Iofina Share Discussion Threads

[superg1] 09/8/2014 19:08

You may want to read this. I did mention in recent times that slickwater fracking was on the way back. Basically it's an old method of a lot more water and less chemicals.



The relevance is that the water frack chemical mix was around 100k barrels per well but was heading to 50k.

With 'slickwater' they use around 100k to 200k barrels to frack a well.

They are seeing good results, so it seems it may become the preferred method.

[rogerbridge] 09/8/2014 15:32

Nice work SG.
I am not concerned regarding any rns. We are in no danger of going under.
If management have been busy with water or negotiations with Japanese, or whatever else, that could have taken priority.
I am looking for an rns with plenty of detail with regard to production, chemical division, news about pods and future guidance.

[superg1] 09/8/2014 14:13

More on the water which includes a comment on costs.

I don't think the author here is aware of the 150 rule Over 150 litres per second and you need to use seawater), I spotted it earlier in the year.



Thursday, August 7, 2014 23:29

In Chile freshwater is free for the mining and sea water is an expensive option



"While we have the system of private ownership of water and the concentration of water rights in the hands of the mining companies will be very difficult to change. Because miners have today free water and it will not be easy, if no political decision that a mining you are using fresh water, free water, which gives it the state is changed to desalinate because that means raising costs significantly. "

As luck would have it, they specifically mention a vulnerable region Tarapaca, where most of the iodine mining in Chile takes place.

"Then, the use of sea water for mining operations, becomes an opportunity to reduce the damage to watersheds, such as extinction practice Loa river or industry in Lagunillas wetlands in the region of Tarapaca and other cases that shake the north-central Chile."

[superg1] 09/8/2014 11:52

Chile water laws

Some bits are starting to break through but I'm busy. It's been brewing for a while on the changes as many of the big mining companies had gobbled up the rights leaving the indigenous people short of drinking water let alone irrigation water.

The government plan it seems is to re-take control of water.

I'm busy so can't do much on it right now, but I thought this paragraph tells you the laws will be brought in.

'Just a couple of days of discussion on the site Senadorvirtual.cl , the statute already has over 615 preferences against 28 rejections and 18 abstentions, exceeding the 95% support. One of the key ideas is more support which points to the possibility that the state should "ensure the right to water and access and quantity sufficient to meet the basic needs of individual and collective character", with 627 votes in favor.'


Note SQM's risk comment re any change in water laws, I'll come back to that later, but I do suspect these water laws coming in are going to impact them heavily as around 70% of their iodine production at Neuve Victoria is covered by fresh water rights at 570 litres per second.

As we know Cosayach were illegally using 400 litres per second.

[superg1] 09/8/2014 11:34

I don't like to drop in comments without reference.

So to cover the Avanti 'dirt'.

On Dec 3rd 2010 the Avanti directors sold around 650k shares at £7.01 each from the employee benefit scheme.

6 days later the government as part of forecast plans declared the closure of the Tax loophole with immediate effect.

The CEO benefitted for over 400k of those or £3 million TAX FREE.

Meanwhile PIs and others had been throwing their cash at Avanti as Bulford and brokers were screaming £20 plus per share.

In fact I understand the CEO pre sale of those shares was saying £25 per share publicly, for 3 forecast satellites, with 1 launched.

That without dilution (since happened) would have given them the same market cap as Eutel who had 33 satellites already in the air.

It was the most blatant short on the market, and I wish I had done so.

So the directors pocketed around £4.5 mill tax free, just before the law stopped the tax free loophole, coincidence !!!!!! not imo

[trav5] 09/8/2014 08:03

Mr Big,
Last post on this subject re-convertable loans at Manx Financial a huge amount of the money raised was unfortunately not spent on expanding the banks lending but on the ill judged purchase of Edgewater of which I am sure your fully aware of.

[mister big] 09/8/2014 03:47

I have no basis for thinking this but maybe the rns is slow because they are very close to hooking up the power to the io and want to release news of production and new io going live ?

[festario] 09/8/2014 01:19

Spike, simmer down old chap.
I made that remark for 2 reasons.
Firstly, because I am naturally suspicious, and because we are overdue a bad RNS from IOF, the type which brought us down from 247p to 23p.... so I simply wondered (from a paranoid perspective) if perhaps, IO5 was still not operational, and we had a disappointment in store?

The other reason for posting, was to deflect the discussion away from NON IOF matters, and BACK to IOF matters, i.e away from the STM debate, which I feel partly responsible for raising in the firs place.

If you believe that I have any knowledge of IOF that you don't. then I have to say that YOU are the paranoid one, not me.
I am simply a battered and bruised IOF investor living in North Wales, hoping for the best.

