF and BRT.

[superg1] 09/5/2014 09:11

Apols TFC been busy and missed that.

I see the sold share debate continues. I have no doubt whatsoever that Investec were aware of the disposal and move of shares, as they commented on it in a circular some time back.

It's not exclusive to this share, many I follow seem to rarely fully comply with the 1% crossing points (above 3%). however that's an assumption as perhaps the shareholders in those cases did comply but no holding rns came out from the nomad

The obligation is for the shareholder to inform the company, and the company to pass that on. In this particular case it happened.

There are numerous examples on many shares where the 1% trigger changes have not been reported via rns.

In this case as said I'm assured the nomad was aware, we weren't.

[the fat controller] 09/5/2014 08:36

Could we have the graphs back please?
TFC

[che7win] 09/5/2014 08:27

Mas,
now you have me puzzled, surely Panacea should be leveraging on BRT's customers, growing the book?

BRT was short of finance to expand the portfolio book, don't know whey they would be investing elsewhere.

[masurenguy] 09/5/2014 08:10

che7win - 20902: Mas, Would you start a rival van insurance business in direct competition with brt and hire a lot of the key staff from brt but still hold some shares below notifiable?

29th April 2014: Iofina......is pleased to announce that it has completed a US$5 million unsecured convertible bond to be issued to Panacea Limited (the "Bond").

mister big - 4 May'14 - 20676: hi lender of last resort here

"Panacea Finance is part of the Brightside Group plc."

[orslega] 09/5/2014 07:46

LB shareholding - the question was asked and that is the answer given - it is up to the Nomad to decide whether, with the reported information provided, whether an RNS is necessary. The inference being that LB still has control over those shares transferred.

[che7win] 09/5/2014 07:34

Mas, Would you start a rival van insurance business in direct competition with brt and hire a lot of the key staff from brt but still hold some shares below notifiable?

[masurenguy] 09/5/2014 01:15

che7win - 20880: Mr big sold out of brt a while ago if im not mistaken

orslega - 20881: che - you are correct

There is no published evidence to indicate that Arron Banks sold out of BRT. He sold circa 27.5m shares to Markerstudy in January last year which still left him holding circa 6.3m shares at that time. Since that number was below the 3% notifiable threshold there was no further requirement upon him to report any further sale or subsequent shareholding.