Iofina Share Discussion Threads

[arlington chetwynd talbot] 30/7/2014 11:38

Mr Meb123 - Yes, an assumption is made based on production level, costs and whatever contract prices are prevailing from the distributor/market - regardless of the time-lag to receiving monies. The assumption of profitability is not actual profitability though. Many a slip twixt cup & lip ;)

[meb123] 30/7/2014 11:36

Thanks SG , much appreciated and useful info

[rogerbridge] 30/7/2014 11:10

Point taken Che, I am as keen as anyone to know of progress.

[superg1] 30/7/2014 11:07

meb

There are various sources of iodine around the world but very few of commercial quantities to make it viable.

EG Russian brines at best go up 35 ppm. Japan is 100ppm plus, but that resource is on the slide after 50 years of gas production. To keep things ticking along they have added recycling. IOF do that but it's their highest cost production which they will drop, probably as soon as io5 and 6 are running. That production does not get added in production updates. It's only about 5mt per month.

Turkmenistan I believe has some high ppms but not the infrastructure or means to have a serious affect on the market. In fact they put out a tender a few years back for someone to build an iodine plant for 500mt per year, but they have been saying that for years. I hear they couldn't get the cash together.

On that front I had a little look at Dragon oil, but as a result of your posts did a quick search on Turkmenistan and this is what popped up.



The US have just earmarked Turkmenistan as a potential area ready to blow, it's the first time they have done it. Having spotted that I zipped over to the Dragon Oil chart to find it's on it's bottom of a channel probably set to go back to the peak, so I'll be keeping an eye on Dragon oil, Turkmenistan and the share price I suppose it depends how much oil they are currently producing in Turkmenistan.

Here is the tender link (it never came about)

[meb123] 30/7/2014 10:58

Question...
This is the link that SG gave a little earlier on imports to India for ease of convenience

hxxps://www.zauba.com/import-CRUDE+IODINE-hs-code.html

Can anyone hazard a guess why there appears to be a fair mount of crude iodine being exported into India from Turkmenistan and Indonesia . I thought the substantial players were just in Chili and Japan ?
Cheers
Meb

[che7win] 30/7/2014 10:29

Roger,
Your timescale may well be correct but I think we have a right to know as soon as plants 5 and 6 are up and running, because we need confidence that 'new' management can deliver, unlike previously.

We were told plant 6 was on schedule for end of June, then that was moved to last week, the date has past and no news. Are the plants running or not?

If employees and locals around IOF know two new plants are running (because they will), shouldn't the market? The market seems to know something, or does it...???

I expect timely news updates as plant roll outs are significant at this stage.

For now, plants 5 and 6 are a 50% increase in full scale plant capacity, that takes us to yearly 700mt output and beyond.

IOF is a young company, we need regular updates as has been the case these past few months.

[rogerbridge] 30/7/2014 10:09

I am not expecting an rns until the back end of next week. I do not understand why the need to rush something out.

[meb123] 30/7/2014 09:26

Interesting info on that link. Curious to see india importing from places such as Turminstan and Indonesia . Are there any more producers outside Chile and Japan ?

[1madmarky] 30/7/2014 09:21

Re the virtual silence... Probably a desire not to jinx oneself! 0:)

[superg1] 30/7/2014 09:21

It seems India have a few sites where it can be viewed, searching on 'iodine exports' tends to throw up a few, all India based. That site was Zauba

[mister big] 30/7/2014 09:15

Hi super g
I'm curious about the last link
Showing iodine prices where did you find this .
A

[superg1] 30/7/2014 08:56

Cyber

It's a funny old game, a drop to mid 40's recently and the slanging matches started.

A bounce above 50p which we had been stuck at, and virtual silence.

Conspiracy theories are only valid when it's going down it seems.

As posted recently the sellers everyone seemed worried about were bored PIs and apparently 3 mms selling 1 mill leaving them with zero. So logic suggested the supply would tighten up especially as we move towards potential io5/6 complete and the next production update.

Going in io5/6 complete and lack of an rns, I try to think what a nomad would do.

Io5/6 currently complete. An rns said has already recently stated that they would be complete by now so there is no need to release and rns.

io5/6 not complete, but due for completion shortly, no need to report.

For both of the above it can be released in production update news, which could include an indication of rates overall if io5 and 6 are contributing.

Material delay, then I hope it's not too much to have expected that to have been announced by now.

That said the cut off date was the W/E, then comes the draft rns, send to the nomad, blah blah blah, so it can take many days from writing an rns to the actual release of it.

But for those chart folk that say the chart forecasts the news, then all looks fine.

[freshvoice] 30/7/2014 08:52

I can positively say
The production volume for July has been a record
















For the month of July







Exceeding the total for last July by a significant amount!

[meb123] 30/7/2014 08:44

Mr ACT, most listed companies employ management accountants whose job it is keep management appraised of perormance . Quite simply they know what they are selling at, they know what the production costs are and the value of their inventories as well as admin costs . A decent accountant will be able to apportion costs and revenue appropriately to a granular level, ie each plant and determine whether a plant is profitable or not . I deal with accountants all the time at work , they have their uses:-)

[cyberbub] 30/7/2014 08:42

Buying at 54p now...GLA

[arlington chetwynd talbot] 29/7/2014 23:42

How can plants be described as profitable on a monthly basis when there is clearly a multi-month wait for that month's product to be manufactured and sold? Can someone kindly clear-up this reporting error before I make a complaint to the stock exchange?

[superg1] 29/7/2014 22:31

I see the price v mid month for 1 mt seems to have risen about 5% from Chile.

It seems to translate to about $39/ $40 per kg. Interesting given the recent Cosayach events. Worth keeping an eye on perhaps.

[arlington chetwynd talbot] 29/7/2014 18:48

If someone is about to be outed, then isn't it human nature to watch what happens?

[spike_1] 29/7/2014 18:46

Arlbotty: unless you were Nettles why would you care?

[arlington chetwynd talbot] 29/7/2014 18:43

'it is well documented who he actually is'

Who are we talking about? Do enlighten us about all this well documentation ;)

[monty panesar] 29/7/2014 18:26

Seems pretty pointless Chetters changing his alias since it is well documented who he actually is.

[superg1] 29/7/2014 18:18

I won't go there Bog but 'too challenging' is like saying Jimmy Saville was just having a bit of fun.

That's the last I'll say on the topic, but can you kindly engage him on his own thread.

[bogg1e] 29/7/2014 17:59

If new drilling sites are going in near or around IOFs acreage, why would IOF not have been approached for a partnership? I could understand why they wouldnt pursue it themselves atm, staff cuts, back to basics iodine production is their main focus for now. But surely the O&Gs are aware of thier potential?

[gwinear] 29/7/2014 17:40

I guess it is called the Torquay formation because it is from the Devonian period?

[superg1] 29/7/2014 17:16

I'm not sure which oil bit to pick on up Montana ND, and into Canada as there are good results popping up all over the place.

As for the fracking doomster predictions-:



Come on IOF get that hearing sorted.

A small player which shows in the link an easy understanding of three forks results v Bakken wells for them. 3 forks wins the day.

Some are calling the 3 forks the torquay formation so you know what that is should you see it anywhere.