Iofina Share Discussion Threads

[bobsworth] 17/6/2013 15:29

Slippage before imminent good news!

What a great topping up opportunity for us longtermers.

[the librarian] 17/6/2013 15:25

LOL, you made me panic slightly there joe, made a quick call, my rollovers are set.... phew!

[everybodywangchungtonight] 17/6/2013 15:19

SG has actually mentioned 'slippage' 5 times, in as many weeks!

[the librarian] 17/6/2013 15:16

Yeah superg, that slippage comment has now become a subtle de-ramp, what are you up to? :-)

I think he meant slippage in the price whilst waiting for updates guys! It always happens.

[joeblogg2] 17/6/2013 15:15

I am not sure but today's movement may be due to some people not being able to to rollover ??

[sandbag] 17/6/2013 15:13

Interesting recovery methods:


About PetroTech

PetroTech Oil and Gas, Inc. uses multiple patent technologies for Enhanced Oil Recovery and in some cases will use their new pumping system co developed by PetroTech. We will use this patented technology with other proven technologies currently used in the industry to drill, complete equip new drill wells and older wells with secondary production opportunities. Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and PetroTech Oil and Gas, Inc.'s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma. Starting in the late 1990's we started researching various EOR methods and sources of gases and mixtures of gases to find an alternative gas to pure CO2 for EOR. In doing so, we found that a N2-CO2 mixture was 2-3 times more efficient than CO2 in the recovery of stranded oil. Recently we have been introduced to a patented exhaust unit that was more efficient than regular CO2. A new prototype of that equipment was then built for injection purposes; and is in the process of being further developed for commercial use.

We have analyzed the different types of oil producing reservoirs in most of the major geological basins in the United States and have determined that the use of our process and method will enhanced the recovery of stranded oil reserves in these areas that otherwise may never be produced. The pinnacle reefs, other reefs in Texas make excellent reservoirs for EOR because they are compact, have consistent reservoir properties, thick pay columns, and are overlain by an impermeable cap seal. However other formations have responded favorably as well.

These reservoirs represent over 300 million barrels of recoverable stranded oil using our patented method and technology. CO2 floods have been successful on the reefs in the US with rates as high as 1000 BOPD. Our process will have a major impact on the recovery of stranded oil in U.S. basins. This statement is based on the fact that we have an unlimited source of gas and we do not need an expensive infrastructure to transport the gas. Plus the fact that it is proven that a mixture of CO2 and N2 is more efficient than CO2 in some trials.

The cost and recovery of a project will be dependent on size of structure and depth; the cost will range depending on type of formation and type of treatment design. Hopefully, per project we will capture an additional 20% to 40% of oil in place. Attempting to do this in a period of 5 years as opposed to the original 20% of oil that has already been produced; which may have taken ten to twenty years. Each successful project is estimated to have a six to twelve month payout.

[nashwan123] 17/6/2013 15:10

SG
Did you skirt around warmsuns slippage concern?

[the librarian] 17/6/2013 15:08

I can never work out what the actual trades are but the price has been moved down on low volume for IOF, maybe picking off any stops?

Like a poker game with the big players biding their time (or picking them off in the background), hat brims down, squinting at the screen :-)

[sandbag] 17/6/2013 15:04

Another Bakken deal:

[superg1] 17/6/2013 14:59

Beer

All I keep hearing away from this BB, is that it is a great buying opportunity and I can't argue with the source.
There was bound to be some caution post CEO exit rns, and a few fleeing the nest.

I have said all along I wouldn't want 250 broken until solid updates are out there, so it's just a case of waiting for those.

We'll see if anything get's rns'd in the next day or two.

Lib

There is a long line of those duff calls, in historic posts of the regulars, but hey ho, it's the Monty python Black Knight scenario.

[supreme mo] 17/6/2013 14:54

Added more beer captain.Uriney lent me his trolley for the afternoon.... :-)

[warmsun] 17/6/2013 14:52

sg, you have mentioned 'slippage', I think, twice in recent posts....are you trying to tell us something?

[the librarian] 17/6/2013 14:49

What gives me confidence beer is that the bottom feeders always get it wrong, when they start appearing trying to shake your confidence, (not mine), then the price usually moves up in a big way!

[n3tleylucas] 17/6/2013 14:44

IC needs to expand, you need major investment to increase the 800 tonne annual capacity. You need to raise more funds, fast.

You need a proper business plan. You cannot make it up as you go along.

