Iofina Share Discussion Threads

[woolybanana] 07/10/2014 10:10

Maybe Mr Big will stump up the money to pump-prime the JV?

[serratia] 07/10/2014 09:59

The pdf below shows ND water use by fraccing, irrigation etc as at Feb 2014. I think we expect 3622(?)acre feet. IF we get two more approvals eventually this will be about 70% of the above dates ND fraccing use.

hxxp://www.swc.nd.gov/4dlink9/4dcgi/getcontentpdf/pb-2419/fact%20sheet.pdf

[superg1] 07/10/2014 09:52

The bear headache.

20p no cash, fund raise. No..... $7.5 mill now and a chunk in receivables due.

Can't sell excess iodine. No.....supply deals sitting on the desk for any excess should they choose to go that way.

Admin costs said to drop by 1.5m to 2 mill in H2 due to all the reshaping.

Fracking looking like it will drop off in Q4 meaning higher production rates


They won't get the permit. We'll see, first part sorted, bureau already accept there is no adverse effect. Did you know all affected water rights get listed in the application process? Door opens to a JV and maybe a cash lump sum just like they spelt out once before. They have to be valid objections, no rights objection to an adverse effect on the Missouri can possibly be valid. The water is legally available. Those objections tend to only carry weight re ground water.


Please note the Bureau raised the issue of beneficial use as part of the hearing and IOF have proved the use backed up with letters from Oil services companies.

Strategic review due soon with some lucrative sites with their hands in the air.

They had better start praying a JV with a lump of cash isn't in the offing.

The original plan

"Once water rights granted JV partner must fund 100% of cost to develop - up $5m USD for water and an option for 50% of Atlantis for $10m USD or forfeit all rights"

'Ho hum indeed'. :-)

But the Hal original deal is old!!

Really, part of the delay was to get the LOI's changed to Atlantis in the letters as the originals said Iofina. Attend AGMs and you get to know things. The bureau wanted Atlantis in the letters so Hal and co, re-did them.

[rogerbridge] 07/10/2014 09:51

But they did get one thing right.
Impressive array of assets.

[captain_kurt] 07/10/2014 09:49

Proves, nothing like dyor lol

[naphar] 07/10/2014 09:48

CK

" the company’s dual revenue approach through iodine and natural gas "

hmmm....

[rhwillcoll] 07/10/2014 08:57

268,000 shares traded this morning: a number of continuous AT buys - incl 25,000 lots - in rapid succession from 8.42 lasting two minutes. I agree with Mister Big. Price made low enough now for bigger fish to start eating.

[captain_kurt] 07/10/2014 08:53

Someone is getting their pound of flesh at these crazy prices

[superg1] 07/10/2014 08:34

Che

If you are right and they are buys, then you can see what Mr B is on about. PIs sell on the drop.

I've no idea if some have geared themselves to the limit, T trades too, but the 'market' will know if they have.

I was tempted to buy yesterday but didn't due to the consideration of MM behaviour and the unknown factor of forced sells if the price dropped etc.

Meanwhile Macca and co will probably work overtime, probably not to close a short, but to get a good price to buy.

That 'lot' screwed everyone over on PLE with a pump, then dump, short, and then trash it.

[che7win] 07/10/2014 08:23

Another 175k trade after hours, someone picking up stock with the 700k yesterday as well.

[superg1] 07/10/2014 08:22

Mr B

PIs rarely understand the games that go on to ensure mates rates. Nomads and brokers hate the web due to all the investing info access it gives mere mortals.

They'll have to do the same all over again re Helium in time.

Keep 'em busy trying to knock the permit I say, :-).

What we be will be, all that matters is EPS.

[mister big] 07/10/2014 08:15

Mm are playing with it - institutions that want to get in must be allowed below market rates - that's the rule !
However , patience will be rewarded here Atlantis is worth about a quid and the iodine business another 75p - re rating will occur in due course

[magwich] 07/10/2014 08:13

They want more of our shares, their not getting mine?

[cyberbub] 07/10/2014 08:03

Wow - over £1M lopped off the company's value with a £70 trade...