[mister big] 09/8/2014 00:50

The convertible issue is an interesting one and very relevent to IOF . In Manx case , it had no capital to expand it's lending after the. 2008 banking crisis , so main shareholders lent it to the bank ( Goldman Sachs had to borrow from buffet at 10%! ) . Net result business is booming and record results - value created .
This dog in the Manger attitude is not very logical - a better finances business with long term capital has more Chance of success. .

[spike_1] 08/8/2014 23:25

malachey:re: I don't think fest has any reason to doubt the progress of I05.

The fact is he HAS doubted it (with or without any apparent reason). Your suggestion (with respect) that he is steering conversation away from STM, has no relevance.

Either he knows something others don't know, or he doesn't. Simple!

If he does, then put up. Otherwise shut up!

My honest opinion of Fest is that he believed the hype (as did I), but now has to find someone else to blame, which I can totally understand.

But to display an almost constant angst-ridden, victimised persona (depression?) achieves what exactly??

Best wishes - to you and Fest.

[trav5] 08/8/2014 23:13

I would be extremely wary of Mr Big's tip for Manx Financial if ever a company was being run for the benefit of the Director's this it! Generous conversion loans, not happy with that even more generous warrants attached, and large salaries. IMO you want a Board that jealously guards the Companies equity for the benefit of shareholders not a Board diluting the equity for their own benefit!

[malachey] 08/8/2014 22:55

I guess the next update will also include official confirmation that the water hearing has taken place. Interesting that they didn't rns it at the time. If I had to guess I would say IOF decided to stay as quiet about the water application as possible this time, as it was pi's hassling the Montana water folks with phone calls that helped put IOF in their bad books and thus get the preliminary permit denial in the first place.
Quite rightly all the pi focus is on iodine these days, and I hope it stays that way - I'll count the water chicken if/when it hatches. Having said that, I believe if the water permit were to be denied at this point then it would only cause a brief sell off, as we have already taken the hit on that when it was originally denied - so there is a much greater upside than downside on water news.

Anyway, the only water news I'm interested in this weekend is when it will stop raining - I've got flowerbeds to weed!

P.S. I don't think fest has any reason to doubt the progress of I05 - I think he was just trying to steer the conversation away from STM and annoying font guy.

Have a good weekend all.
Malachey

[spike_1] 08/8/2014 21:56

Fest: re: does anyone have the nasty feeling that IO5 is still not hooked up?
I consider that news to be price sensitive, and we should have been told either way.

I assume you know know something that others don't (including myself and sg for instance).

Having introduced a degree of mistrust and fear, perhaps you would care to enlighten us? (I'm not saying you are wrong - but if true is news to me).

Please go ahead and reveal all - we are big boys and can take another disappointment - if true.

Best wishes - Mike

[mister big] 08/8/2014 21:52

Hi super g
I think the mm were accumulating stock and this maybe for an institution taking a position - so inclined to agree with that comment .
A

[superg1] 08/8/2014 21:39

fest

Not using scare tactics to get the 50k back lower are you ??

Just joking.

What will be will be in plants, as someone said that will be down to the electric company.

I've been pleasantly surprised to learn the hearing is done and we are already 3 1/2 weeks into the decision making period.

It is rather more pleasant waiting for the outcome from a lower price. I did say 6 plants running and the issue of the water permit and buying under 75p would be brilliant.

Very little risk in the bet imo, especially if July has gone ok with io5 and 6 done or ready to go.

50 plus mt per month imo is where the instis will start to take interest, but it seems like someone jumped the gun on that in the last week or so.

Chile water laws must be due soon.

[bogg1e] 08/8/2014 21:21

Even so, IO6 is the biggy.

[monty panesar] 08/8/2014 20:29

The only thing that is price sensitive on the production side is if they are going to produce less than 400t this year. How they get to that figure is irrelevant. To get to 400t for the year they only need to do around 42t per month from now on which should be comfortably done IMHO.

Festario   8 Aug'14 - 13:37 - 23438 of 23494 1 3

Hmmm. I see that everyone has joined me in being irritated by Measuring Gay's use of formats and fonts.
I was told to shut up by several on here when I last raised it.
By the way, Thanks to Mr B for answering re STM.
I won't be investing, as my own 'illiquid' favourite GVC, has the lions share of my funds and due to 10% yield each year. Can't touch that!

Back to IOF now, and does anyone have the nasty feeling that IO5 is still not hooked up?
I consider that news to be price sensitive, and we should have been told either way.

[mister big] 08/8/2014 20:26

Festario - I believe the company did that to you not me !
They over expanded and cut corners , shorting merely realigned the price to where the fundamentals were . So not a case of mea culpa !
Enjoy the weekend !

[superg1] 08/8/2014 19:50

Spider Rosie says it all.

[spike_1] 08/8/2014 18:28

There once was a curate from King's ......... I'll get my coat ;0)

[freshvoice] 08/8/2014 18:19

If only the truth were always told Mr B as you suggest.
Where would all the politicians be?

LOL