[beercapafn] 17/6/2013 14:40

Now I am getting nervous, two days to I hope great news. But AIM companys are often full of surprises. This dip in the share price is counter intuitive. ?
Thoughts anyone.

[shonny] 17/6/2013 14:37

This looks to be in the running for a diving gold medal. Lots of punters baling out today. The coming news must be dire. Has the chairman resigned as well.

[superg1] 17/6/2013 14:35

Bogg

Well worth attending the AGM to hear from the IOF team. Once that comes and goes off we go again. Maybe before if we get a trading update.

The 'squabbles' over price moves from a week to week and month to month are just that.

I'm not here for the price next month, or the month after, but for the potential related to the delivery of the business plan. That delivery plan covers prices well above the current level in H2. If the price covered a level for the business plan execution in 2014, then I wouldn't be here until the gap of potential and delivery were closely associated.

We are here because they said they had great tech and great sites. The price was low waiting for evidence that the tech worked, and that they had good sites.

The proof of the tech came with io1, and the proof of great sites with io2.

It's bounced between the 2 target prices. Shorts positions have provided liquidity, but they are not waiting for performance over the next 2/3 years like investors.

At some point the recent one's will close causing a spike. Those positions are just a blind guess on what they think is a momentum play. Some did it as a bear view on the mining sector ??.

IOF in the resource industry is unique on the LSE, on the iodine and water front, but I don't expect the analysst to understand that. I actually take some time to look at the odd share that is interesting, but many are tough to understand so I walk away. I doubt many spend more than 5 minutes on the decision process to take a punt.

The point being, their is no major flaw I can find in the IOF plan, to cause significant moves south.

Slippage could come, and has right through the IOF building process as it does on all new, and existing businesses. Leases and deals are spread across a range of partners and land owners.

The deals are free-carry cash to whoever links up with IOF, and there is no other company in the US providing the option.

[bogg1e] 17/6/2013 13:31

sg1, cheers. Yes am new to this BB. I heard about IOF 3 months ago maybe and have been looking into the company, its product, market, competition, figures etc etc since then. I was waiting for it to either break 245-250p or give a decent drop before buying in. I'm pleased with 223p, shame i only heard about IOF after the rise had already begun in earnest. Loads more research to do, still got more questions, but as i understand the company better im beginning to realise the scope and growth prospects are greater than i first assumed. Very exciting.

[superg1] 17/6/2013 13:04

Boggle1

I think you are new to this BB. We don't panic. Fair comments and hence why I say it's best to wait for a solid update before we push through 250.


1 more plant up to speed in H2 would cover this price, never mind 4 of them. That's why we don't panic


If it was £5 plus now having priced the 4 extra plants in, then maybe it puts pressure on delivery, but at this price certainly not.

Never mind all the other aspects IOF have.

Someone reminded me recently of an old post I made, re mid 2013 being the crucial turning point for IOF. Here we are, and we are on track.

io3 could have been in 3 months ago, but do in a year, what it can do in 1 quarter, in it's new intended location. An easy decision I suggest.

Every share that ever was, has slippage of some type, it's only significant events that can serioulsly change the course of a company

[bogg1e] 17/6/2013 13:01

Btw thanks chaps for the informative responses re: iodine, radiation treatment and related info.

[xippy] 17/6/2013 13:00

Only 233k traded very low volume, taking no notice of the price drop, on this level of trade, hopefully buyers back this afternoon to take advantage.
IMHO

[bogg1e] 17/6/2013 12:50

The share price is sitting on the bottom of a channel that is both bullish and has held for a considerable time. A lot of value is already priced in based on current production levels, so perhaps the market sees 250p as fair resistance, but given the fact that the number of new units to be go in per quarter would significantly improve revenue and that the technology is commercially proven, means there's little reason for the market to allow the share price to get pushed down too far. Dont panic mr mannering.

[che7win] 17/6/2013 12:49

Good to see TPL rising ahead of substantial signing expected tomorrow. A nice one bagger so far this year.

[superg1] 17/6/2013 12:48

Just curious Bob

The io3 delivery turned out to be an empty box?

The Bakken Oil discovery is an elaborate lie by the US gov (it's caramel really).

Strawberry cheesecake had been found to replace iodine in many applications.

????

Oh if you have nurses around you spreading strawberry cheesecake on you, they aren't really nurses, and you will need iodine.

[monts12] 17/6/2013 12:44

Fantastic buying opportunity before AGM (Ramp, ramp!!!)