Iofina Share Discussion Threads

[bocker01] 12/6/2014 10:34

Ammons, Lance expects an average of a little over 2 metric tonnes a day over a year. When some one asked what a little meant he did not really elaborate - just muttered something about being conservative. However, a key point made by Lance was that after the fracking programmes have finished waters and brines may well improve as they did with IO2. It would also seem logical, but not mentioned by Lance, that the first mobile would go in at IO2 were there is excess water and presumably an existing electricity and operator hook up - saving the best part of USD250k. Overall, I thnk 2 tonnes a day is sensible figure for 1 to 6 later this year. As circumstances change towards the end of the year (discounting winter), I got the strong impression that improvements in production would result.

[ammons] 12/6/2014 10:15

It appears to be the case from the AGM feedback that 700T per year is the most we will get with IO1 to 6 running at full throttle (at some future date) because of poor site location chosen by previous management in haste to get plant up and running. Except for IO2 and IO1 the test plant. Have I read that correctly?

[che7win] 12/6/2014 10:08

superg,
look forward to news re:

"On that point of io4 just hold on a while and I think IOF/Chesa have a cunning plan. "

Plant 6 not far away now either, one of the better ones?

[naphar] 12/6/2014 10:03

Lance's shareholding - testuser asked at the AGM and he said most of the 4.5m reduction had gone into family trusts, where the beneficiaries are people like his grandkids not yet born etc. In such arrangements, it means Lance no longer holds the beneficial interest, as he would if they were for the benefit of wife/kids, so not included in "his" holding.

Meb123 - yes plans for an IO7 came from Lance, site identified, but its not certain they would put it in. It would be an IO2 type site from the economics, so could well make sense with contracted partners in place to sell the iodine to. I think they could decide it makes sense to put mobiles at the potential IO7 site. Time will tell.

[superg1] 12/6/2014 09:57

Test

I did warn you lol

Meb

It's not on a hill. It's just the lie of the land combined with gravity fed systems.

On that point of io4 just hold on a while and I think IOF/Chesa have a cunning plan.

It's in the interest of Chesa and anyone else to maximise the capacity of SWDs anyway.

No idea what the io4 site SWD can take, but they can often be around 60k bpd.

The fact is OK has gone drilling mad and has very high water cuts (the highest anywhere) so more and more water is going to add into the web of pipelines.

[rogerbridge] 12/6/2014 09:46

Very interesting times ahead by the look of it.

SG, have you any timescale on the possible Japanese tie up?

The prilling solution was very smart.

Increases in production.

Pods in the pipeline.

Water, perhaps July

Bakken getting closer.

Almost like old times with good implementation of a well thought out strategy underway.

We should see a gradual rise as II's feel more confident about IOF's plans and strategy going forward.

[meb123] 12/6/2014 09:45

Re io4 , the previous RNS said it was maximised at 20,000 bpd . Does anyone know how much it is running at the momement given that it is 'on a hill' .

Also I think i read somewhere that they have plans for one more plant , ie io7 . Did that come from Lance ?

[beercapafn] 12/6/2014 09:27

nellyb

Covered in previous posts.

[superg1] 12/6/2014 09:27

Been covered.

Most of it has gone into trusts related to family, he did explain the US system in brief. so not a big sell off as some would have us believe.

[nellyb] 12/6/2014 09:08

did the subject of lance's share holding come up?

[superg1] 12/6/2014 07:41

Nap14

OT

On that CR thread they were mad about Nanoco (quantum dots). I did tell them that contrary to what the analysts put, nano were not the only company with cadmium free quantum dots, it was a very poor error by the broker/analyst.

I pointed out the US company and suggested the nano folk keep an eye on them or perhaps invest as the MC at the time was I believe around 40/50 plus times less than nano. Still 8 times lower currently even with the nano share price drop.

It turned out to be a good tip it seems.





Curently 4 to 5 times increase in the share price since I highlighted it to them, and if Q dots are so good, judging on their recent news, they will do very well.

Of course nano as the analyst says is the only company with them NOT. I haven't checked recently to see if the analysts ever spotted QMC

[1madmarky] 12/6/2014 07:14

Io 4 at full steam would be great. Lance seems to be sorting out the problems pdq.

[che7win] 12/6/2014 07:07

Nap,
Yes, some ignorant posts on CR, they really haven't a clue at the current situation.