[monet] 07/10/2014 07:52

Beaufort Securities

Iofina (IOF.L, 50.0p) - Speculative Buy
Yesterday, Iofina provided a monthly production update for September 2014. On an m-o-m basis, the company’s crystallized iodine production levels increased 18.6% to 28.0 mt from 23.6 mt in the previous month. Year-to-date revenues stood at US$20m, up from the US$18.8m income for the 2013 fiscal. The company maintained a production estimation of 325-350 mt of crystallized iodine for the year. Separately, on 3rd October 2014, Iofina’s wholly owned subsidiary, Atlantis Water Solutions, received preliminary water permit by the Department of Natural Resources and Conservation of Montana. The company mentioned, that subject to no objections in the short public-notice period, the initial permit would be granted. The final permit would be awarded once the Atlantis water depot is completed. The company plans to seek a joint venture partner to finance the project instead of using its own cash reserves. Going forward, Iofina is likely to provide quarterly operational updates with observed stability and production history of its IOsorb plants.

Our view: The encouraging production update and the water permit from the Montana authorities are great accomplishments for Iofina. Earlier this year, the company’s operations were adversely affected owing to harsh winter in the US and a fracking programme launch by a major client. Continued focus on the optimization of its plants and production enhancement has given the company a platform to build on its success and provide significant value addition to its shareholders. In the light of these positives, the company’s dual revenue approach through iodine and natural gas and its impressive array of assets across the US, we recommend a Speculative Buy rating for the stock.

[captain_kurt] 07/10/2014 07:48

Small mention in the independent

[superg1] 07/10/2014 07:43

Re a broker note. I have no knowledge of the intent, but logic to me suggests they would wait until the objection period is over to see if there are any valid objections.

As pointed out objections are based on adverse effects. The bureau from their point of view have already accepted there are no adverse effects. That's why IOF have said objections are unlikely. I'm very confident that no one can claim adverse effect on their water rights.

[superg1] 06/10/2014 23:08

Bry

Re aquifers and the permits. The guru was Bob Shaver he completed reports re aquifer use.

The Fox Hills aquifer underlies the whole area, it's been dropping at 1.2 feet per year and is a major supply for irrigation and livestock.

His words

"We are not depleting aquifers in western North Dakota to provide water for oil field applications"

At the time he said that this was the state of play re water depots and their permits.

Water permits issued – 85 (73 groundwater, 12 surface water)

Shaver and the bureau want all frack water use met from surface water like the Missouri, NOT the aquifers.

If they deplete the aquifers the whole economy is stuffed re livestock and agriculture.

Halliburton know that and mentioned that going forward permits for industrial use from aquifers are highly unlikely.

The Bureau allows it, as otherwise there would be no Bakken oil boom, but they want all aquifer use for fracking replaced with surface water supplies.

Due to shortages of water for fracking they did this....

Due to the demand and lack of timely permitting, the State Engineer developed a policy to temporarily divert irrigation use to industrial use.

Those temporary permits are against legislation as an emergency measure and will be withdrawn.

That's why mysteriously IOF have letters of intent from oil services companies for large volumes of water, as those companies know the temp permits will be withdrawn, and the ground water permits have a limited shelf life.

Not forgetting of course, the guy said he didn't expect it to be too long before all rights are fully appropriated.

[superg1] 06/10/2014 21:43

Think about the iodine.

'you won't be able to sell your excess iodine they said'

IOF sit with supply agreements waiting for excess iodine, as mentioned by the CEO.

A future comment. 'No one needs helium' Try asking Air gas, Linde and Praxair. I understand the US business arena has just started to wake up re the value of helium.

[bad robot] 06/10/2014 21:28

I suppose another disaster for that brucie5 chap. Poor guy getting wiped on all my shorts.


Hey hoy Brucie

XEL 55p. you lose again

[superg1] 06/10/2014 21:19

There are permits all over the place on a temporary that WILL be withdrawn.

The vast majority are from aquifers, as that is a total a 100% deficit, they want rid of as much aquifer use for the oil industry as possible. Aquifers deplete much faster than they recharge.

Halliburton comment on that too somewhere, I will try to find it. They expect water rights for fracking from aquifers to be finite with a declining trend as it's not sustainable.

Which once more, is probably why they are doing such a big contract with IOF for surface water.

It's called planning ahead for issues they anticipate in the industry.