[superg1] 12/6/2014 06:44

Nap
I saw some comment about the CEOs health, thus I don't go on there, otherwise I would probably overreact. I have no respect for any person that would make such a comment on something so serious.

I can think of a rather cutting response in return.

Moving on...

I can't post some things but those that matter have increased confidence in IOF after recent meetings. More going on today.

EG things about io4 are fixable near term.

[cyberbub] 11/6/2014 23:35

After all this positivity, it would be nice to start a run towards the 75-80p next resistance... here's hoping anyway...

GLA NAI

[napoleon 14th] 11/6/2014 23:20

Great thread - thanks for all the useful info & updates.

I don't do much, but try & put the bashers in their place on the CR thread.....

[superg1] 11/6/2014 21:47

No probs. Lance explained in during the presentation. I'm sure other points will pop up not covered, but back on that point I understand the spare capacity for prilling is well in excess of IOF's need for the next year or two.

What it does, which most may overlook is open doors to other markets. Prilling isn't just about upping margins, it's a preferred product in most cases.

So that 'can they find enough crystal iodine sales', has left the building they now have the full market available.

A shrewd move imo.

[dcgray21] 11/6/2014 21:25

Thanks SG - fully informative as usual . Much appreciated

[superg1] 11/6/2014 20:27

Dcgray

Re the prilling plant.

It was explained that someone ( I assume local) has the capacity to prill more iodine than they produce and IOF have done a deal with them and can/have prilled iodine.

The cost could not be disclosed as they have a non disclosure agreement.

Basically the cost involved is the same as the opex cost to do it themselves if they built a plant. Thus there is no point in spending $3mill building a plant when someone can do all they need for them at the same opex cost.

The gain for the partner is that it offsets their costs.

I covered that question many many moons ago, having looked at who is doing what locally, so have a fair idea who that would be, but won't mention them etc due to the above.

As posted recently there is a pdf for prilled iodine form Iofina on the site of Viachem.

Someone asked a good question yesterday and I'm not sure if it has been mentioned.

In the accounts it seems as if one customer covers half of all IOF chem div sales. Well IOF sell through A n other which is probably viachem. So the products are sold to multiple customers via a partner, so it's not what it seems on the risk side of sales etc.

EG pre most arriving here.



Mad you may be down but those chatting post AGM in other meetings, are not.

[dcgray21] 11/6/2014 18:40

Bobsworth - as mentioned in an earlier post I was sure Lance referenced the possibility of the $4m for the Prilling tower being financed by a third party and paid back in iodine . If that were to be the case and the third party were Japanese then happy days

[bobsworth] 11/6/2014 18:25

Sg1 – reference your post superg1 - 21975 of 21995

"Those mobiles imo will go in ASAP if Cosayach is on it's ass, and the Japanese will fall over themselves to sign a supply agreement."

I hope that turns out to be the case Sg because a supply deal with the Japanese right now would be just the tonic shareholders need after 18 months of setbacks and disappointments. Such a deal would speed up the making of Iofina as it would not only kick start their expansion program again it would quickly force the market to acknowledge that Iofina had become a very serious player in the supply of raw iodine.

Also the Japanese choosing to do business with Iofina in preference to the well established Chilean suppliers also speaks volumes of their confidence in Iofina as a guaranteed supplier .

The icing on the cake for me would be if such an agreement came with an upfront cash investment in Iofina to allow them to quickly finance the further role out of their mobiles.

Out of interest how was this Japanese supply interest revealed at the AGM? Was it part of Lance's presentation or did it come via questions asked by shareholders?

[madchick] 11/6/2014 18:14

sg - news about Japanese has been said before, hence no reaction. These things can take ages. If you'd have said LB was jumping up and down, fretting that it hadn't been done and dusted before the AGM because they ran out of ink, but well, by the end of this week at the latest, once he's run down to the newsagent to get a new pen - maybe that would have got more of a reaction (possibly a sceptical one, LOL)? I think we are all just resigned to waiting to see which things happen and which things don't.

BTW, mister big has now managed to save himself £1k, thanks to N not taking up the gauntlet. Having said that, we'd all have been richer had mister big been proven right, so you could say it's a lose-lose for everyone! (in pessimistic mode today, obviously!).